Solid growth in high-value recurring services Market conditions continue to impact transactions Third quarter and year to date operating highlights: Three months ended Nine months ended September 30 September 30 (in millions of US$, except EPS) 2023 2022 2023 2022… [Read More]
Real Announces New Investor Q&A Platform Ahead of its Release of Fiscal Third Quarter 2023 Financial Results
TORONTO & NEW YORK–(BUSINESS WIRE)–The Real Brokerage Inc. (NASDAQ: REAX), the fastest-growing, publicly traded real estate brokerage, today announced the launch of a shareholder Q&A platform to be used for its upcoming conference call to discuss the financial results for the fiscal third quarter ended September 30, 2023. Real will hold the call at 11:00am ET on Thursday, November 9, 2023.
Starting today any shareholder will be able to submit and upvote questions to management. To submit questions ahead of the conference call, please visit the Say portal here. Shareholders using brokers that are integrated with Say can also participate directly through their investing app or broker’s website.
The Q&A platform will remain open through Wednesday, November 8, 2023 at 8:00am ET.
An audio-only webcast of the call may be accessed from the Investor Relations section of the company’s website at https://investors.onereal.com/ or by registering at the link here. A replay of the webcast will be available for one year.
About Real
Real (NASDAQ: REAX) is a real estate experience company working to make life’s most complex transaction simple. The fast-growing company combines essential real estate, mortgage and closing services with powerful technology to deliver a single seamless end-to-end consumer experience, guided by trusted agents. With a presence throughout the U.S. and Canada, Real supports more than 12,000 agents who use its digital brokerage platform and tight-knit professional community to power their own forward-thinking businesses. Additional information can be found on its website at www.onereal.com.
Forward-Looking Information
This press release contains forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking information is often, but not always, identified by the use of words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”, “expect”, “likely” and “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions. These statements reflect management’s current beliefs and are based on information currently available to management as at the date hereof. Forward-looking information in this press release includes, without limiting the foregoing, information relating to Real’s third quarter 2023 earnings call, the release of the financial results and the business and strategic plans of Real.
Forward-looking information is based on assumptions that may prove to be incorrect, including but not limited to Real’s business objectives, expected growth, results of operations, performance, business projects and opportunities and financial results. Real considers these assumptions to be reasonable in the circumstances. However, forward-looking information is subject to known and unknown risks, uncertainties and other factors that could cause actual results, performance or achievements to differ materially from those expressed or implied in the forward-looking information. These factors should be carefully considered and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this press release are based upon what management believes to be reasonable assumptions, Real cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this press release, and Real assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.
Contacts
Investor inquiries:
Ravi Jani
Vice President, Investor Relations and Financial Planning & Analysis
investors@therealbrokerage.com
908.280.2515
For media inquiries:
Elisabeth Warrick
Senior Director, Marketing, Communications & Brand
elisabeth@therealbrokerage.com
201.564.4221
Timbercreek Financial Announces 2023 Third Quarter Results
TORONTO, Nov. 01, 2023 (GLOBE NEWSWIRE) — Timbercreek Financial (TSX: TF) (the “Company”) announced today its financial results for the three and nine months ended September 30, 2023 (“Q3 2023”). Q3 2023 Highlights1 Q3 2023 results were highlighted by continued strong interest income. Quarterly net investment income was $30.3 million up from $30.0 million Q3 2022…. [Read More]
Nexus Industrial REIT Announces Closing of Previously Disclosed Acquisition and Provides an Update on Its Debt
TORONTO, Nov. 01, 2023 (GLOBE NEWSWIRE) — Nexus Industrial REIT (the “REIT”) (TSX: NXR.UN) announced today that it has closed on its previously disclosed acquisition of an industrial property in London, Ontario. The $55.8 million acquisition was partially financed through the issuance of 2,394,774 Class B LP Units of a subsidiary limited partnership of Nexus… [Read More]
Halmont Properties to File Articles of Amendment on November 15, 2023
TORONTO, Nov. 01, 2023 (GLOBE NEWSWIRE) — HALMONT PROPERTIES CORPORATION (TSX-V: HMT) (“Halmont” or the “Company”) is pleased to announce that the Company is anticipating filing articles of amendment to amend the rights and restrictions of its existing class of Class A common voting shares (the “Class A Common Shares”) and its existing class of… [Read More]
Street Haven Honored as the 2023 ONPHA Award of Excellence Winner
TORONTO–(BUSINESS WIRE)–Street Haven, a dedicated non-profit housing provider in Toronto, is thrilled to announce that we have been honored with the 2023 Ontario Non-Profit Housing Association (ONPHA) Award of Excellence. This recognition signifies our unwavering commitment to going above and beyond our housing mandate to address the unique needs of our tenants and the community with innovative and insightful solutions.
