+ NMG’s management workforce to interact with {the marketplace} and funding group by way of upcoming participation at BMO World Metals, Mining & Vital Minerals Convention, PDAC 2023 Conference and the Annual ROTH Convention.
+ Jean Cayouette appointed as Vice President, Metallurgy & Course of, complementing NMG’s technical workforce with over 30 years of expertise within the mining business taking care of the design, start-up, and optimization of varied mineral processing vegetation.
Following the publishing of outcomes on January 10, 2023 , Nouveau Monde Graphite Inc. (“NMG” or the “Firm”) ( NYSE: NMG , TSX.V: NOU ) has filed the preliminary financial evaluation (“PEA”) for the Uatnan mining challenge (the “Uatnan Mining Mission”) positioned in Québec, Canada, with the securities commissions and regulatory authorities in Canada and the U.S. The PEA, performed by engineering corporations BBA Inc. (“BBA”) and GoldMinds Geoservices Inc. (“GMG”) in keeping with Nationwide Instrument 43-101 Requirements of Disclosure for Mineral Initiatives (“NI 43-101”), was carried out in collaboration with Mason Graphite Inc. (“Mason Graphite”) (TSX.V: LLG, OTCQX: MGPHF) because the Uatnan Mining Mission leverages the Lac Guéret deposit wholly-owned by Mason Graphite and topic to an funding settlement and choice and three way partnership settlement with NMG .
The PEA exhibits robust economics for NMG’s up to date operational parameters and manufacturing volumes concentrating on the manufacturing of roughly 500,000 tonnes of graphite focus every year over a 24-year lifetime of mine (“LOM”). The proposed Uatnan Mining Mission is at the moment one of many largest projected pure graphite productions being developed on the earth. In step with NMG’s vertical integration technique, the Uatnan Mining Mission’s contemplated manufacturing would function feedstock for battery supplies superior manufacturing, offering refining growth alternative, rising potential margins, and enhancing the Firm’s progress profile.
In right this moment’s dynamic market, the Uatnan Mining Mission aligns with NMG’s business engagement amidst electrical automobile (“EV”) adoption reaching unprecedented ranges with 10.3 million automobiles bought in 2022 (Rho Movement, February 2023). With 7,940 GWh of worldwide lithium-ion battery manufacturing capability projected by 2030, demand for superior supplies is ready to extend as much as fivefold, with graphite outpacing the opposite battery metals (Benchmark, January 2023) at 10,363,000 tonnes every year for that market phase alone.
Arne H Frandsen, Chair of NMG, declared: “The market is actively looking for various sources of graphite, in important volumes, to cut back its dependence on Chinese language-controlled provide chains. NMG’s built-in working mannequin, from ore to battery supplies, caters to western world’s EV and battery producers with a turnkey, scalable, and ESG-driven manufacturing. The Uatnan Mining Mission matches completely into the Firm’s growth plan, offering a big useful resource to enhance our Section-2 Matawinie Mine and Bécancour Battery Materials Plant. Now greater than ever, NMG is demonstrating its management in striving to determine North America’s largest pure graphite manufacturing to serve the vitality transition.”
PEA Outcomes: The Potential of the Uatnan Mining Mission
NMG and its consultants revisited the basics for the property growth with a view to aligning the Uatnan Mining Mission with right this moment’s market alternative. Design of the Uatnan Mining Mission has been tailor-made to the wants of the battery and EV market, orienting manufacturing volumes for beneficiation as a way to produce energetic anode materials.
The Uatnan Mining Mission optimizes the Mineral Assets (see Desk 2) and goals to broaden the unique mining challenge tenfold by concentrating on the manufacturing of roughly 500,000 tonnes of graphite focus every year. It will be operated as a traditional open pit with a concentrator close to the deposit. Consistent with NMG’s accountable mining method, plans embrace concerns for top requirements in time period of tailings administration, progressive web site closure with backfilling of the pit and a transition to fleet electrification. Québec’s inexpensive clear hydropower underpins the Uatnan Mining Mission’s financial construction and helps NMG’s undeterred carbon-neutrality dedication.
