– CANADA, St-Michel-des-Saints – Nouveau Monde Graphite (TSX: NOU | OTC: NMGRF | FRA: NM9) today announced role changes at its Board of Directors to guide its corporate development strategy.
Arne Frandsen, co-founder of Pallinghurst, will serve as Chairman of the Board of Directors, and Daniel Buron, SVP and CFO at Domtar, will serve as Lead Independent Director and Chairman of the Audit Committee.
“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.” said CEO, Eric Desaulniers.
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. 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.
For more information: http://nouveaumonde.ca/en/
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