Our journey began in 1968 when we established Canada’s very first women’s shelter, marking a historic milestone that continues to define our pioneering spirit. For nearly six decades, we have remained steadfast in our mission to serve vulnerable and homeless women, offering shelter services, supportive housing, residential treatment, training, and outreach services, all geared towards nurturing their path towards independence.
Advocating for more affordable non-profit housing is an integral part of our mission. As co-founders of the Ontario Coalition of Women’s Shelter and Supportive Housing Services Providers, we actively engage with elected officials, participate in budget development, and organize advocacy events to secure increased investments in affordable housing. Our focus on addressing the unique needs of chronically homeless women, who are often marginalized by conventional housing approaches, sets us apart. Our client-centered model emphasizes trauma-informed care, comprehensive case management, training, and addiction treatment.
Street Haven’s innovative spirit shines through our creative and innovative efforts towards increasing quality affordable and deeply affordable supportive housing stock for homeless women. The organization aims to house double the number of women in the next three years.
Receiving the prestigious 2023 ONPHA Award of Excellence is a testament to our continued commitment to addressing complex housing needs and our innovative approach to housing management. This recognition underscores our dedication to creating a brighter future for homeless and vulnerable women within the Toronto community, and we are deeply honored and grateful for this prestigious award. “It is an honour to be recognized by the association of our peers for the hard work we have done and continue to do in serving our neighbourhoods and homeless women in need. It is both a privilege and a passion for Street Haven to be supporting homeless women towards greater independence”, says Dr. Siu Mee Cheng, Street Haven Executive Director.
About Street Haven
Street Haven is a Toronto-based non-profit organization women’s multi-service health and social care agency committed to providing shelter, supportive housing, addictions treatment and training support to vulnerable and homeless women. Since 1965, Street Haven has been at the forefront of combating homelessness experienced by vulnerable women in Toronto.
Contacts
For media inquiries or further information, please contact:
Street Haven Communications
Phone: (416) 967-6060
Email: ea@streethaven.com
Website: www.streethaven.com
The Real Brokerage to Host Third Quarter 2023 Earnings Conference Call
TORONTO & NEW YORK–(BUSINESS WIRE)–The Real Brokerage Inc. (NASDAQ: REAX), the fastest growing publicly traded real estate brokerage, will release its third quarter 2023 financial results on Thursday, November 9, 2023, before market open.
The Company will subsequently hold a conference call to discuss operating and financial results for the quarter at 11:00 a.m. ET. Investors wishing to join the live call can use the dial-in details provided below. An audio-only webcast of the call will be available on the Investor Relations section of the Company’s website at https://investors.onereal.com/ and can also be accessed directly through the link provided below. A replay will be available for one year.
Conference Call Details: |
|
Date: |
Thursday, November 9, 2023 |
Time: |
11:00 a.m. ET |
Dial-in Number: |
North American Toll Free: 888-506-0062 |
International: 973-528-0011 |
|
Access Code: |
482869 |
Webcast: |
|
Replay Information: |
|
Replay Number: |
North American Toll Free: 877-481-4010 |
International: 919-882-2331 |
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Access Code: |
49221 |
Replay Link: |
Forward-Looking Information
This press release contains forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking information is often, but not always, identified by the use of words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”, “expect”, “likely” and “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions. These statements reflect management’s current beliefs and are based on information currently available to management as at the date hereof. Forward-looking information in this press release includes, without limiting the foregoing, information relating to Real’s third quarter 2023 earnings call, the release of the financial results and the business and strategic plans of Real.
