» Agreement setting out the significant participation of the
Manawan Atikamekw to responsibly develop graphite in the Nitaskinan
in a way that respects the environment and provides direct benefits
to the community.
» Enhanced collaboration on aspects related to Atikamekw
culture, the environment, training, employment, business
opportunities, and financial benefits.
» Agreement signed following a community consultation
process.
» Commitment to a long-term, mutually beneficial relationship of
trust based on respect, inclusion, sustainability and
responsibility.
The Conseil des Atikamekw de Manawan, representing the Atikamekw
Nehirowisiw First Nation of Manawan (the “Manawan Atikamekw”), and
Nouveau Monde Graphite Inc. (“NMG” or the “Company”) (NYSE:NMG,
TSXV: NOU) are proud to announce that they have signed an impact
benefit agreement covering the Matawinie mining project, which is
located on the Nitaskinan. With this agreement, the Manawan
Atikamekw give their consent to the Matawinie mining project, which
aims to responsibly valorize graphite by NMG, in a way that
respects the environment and provides direct benefits to the First
Nation.
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the full release here:
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Chief Sipi Flamand and President and CEO
Eric Desaulniers mark the signing of the agreement in Manawan.
(Photo: Business Wire)
Sipi Flamand, Chief of the Manawan Atikamekw, stated: "This
agreement is aligned with our desire to generate value from our
Nitaskinan while creating concrete opportunities for our community
and our members. It reflects an appropriate balance between a
recognition of our values and our culture, respect for our
environment, and improved quality of life for the Manawan
population. Together with our partner Nouveau Monde Graphite, we
are shaping the direction of a long-term collaboration that is in
keeping with our values.”
Eric Desaulniers, Founder, President and CEO of NMG, stated:
“Mikwetc e tapweritamekw anihe ka ki masinahotisowiekw, ni
nakasinan tapickotc kitci otamirotaikw otci ‘Matawinie Mine,’ kitci
mackowarik opimatisiwiniwaw ke pe ocki nitawikitcik. I would like
to thank the Manawan community and their leaders for their trust,
which is reflected in this agreement. This is a significant
milestone, and Team Nouveau Monde is eager to develop the Matawinie
Mine together with the community to create a sustainable future for
generations to come. This partnership also promises positive
benefits for both Manawan and our project in terms of environmental
management, labor, and business partnerships.”
Glenn Dubé, councillor at the Atikamekw Council of Manawan,
said: "It is a pleasure to announce the signing of this agreement.
Having steered this file during my two mandates, I am proud of the
progress made and the sincere collaboration that marked this
process. I look forward to what lies ahead with renewed optimism,
convinced that we will continue to move forward together along this
path of mutual respect and trust.”
On the basis of the two agreements already signed between the
Manawan Atikamekw and NMG, the impact benefit agreement went
through an exhaustive negotiation and consultation process to
ensure that the interests and concerns of the First Nation were
taken into account. The agreement includes provisions for the
Manawan Atikamekw to take part in the project’s environmental
management and monitoring, the implementation of adapted and
preferential training and employability measures, the promotion of
business opportunities during the mine’s construction and
operations, as well as the recognition of Atikamekw culture and the
inclusion of cultural safety measures. The agreement also sets out
the sharing of financial benefits from NMG’s graphite development
operations.
The Manawan Atikamekw and NMG will soon launch a joint working
committee to ensure the agreement is implemented in an effective
and cooperative manner.
About the Manawan Atikamekw
The Manawan Atikamekw have lived on, occupied and protected
their Nitaskinan since time immemorial. They have ancestral rights,
including ancestral title, to the Manawan Nitaskinan and have
always managed and protected their Nitaskinan according to their
customs, practices and traditions. The community of Manawan is
located approximately 72 km north of Saint-Michel-des-Saints in
Matawinie, in Québec’s Lanaudière region. The Manawan Atikamekw
community is represented by the Conseil des Atikamekw de Manawan
(CDAM). The CDAM defends the rights of the Manawan Atikamekw and
coordinates with the Manawan territory chiefs to advance the
territorial interests of Atikamekw families as per traditional
Atikamekw customs.
