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Nouveau Monde Graphite Inc. (NOU.V)

TSXV - TSXV Real Time Price. Currency in CAD
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0.2050+0.0050 (+2.50%)
As of 2:57PM EDT. Market open.
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Previous Close0.2000
Open0.1950
Bid0.2000 x N/A
Ask0.2050 x N/A
Day's Range0.1950 - 0.2050
52 Week Range0.1250 - 0.2700
Volume190,375
Avg. Volume152,917
Market Cap55.257M
Beta (5Y Monthly)1.48
PE Ratio (TTM)N/A
EPS (TTM)-0.0300
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • Nouveau Monde’s Research & Development Consortium Advances its Carbon-Neutral Battery Anode Program
    GlobeNewswire

    Nouveau Monde’s Research & Development Consortium Advances its Carbon-Neutral Battery Anode Program

    Nouveau Monde Graphite, well positioned to supply the Western World. Nouveau Monde Graphite, well positioned to supply the Western World. * Nouveau Monde’s R&D consortium, led by Professor Lionel Roué of the Institut national de la recherche scientifique, advances its proprietary lithium-ion battery anode program with an important technological breakthrough * Nouveau Monde is developing the western world’s largest and most sustainable supply of carbon-neutral battery anode material for the global EV industrySAINT-MICHEL-DES-SAINTS, Quebec, Sept. 21, 2020 (GLOBE NEWSWIRE) -- Battery anode and specialty applications company, Nouveau Monde Graphite (“Nouveau Monde” or “the Company”) (TSXV: NOU; OTCQX: NMGRF; Frankfurt: NM9) is pleased to announce that its research and development consortium, led by Professor Lionel Roué of the Institut national de la recherche scientifique (“INRS”), has made significant advancements in the development of its lithium-ion (“Li-ion”) battery anode material. The team has made an important breakthrough in silicon-enhanced anode material with improved specific capacity and longer cycle life – and in doing so, has further optimised the planned production process and profitability, with demonstrated commitment to sustainability.Nouveau Monde is continuing research, development, and commercialization of its advanced battery anode solutions for the rapidly accelerating electric vehicle and energy storage markets. Nouveau Monde is working with world renowned experts in North America, Europe and Asia to optimise anode material particle design and process flow. Successful tests have been completed and Nouveau Monde is currently progressing the detailed engineering and procurement for its integrated battery anode material process, with commissioning of the demonstration facility scheduled for mid-2021. Nouveau Monde’s proprietary sustainable transformation process limits usage of chemical additives and leverages Quebec’s clean hydropower to ensure green and responsible production.Eric Desaulniers, President and CEO, states, “We will provide to industry-leading battery and automakers a carbon-neutral anode material that complies with the strictest performance specifications, in meaningful quantities at low-cost – we will do so with the highest standards of ESG while ensuring supply chain traceability.”Industry Breakthrough This grant highlights the benefit of the partnership with Dr. Lionel Roué’s team at INRS; the optimisation of Nouveau Monde’s battery anode material production line is expected to significantly increase the Company’s profitability. The cutting-edge practices that Dr. Roué and Nouveau Monde have developed considerably increases fine graphite recoveries and uses silicon to form a high-value secondary particle, useable as an active Li-ion battery anode material. Nouveau Monde’s graphite particles and binder will be used as a swelling buffer for silicon nanospheres. The resulting composite will have improved specific capacity and longer cycle life, which addresses shortfalls normally associated with silicon. In addition, the smaller graphite particles are more suitable for fast charging applications.Arne H. Frandsen, Chairman of Nouveau Monde, said, “This important technological innovation where we recycle a traditional by-product into a high-value anode material will have the potential of significantly increasing Nouveau Monde’s profitability. It also demonstrates our strong R&D capabilities within battery materials as well as an unwavering focus on sustainability and zero-carbon footprint.”Silicon-enhanced graphite anode material is expected to play a growing role to increase the capacity of the Li-ion battery. Nouveau Monde is committed to staying at the forefront of