Forward-looking information is based on assumptions that may prove to be incorrect, including but not limited to Real’s business objectives, expected growth, results of operations, performance, business projects and opportunities and financial results. Real considers these assumptions to be reasonable in the circumstances. However, forward-looking information is subject to known and unknown risks, uncertainties and other factors that could cause actual results, performance or achievements to differ materially from those expressed or implied in the forward-looking information. These factors should be carefully considered and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this press release are based upon what management believes to be reasonable assumptions, Real cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this press release, and Real assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.
About Real
Real (NASDAQ: REAX) is a real estate experience company working to make life’s most complex transaction simple. The fast-growing company combines essential real estate, mortgage and closing services with powerful technology to deliver a single seamless end-to-end consumer experience, guided by trusted agents. With a presence throughout the U.S. and Canada, Real supports more than 12,000 agents who use its digital brokerage platform and tight-knit professional community to power their own forward-thinking businesses. Additional information can be found on its website at www.onereal.com.
Contacts
For additional information, please contact:
Ravi Jani
Vice President, Investor Relations and Financial Planning & Analysis
investors@therealbrokerage.com
908.280.2515
For media inquiries, please contact:
Elisabeth Warrick
Senior Director, Marketing, Communications & Brand
elisabeth@therealbrokerage.com
201.564.4221
Colliers named on Forbes list of World’s Best Employers 2023
TORONTO, Oct. 30, 2023 (GLOBE NEWSWIRE) — Global professional services and investment management firm Colliers (NASDAQ and TSX: CIGI) has been named by Forbes on the 2023 list of World’s Best Employers. Colliers also ranked among the top 10 professional services companies and was the only global, full-service commercial real estate firm to receive this… [Read More]
Accenture Acquires Canadian Capital Projects Consulting Company Comtech Group
Continues to expand its large infrastructure project capabilities in North America
NEW YORK & TORONTO–(BUSINESS WIRE)–Accenture (NYSE: ACN) has acquired Comtech Group, a consulting and program management company for infrastructure projects in Canada and the United States. Terms of the deal were not disclosed.
Comtech Group was founded in 1994 and is headquartered in Toronto. Its clients are transportation, infrastructure, industrial manufacturing, building, and power and utility companies in the public and private sector. Comtech Group helps them deliver large, long-term infrastructure projects, such as urban transportation, automotive manufacturing processes, renewable and nuclear power, and building rehabilitation. The firm’s approx. 300 people bring a mix of consulting and project management expertise in construction management, facility and manufacturing engineering, and process control automation. Comtech Group has offices in Canada and the United States.
The move follows Accenture’s recent acquisition of Anser Advisory, a leading advisory and management company for infrastructure projects in the United States, which has bolstered Accenture’s capital projects capabilities in North America.
With Comtech Group, Accenture is now expanding its capital projects capabilities in Canada. These capabilities include project structuring, estimating and planning; digitization; monitoring the work being done; and assisting clients in managing and executing all phases of projects. Accenture also helps clients develop smarter, more efficient infrastructure for energy transition, transportation and production from the outset. Like Anser Advisory, Comtech Group joins Accenture’s digital engineering and manufacturing service, Industry X.
Aaron Saint, North America lead for Industry X at Accenture, said: “With Comtech Group, we will help our clients deliver mission-critical infrastructure projects on time and on budget. This requires industry expertise, ‘boots on the ground’ know-how, and increasingly, artificial intelligence (AI) and other digital capabilities to better plan, measure and monitor how these projects are executed. By combining Accenture and Comtech Group capabilities, we can better help deliver on our clients’ ambitious infrastructure programs.”
David Morgenstern, president of Accenture in Canada, commented: “We are expanding our capabilities at a time that Canada is committing to major infrastructure projects. Our country has deep roots in manufacturing, process and engineering industries. We are also home to leading organizations in AI, automation and robotics. Comtech Group will enhance our ability to bring value and productivity to clients in this evolving landscape.”
