Nouveau Monde Graphite (NMG) Update - June 8

Nouveau Monde Graphite (NMG) Update - June 8

Postby dan_s » Tue Jun 08, 2021 8:35 am

Progress Report for Phase 1 and Phase 2 of Nouveau Monde’s Bécancour Battery Anode Material Plants

HIGHLIGHTS

Nouveau Monde is pleased to report continued progress on its Phase 1 purification plant at Olin Corporation’s facility in Bécancour, Québec, the development is on time and within budget
Commencement of the mechanical and electrical commissioning of the purification unit is scheduled for the end of June with the ramp-up scheduled during second half of 2021
Spherical purified graphite produced in the Company’s plant during H2-2021 will be coated at its supplier facility to accelerate its qualification process with battery makers
Construction of the Company’s Phase 1 coating line has commenced and is expected to be commissioned in Q1-2022 facilitating its vertically integrated 2,000 tpa supply of coated spherical purified graphite
Engineering firm BBA has been awarded the mandate to complete a definitive feasibility study for the 45,000 tpa Phase 2 Bécancour battery anode plant, building on the company’s FEL-1 Scoping study
Ground works have started at the Company’s 200,000 m2
plant site at Bécancour, on which the Phase 2 plant will be located, including geotechnical works for construction and environmental baseline studies

Arne H Frandsen
Chairman

“We are very pleased to be commencing the commissioning of our Phase 1 plant this month. With COVID-19 still being a limiting factor, I am proud of our team’s ability to deliver this important project ‘on budget and on time’! With other battery material providers also selecting Bécancour as their location for beneficiation of battery material, Bécancour is rapidly becoming one of North America’s most important battery hubs.”

NMG is now trading on the NYSE
Dan Steffens
Energy Prospectus Group
dan_s
 
Posts: 25564
Joined: Fri Apr 23, 2010 8:22 am

Re: Nouveau Monde Graphite (NMG) Update - June 8

Postby dan_s » Tue Jun 08, 2021 8:55 am

In 2020, natural gas exports and natural gas for electricity reached record highs . U.S. Energy Information Administration .
In 2020, both natural gas consumption by the U.S. electric power sector and natural gas exports reached record highs, despite a 2% annual decline in domestic dry natural gas production. Dry natural gas production doesn’t include natural gas plant liquids (NGPL), such as ethane and propane. In 2020, NGPL production grew to a record-high 2.7 trillion cubic feet (Tcf), up 7% from 2019. < Yet we still had to drain propane inventories.
Dan Steffens
Energy Prospectus Group
dan_s
 
Posts: 25564
Joined: Fri Apr 23, 2010 8:22 am


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