Construction Commenced of Phase 1 Purification Facility for Lithium-ion Battery Material in Bécancour and the Land for Phase 2 Expansion is now Successfully Acquired

Nouveau Monde is making significant progress on the advancement of its previously announced Phase 1 purification operation at Olin Corporationa??s facility in BA©cancour, QuA©bec

Olina??s move-in ready space has proven advantageous in accelerating preparation and construction times

Key major equipment has arrived from Italy and will be installed shortly

Commissioning and first production of Nouveau Mondea??s high-purity spheronised and flake graphite for use in lithium-ion batteries is scheduled to commence mid-2021

Successful completion of the strategic acquisition of the 200,000-mA? land for the Phase 2 expansion (commercial stage) in the BA©cancour industrial park

This important milestone further cements Nouveau Mondea??s vertical integration model, allowing the Company to benefit from full exposure to the entire a??mine-to-marketa?? battery materials value chain

Besides lithium-ion batteries, Nouveau Mondea??s high-purity graphite products will target high-growth markets such as fuel cells, and 5G heat dissipation foils

MONTRA?AL, Jan. 21, 2021 (GLOBE NEWSWIRE) -- Nouveau Monde Graphite inc. (a??Nouveau Mondea?? or the a??Companya??) (TSXV: NOU; OTCQX: NMGRF; Frankfurt: NM9) is pleased to provide an update on the buildout of the Phase 1 operation at its move-in ready space located in BA©cancour, QuA©bec (referred to as a??BEC1a??). The Company is targeting mid-2021 for the commencement of production of the first tonnes of high-purity spherical graphite destined for the high-growth EV and renewable energy sectors. Once fully ramped up, the nameplate capacity of Phase 1 will be 1,500 tonnes per annum of purified material produced using the first two state-of-the-art commercial-scale modules. The Company intends to use this initial production to advance its qualification process with major battery makers with the objective to secure long-term supply agreements.Eric Desaulniers, President and CEO of Nouveau Monde: a??The commercialisation of our thermochemical purification process is a very important milestone for the Company. To date, we have been able to ship a limited number of kilograms to potential clients, however our Phase 1 operation will allow us to send our customers tonnes of our advanced material. Wea??re excited but remain clear-headed and focused on the end goal of becoming a tier-1 supplier of anode material for lithium-ion batteries.a??Arne H. Frandsen, Chairman of Nouveau Monde continuedA : a??I am delighted with the progress and achievements to date. The strategic purchase of the adjacent land for our Phase 2 expansion, is likewise of great importance. It will now allow Nouveau Monde to grow the production within the BA©cancour industrial park, allowing for a safe and cost-efficient expansion of our anode material productiona??.Key advancements at Phase 1

Since the beginning of January 2021 this year, Nouveau Monde has been present at Olina??s facility on a daily basis and is pleased with the pace of advancement of the Phase 1 work.

The transformer-rectifier ordered from Friem in Italy in December 2019 successfully completed a full year of extensive testing. It has been shipped from Italy on January 3, 2021 and arrived at the Port of Montreal on January 17. It is scheduled to be delivered onsite in BA©cancour on January 22. All preparatory work related to its installation is expected to be be completed by the end of February.

Upgrades to the flooring of BEC1, began on January 5 and pouring of concrete is scheduled to begin next week.

The installation of the exterior walls of the two modular furnaces is scheduled to begin in February.

Bus bars (electrical conductors) are being manufactured and their installation is scheduled to be completed in February.

Equipment orders are more than 95% complete, with the majority of deliveries expected for February and March; critical items related to gas treatment and handling of chlorine and graphite are expected to arrive onsite in April and May, ahead of the planned start-up of the furnaces in late June.

Detailed engineering is expected to be completed before the end of January for mechanical, piping and electrical installation in order to obtain bids and start construction in March, as planned.

The control room and office are expected to be installed in early February.

The Company will continue to update the market on its social media platforms and website as the construction continues to advance.
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