Hugo Blasutta, president and CEO of Comtech Group, said: “Comtech Group has an established track record supporting some of Canada’s most complex, large-scale infrastructure programs. As part of Accenture, we can deliver our proven solutions to even more clients in more industries. We are excited about Accenture’s commitment to innovation as shown in its recent $3 billion investment in AI. Joining this world-leading organization will also offer exciting new opportunities to our people.”
Other acquisitions Accenture has made to support its clients’ infrastructure projects include Eclipse Automation, a provider of customized manufacturing automation and robotics solutions headquartered in Cambridge, Canada; Advoco, a US-based asset management services provider; ATI Solutions Group, an Australian consulting service provider to the mining, energy and rail industries; and umlaut, a global engineering services provider, headquartered in Germany.
Forward-Looking Statements
Except for the historical information and discussions contained herein, statements in this news release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “may,” “will,” “should,” “likely,” “anticipates,” “aspires,” “expects,” “intends,” “plans,” “projects,” “believes,” “estimates,” “positioned,” “outlook,” “goal,” “target” and similar expressions are used to identify these forward-looking statements. These statements are not guarantees of future performance nor promises that goals or targets will be met, and involve a number of risks, uncertainties and other factors that are difficult to predict and could cause actual results to differ materially from those expressed or implied. These risks include, without limitation, risks that: the transaction might not achieve the anticipated benefits for Accenture; Accenture’s results of operations have been, and may in the future be, adversely affected by volatile, negative or uncertain economic and political conditions and the effects of these conditions on the company’s clients’ businesses and levels of business activity; Accenture’s business depends on generating and maintaining client demand for the company’s services and solutions including through the adaptation and expansion of its services and solutions in response to ongoing changes in technology and offerings, and a significant reduction in such demand or an inability to respond to the evolving technological environment could materially affect the company’s results of operations; if Accenture is unable to match people and their skills with client demand around the world and attract and retain professionals with strong leadership skills, the company’s business, the utilization rate of the company’s professionals and the company’s results of operations may be materially adversely affected; Accenture faces legal, reputational and financial risks from any failure to protect client and/or company data from security incidents or cyberattacks; the markets in which Accenture operates are highly competitive, and Accenture might not be able to compete effectively; Accenture’s ability to attract and retain business and employees may depend on its reputation in the marketplace; if Accenture does not successfully manage and develop its relationships with key ecosystem partners or fails to anticipate and establish new alliances in new technologies, the company’s results of operations could be adversely affected; Accenture’s profitability could materially suffer if the company is unable to obtain favorable pricing for its services and solutions, if the company is unable to remain competitive, if its cost-management strategies are unsuccessful or if it experiences delivery inefficiencies or fail to satisfy certain agreed-upon targets or specific service levels; changes in Accenture’s level of taxes, as well as audits, investigations and tax proceedings, or changes in tax laws or in their interpretation or enforcement, could have a material adverse effect on the company’s effective tax rate, results of operations, cash flows and financial condition; Accenture’s results of operations could be materially adversely affected by fluctuations in foreign currency exchange rates; changes to accounting standards or in the estimates and assumptions Accenture makes in connection with the preparation of its consolidated financial statements could adversely affect its financial results; as a result of Accenture’s geographically diverse operations and strategy to continue to grow in key markets around the world, the company is more susceptible to certain risks; if Accenture is unable to manage the organizational challenges associated with its size, the company might be unable to achieve its business objectives; Accenture might not be successful at acquiring, investing in or integrating businesses, entering into joint ventures or divesting businesses; Accenture’s business could be materially adversely affected if the company incurs legal liability; Accenture’s global operations expose the company to numerous and sometimes conflicting legal and regulatory requirements; Accenture’s work with government clients exposes the company to additional risks inherent in the government contracting environment; if Accenture is unable to protect or enforce its intellectual property rights or if Accenture’s services or solutions infringe upon the intellectual property rights of others or the company loses its ability to utilize the intellectual property of others, its business could be adversely affected; Accenture may be subject to criticism and negative publicity related to its incorporation in Ireland; as well as the risks, uncertainties and other factors discussed under the “Risk Factors” heading in Accenture plc’s most recent Annual Report on Form 10-K and other documents filed with or furnished to the Securities and Exchange Commission. Statements in this news release speak only as of the date they were made, and Accenture undertakes no duty to update any forward-looking statements made in this news release or to conform such statements to actual results or changes in Accenture’s expectations.
