At the Annual General and Special Meeting of Shareholders Nouveau Monde Graphite Inc. (NYSE: NMG) (TSX-V : NOU) (Frankfurt : NM9A) presented an update on its projects and corporate development and obtained approval of all Meeting items. The Company is rigorously executing its phased business plan as it strives to become the Western World’s largest, and North America’s only, fully integrated lithium-ion battery anode material producer.
Arne H Frandsen, Chairman of Nouveau Monde, commented: “What a transformative year this has been! From securing the environmental authorization for the Matawinie mining project and commercial partnership with Olin for the Bécancour battery material plant, to strengthening our sustainability commitment and elevating our visibility on capital markets, the progress made is substantial in all aspects of the Company. We are continuing to demonstrate how our de-risked development plan can support a scaled growth to help meet the exponential demand in high-quality battery anode material.”
With a projected 410% growth through 2030 – the strongest growth of the key battery raw materials (Benchmark Mineral Intelligence, January 2021) – graphite is critical to support the global electrification and energy transition. Nouveau Monde has continued to make progress towards the development of its vertically integrated business model with the objective of beginning commercial production by the end of 2023, in time for the projected graphite demand/offer imbalance.
Eric Desaulniers, Founder, President and CEO of Nouveau Monde, added “Thanks to our Phase-1 production units for every step of our value chain, the foundation for our projects is now solidly in place to support the next phase of our development aimed at commercial production. The initial steps in the construction of the Matawinie mining project have begun with the first ore expected in Q4-2023 while the definitive feasibility study for our 45,000-tpa Bécancour battery material plant advances in parallel. Through our recent financing, we have rallied top-tier institutional investors to our unique business model anchored in sustainability and our long-term growth vision, thus providing us with the funds needed to support this continued development.”
At the Meeting, management presented its 12-month roadmap for this development:
Matters Voted upon at the Meeting
The Company also announced the results of voting at the Meeting. Each of the nine nominees listed in the Company’s management information circular dated May 20, 2021 provided in connection with the Meeting were elected as directors of the Company.
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 Favour||% Votes in Favour||Votes Withheld||% Votes Withheld|
|Arne H Frandsen||15,911,616||99.38||%||98,853||0.62||%|
APPOINTMENT AND COMPENSATION OF AUDITORS
|Votes in Favour||% Votes in Favour||Votes Withheld||% Votes Withheld|
RATIFICATION AND CONFIRMATION OF THE COMPANY’S STOCK OPTION PLAN
|Votes in Favour||% Votes in Favour||Votes Against||% Votes Against|
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 Nouveau Monde’s profile on SEDAR at www.sedar.com and on EDGAR at www.sec.gov.
About Nouveau Monde
Nouveau Monde is striving to become a key contributor to the sustainable energy revolution. The Company is working towards developing a fully integrated source of green battery anode material in Québec, Canada. Targeting commercial operations by 2023, the Company is developing advanced carbon-neutral graphite-based 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 automobile manufacturers, providing high performing and reliable advanced materials while promoting sustainability and supply chain traceability.
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We acknowledge the [financial] support of the Government of Canada.