Desk 1: Operational Parameters of the Uatnan Mining Mission |
|
OPERATIONAL PARAMETERS |
|
LOM |
24 years |
Nominal annual processing fee |
3.4 M tonnes |
Stripping ratio (LOM) |
1.3:1 |
Common grade (LOM) |
17.5% Cg |
Common graphite restoration |
85% |
Common annual graphite focus manufacturing (LOM) |
500,000 tonnes |
Completed product purity |
94% Cg |
Cautionary Word: Graphite is expressed in graphitic carbon (“Cg”). The PEA is preliminary in nature and contains Inferred Mineral Assets, thought-about too speculative geologically to have the financial concerns utilized to them that may allow them to be categorized as Mineral Reserves, and there’s no certainty that the PEA might be realized. Mineral sources that aren’t mineral reserves haven’t demonstrated financial viability. Further trenching and/or drilling might be required to transform inferred mineral sources to indicated or measured mineral sources. There isn’t any certainty that the sources growth, manufacturing, and financial forecasts on which this PEA relies might be realized.
Desk 2: Present Pit-Constrained Mineral Useful resource Estimate |
|||
IN-PIT CONSTRAINED MINERAL RESOURCES |
Tonnes (Mt) |
Grade (% Cg) |
Cg (Mt) |
Measured 5.75% |
15.65 |
15.2 |
2.38 |
Measured Cg > 25% |
3.35 |
30.6 |
1.02 |
Whole Measured |
19.02 |
17.9 |
3.40 |
Indicated 5.75% |
40.29 |
14.6 |
5.89 |
Indicated Cg > 25% |
6.33 |
31.6 |
2.00 |
Whole Indicated |
46.62 |
16.9 |
7.89 |
Indicated + Measured 5.75% |
55.94 |
14.8 |
8.27 |
Indicated + Measured Cg > 25% |
9.70 |
31.2 |
3.03 |
Whole Measured + Indicated |
65.64 |
17.2 |
11.30 |
Inferred 5.75% |
15.35 |
14.9 |
2.28 |
Inferred Cg > 25% |
2.47 |
31.8 |
0.79 |
Whole Inferred |
17.82 |
17.2 |
3.07 |
Notes :
- The Mineral Assets supplied on this desk have been estimated by M. Rachidi P.Geo., and C. Duplessis, Eng., (QPs) of GoldMinds Geoservices Inc., utilizing present Canadian Institute of Mining, Metallurgy and Petroleum (CIM) Requirements on Mineral Assets and Reserves, Definitions and Tips.
- Mineral Assets which aren’t Mineral Reserves don’t have demonstrated financial viability. The estimate of Mineral Assets could also be materially affected by environmental, allowing, authorized, title, market or different related points. The amount and grade of reported Inferred Mineral Assets are unsure in nature and there has not been ample work to outline these Inferred Mineral Assets as indicated or Measured Mineral Assets. There isn’t any certainty that any a part of a Mineral Useful resource will ever be transformed into Mineral Reserves.
- The Mineral Assets offered right here have been estimated with a block measurement of 3mE x 3mN x 3mZ. The blocks have been interpolated from equal-length composites (3 m) calculated from the mineralized intervals.
- The Mineral Useful resource estimate was accomplished utilizing the inverse distance to the sq. methodology using three runs. For run 1, the variety of composites was restricted to 10 with a most of two composites from the identical drillhole. For runs two and three the variety of composites was restricted to 10 with a most of 1 composite from the identical drillhole.
- The Measured Mineral Assets categorised utilizing a minimal of 4 drillholes. Indicated sources categorised utilizing a minimal of two drillholes. The Inferred Mineral Assets have been categorised by a minimal of 1 drillholes.
- Tonnage estimates are based mostly on a set density of two.9 t/m 3 .
- A pit shell to constrain the Mineral Assets was developed utilizing the parameters offered within the PEA. The efficient date of the present Mineral Assets is January 10, 2023.
- Mineral Assets are said at a cut-off grade of 5.75% C(g).
Estimates at the moment being on the market’s peak as influenced by inflationary traits, NMG and its consulting corporations have refined design, engineering, and building parameters to allow price optimization and aggressive pricing.