About Accenture
Accenture is a leading global professional services company that helps the world’s leading businesses, governments and other organizations build their digital core, optimize their operations, accelerate revenue growth and enhance citizen services—creating tangible value at speed and scale. We are a talent- and innovation-led company with approximately 733,000 people serving clients in more than 120 countries. Technology is at the core of change today, and we are one of the world’s leaders in helping drive that change, with strong ecosystem relationships. We combine our strength in technology and leadership in cloud, data and AI with unmatched industry experience, functional expertise and global delivery capability. We are uniquely able to deliver tangible outcomes because of our broad range of services, solutions and assets across Strategy & Consulting, Technology, Operations, Industry X and Song. These capabilities, together with our culture of shared success and commitment to creating 360° value, enable us to help our clients reinvent and build trusted, lasting relationships. We measure our success by the 360° value we create for our clients, each other, our shareholders, partners and communities. Visit us at www.accenture.com.
Copyright ©2023 Accenture. All rights reserved. Accenture and its logo are registered trademarks of Accenture.
Contacts
Stephanie Malcolm
Accenture
+1 416 641-3214
stephanie.malcolm@accenture.com
Jens Derksen
Accenture
+49 175 57 61393
jens.derksen@accenture.com
Tetra Tech Announces Planned Dates for Fourth Quarter and Fiscal 2023 Results and Conference Call
PASADENA, Calif.–(BUSINESS WIRE)–#consultingandengineering—Tetra Tech, Inc. (NASDAQ: TTEK), a leading provider of high-end consulting and engineering services, announced today the planned dates for its fourth quarter and fiscal 2023 results and conference call.
On Wednesday, November 15, 2023, after market close, Tetra Tech intends to announce its fourth quarter and fiscal 2023 results. On Thursday, November 16, 2023, at 8:00 a.m. Pacific Time, Tetra Tech plans to host a conference call to present and discuss the Company’s financial results and forward outlook.
Investors and other interested parties can access a live audio-visual webcast through a link posted on the Company’s website at tetratech.com/investors. The webcast replay will be available following the call.
About Tetra Tech
Tetra Tech is a leading provider of high-end consulting and engineering services for projects worldwide. With 27,000 employees working together, Tetra Tech provides clear solutions to complex problems in water, environment, sustainable infrastructure, renewable energy, and international development. We are Leading with Science® to provide sustainable and resilient solutions for our clients. For more information about Tetra Tech, please visit tetratech.com or follow us on LinkedIn, Twitter, and Facebook.
Contacts
Jim Wu, Investor Relations
Charlie MacPherson, Media & Public Relations
(626) 470-2844
Terra Firma Capital Corporation Completes Plan of Arrangement
TORONTO, Oct. 27, 2023 (GLOBE NEWSWIRE) — Terra Firma Capital Corporation (“Terra Firma” or the “Company”) (TSX-V: TII) today announced the completion of the previously announced plan of arrangement pursuant to which GM Capital Corp. (the “Buyer”), a company controlled by Y. Dov Meyer, the executive chairman of the Company and Seth Greenspan, managing director… [Read More]
NMG Selects Pomerleau for Construction Management Preparation of its Phase-2 Facilities: Focus on Efficient, Cost-Optimized, and Safe Execution once FID is Reached
+ NMG is mapping its execution strategy for the Phase-2 Matawinie Mine and Bécancour Battery Material Plant to ensure swift start of construction as soon as FID is reached.
