Nouveau Monde Graphite announces that, at the special meeting of the Company’s shareholders held today, Shareholders approved the previously announced aggregate US$37.5-million private placements from Mitsui and Pallinghurst.
A special meeting of the shareholders of NMG is scheduled on May 1, 2024, to review the related party transactions with Mitsui and Pallinghurst as per MI 61-101.
Nouveau Monde Graphite announces today the payment of accrued interests as part of a previously announced private placement announced by press release dated November 8, 2022.
Through its year-end financial reports and 2023 Annual Report, Nouveau Monde Graphite publishes a positive progress report in advancing what is projected to be North America’s first integrated source of natural graphite active anode material for electric vehicles and batteries.
Nouveau Monde Graphite has closed its private placement for aggregate gross proceeds of US$50 million in accordance with the subscription agreements entered into between the Company and each of Panasonic and General Motors.
Nouveau Monde Graphite is ramping up its efforts in Bécancour, Québec, to implement its Phase-2 Bécancour Battery Materials Plant.