Desk 3: Financial Highlights of the Uatnan Mining Mission |
|
ECONOMIC HIGHLIGHTS |
Uatnan Mining Mission |
Pre-tax NPV (8% low cost fee) |
C$ 3,613 M |
After-tax NPV (8 % low cost fee) |
C$ 2,173 M |
Pre-tax IRR |
32.6% |
After-tax IRR |
25.9% |
Pre-tax payback |
2.8 years |
After-tax payback |
3.2 years |
Preliminary CAPEX |
C$ 1,417 M |
Sustaining CAPEX |
C$ 147 M |
LOM OPEX |
C$ 3,236 M |
Annual OPEX |
C$ 135 M |
OPEX per tonne of graphite focus |
C$ 268/tonne |
Focus promoting value |
US$ 1,100/tonne |
Annual revenues from Uatnan manufacturing |
US$ 550,000,000 |
All prices are in Canadian {dollars} except for the graphite sale value which is supplied in US {dollars}.
The PEA exhibits that the Uatnan Mining Mission is technically possible in addition to economically viable. With pure flake graphite anticipated to enter a structural deficit in 2023 as a result of continued progress of the lithium-ion battery sector (Benchmark Mineral Intelligence, December 2022), market views and NMG’s energetic business discussions point out favorable circumstances for commercializing the Uatnan Mining Mission manufacturing.
On the idea of those constructive outcomes, NMG intends to launch an up to date feasibility research in compliance with the choice and three way partnership settlement signed with Mason Graphite .
NMG is dedicated to extending its method of open and proactive engagement with Indigenous Peoples and native stakeholders to the Uatnan Mining Mission. The Firm plans to keep up a clear dialogue with the Innu First Nation of Pessamit because it advances the challenge growth to make sure the respect of their rights, their tradition, lifestyle and spirituality, the inclusion of their perspective and conventional information, in addition to the safety of the surroundings. NMG additionally pledges to broaden its relationships with stakeholders from all horizons to foster mechanisms for collaboration and form a challenge producing shared worth.
The PEA entitled “NI 43-101 Technical Report – PEA Report for the Uatnan Mining Mission”, with an efficient date of January 10, 2023, was filed on SEDAR at www.sedar.com , on EDGAR at www.sec.gov and on NMG’s web site . PEA outcomes as outlined on this press launch have been issued on January 10, 2023.
Scientific and technical info offered on this press launch was reviewed and authorized by André Allaire, P.Eng. (BBA), Jeffrey Cassoff, P.Eng. (BBA), Vera Gella, P.Eng. (BBA), Claude Duplessis, P.Eng. (GoldMinds Geoservices), and Merouane Rachidi, P.Geo. (GoldMinds Geoservices) Certified Individuals as outlined below NI 43-101.
Jean Cayouette
NMG appointed earlier this month Mr. Jean Cayouette, Eng., Vice President, Metallurgy and Course of in alternative of Alain Dorval, who not too long ago retired. A graduate of Laval College in mining and metallurgical engineering, Mr. Cayouette has over 30 years of expertise within the mining business. The design, start-up and optimization of varied mineral processing vegetation have contributed to his technical and administration expertise within the fields of metallurgy, operations, upkeep, and surroundings. He’s an completed company chief in operational optimization, mine web site reclamation in addition to sustainable growth initiatives.
Eric Desaulniers, Founder, President and CEO of NMG, added: “The Uatnan PEA outcomes are extraordinarily constructive for our shareholders, our potential clients and stakeholders within the Manicouagan area. NMG is now shifting gears because it progresses quickly on a multi-lane expressway, advancing all three phases of its enterprise technique concurrently to seize a historic market alternative. Bringing on experience and depth similar to Jean’s gives our technical groups with stable backup emigrate Section 1 operations into Section 2 business manufacturing, whereas informing the following phases of growth for the Uatnan Mining Mission. I am delighted to see one other gifted chief becoming a member of Group Nouveau Monde in our quest to drive sustainability into the battery/EV house. Bienvenue Jean! Joyful retirement Alain!”
NMG Engagement with the Market and Funding Sector
Vital minerals, the vitality transition and NMG’s sturdy enterprise technique are gaining consideration each within the market and inside funding circles. The Firm’s management workforce is collaborating in BMO World Metals, Mining & Vital Minerals Convention till March 1, 2023, to place NMG’s enticing built-in manufacturing mannequin and related alternatives.
