NMG News & Events

NMG has entered into an agreement with a syndicate of underwriters co-led by BMO Capital Markets and National Bank Capital Markets, pursuant to which the company will issue, on a "bought deal" basis, 45,600,000 subscription receipts at a price of $1.84 per Subscription Receipt, for gross proceeds to the company of approximately $84M.

Nouveau Monde is pleased to announce an equity investment of $82M by Canada Growth Fund, $61M by the Government of Quebec, through Investissement Quebec, and $70M by Eni S.p.A.,respectively, in NMG for an aggregate investment amount of $213M, subject to, among other things, receipt of the shareholder approvals. Each of CGF, IQ, and Eni has agreed to subscribe, on a private placement basis, for common shares in the capital of NMG, subject to certain conditions, including receipt of the shareholder approvals. Pursuant to the Private Placement, the company will issue an aggregate 115,847,792 Common Shares at a price of $1.84 per Common Share, for aggregate gross proceeds of $213M. The Private Placement is expected to close on or about May 15.

Nouveau Monde Graphite announces the payment of accrued interests as part of a previously announced private placement. Upon the approval of the Toronto Stock Exchange and the New York Stock Exchange, the accrued interests owed to Investissement Quebec for the first quarter of 2026 under the unsecured convertible note, as amended and restated, issued in connection with the private placement announced by press release dated November 8, 2022, will be deemed paid. 147,824 common shares at a price of $2.25 representing an aggregate amount of $332,604 will be issued and share certificates will be delivered to the Holder at the maturity, conversion or redemption of the Note in payment of the accrued interests due on March 31, 2026, for the first quarter of the year. The issuance of Common Shares is subject to the approval of the Exchanges and, when issued, will be subject to a hold period of four months and one day.

Nouveau Monde Graphite has executed an updated binding long-form term sheet with the Government of Canada, represented by Public Services and Procurement Canada, PSPC, setting out the principal commercial terms for the supply, storage and resale of graphite concentrate from the Company's Phase-2 Matawinie Mine in Quebec, Canada. Eric Desaulniers, Founder, President, and CEO of NMG, stated: "This updated framework with the Government of Canada is another key step in reinforcing the bankability of our Phase-2 Matawinie Mine and our positioning among the G7 and allied countries as a local, dependable, and responsible graphite source. The contemplated supply, storage and marketing structure is designed to support Canada's strategic ambitions while preserving commercial agility for NMG as we advance toward definitive agreements and a final investment decision."