About Nouveau Monde Graphite
Nouveau Monde Graphite is an integrated company developing
responsible mining and advanced manufacturing operations to supply
the global economy with carbon-neutral active anode material to
power EV and renewable energy storage systems. The Company is
developing a fully integrated ore-to-battery-material source of
graphite-based active anode material in Québec, Canada. With
enviable ESG standards and structuring partnerships with anchor
customers, NMG is set to become a strategic supplier to the world’s
leading lithium-ion battery and EV manufacturers, providing
high-performing and reliable advanced materials while promoting
sustainability and supply chain traceability. www.NMG.com
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Cautionary Note
Certain statements contained in this press release constitute
“forward-looking information” and “forward-looking statements”
within the meaning of applicable securities legislation
(collectively, “forward-looking statements”), including, but not
limited to, statements relating to future events or future
financial or operating performance of the Company and reflect
management’s expectations and assumptions regarding the Company’s
growth, results, performance, and business prospects and
opportunities. Such statements reflect management’s current beliefs
and are based on information currently available to it. Such
forward-looking statements include but are not limited to
statements regarding the repercussions, benefits and spin-offs of
the partnership between the Manawan Atikamekw and NMG, including
those related to the environmental management plan, labour and
business partnerships, the effective implementation of a joint
working committee to oversee the application of the agreement, the
projections about future operations, the future engagement and
potential economic benefits for the region, and the capacity of NMG
to establish a fully integrated supply chain for active anode
material from graphite in Québec, to become a strategic supplier
for the world’s main manufacturers of lithium-ion batteries for
electric vehicles, and to provide high-performance and reliable
advanced materials while ensuring the sustainability and
traceability of the supply chain, as well as the intended results
of the initiatives described in this press release and those
statements which are discussed under the “About the Manawan
Atikamekw” and “About Nouveau Monde Graphite” paragraphs and
elsewhere in the press release which describe the Company’s outlook
and objectives and the agreement with the Manawan Atikamekw.
Forward-looking statements are based on reasonable assumptions
that have been made by the Company as at the date of such
statements and are subject to known and unknown risks,
uncertainties and other factors that may cause actual results,
level of activity, performance, or achievements of the Company to
be materially different from those expressed or implied by these
forward-looking statements, including but not limited to general
economic and commercial conditions, the actual results of current
development, engineering and planning activities, access to capital
and future prices of graphite, the inherent risks of mining
development activities, the speculative nature of mining
development, changes in mineral production output, the uncertainty
of processing the Company’s technology on a commercial basis,
development and production timeframes, competition and
market-related risks, price pressure, other risks related to the
mining industry, and engineering analyses and other requirements to
fully evaluate their impact, the fact that some initiatives
described in this press release are still in the preliminary phase
and may not materialize, business continuity and crisis management,
political instability, and international conflicts. A further
description of risks and uncertainties can be found in NMG’s Annual
Information Form dated March 27, 2024, including in the section
thereof captioned “Risk Factors,” which is available on SEDAR+ at
www.sedarplus.ca and on EDGAR at www.sec.gov. Unpredictable or
unknown factors not discussed in this Cautionary Note could also
have material adverse effects on forward-looking statements.
There can be no assurance that forward-looking statements will
prove to be accurate, as actual results and future events could
differ materially from those anticipated in such statements. The
Company disclaims any intention or obligation to update or revise
any forward-looking statements in this press release in the case of
new information, future events, or for any other reasons, except to
the extent required by applicable law.
The market and industry data contained in this press release is
based upon information from third parties and from independent
industry reports, publications, web sites, and other publicly
available sources of information as well as data on the industry
and other data prepared by or for the Company based on its
knowledge of the markets in which it operates, including but not
limited to information obtained from suppliers, partners, clients
and other industry stakeholders. The Company believes that the data
on markets and economic data cited in this press release to be
accurate as of the date of publication of this press release and,
in relation to the data prepared by or for the Company, that these
estimates and assumptions are currently appropriate and reasonable
but that the accuracy and completeness of such data are not
guaranteed. The accuracy and completeness of the market and
economic data presented in this press release are not guaranteed
and the Company does not make any representation as to the accuracy
of such data and does not undertake to update or revise this data.
Actual outcomes may vary materially from those forecasted in such
reports or publications, and the prospect for material variation
can be expected to increase as the length of the forecast period
increases. Although the Company believes that this data is reliable
as of the date of publication of this press release, the Company
has not independently verified any of the data from third-party
sources referred to in this press release, has not analyzed or
verified the underlying studies or surveys relied upon or referred
to by such sources, and has not ascertained the underlying market,
economic environment or other assumptions relied upon by such
sources. Market and economic data are subject to variations and
cannot be verified due to limits on the availability and
reliability of data inputs, the voluntary nature of the
data-gathering process and other limitations and uncertainties
inherent in any statistical survey.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Further information about the Company is available through the
regular filing of press releases, financial statements and our most
recent Annual Information Form in the SEDAR+ database
(www.sedarplus.ca) and EDGAR (www.sec.gov.). These documents and
other information about NMG are also available from our website at
www.nmg.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20241212603280/en/
MEDIA For Nouveau Monde Graphite Julie Paquet VP Communications
& ESG Strategy +1-450-757-8905, ext. 140 jpaquet@nmg.com For
the Conseil des Atikamekw de Manawan Eric Duguay Media Relations
Manager 514-377-1980 e.duguay@seize03.ca INVESTORS Marc Jasmin
Director, Investor Relations +1-450-757-8905, ext. 993
mjasmin@nmg.com
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