Nouveau Monde Graphite (NMGRF) Update - Feb 1

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Nouveau Monde Strengthens its Balance Sheet with a $16.5M Cash Investment by Pallinghurst’s Shareholders Following Exercise of Warrants
Further advancement of our business plan, strong market conditions and continued confidence and support from The Pallinghurst Group, our largest investor, have enabled us to secure $16.5M from the exercise of previously-issued warrants.

As of today, management is of the view that Nouveau Monde is sufficiently funded for this year’s further development of our mining and value-added projects with a cash position as of February 1 of $34M. In addition, the Company expects to raise an incremental amount of up to $5.75M in February, assuming the successful closing of the private placement announced on January 13, 2021.

Eric Desaulniers
President & CEO

“Pallinghurst’s confidence in our value proposition and unwavering support for our business strategy are testaments to the alignment of our respective visions for a cleaner future powered by sustainably and ethically sourced minerals to be used in EVs and renewable energy storage. Today’s equity investment will support the funding required, as we move forward on a number of deliverables in the coming months. This includes the ramp up of our engineering and preparation for the Matawinie mine construction as well as the initial production of purified graphite-based materials at our Bécancour facility. With a strengthened balance sheet, we can continue to support the disciplined execution of our activities and strategy.”