NMG and Panasonic Energy Announce Binding Offtake Agreement and US$25 Million Private Placement to Secure the Supply of Active Anode Material for North American Battery Production
Nouveau Monde Graphite Inc. Common Shares (NMG)
Company Research
Source: Business Wire
+ Panasonic Energy signs multiyear binding Offtake Agreement for 18,000 tonnes per annum of active anode material of NMG’s planned Phase-2 integrated production, from ore to battery materials.+ Offtake Agreement is complemented by US$25 million Tranche 1 Investment in NMG from Panasonic to support advancement of NMG’s Phase-2 operations in line with specifications refined during qualification process.+ Panasonic intends to further finance together with potential co-investors an amount valued at about US$150 million, subject to a maximum ownership threshold agreed between the relevant parties, as part of construction funding for NMG’s Phase-2 facilities, following a positive final investment decision.+ Tranche 1 Investment and Offtake Agreement support NMG’s execution plan for its Phase-2 Matawinie Mine and Bécancour Battery Material Plant enabling the establishment of a local, carbon-neutral, reliable, sizeable, and ESG-driven source of natural graphite.+ Announcement coincides with p
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NMG
News
- Following Shareholder Approval, NMG Set to Close Aggregate US$37.5M Private Placements by Mitsui and Pallinghurst [Yahoo! Finance]Yahoo! Finance
- Following Shareholder Approval, NMG Set to Close Aggregate US$37.5M Private Placements by Mitsui and PallinghurstBusiness Wire
- NMG Pays Accrued Interests and Grants Options [Yahoo! Finance]Yahoo! Finance
- NMG Pays Accrued Interests and Grants OptionsBusiness Wire
- NMG Provides Commercial and Operational Update upon Filing 2023 Financial Reports: Significant Progress over the Year in Advancing North America's Mine-to-Battery-Material Graphite Production [Yahoo! Finance]Yahoo! Finance
NMG
Earnings
- 11/9/23 - Beat
NMG
Sec Filings
- 5/1/24 - Form 6-K
- 4/22/24 - Form 6-K
- 4/9/24 - Form 6-K
- NMG's page on the SEC website