As a world premiere, Nouveau Monde signed a collaboration
- New World and Caterpillar have signed an agreement under which Caterpillar will develop, test and produce Cat® “Zero emission machines” for the Matawinie graphite mining project in Saint-Michel-des-Saints, Quebec, Canada
- Collaboration between companies focuses on Nouveau Monde’s goal of fully supplying the site with renewable energy with zero carbon footprint
- New World and Caterpillar commit to supporting the mining industry’s evolution towards a more sustainable future
- The all-electric fleet planned by Nouveau Monde will be supplemented by its access to clean hydroelectricity at an attractive price.
- New World is on track to provide its potential customers with high quality, environmentally friendly and carbon neutral battery anode material.
MONTREAL, June 22, 2021 (GLOBE NEWSWIRE) – Nouveau Monde Graphite Inc. (“Nouveau Monde” or the “Company”) (NYSE: NMG, TSXV: NOU; Frankfurt: NM9A) and Caterpillar Inc. (“Caterpillar”) ( NYSE: CAT) are pleased to announce that they have signed an agreement under which Caterpillar will develop, test and produce Cat® “Zero emission machines” for the Matawinie graphite mine with a view to becoming the exclusive supplier of an all-electric mining fleet to be deployed at the Matawinie mine in Nouveau Monde by 2028.
New World President Arne H Frandsen said: “I remember our first meeting with Caterpillar about two years ago, describing our vision for a zero emission mine in Quebec. Our commitment to this vision has brought us to this very important moment, not only for New World, but for the global mining industry as a whole. Today, alongside Caterpillar, which I believe is the world’s most trusted and trusted supplier of mining equipment, we can bring the zero emission machines vision in reality.
I think it’s remarkable that New World, as a representative of the new green resource industry, is spearheading the electrification of the industry, working with Caterpillar.
Eric Desaulniers, Founder, Chairman and CEO of Nouveau Monde, added: “We pride ourselves on being a driving force for our peers as we strive to electrify our operations to meet our carbon neutrality commitments while maintaining productivity and efficiency standards in our mining operations. What’s even more rewarding and important to our corporate mission is that our project can serve as a springboard for the future of the mining industry by working with Caterpillar on these advanced technologies.
Seeking to accelerate and adapt equipment development, Caterpillar will engage with the New World team to integrate the voice of the customer throughout development and to test the fleet and zero emission infrastructure prior to commercial production. .
Denise Johnson, President of the Caterpillar Group, said: “The collaboration between Caterpillar and New World marks an important milestone in the mining industry. With integrated technology, machinery and services, the entire Caterpillar team is proud to support Nouveau Monde in its efforts to build and establish its first zero-emission mine.
About New World
Nouveau Monde is striving to become a key contributor to the sustainable energy revolution. The Company is working on the development of a fully integrated source of green battery anode material in Quebec, Canada. Targeting commercial operations by 2023, the Company is developing advanced carbon neutral graphite material solutions for the growing lithium-ion and fuel cell markets. With low cost operations and enviable ESG standards, Nouveau Monde aspires to become a strategic supplier to the world’s leading battery and automotive manufacturers, providing advanced materials with high performance and reliability while promoting the durability and traceability of the supply chain.
With sales and revenues of $ 41.7 billion in 2020, Caterpillar Inc. is the world’s leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. Since 1925, we’ve been promoting sustainable progress and helping our customers build a better world through innovative products and services. Throughout the product lifecycle, we provide services based on cutting-edge technology and decades of product expertise. These products and services, backed by our global dealer network, provide exceptional value to help our customers succeed. We operate on all continents, primarily through three main segments – Construction Industries, Resource Industries, and Energy and Transportation – and provide finance and related services through our Financial Products segment. Visit us at caterpillar.com or join the conversation on our social media channels at caterpillar.com/social-media.
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Caution regarding forward-looking information
All statements, other than statements of historical fact, contained in this press release, including, but not limited to, statements regarding the expected results of the agreement with Caterpillar, the Company’s objective of feed the Matawinie mine with zero carbon footprint renewable energy and providing its potential customers with a high quality, green and carbon neutral battery anode material, the timing of the initiatives described in this press release, and the statements which are discussed in the sections “To About Nouveau Monde ”and“ ”About Caterpillar” and elsewhere in the press release which primarily describe the prospects and objectives of the Company, constitute “forward-looking information” or “forward-looking statements” within the meaning of certain laws on the Company. securities, and are based on expectations, estimates and projections at the time of this press release. Forward-looking statements are necessarily based on a number of estimates and assumptions which, although considered reasonable by the Company at 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 inaccurate. In addition, these forward-looking statements were based on various underlying factors and assumptions, including the on-time delivery and installation of equipment supporting production, the Company’s business prospects and opportunities, and performance estimates. operation of the equipment, and are not guarantees of future performance.
Forward-looking information and statements are subject to known or unknown risks and uncertainties which may cause actual results to differ materially from those anticipated or implied in the forward-looking information and statements. Risk factors that could cause actual results or events to differ materially from current expectations include, among others, delays in expected delivery times of equipment, the Company’s ability to successfully implement its strategic initiatives and whether these strategic initiatives will produce the expected results employee benefits, the availability of financing or financing on favorable terms for the Company, dependence on commodity prices, the impact of inflation on costs, risks of obtaining the necessary permits, operational performance of the Company’s assets and businesses, competitive factors in the graphite mining and production industry, changes in laws and regulations affecting the activities of the Company. Society, political and social acceptability risk, environmental regulatory risk, currency risk and exchange rates, technological developments, impacts of the global COVID-19 pandemic and government responses to it, and general economic conditions, as well as earnings, capital expenditures, treasury and cash risks. capital structure and general business risks. Unpredictable or unknown factors not addressed in this cautionary statement 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 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 for the future. The Company disclaims any intention or obligation to update or revise any forward-looking statements or to explain any material differences between subsequent actual events and such forward-looking statements, except to the extent required by applicable law.
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 relating to the Company is available in the SEDAR database (www.sedar.com) and on the Company’s website at: www.NouveauMonde.group
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