Nouveau Monde Graphite Inc. (“NMG“ or the “Company”) (NYSE: NMG,
TSX.V: NOU) held today its virtual Annual General and Special
Meeting of Shareholders (the “Meeting”). The Meeting was
complemented with a corporate presentation by NMG’s management team
providing shareholders with an update on the Company’s key
projects, commercial engagement, and growth plan.
Eric Desaulniers, Founder, President, and CEO of NMG, said:
“Thanks to our fully integrated Phase-1 operations and 110+
employees committed to our development, we have made headways over
the past months to optimize our advanced manufacturing
technologies, engage with tier-1 customers, and secure key
commitments to finance and commercialize our Phase-2 projects. The
current North American market landscape is now crystalizing around
major battery producers that are expanding their local production
plans in partnership with electric vehicle manufacturers and
strengthened by governmental incentives on each side of the
border.”
Propelled by the U.S.’ 2022 Inflation Reduction Act, the North
American battery sector now leads the Western gigafactory race with
over 1,256 GWh of battery production capacity in the pipeline by
2030 (Benchmarck Mineral Intelligence, June 2023). This
localization push provides a solid backdrop for NMG’s
commercialization effort as manufacturers seek alternatives to
Chinese supplies.
The Company is actively working with Panasonic Energy Co., Ltd.
on the back of their agreement to develop a definitive multi-year
offtake agreement for NMG’s active anode material, supported by the
optimization of technical production parameters and commercial
discussions on a pricing mechanism. NMG believes that its fully
integrated production model, from ore to battery material, provides
significant advantages in terms of environmental footprint,
traceability, simplified logistics, and reliability.
The Company is also engaged with a number of tier-1 customers
with a view to sign complementary offtake agreements. These
commercial discussions are supported by the production of
battery-quality samples at NMG’s facilities, site visits, quality
controls, and environmental due diligence.
A recording of Management’s presentation is available for
viewing at https://youtu.be/L9iaIHftetQ.
Matters Voted upon at the Meeting and Results
Each of the eight nominees listed in the Company’s management
information circular dated May 10, 2023, provided in connection
with the Meeting were elected as Directors of the Company; seven of
whom were reappointed.
Shareholders also adopted all other resolutions submitted for
their approval, including the appointment of PricewaterhouseCoopers
LLP as the auditors of the Company to hold office until the close
of the next annual meeting of the Company and the authority given
to directors to set its compensation, and the ratification and
confirmation of the stock option plan of the Company.
The complete voting results for each item of business are as
follows:
ELECTION OF DIRECTORS
Name of Nominee
Votes in Favor
% Votes in Favor
Votes Withheld
% Votes Withheld
Stephanie Anderson
26,736,245
99.38%
165,593
0.62%
Daniel Buron
26,072,766
96.92%
828,812
3.08%
Eric Desaulniers
26,717,543
99.31%
185,143
0.69%
Arne H Frandsen
25,876,021
96.18%
1,026,685
3.82%
Jürgen K�hler
26,737,221
99.39%
164,520
0.61%
Nathalie Pilon
26,784,397
99.56%
117,365
0.44%
James Scarlett
24,907,783
92.59%
1,993,647
7.41%
Andrew Willis
26,589,649
98.84%
311,680
1.16%
APPOINTMENT AND COMPENSATION OF PRICEWATERHOUSE COOPERS LLP AS
AUDITOR
Votes in Favor
% Votes in Favor
Votes Withheld
% Votes Withheld
29,544,038
99.57%
127,677
0.43%
RATIFICATION AND CONFIRMATION OF THE COMPANY’S STOCK OPTION
PLAN
Votes in Favor
% Votes in Favor
Votes Against
% Votes Against
23,940,057
88.99%
2,961,205
11.01%
Details of the voting results on all matters considered at the
Meeting are available in the Company’s report of voting results,
which is available under NMG’s profile on SEDAR at www.sedar.com
and on EDGAR at www.sec.gov.