technology and working with its potential clients – its R&D team is already designing advanced graphite-based products where the interaction between graphite and silicon is well optimized. Dr. Roué and his team are recognized as world experts in this field having active collaboration with industry leaders such as SAFT, Renault and HPQ Silicon.In recognition of its leading innovation, the Canadian Government has provided Nouveau Monde with a grant to optimise this technology. This follows a formal evaluation by the Natural Sciences and Engineering Research Council of Canada (“NSERC”) and demonstrates the leadership and support of the Government to establish Quebec at the forefront of electrification in North America.Electric Vehicle Market Perspectives The electric vehicle revolution continues to accelerate globally. Europe’s electric vehicle sales in 2020 have already exceeded those for the entire year in 2019 and are rapidly approaching those of the largest market, China. At the same time, the push for a reliable and environmentally-friendly supply chain outside of China continues – Nouveau Monde will be an important supplier to this market, providing carbon-neutral anode material, entirely underpinned by Quebec’s hydropower.In addition, the market opportunity for Nouveau Monde in North America is significant. The number of planned battery cell and electric vehicle plants continues to grow in North America and Nouveau Monde is optimally located to be the key anode supplier for this burgeoning industry, as shown below.With access to Quebec’s cheap hydropower, industry expertise and well-established infrastructure, as well as strong support from the Government and institutional shareholders, Nouveau Monde provides investors with an attractive opportunity to sustainably leverage the global electric vehicle revolution. Professor Lionel Roué Biography Dr. Roué of the INRS Énergie Matériaux Télécommunications (Energy Materials Telecommunications \- EMT) Research Centre has developed a scientific program focused on the study of new electrode materials for various applications of industrial interest (batteries, aluminium production, etc.).  In recent years, a significant part of his research activities has been devoted to the study of Si anodes for Li-ion batteries and the development of in-situ characterization methods applied to batteries. He is the author of more than 150 publications, including twenty articles and two patents on Si-based anodes for Li-ion batteries. Dr. Roué was awarded the Energia Prize by the Quebec Association for the Mastery of Energy for his work in this field.About the Institut national de la recherche scientifique (INRS) INRS is a university dedicated exclusively to graduate level research and training. Since its creation in 1969, INRS has played an active role in Quebec’s economic, social, and cultural development and is ranked first for research intensity in Quebec and second in Canada. INRS is made up of four interdisciplinary research and training centres in Quebec City, Montreal, Laval, and Varennes, with expertise in strategic sectors: Eau Terre Environnement, Énergie Matériaux Télécommunications, Urbanisation Culture Société, and Armand-Frappier Santé Biotechnologie. The INRS community includes more than 1,400 students, postdoctoral fellows, faculty members, and staff.About Nouveau Monde Graphite Nouveau Monde Graphite is set to become a key operator in the sustainable energy revolution. The Company is developing the only fully integrated source of green battery anode material outside of China. Targeting full scale commercial operations by early 2023, the Company will provide advanced carbon-neutral graphite-based material solutions to the growing Lithium-ion and fuel cell markets. With low-cost operations and the highest of ESG standards, Nouveau Monde Graphite will become a strategic supplier to the world’s leading battery-- and automakers, ensuring robust and reliable advanced material, while guaranteeing supply chain traceability.MediaInvestors Julie Paquet Director, Communications 450-757-8905 140 jpaquet@nouveaumonde.caChristina Lalli Director, Investor Relations 438-399-8665 clalli@nouveaumonde.ca Subscribe to our news feed: http://nouveaumonde.ca/en/support-nmg/Cautionary Note Regarding Forward-Looking InformationAll statements, other than statements of historical fact, contained in this press release including, but not limited to the issuance of Common Shares to its employees in settlement of the unpaid wages related to the COVID-19 pandemic and, generally, the “About Nouveau Monde Graphite” paragraph which essentially describes Nouveau Monde’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 Nouveau Monde 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. Nouveau Monde 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. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Further information regarding Nouveau Monde is available in the SEDAR database (www.sedar.com) and on Nouveau Monde’s website at: www.NouveauMonde.caA photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/eb236173-ff58-426b-b20b-e0c1cf9a6a6d