+ NMG selects Pomerleau for pre-construction management; focus on construction sequence and logistics, budget revisions, procurement strategy, HSE preparation, etc.
+ Pomerleau brings extensive experience in major infrastructure construction, excellent track record in safety, quality and environmental management, skilled and stable team with access to pool of workers and contractors, and civil works self-perform capabilities.
+ Work to refine CAPEX estimates in light of advanced engineering, stabilizing material costs, technological enhancements, and synergies between sites is expected to generate cost optimization.
+ As one of the leading players in the field of industrial construction, Pomerleau has a deep understanding of the specific requirements and challenges of the Québec and Canadian markets.
MONTRÉAL–(BUSINESS WIRE)–$NMG #ESG–Nouveau Monde Graphite Inc. (“NMG“ or the “Company”) (NYSE: NMG, TSX.V: NOU) furthers its execution readiness for the construction of its Phase-2 commercial facilities, the Matawinie Mine and the Bécancour Battery Material Plant, with the appointment of Pomerleau as Construction Manager for the pre-construction stage. With sustained engagement from tier-1 battery manufacturers to sign offtake agreements and confirmed interest from lenders and strategic investors to participate in NMG’s project financing, the Company is accelerating efforts to refine its execution plan for cost optimization, procurement, and construction at each site ahead of the final investment decision (“FID”).
Arne H Frandsen, Chair of NMG, declared: “Our strong owner’s team in engineering and project management now paired with experienced construction firm Pomerleau provides depth and technical expertise for refining our execution strategy. Amidst challenging economic conditions, we are seeking strategies to mitigate the expenses and uncertainties associated with complex construction projects to execute our projects responsibly while delivering on our commitment to our customers, community, and shareholders.”
Eric Desaulniers, Founder, President and CEO of NMG, said: “As battery production capacity continues to expand in Québec, North America and Europe, our commercial engagement is shifting from product qualification to execution and operation readiness to optimize our time-to-market window. Potential customers have tested our carbon-neutral active anode material produced at our Phase-1 facilities and are eager to access sizable volumes to support their manufacturing and growth. Contemplated anchor customers, lenders, and investors alike are seeking reassurance on our timeline and flawless execution with safety, environment, and quality as top priorities. We have found in Pomerleau a construction partner that shares our values and is keen to help us bring our vision to reality.”
Pomerleau is a prominent Canadian construction company specialized in the building, infrastructure and civil, and construction sectors. With a rich history spanning early six decades, Pomerleau boasts a workforce of over 4,000 dedicated employees and operates across more than 200 job sites across Canada with a strong focus on safety, innovation, and sustainability.
Projects Construction Overview
Leveraging process development, continuous sample production at Phase-1 facilities, environmental monitoring and management, and extensive site and project studies, NMG has made steady progress over the years toward construction and financing of its Phase-2 Matawinie Mine and Bécancour Battery Material Plant.
The Matawinie Mine has already obtained governmental approval – the main permit for the mining operation – following an exhaustive environmental review and public consultation. Since securing this approval, NMG has carried out preparatory work to build the nearly 8-km access road, construct key environmental infrastructure and execute early civil works. Detailed engineering for the industrial, mining and environmental facilities is also well advanced thanks to continued work with specialized firms AtkinsRéalis, SRK Consulting, and key contractors and equipment vendors. The site is now ready for major civil works including excavation, underground utilities, and concrete foundations once FID is reached.
Pomerleau’s mandate covers the pre-construction management of the industrial facilities, namely the concentrator, crusher, and associated infrastructure. Pomerleau is working closely with NMG’s project team to prepare a detailed construction sequence and schedule, to develop the contracting strategy, to optimize worksite logistics, to expand the health and safety, environment, and quality programs, and to integrate planning and engineering into Building Information Modeling (“BIM”), an advanced technology solution supporting enhanced project construction management for improved planning, tracking, project efficiency, productivity, and cost control.
At the Bécancour Battery Material Plant, the pre-construction mandate will build on the environmental studies completed thus far and active engineering work with BBA Inc. Pomerleau’s mandate includes construction scheduling, workforce planning, jobsite logistics, revision of the procurement strategy, and the development of health and safety, environment, and quality programs.