Executives will be part of some 30,000 attendees at PDAC 2023 Conference in Toronto, Canada, from March 5 to eight, 2023, a world-renowned mineral exploration and mining occasion. NMG leaders might be at sales space IE2830 and interact in a variety of particular occasions. Eric Desaulniers, President & CEO, may even current on the Vital Metals: Battery Supplies Processing session on Tuesday, March 7, 2023, at 3:40 p.m.
And from March 12-14, 2023, NMG representatives will take part within the thirty fifth Annual ROTH Convention in California, an occasion devoted to focused progress corporations.
About Nouveau Monde Graphite
Nouveau Monde Graphite is striving to turn into a key contributor to the sustainable vitality revolution. The Firm is working in direction of creating a totally built-in supply of carbon-neutral battery anode materials in Québec, Canada for the rising lithium-ion and gasoline cell markets. With low-cost operations and enviable ESG requirements, NMG aspires to turn into a strategic provider to the world’s main battery and car producers, offering high-performing and dependable superior supplies whereas selling sustainability and provide chain traceability. www.NMG.com
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Cautionary Word
All statements, aside from statements of historic reality, contained on this press launch together with, however not restricted to these describing the impression of the foregoing on the Uatnan Mining Mission economics, PEA outcomes (as such outcomes are set out within the varied tables featured above, and are commented within the textual content of this press launch), together with CAPEX, OPEX, NPV and IRR, the estimated worth of the Uatnan Mining Mission, operations growth situations for the Uatnan Mining Mission, business and technical parameters, the enticing economics for the Uatnan Mining Mission, LOM plans, the Firm’s meant advertising and marketing technique, market traits, future graphite costs, the impression of the Uatnan Mining Mission on the native communities, together with job creation, the projected annual manufacturing of the Firm’s Section-3 operations, the anticipated electrification technique and its meant outcomes and advantages, the potential outcomes and advantages of the Firm’s proprietary applied sciences, the timelines and prices associated to the varied initiatives, deliverables and milestones described on this press launch and their anticipated outcomes, the Firm’s anticipated monetary and operational efficiency, the character of relationships with stakeholders similar to the local people together with the Innu First Nation of Pessamit, future demand for batteries and EVs, the target of creating one of many largest totally built-in pure graphite operations within the World, the manufacturing of carbon-neutral anode materials, Mineral Useful resource estimates (together with assumptions and estimates utilized in getting ready the Mineral Useful resource estimates), the final enterprise and operational outlook of the Firm, the Firm’s future progress and enterprise prospects, the Firm’s ESG commitments, initiatives and objectives, the Firm’s presence on the varied conferences talked about on this press launch, and people statements that are mentioned below the “About Nouveau Monde” paragraph and elsewhere within the press launch which basically describe the Firm’s outlook and aims, represent “forward-looking info” or “forward-looking statements” (collectively, “forward-looking statements”) throughout the which means of Canadian and United States securities legal guidelines, and are based mostly on expectations, estimates and projections as of the time of this press launch. Ahead-looking statements are essentially based mostly upon a variety of estimates and assumptions that, whereas thought-about affordable by the Firm as of the time of such statements, are inherently topic to important enterprise, financial and aggressive uncertainties and contingencies. These estimates and assumptions might show to be incorrect. Furthermore, these forward-looking statements have been based mostly upon varied underlying elements and assumptions, together with the present technological traits, the enterprise relationship between the Firm and its stakeholders, the flexibility to function in a secure and efficient method, the well timed supply and set up at estimated costs of the tools supporting the manufacturing, assumed sale costs for graphite focus, the accuracy of any Mineral Useful resource estimates, future forex trade charges and rates of interest, political and regulatory stability, costs of commodity and manufacturing prices, the receipt of governmental, regulatory and third celebration approvals, licenses and permits on favorable phrases, sustained labor stability, stability in monetary and capital markets, availability of apparatus and significant provides, spare elements and consumables, the varied tax assumptions, CAPEX and OPEX estimates, the Uatnan Mining Mission permits’ standing, all financial and operational projections regarding the challenge, native infrastructures, the Firm’s enterprise prospects and alternatives and estimates of the operational efficiency of the tools, and should not ensures of future efficiency.