  • GlobeNewswire

    Nouveau Monde Reorganizes Its Board of Directors

    SAINT-MICHEL-DES-SAINTS, Quebec, Sept. 01, 2020 (GLOBE NEWSWIRE) -- Following the renewal of its Directors’ mandate, Nouveau Monde Graphite (“Nouveau Monde” or the “Corporation”) (TSXV: NOU; OTCQX: NMGRF; Frankfurt: NM9) announces role changes at its Board of Directors to guide its corporate development strategy. Arne H. Frandsen, co-founder of Pallinghurst, will serve as Chairman of the Board of Directors, and Daniel Buron, Senior Vice President and Chief Financial Officer at Domtar, will serve as Lead Independent Director and Chairman of the Audit Committee. Eric Desaulniers, President and Chief Executive Officer of Nouveau Monde, comments: “Our Board benefits from the rich expertise of its Directors in areas such as investment, mining development, business administration, intellectual property, environmental law and sustainable development. The leadership of Mr. Frandsen and Mr. Buron will enable us to enhance our governance and optimize our capital portfolio for the Corporation's next key milestones.”Issuance of Common Shares In parallel, Nouveau Monde announces the issuance of an aggregate of 1,037,587 common shares of its share capital (the “Common Shares”) at a price of $0.20 per Common Share, for an aggregate amount of $207,517.40, to 31 of its employees in settlement of an unpaid portion of wages that corresponds to a proactive capital management measure put in place temporarily in response to the COVID-19 pandemic.Faced with the advent of COVID-19 and drastic measures to suspend non-essential economic activities, Nouveau Monde reached an agreement in writing at the end of March, 2020 with each of the said employees to reduce their wages by 20%. This wage reduction spanned fourteen weeks, after which the Board of Directors of Nouveau Monde decided, in order to thank the employees for their support, to issue the Common Shares in settlement of the wage reduction.“Our employees represent assets of prime importance for the realization of our projects,” explains Desaulniers. “It is important to recognize their collaboration through this period of extremely rare economic downturn and to offer attractive and respectful employment conditions in order to continue our growth.”The issuance of the Common Shares was conditionally approved by the TSX Venture Exchange and will be subject to a hold period of 4 months plus one day.The settlement of wage reduction in the form of Common Shares of Nouveau Monde takes place in particular in favour of Mr. Eric Desaulniers (for an amount of $8,750, or 43,750 Common Shares), President and Chief Executive Officer of Nouveau Monde, Mr. Charles-Olivier Tarte (for an amount of $8,750, or 43,750 Common Shares), Chief Financial Officer of Nouveau Monde, and Me Virginie Fortin (for an amount of $8,750, or 43,750 Common Shares), Corporate Secretary of Nouveau Monde, which constitutes a “related party transaction” within the meaning of Regulation 61-101 respecting protection of minority security holders in special transactions (“Regulation 61-101”) and within the meaning of Policy 5.9 of the Stock Exchange – Protection of Minority Securities Holders in Special Transactions. However, the directors of Nouveau Monde who voted have determined that exemptions from the formal valuation and minority approval requirements provided for in sections 5.5 (a) and 5.7 (1) (a) of Regulation 61-101 respectively may be invoked as neither the fair market value of the Common Shares issued to these insiders nor the fair market value of the consideration paid does not exceed 25 % of the market capitalization of Nouveau Monde. No director of Nouveau Monde has expressed a contrary opinion or disagreement in connection with the foregoing.A material change report relating to this transaction with a related party will be filed by Nouveau Monde no later than 21 days prior to the date on which the Common Shares are expected to be issued as the conditions of