NMG Announces Offtake Agreement with GM for Canadian Graphite and US$150 Million Equity Investment
Nouveau Monde Graphite Inc. Common Shares (NMG)
Company Research
Source: Business Wire
NMG is Developing What is Projected to Be the First Fully Integrated Source of Natural Graphite Active Anode Material in North America+ NMG and GM have agreed to sign a multiyear supply agreement for 18,000 tonnes per annum of active anode material, covering a significant portion of NMG’s expected Phase-2 integrated production, from graphite ore to battery materials.+ GM commits to a US$150 million investment in two tranches, subject to certain closing conditions, to support advancement and ultimately construction of NMG’s Phase-2 operations.+ Announcement coincides with parallel offtake agreement with Panasonic Energy, which combined with GM’s Supply Agreement, covers approximately 85% of NMG’s planned active anode material production at its Phase-2 Bécancour Battery Material Plant.+ GM’s Tranche 1 Investment and Supply Agreement support NMG’s execution plan for its Phase-2 Matawinie Mine and Bécancour Battery Material Plan, marking a significant milestone toward a subsequent tranche
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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