NMG Pays Accrued Interests and Grants Options
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.
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.
NMG's Management Team hosted an Investor Briefing for shareholders and analysts to review the details of the announcement.
On the back of agreed-upon offtake agreements with Panasonic Energy and General Motors, Nouveau Monde Graphite has rallied Mitsui and Pallinghurst for an aggregate combined investment of US$87.5 million to advance its development toward commercial operations.