participation of unrelated persons, on the one hand, and related persons, on the other hand, in connection with the issuance of the Common Shares were not determined.The Board of Directors has also granted a total of 6,325,000 stock options to officers and directors. These stock options are granted pursuant to the terms and conditions of the Corporation’s stock option plan.ABOUT Nouveau Monde GraphiteNouveau Monde Graphite is developing the Matawinie graphite mining project, located in Saint-Michel-des-Saints, 150 km north of Montréal, QC. At the end of 2018, Nouveau Monde published a Feasibility Study which revealed strong economics with projected graphite concentrate production of 100,000 tonnes per year, with an average concentrate purity of 97%, over a 26-year period. Currently, Nouveau Monde operates a demonstration plant where it produces concentrated flake graphite, which is being sent to potential North American and international clients for the qualification of its products. In a perspective of vertical integration within the electrical vehicle market, Nouveau Monde is planning a large-scale secondary graphite transformation facility, catering to the needs of the booming lithium-ion battery industry. Dedicated to high standards of sustainability, the Matawinie graphite project will be the first of its kind to operate as an all-electric, low-carbon mine.MediaInvestors Julie Paquet Director, Communications 450-757-8905 140 jpaquet@nouveaumonde.caChristina Lalli Director, Investor Relations 438-399-8665 clalli@nouveaumonde.ca Subscribe to our news feed: http://nouveaumonde.ca/en/support-nmg/Cautionary Note Regarding Forward-Looking InformationAll statements, other than statements of historical fact, contained in this press release including, but not limited to the issuance of Common Shares to its employees in settlement of the unpaid wages related to the COVID-19 pandemic and, generally, the “About Nouveau Monde Graphite” paragraph which essentially describes Nouveau Monde’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 Nouveau Monde 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. Nouveau Monde 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.  Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Further information regarding Nouveau Monde is available in the SEDAR database (www.sedar.com) and on Nouveau Monde’s website at: www.NouveauMonde.ca

  • GlobeNewswire

    Nouveau Monde Successfully Closes the Financing Transactions with Pallinghurst

    * Overwhelming shareholder support for financing transactions with Pallinghurst, with record voting participation * Nouveau Monde is now well-funded to continue the implementation of its battery-grade graphite strategy, including the development of highly sustainable anode material for lithium-ion batteries * Nouveau Monde is set to become the western world’s largest producer of battery-grade graphite – benefitting from clean and affordable hydro electricity * Transactions reinforce the long-term commitment from cornerstone shareholder, The Pallinghurst GroupSAINT-MICHEL-DES-SAINTS, Quebec, Aug. 28, 2020 (GLOBE NEWSWIRE) -- Nouveau Monde Graphite ("Nouveau Monde", "NMG", or “the Company”) (TSXV : NOU; OTCQX : NMGRF; Frankfurt : NM9) is pleased to announce that it has closed the financing transactions with Pallinghurst Graphite Limited ("Pallinghurst") (see press release on July 15, 2020) which were approved at the annual general and special meeting held yesterday (the "Meeting"). The financing transactions totaling C$20 million will fund the next phase of NMG’s development, focused on lithium-ion battery material.The electric vehicle and stationary energy storage revolution continues to gain momentum globally – and graphite is a critical input material for these technologies. With its high-purity product and planned carbon-neutral operations thanks to Québec’s hydropower, Nouveau Monde is exceptionally well-positioned to be the western world’s green and sustainable preferred supplier.Upon closing the transactions, Nouveau Monde has significantly strengthened its balance sheet, having issued a C$15 million secured convertible bond to Pallinghurst (the "Bond Transaction") and sold a net smelter return royalty on the Matawinie graphite project to Pallinghurst in exchange for the cancellation of the existing approximately C$5 million debt facility (the "Royalty Transaction" and together with the Bond Transaction, the "Transactions"). With growing interest in the battery materials sector and the recent milestones reached in Nouveau