DGAP-News

AS A WORLD FIRST, NOUVEAU MONDE COMMITS TO ALL-ELECTRIC FLEET FOR SUSTAINABLE OPEN-PIT MINING & INVITES MANUFACTURERS FOR PRE-QUALIFICATION

DGAP-News: Nouveau Monde Graphite / Key word(s): Sustainability AS A WORLD FIRST, NOUVEAU MONDE COMMITS TO ALL-ELECTRIC FLEET FOR SUSTAINABLE OPEN-PIT MINING & INVITES MANUFACTURERS FOR PRE-QUALIFICATION 24.11.2020 / 09:00 The issuer is solely responsible for the content of this announcement. - As a world first for open-pit mining, Nouveau Monde is committed to the exclusive use of all-electrical equipment and vehicles as it develops and expands its mining operations

- A substantial fleet of an initial 60 vehicles will be commissioned. The selection process for the all-electrical equipment will focus on efficiency, duability, performance and ability to recycle the equipment

- Based in Québec, Canada, Nouveau Monde will benefit from the 100% use of green hydro-generated electricity to power its equipment and vehicles

- Nouveau Monde will also benefit from the implementation of Québec's electrification strategy with incentives for economic development in this growth sector

- Nouveau Monde is leading the way on sustainable mining through its carbon-neutrality commitment to cater responsibly sourced and transformed battery materials to EV and renewable energy storage manufacturers

 

MONTREAL, CANADA, November 24, 2020 - Set to become the world's first all-electric open-pit mine, Nouveau Monde Graphite ("Nouveau Monde" or "the Company") (TSXV: NOU; OTCQX: NMGRF; Frankfurt: NM9) is advancing its procurement process for its fleet and charging infrastructure through an international call for pre-qualification. Yet another step towards achieving its carbon-neutrality vision, adopting an all-electric operating model provides tremendous environmental benefits as well as long-term savings for the Company thanks to Québec's clean and affordable hydropower.

Following work by its International Task Force Committee, Nouveau Monde has explored technologies, best practices and operational parameters to bring its vision to life in a cost-effective and technologically advanced way. Discussions with manufacturers have already enabled to identify existing machinery in development and/or available, notably for the ancillary fleet where purchasing agreements are being finalized.