Nouveau Monde Graphite Inc. (NMG) Update - Feb 15

[dan_s]

NMG is one of the companies on my Watch LIst. This news is a significant step forward.

HIGHLIGHTS

Panasonic Energy and GM have concurrently agreed to sign multiyear offtake agreements for NMG’s active anode material, covering approximately 85% of the Company’s planned Phase-2 fully integrated production, from ore to battery materials.

Offtake agreements are complemented by an aggregate US$50 million Tranche 1 Investment from Panasonic and GM to advance the development of NMG’s Phase-2 Matawinie Mine and Bécancour Battery Material Plant as per their respective specifications.

Strategic partner Mitsui and long-time investor Pallinghurst inject a total of US$37.5 million into NMG’s development, the aggregate proceeds of which will be used to repurchase their previously announced convertible notes.

Offtake agreements and investments support NMG’s execution plan for its Phase-2 Matawinie Mine and Bécancour Battery Material Plan, marking a significant milestone toward future funding by Anchor Customers of up to US$275 million, subject to certain conditions and a maximum ownership threshold agreed between the relevant parties.

Watch this 1 minute video: https://www.youtube.com/watch?v=kRkK3pPbqn4

Shareholders, analysts, and media are invited to attend an Investor Briefing today at 10:30 a.m. ET hosted by NMG’s Management Team via webcast : https://us06web.zoom.us/webinar/register/WN_VmhZvajOQJ2yICWrk9ySzQ.