Monde’s projects, the Meeting experienced record shareholder participation since the foundation of NMG, nearing 55% of common shares voted. The Company received extremely strong shareholder support for the Transactions and the creation of a new control person, being Pallinghurst, with approximately 98% of the votes cast in favour.Eric Desaulniers, President and Chief Executive Officer commented: “Significant support from our shareholders coupled with long-term commitment from Pallinghurst to bring our projects to market strengthen our position as we embark on the next phase of our development. The COVID headwinds have not halted the exponential growth in lithium-ion battery demand and we are in an ideal position to cater to the markets with our low carbon-footprint graphite materials.”Arne H. Frandsen, Co-founder of Pallinghurst and Director of Nouveau Monde added: “The electric vehicle and clean energy revolution is gaining momentum globally. The winners will be the companies with the lowest-cost, highest-purity products that can be produced in a responsible and environmentally friendly manner, such as Nouveau Monde. Through this investment, we have reinforced our commitment to Nouveau Monde and more broadly to Québec, as a world-class destination for battery materials. Pallinghurst looks forward to being a catalyst for the development of Nouveau Monde, as a cornerstone for Québec’s broader battery hub strategy.”Additional Disclosure – Bond Transaction The secured convertible bond (the "Bond") is a three-year instrument for C$15 million. The principal amount, together with all accrued and unpaid or uncapitalized interest under the Bond, will become payable on the date that is 36 months following the issuance of the Bond.At any time, Pallinghurst has the right to convert all or a portion of the Bond into such number of common shares of Nouveau Monde equal to the principal amount being converted, divided by the conversion price of C$0.20 per common share. Pallinghurst also has the right to convert all or a portion of any accrued and unpaid or uncapitalized interest under the Bond into common shares of Nouveau Monde at the market price of the common shares (as defined in the Bond) at the future time of conversion subject to TSXV approval at such time. The Bond (and the common shares the Bond may be converted into) are subject to a hold period of four months from the date of issuance of the Bond, expiring on December 28, 2020, in accordance with applicable Canadian securities laws.Concurrently with the issuance of the Bond, Nouveau Monde issued to Pallinghurst common share purchase warrants entitling Pallinghurst to purchase up to 75,000,000 common shares of Nouveau Monde, at a price of C$0.22 per common share for a period of 36 months from the issuance date of the warrants (the "Warrants"). The Warrants (and the underlying common shares) are subject to a hold period of four months from the date of issuance of the Warrants, expiring on December 28, 2020, in accordance with applicable Canadian securities laws.The proceeds of the Bond Transaction will be used for the development of the Matawinie graphite property and general working capital purposes of Nouveau Monde.Additional Disclosure – Royalty Transaction Nouveau Monde issued a 3.0% net smelter royalty (the “Royalty”) over the Matawinie graphite property to Pallinghurst for an aggregate purchase price of approximately C$4.3 million. For a period of three years following issuance thereof, the Royalty is subject to a 1.0% buy back right in favour of Nouveau Monde for a buy-back price of approximately C$1.3 million plus an amount equal to interest accrual at a rate of 9.0% per annum from and after the closing of the Royalty Transaction up to the buyback date.Pursuant to the Royalty, Pallinghurst has the right, for a period of three years following closing of the Transactions, to request that the Royalty be converted into a graphite stream agreement or other similar forward purchase agreement, provided that Nouveau Monde will not be required to complete any such conversion if such conversion could have a negative impact on the Company. The purchase price for the Royalty was satisfied by setting-off all principal and accrued interest amounts owing by Nouveau Monde to Pallinghurst under the promissory note dated June 27, 2019 in the principal amount of C$2 million and the promissory note dated March 16, 2020 in the principal amount of C$2 million, each of which was cancelled.Related Party Disclosure Pallinghurst owns, or exercises control or direction