NMG Secures Multiyear Offtakes and total US$87.5 Million Investment from Anchor Customers and Strategic Investors to Underpin its Phase 2 Ore-to-Battery-Material Graphite Operations
Nouveau Monde Graphite Inc. Common Shares (NMG)
Company Research
Source: Business Wire
Panasonic Energy and GM (together, the “Anchor Customers”) concurrently commit to multiyear offtake agreements for NMG’s active anode material, covering approximately 85% of NMG’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 ow
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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