Pomerleau is also contributing to the budget revision, cost optimization, and project control activities for both projects. NMG aims to refine CAPEX estimates in light of advanced engineering and contemplated offtake agreements, and to reduce its exposure to market volatility and supply chain pressures. Considering that NMG’s integrated feasibility study for its Phase-2 operations was issued in July 2022 at the peak of inflation trends, the Company anticipates optimization of construction forecasts in light of stabilizing material costs, technological enhancement to align with customers’ specifications, synergies between the two sites proactive procurement strategy plus Pomerleau’s current construction mandates in the Bécancour industrial work.
Having retained Pomerleau for both projects provides saving opportunities and a harmonized project execution across sites thanks to core team, programs, and approach, enhancing the integration of engineering, procurement and construction management. NMG will also benefit from Pomerleau’s established pool of workers and specialty subcontractors in preparation for the execution stage.
NMG’s robust environmental, social, and governance (“ESG”) values, aligned with Pomerleau’s own, will be carried over in the construction phase and will be reflected in the procurement strategy. NMG is committed to upholding the highest standards of business ethics and human rights, to promoting best practices in occupational health and safety and environmental protection, to using proactive and innovative design, technology, and management to minimize the impact of its activities, and to working in collaboration with communities and First Nations to maximize local benefits.
About Nouveau Monde Graphite
Nouveau Monde Graphite is striving to become a key contributor to the sustainable energy revolution. The Company is working towards developing a fully integrated source of carbon-neutral battery anode material in Québec, Canada, for the growing lithium-ion and fuel cell markets. With enviable ESG standards, NMG aspires to become a strategic supplier to the world’s leading battery and automobile manufacturers, providing high-performing and reliable advanced materials while promoting sustainability and supply chain traceability. www.NMG.com
About Pomerleau
Pomerleau is one of Canada’s largest construction companies, with over $4,4 billion in revenues in 2022. It delivers buildings, infrastructures, civil engineering works, and major projects using alternative models. With its research and development lab, Pomerleau integrates innovation in more than 70% of its projects and works in a sustainable way to build the living environments of tomorrow. Its subsidiary Borea executes 50% of the country’s renewable construction projects, and ITC Construction Group, acquired in 2022, is one of the largest residential construction companies in the West. It also owns Pomerleau Capital, a subsidiary specializing in private infrastructure investment and financing. Founded 60 years ago, Pomerleau has over 4,000 employees and workers at over 200 sites from coast to coast. The Company has been named among Canada’s Top 100 Employers since 2020. www.pomerleau.ca
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Cautionary Note
All statements, other than statements of historical fact, contained in this press release including, but not limited to those describing the initiatives described in this press release, the execution strategy and readiness for the construction of its Phase-2 commercial facilities, the Matawinie Mine and the Bécancour Battery Material Plant, the steady progress over the years toward construction and financing of the Phase-2 Matawinie Mine and Bécancour Battery Material Plant, the selection of Pomerleau for pre-construction management, Pomerleau’s experience and technical expertise, Pomerleau’s mandate, Pomerleau’s work so far, Pomerleau’s collaboration with the project team, the BIM, the focus on construction sequence and logistics, budget revisions, procurement strategy, HSE preparation, the work to refine CAPEX estimates in order to generate cost optimization, the strategies to mitigate the expenses and uncertainties associated with complex construction projects, the interest from lenders and strategic investors to participate in the Company’s project financing, the efforts to refine the execution plan for cost optimization, procurement, and construction at each site ahead of the final investment decision, the commercial engagement shifting from product qualification to execution and operation readiness to optimize the time-to-market window, the desire of the potential customers to access significant volumes to support their manufacturing and growth, the governmental approval for the mining operation, the preparatory work to build the access road, to construct key environmental infrastructure and to prepare the industrial platform, the progress of the detailed engineering for the industrial, mining and environmental facilities, the pre-construction at the Bécancour Battery Material Plant mandate building on the environmental studies completed thus far and active engineering work with BBA Inc., the anticipation to optimize the construction forecasts in light of stabilizing material costs, technological enhancement to align with customers specifications, synergies between the two sites proactive