over, more than 10% of the outstanding voting securities of Nouveau Monde and as such, Pallinghurst is a related party of the Company, and the Transaction is considered to be a "related party transaction" for purposes of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions and Policy 5.9 – Protection of Minority Security Holders in Special Transactions of the TSXV. The Transaction is exempt from the formal valuation requirement on the basis of Section 5.5(b) as the securities of Nouveau Monde are not listed on any of the specified markets. The board of directors of Nouveau Monde has unanimously approved the Transaction, with Arne H. Frandsen and Chris Shepherd having declared a conflict of interest in, and abstaining from voting on, the matters being considered.Pallinghurst currently owns 52,350,000 common shares of Nouveau Monde representing 19.99% of the issued and outstanding common shares. Assuming the conversion in whole of the Bond, Pallinghurst would own 127,350,000 common shares of Nouveau Monde representing 37.80% of the issued and outstanding common shares. In addition, assuming the conversion in whole of the Bond and the exercise in full of the Warrants, Pallinghurst would own 202,350,000 common shares of Nouveau Monde representing 49.12% of the issued and outstanding common shares.Additional information regarding the terms of the Transactions are set out in the Management Proxy Circular, dated July 27, 2020, which is available on the Company’s website or under NMG's profile at www.sedar.com.Other Matters Approved at the Meeting At the Meeting, the following directors were all re-elected to the board: Yannick Beaulieu, Daniel Buron, Eric Desaulniers, Arne H. Frandsen, Nathalie Jodoin, Marc Prud’homme, Pierre Renaud and Christopher Shepherd. Shareholders also appointed PricewaterhouseCoopers S.R.L./S.E.N.C.R.L. as NMG’s external auditor and have renewed the Stock Option Plan of NMG.ABOUT Nouveau Monde Graphite Nouveau Monde Graphite is developing the Matawinie graphite mining project, located in Saint-Michel-des-Saints, 150 km north of Montréal, QC. NMG’s Feasibility Study revealed strong economics with projected graphite concentrate production of 100,000 tonnes per year, with an average concentrate purity of 97%, with a long life of mine. Nouveau Monde operates a demonstration plant where it produces concentrated micronised and spheronised flake graphite, which is being sent to potential North American and international clients for the qualification of its products, with the development of a purification demonstration plant also underway. Nouveau Monde is planning a vertically-integrated, large-scale graphite transformation facility, catering to the needs of the accelerating electric vehicle and lithium-ion battery industry. Dedicated to high standards of sustainability, the Matawinie graphite project will be the first of its kind to operate an all-electric, low-carbon open-pit mine, using Québec’s abundance of hydropower.MediaInvestors Julie Paquet Director, Communications 450-757-8905 140 jpaquet@nouveaumonde.caChristina Lalli Director, Investor Relations 438-399-8665 clalli@nouveaumonde.ca Subscribe to our news feed: http://nouveaumonde.ca/en/support-nmg/Cautionary Note Regarding Forward-Looking InformationAll statements, other than statements of historical fact, contained in this press release including, but not limited to, statements regarding (i) the exercise by Pallinghurst of its conversion right under the Bond, (ii) the exercise by Pallinghurst of all or a portion of the Warrants, (iii) the exercise by Nouveau Monde of its buyback right, (iv) the conversion of the Royalty into a stream or other similar forward purchase agreement, and (v) generally, or the "About Nouveau Monde Graphite" paragraph which essentially describe the Nouveau Monde's outlook and objectives, constitute "forward-looking information" or "forward-looking statements" within the meaning of certain securities laws, and are based on necessarily based upon a number of estimates and assumptions that, while considered reasonable by Nouveau Monde as of the time of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies, including those identified and as described under the heading "Risk Factors" in Nouveau Monde's most recent annual information form and other filings with Canadian securities regulators, which may be viewed at www.sedar.com. 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. Nouveau Monde 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.Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.