Nouveau Monde Graphite provides a progress update on its business strategy in a quarter that saw the signing of a transformative commercial partnership with Panasonic Energy and Mitsui & Co., steady advancement of the Company’s Phase 2 projects, and commencement of active planning for its potential growth through the development of the Lac Guéret graphite property.
Nouveau Monde Graphite has closed its private placement of unsecured convertible notes for aggregate gross proceeds of US$50 million in accordance with the subscription agreements entered into with Mitsui & Co., Pallinghurst Bond Limited and Investissement Québec.
Nouveau Monde Graphite, Mitsui & Co. and Panasonic Energy have entered into a Framework Agreement establishing the terms of the commercial relationship between the parties to enable the next development steps of NMG’s ore-to-battery-market integrated graphite project in Québec, Canada.
Nouveau Monde Graphite bolsters its leadership, depth, and execution capabilities with the nomination on its management team of Anoop Singh, P.Eng., as Vice President, Mining Projects, Josée Gagnon, LL.B, MBA, as Vice President, Legal Affairs & Corporate Secretary, and Kelly LeBlanc as Manager, Indigenous Relations.
Nouveau Monde Graphite reports steady progress along its business execution plan as the Company prepares the transition to Phase 2 of its vertically integrated operations and explores opportunities for its Phase 3 with a view to establish North America’s largest natural graphite production.
Nouveau Monde Graphite is pleased to announce the initial closing of the transactions contemplated under the investment agreement between NMG and Mason Graphite Inc. with a view towards the development and operation of Mason Graphite’s Lac Guéret property.