NOUVEAU MONDE'S INTEGRATED BATTERY ANODE MATERIAL OUTPERFORMS LEADING COMMERCIAL PRODUCERS
Eric Desaulniers, President & CEO, states, "The last few years of dedication to R&D and to forging partnerships with the leading research and battery anode experts is now allowing us to bring to market a high-quality ready-for-market battery anode material that compares very favorably with the established Asian supply chain. We will be able to respond to clients needs based on scale, cost-competitiveness, carbon-neutrality and product quality and performance efficiency."
Furthermore, Arne H.Frandsen, Chairman of Nouveau Monde, commented: "This is an important announcement, confirming both the high quality of our anode product as well as our ability to produce those critical battery raw materials. With our substantial resource base in Quebec and integrated value-chain, Nouveau Monde is well set to become a global leader in the supply of anode materials for decades to come".
To confirm product quality and performance, NMG's CSPG was benchmarked against the leading Asian commercial anode material that currently dominate the lithium-ion supply chain. A series of electrochemical tests revealed that under the same conditions in half button cell batteries, the reversible capacity (a measure of the energy density for performance) obtained with NMG's anode material is 365 mAh/g compared with 360 mAh/g for the leading Asian standards. Importantly, the coulombic efficiency for the first cycle was similar for both products and within industry specifications. Further, the broader market minimum specification for reversible capacity is well below at only 350 mAh/g, highlighting the market opportunity for Nouveau Monde.
Figure 1: Nouveau Monde's coated anode material outperforms leading peersThe importance of coating to Nouveau Monde In a lithium-ion battery, coating is used to:
- form a stable and passive carbon barrier around the high-purity spheronised graphite, which prevents the electrolyte from penetrating into the graphite and creates a stable electrolyte interface layer; and
- increase first cycle efficiency by decreasing the specific surface area of the particles, reducing the loss of lithium within the electrolyte interface.
Coating is considered the last value-added production step and will allow Nouveau Monde to provide high purity, battery grade anode material for the rapidly growing electric vehicle and renewable energy storage industries, securing significantly higher margins and cash flow for our shareholders.
Figure 2: Increased margins through the value-added processForge Nano's ALD coating will enhance performance of current carbon coated anode material
On October 6, 2020 Nouveau Monde announced a collaborative agreement between the Company and the US-based high-tech company Forge Nano for the use of advanced coating technologies to enhance the performance of Nouveau Monde's carbon coated anode material. Eric Desaulniers explains: "Now that we have developed a process that is scalable, low cost and proven based on the known carbon coating technologies, we are working closely with our partner at Forge Nano's with their state-of-the art ALD coating to significantly improve anode material quality above what is currently available in the market. The ALD coating that Forge Nano will provide will be added on top of our coated product, creating a premium anode material for specific customers. Through Nouveau Monde, potential clients will have the ability to purchase our industry-standard anode material or an enhanced superior anode material for more performance driven applications."
On October 22, 2020, Roskill, an expert research and consultancy firm focused on the metals, minerals and chemicals industries, commented on Nouveau Monde and shared their insight into the market for coated product: "The addition of coatings creates even higher potential for profit from spherical graphite. Only a limited number of producers currently carry out battery material coating processes, which require a high level of knowledge and experience and has traditionally taken place in Japan and, more recently, South Korea, using proprietary production methods. Chinese spherical graphite producers have now also begun to develop coatings, mainly for supply to the domestic market.
The average value of Chinese imports of (mostly coated) spherical graphite was US$7,157/t in 2019 but prices vary widely depending on the type of coating, as requested by the consumer and determined by the final battery application. China's monthly average value of imports ranged from a low of US$4,068/t to a high of US$22,965/t in 2019."
About Nouveau Monde
Nouveau Monde will be a key operator in the sustainable energy revolution. The Company is developing the only fully integrated source of green battery anode material in the Western World. Targeting full scale commercial operations by early 2023, the Company will provide advanced carbon-neutral graphite-based material solutions to the growing lithium-ion and fuel cell markets. With low-cost operations and the highest of ESG standards, Nouveau Monde will become a strategic supplier to the world's leading battery and auto manufacturers, ensuring robust and reliable advanced material, while guaranteeing supply chain traceability.
Media Investors Julie Paquet Director, Communications Nouveau Monde +1 450-757-8905 (#140)firstname.lastname@example.org Christina Lalli Director, Investor Relations Nouveau Monde +1 email@example.com ?
Subscribe to our news feed: http://nouveaumonde.ca/en/support-nmg/Cautionary Note Regarding Forward-Looking InformationAll statements, other than statements of historical fact, contained in this press release including, but not limited to (i) the positive impact of the foregoing on project economics, (ii) increased margins through NMG's value-added process and ?(iii)??generally, or the "About Nouveau Monde Graphite" paragraph which essentially describe the Corporation's outlook and objectives, constitute "forward-looking information" or "forward-looking statements" within the meaning of certain 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 Corporation 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. 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 Corporation 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. 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 Corporation is available in the SEDAR database (www.sedar.com) and on the Corporation's website at: www.NouveauMonde.ca
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