Ahead-looking statements are topic to identified or unknown dangers and uncertainties that will trigger precise outcomes to vary materially from these anticipated or implied within the forward-looking statements. Danger elements that would trigger precise outcomes or occasions to vary materially from present expectations embrace, amongst others, these dangers, delays within the scheduled supply occasions of the tools, the flexibility of the Firm to efficiently implement its strategic initiatives and whether or not such strategic initiatives will yield the anticipated advantages, the provision of financing or financing on favorable phrases for the Firm, the dependence on commodity costs, the impression of inflation on prices, the dangers of acquiring the mandatory permits, the working efficiency of the Firm’s property and companies, aggressive elements within the graphite mining and manufacturing business, modifications in legal guidelines and laws affecting the Firm’s companies, political and social acceptability danger, environmental regulation danger, forex and trade fee danger, technological developments, the impacts of the worldwide COVID-19 pandemic and the governments’ responses thereto, and normal financial circumstances, in addition to earnings, capital expenditure, money movement and capital construction dangers and normal enterprise dangers. An extra description of dangers and uncertainties may be present in NMG’s Annual Info Kind dated March 22, 2022, together with within the part thereof captioned “Danger Components”, which is obtainable on SEDAR at www.sedar.com and on EDGAR at www.sec.gov . Unpredictable or unknown elements not mentioned on this Cautionary Word may even have materials hostile results on forward-looking statements.
Many of those uncertainties and contingencies can immediately or not directly have an effect on, and will trigger, precise outcomes to vary materially from these expressed or implied in any forward-looking statements. There may be no assurance that forward-looking statements will show to be correct, as precise outcomes and future occasions may differ materially from these anticipated in such statements. Ahead-looking statements are supplied for the aim of offering details about administration’s expectations and plans regarding the long run. The Firm disclaims any intention or obligation to replace or revise any forward-looking statements or to clarify any materials distinction between subsequent precise occasions and such forward-looking statements, besides to the extent required by relevant regulation.
The market and business information contained on this press launch relies upon info from impartial business publications, market analysis, analyst stories and surveys and different publicly accessible sources. Though the Firm believes these sources to be usually dependable, market and business information is topic to interpretation and can’t be verified with full certainty on account of limits on the provision and reliability of uncooked information, the voluntary nature of the data-gathering course of and different limitations and uncertainties inherent in any survey. The Firm has not independently verified any of the information from third-party sources referred to on this press launch and accordingly, the accuracy and completeness of such information just isn’t assured.
Disclosures relating to Mineral Useful resource estimates included on this press launch have been ready in accordance with Canadian NI 43-101. The disclosures included on this press launch use the phrases “Feasibility Examine,” “Mineral Useful resource,” “Inferred Mineral Useful resource,” “Indicated Mineral Useful resource,” “Measured Mineral Useful resource,” in reference to the presentation of sources, as every of those phrases is outlined in accordance with the CIM Definition Requirements on Mineral Assets and Reserves adopted by the CIM Council, as required by NI 43-101. Except in any other case indicated, all useful resource estimates included on this press launch have been ready in accordance with the CIM Definition Requirements, as required by NI 43-101.
NI 43-101 is a rule developed by the Canadian Securities Directors that set up the Canadian requirements for all public disclosure an issuer makes of scientific and technical info regarding mineral tasks. These requirements differ from the necessities of the United Securities and Alternate Fee (the “SEC”). Accordingly, mineral useful resource and reserve info included on this press launch is probably not corresponding to comparable info made public by United States corporations reporting pursuant to SEC reporting and disclosure necessities.
Neither the TSX Enterprise Alternate nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Alternate) accepts duty for the adequacy or accuracy of this launch.
Additional info relating to the Firm is obtainable within the SEDAR database ( www.sedar.com ), and for United States readers on EDGAR ( www.sec.gov ), and on the Firm’s web site at: www.NMG.com
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MEDIA
Julie Paquet
VP Communications & ESG Technique
+1-450-757-8905 #140
[email protected]
INVESTORS
Marc Jasmin
Director, Investor Relations
+1-450-757-8905 #993
[email protected]
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