Caterpillar will develop, test and produce “zero-emission” Cat® machines for the Nouveau Monde Matawinie graphite mining project in Saint-Michel-de-Seine, Quebec, Canada.
Under the agreement signed between the parties, Caterpillar will be the exclusive supplier of a fleet of all-electric mining plants to be placed at the mine by 2028.
Nouveau Monde Graphite (CVE: NOU) aims to develop Matawinie as an integrated and environmentally friendly source of high-quality carbon-neutral anode material for lithium-ion and fuel cell applications. The mine already has access to clean hydroelectric power at an attractive price, making it easier to achieve its goal of mining fully zero-carbon footprint, renewable energy.
The company plans to begin commercial operations by 2023.
Arne H. Frandsen, chairman of Nouveau Monde, said the agreement with Caterpillar was an important moment for its vision of a green mine in Quebec, operating with zero-emission machines.
Eric Desaulnier, founder, president and CEO of Nouveau Monde, said the Matawinie project’s cutting-edge technological collaboration with Caterpillar could serve as a springboard for the future of the mining industry.