About Nouveau Monde Graphite
Nouveau Monde Graphite is striving to become a key contributor
to the sustainable energy revolution. The Company is working
towards developing a fully integrated source of carbon-neutral
battery anode material in Québec, Canada, for the growing
lithium-ion and fuel cell markets. With enviable ESG standards, NMG
aspires to become a strategic supplier to the world’s leading
battery and automobile manufacturers, providing high-performing and
reliable advanced materials while promoting sustainability and
supply chain traceability. www.NMG.com
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Cautionary Note
All statements, other than statements of historical fact,
contained in this press release including, but not limited to those
describing market trends, commercial discussions and those
statements which are discussed under the “About Nouveau Monde”
paragraph and elsewhere in the press release which essentially
describe the Company’s outlook and objectives, constitute
“forward-looking information” or “forward-looking statements”
(collectively, “forward-looking statements”) within the meaning of
Canadian and United States securities laws, and are based on
expectations, estimates and projections as of the time of this
press release. Forward-looking statements are necessarily based
upon a number of estimates and assumptions that, while considered
reasonable by the Company as of the time of such statements, are
inherently subject to significant business, economic and
competitive uncertainties and contingencies. These estimates and
assumptions may prove to be incorrect. Moreover, these
forward-looking statements were based upon various underlying
factors and assumptions, including the current technological
trends, the business relationship between the Company and its
stakeholders, the ability to operate in a safe and effective
manner, the timely delivery and installation at estimated prices of
the equipment supporting the production, assumed sale prices for
graphite concentrate, the accuracy of any Mineral Resource
estimates, future currency exchange rates and interest rates,
political and regulatory stability, prices of commodity and
production costs, the receipt of governmental, regulatory and third
party approvals, licenses and permits on favorable terms, sustained
labor stability, stability in financial and capital markets,
availability of equipment and critical supplies, spare parts and
consumables, the various tax assumptions, CAPEX and OPEX estimates,
the Uatnan Mining Project permits’ status, all economic and
operational projections relating to the project, local
infrastructures, the Company’s business prospects and opportunities
and estimates of the operational performance of the equipment, and
are not guarantees of future performance.
Forward-looking statements are subject to known or unknown risks
and uncertainties that may cause actual results to differ
materially from those anticipated or implied in the forward-looking
statements. Risk factors that could cause actual results or events
to differ materially from current expectations include, among
others, those risks, delays in the scheduled delivery times of the
equipment, the ability of the Company to successfully implement its
strategic initiatives and whether such strategic initiatives will
yield the expected benefits, the availability of financing or
financing on favorable terms for the Company, the dependence on
commodity prices, the impact of inflation on costs, the risks of
obtaining the necessary permits, the operating performance of the
Company’s assets and businesses, competitive factors in the
graphite mining and production industry, changes in laws and
regulations affecting the Company’s businesses, political and
social acceptability risk, environmental regulation risk, currency
and exchange rate risk, technological developments, the impacts of
the global COVID-19 pandemic and the governments’ responses
thereto, and general economic conditions, as well as earnings,
capital expenditure, cash flow and capital structure risks and
general business risks. A further description of risks and
uncertainties can be found in NMG’s Annual Information Form dated
March 23, 2023, including in the section thereof captioned “Risk
Factors”, which is available on SEDAR at www.sedar.com 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.
Many of these uncertainties and contingencies can directly or
indirectly affect, and could cause, actual results to differ
materially from those expressed or implied in any 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. Forward-looking statements are provided for the purpose
of providing information about management’s expectations and plans
relating to the future. The Company disclaims any intention or
obligation to update or revise any forward-looking statements or to
explain any material difference between subsequent actual events
and such forward-looking statements, except to the extent required
by applicable law.
The market and industry data contained in this press release is
based upon information from independent industry publications,
market research, analyst reports and surveys and other publicly
available sources. Although the Company believes these sources to
be generally reliable, market and industry data is subject to
interpretation and cannot be verified with complete certainty due
to limits on the availability and reliability of raw data, the
voluntary nature of the data-gathering process and other
limitations and uncertainties inherent in any survey. The Company
has not independently verified any of the data from third-party
sources referred to in this press release and accordingly, the
accuracy and completeness of such data is not guaranteed.
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 regarding the Company is available in the
SEDAR database (www.sedar.com), and for United States readers on
EDGAR (www.sec.gov), and on the Company’s website at:
www.NMG.com
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230619704792/en/
MEDIA Julie Paquet VP Communications & ESG Strategy
+1-450-757-8905 #140 jpaquet@nmg.com INVESTORS Marc Jasmin
Director, Investor Relations +1-450-757-8905 #993
mjasmin@nmg.com
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