SAINT-MICHEL-DES-SAINTS, Québec, Sept. 16, 2019 (GLOBE NEWSWIRE) -- Nouveau Monde Graphite Inc. (“Nouveau Monde” or the “Corporation”) (TSX VENTURE: NOU) is proud to announce the arrival of new members to its Board of Directors and to its Matawinie Project team. In anticipation of the full commercial operation of the project, these additions significantly strengthen the skill set required to complete this project.
At the Board meeting held on September 12, 2019 in Montreal, Eric Desaulniers was appointed Chairman of the Board, Arne H. Frandsen, Deputy Chairman and Pierre Renaud, Lead Independant Director. Nouveau Monde welcomed Daniel Buron to its Board of Directors as a director, the latter providing significant financial expertise.
DANIEL BURON, DIRECTOR OF THE BOARD
With over 20 years of experience in the finance industry, Mr. Buron has held since 2004 the position of Senior Vice-President and Chief Financial Officer of Domtar, a Quebec paper company that is the third largest North American manufacturer of office paper. Mr. Buron previously held various finance positions within a large firm in the commercialization and development of IT tools and solutions as well as with a major international accountant firm. Holder of the Certified Professional Accountant designation, Mr. Buron obtained from Laval University a Bachelor of Commerce. Since then, he has served on several boards, including Norampac Inc. and the McGill University Health Center Foundation.
Patrice Boulanger has relinquished his seat on the Board of the company to join the management team as Vice-President Marketing, Business Development and R&D. Nouveau Monde Graphite also welcomed Sylvain Descombes as Vice-President Project, Mine and Concentrator and Eric Deslauriers as Procurement Manager. Their arrival complements the project management team already made up of Martine Paradis, Vice President, Chief Engineer Infrastructure and Environment, and Alain Dorval, Vice President, Metallurgy and Process Engineering.
SYLVAIN DESCOMBES, VICE-PRESIDENT PROJECT, MINE AND CONCENTRATOR
Sylvain Descombes is a mechanical engineer with 19 years of experience in the mining industry. In his first 10 years, he gained operational experience across all levels of management at Canada's largest open pit mine, the Mont-Wright iron mine in the Fermont area in Quebec. His career then led to engineering and construction management as part of development and expansion projects for mining and concentrating facilities in Canada and Liberia.
ERIC DESLAURIERS, PROCUREMENT MANAGER
Eric Deslauriers has over 17 years of supply experience. He began his career in the field of consulting engineering and gained experience in the various branches of procurement (Purchasing, Recovery and Contract Training). He has been involved mainly in Mining and Metals Projects (aluminum, iron and gold). After 10 years working in consulting engineering, he moved to the customer side at Iamgold and participated in engineering and construction projects where he gained experience in offshore mine site projects and developed a better understanding of the needs of remote sites.
Arne H. Frandsen, Co-Managing Partner of The Pallinghurst Group and Deputy Chairman of Nouveau Monde Board, commented, “Nouveau Monde has assembled a world class owner's team in the recent months. Quality of the people is the primary key success for executing on time and on budget a major project like Matawinie.”
Eric Desaulniers, president and CEO of Nouveau Monde added, “The lithium-ion market current growth is definitely a lifetime opportunity for our company, our employees and all local stakeholders. There is so much at stake, we can’t afford not having the best people at every level of our organisation to properly deploy our capital.”
The Board of Directors has granted a total of 2,700,000 stock options to officers, directors and an insider. These stock options are granted pursuant to the terms and conditions of the Corporation's stock option plan.
ABOUT NOUVEAU MONDE GRAPHITE
In 2015, Nouveau Monde Graphite discovered a major and high-quality graphite deposit on its Matawinie property, located in Saint-Michel-des-Saints, 150 km North of Montréal. This discovery led to the completion of a Feasibility Study, which revealed strong economics with projected graphite concentrate production level of 100,000 tonnes per year over a 26-year period. Nouveau Monde will operate its demonstration plant until 2020. During this period, the Corporation expects the production of 2,000 tonnes of concentrated flake graphite to qualify its products with North American and international clients.
Moreover, in a vertical integration and sustainable development perspective, Nouveau Monde is planning the establishment of a large-scale graphite secondary transformation facility, catering the needs of the booming lithium-ion battery and expandable graphite markets.
With over 60 years of experience in the world of graphite, Nouveau Monde’s team develops its project with the utmost respect of neighbouring communities, while favoring a minimal ecological footprint. Nouveau Monde’s project is privileged by direct access to the workforce and infrastructure needed to operate its mining project, and it can also rely on an abundant, affordable and renewable source of hydroelectricity.
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All statements, other than statements of historical fact, contained in this press release including, but not limited to generally, or the “About Corporation 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.
Further information regarding Corporation is available in the SEDAR database (www.sedar.com) and on the Corporation’s website at: www.nouveaumonde.ca.