Nouveau Monde Graphite (NMG) Update - April 20

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NMG will be hosting our next Houston luncheon on May 9

Caterpillar and NMG Strengthen their Zero-Exhaust Emission Collaboration Through Definitive Agreements for Sourcing the Matawinie Mine’s Fleet and Infrastructure, Plus an Offtake MoU Targeting NMG’s Battery Materials

On the foundation of their 2021 collaboration agreement and of technical work achieved together over the past two years, Nouveau Monde Graphite and Caterpillar have signed definitive agreements to supply NMG’s Matawinie Mine with an integrated solution that covers a zero-exhaust emission fleet, supporting infrastructure, and service. Caterpillar is set to be NMG’s supplier of heavy mining equipment, supporting the progressive transition from traditional models to Cat® zero-exhaust emission machines as they become available.

Moreover, NMG and Caterpillar have signed a non-binding memorandum of understanding to advance commercial discussions targeting NMG’s active anode material. Through this offtake MoU, a full circular value chain could be established whereas NMG would supply carbon-neutral graphite materials to Caterpillar for the development of its secure, resilient, and sustainable battery supply chain that would serve to electrify heavy vehicles, including NMG’s Matawinie fleet.

HIGHLIGHTS
> Caterpillar to develop an integrated solution covering a zero-exhaust emission fleet, infrastructure, and services for NMG’s Matawinie Mine
> Definitive agreements underpinned by the 2021 collaboration agreement now frame the deployment of technology, testing collaboration, as well as procurement of fleet and infrastructure
> Offtake MoU signed to explore opportunities for NMG to supply carbon-neutral graphite materials to Caterpillar for the development of its secure, resilient, and sustainable battery supply chain
> Through this industry-leading collaboration, NMG’s Matawinie Mine is set to become the world’s first all-electric open-pit mine and a technological showcase site

“Not only will we benefit from Caterpillar’s stellar expertise, renowned products, and latest technological developments, but our team will also be at the forefront of the electric revolution in the sector, sharing insight, testing equipment for further optimization, and providing battery materials to support electrification beyond our mine. This collaboration truly reflects our vision for leadership and unified efforts to advance responsible mining practices and global decarbonization. I salute the commitment of Denise and Caterpillar’s team, without which our ambition would not have materialized so efficiently.” - Eric Desaulniers, President & CEO