procurement strategy plus Pomerleau’s current construction mandates in the Bécancour industrial work, the saving opportunities and the harmonization of the project execution across sites, the benefits from Pomerleau’s established pool of workers and contractors, the commitment to upholding the highest standards of business ethics and human rights, to promoting best practices in occupational health and safety and environmental protection, to using proactive and innovative design, technology, and management to minimize the impact of its activities, and to working in collaboration with communities and First Nations to maximize local benefits, and those statements which are discussed under the “About Nouveau Monde Graphite” and “About Pomerleau” paragraphs, in the quotes from Arne H Frandsen, Chair of NMG, and from Eric Desaulniers, Founder, President and CEO of NMG, and elsewhere in the press release which essentially describe the Company’s outlook and objectives, constitute “forward-looking information” or “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of Canadian and United States 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 Company 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. Moreover, these forward-looking statements were based upon various underlying factors and assumptions, including the current technological trends, the business relationship between the Company and its stakeholders, the ability to operate in a safe and effective manner, the timely delivery and installation at estimated prices of the equipment supporting the production, assumed sale prices for graphite concentrate, the accuracy of any Mineral Resource estimates, future currency exchange rates and interest rates, political and regulatory stability, prices of commodity and production costs, the receipt of governmental, regulatory and third party approvals, licenses and permits on favorable terms, sustained labor stability, stability in financial and capital markets, availability of equipment and critical supplies, spare parts and consumables, the various tax assumptions, CAPEX and OPEX estimates, all economic and operational projections relating to the project, local infrastructures, the Company’s business prospects and opportunities and estimates of the operational performance of the equipment, and are not guarantees of future performance.
Forward-looking statements are subject to known or unknown risks and uncertainties that may cause actual results to differ materially from those anticipated or implied in the forward-looking statements. Risk factors that could cause actual results or events to differ materially from current expectations include, among others, those risks, delays in the scheduled delivery times of the equipment, the ability of the Company to successfully implement its strategic initiatives and whether such strategic initiatives will yield the expected benefits, the availability of financing or financing on favorable terms for the Company, the dependence on commodity prices, the impact of inflation on costs, the risks of obtaining the necessary permits, the operating performance of the Company’s assets and businesses, competitive factors in the graphite mining and production industry, changes in laws and regulations affecting the Company’s businesses, political and social acceptability risk, environmental regulation risk, currency and exchange rate risk, technological developments, the impacts of the global COVID-19 pandemic and the governments’ responses thereto, and general economic conditions, as well as earnings, capital expenditure, cash flow and capital structure risks and general business risks. A further description of risks and uncertainties can be found in NMG’s Annual Information Form dated March 23, 2023, including in the section thereof captioned “Risk Factors”, which is available on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov. Unpredictable or unknown factors not discussed in this Cautionary Note could also have material adverse effects on forward-looking statements.
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 Company 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.
The market and industry data contained in this press release is based upon information from independent industry publications, market research, analyst reports and surveys and other publicly available sources. Although the Company believes these sources to be generally reliable, market and industry data is subject to interpretation and cannot be verified with complete certainty due to limits on the availability and reliability of raw data, the voluntary nature of the data-gathering process and other limitations and uncertainties inherent in any survey. The Company has not independently verified any of the data from third-party sources referred to in this press release and accordingly, the accuracy and completeness of such data is not guaranteed.
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 the Company is available in the SEDAR+ database (www.sedarplus.ca), and for United States readers on EDGAR (www.sec.gov), and on the Company’s website at: www.NMG.com
Contacts
MEDIA
Julie Paquet
VP Communications & ESG Strategy
+1-450-757-8905 #140
jpaquet@nmg.com
INVESTORS
Marc Jasmin
Director, Investor Relations
+1-450-757-8905 #993
mjasmin@nmg.com
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