Nouveau Monde’s Matawinie graphite project is in the permitting process
The company has developed a proprietary thermochemical purification technology that it says is very effective at purifying larger particle sizes and will allow it to produce high-purity, carbon-neutral graphite flakes.
“After four years of technological development, modelling and lab tests with the best universities, engineering firms and international experts, we are enthusiastic at developing our first commercial-scale purification capacity with the support of one of the most respected chemical companies in the world,” said Eric Desaulniers, president and CEO of Nouveau Monde, in a release. “We have found in Olin, a leading supplier driven by the same values of safety, innovation and environmental stewardship.”
Nouveau Monde says it expects to generate positive free operating cash flow from the production of purified advanced materials for high-growth markets, including lithium-ion batteries, fuel cells and 5G heat dissipation foils. The pilot plant, which will consist of two scalable purification furnaces, will be able to produce 1,500 tonnes of purified battery-grade graphite per year.
The company has also secured 200,000 sq. metres of land adjacent to Olin’s facilities as a space to build its commercial-scale plant in the future. The space is in an industrial park, with access to rail, port and road infrastructure as well as hydroelectric power. A first phase would target initial production of 40,000 tonnes per year of anode material, with the possibility to expand to 100,000 tonnes per year. Nouveau Monde expects to complete a feasibility study for the plant in 2021.
The company also announced a partnership with Forge Nano earlier this month, allowing it access to Forge’s proprietary spherical graphite technology.
Nouveau Monde’s Matawinie graphite project is in the permitting process; the project’s West Zone Trench hosts C59.8 million tonnes of indicated mineral resources grading 4.35% graphitic carbon.
Midday Tuesday, Nouveau Monde’s stock was up 15% on the TSXV. The company has a C$98 million market capitalization.
(This article first appeared in the Canadian Mining Journal)
