Nouveau Monde has closed the non-brokered private placement of common shares of the Company. Investissement Québec, acting as mandatary for the government of Québec, shows strong ongoing support, subscribing for the full amount of the private placement.
Nouveau Monde has appointed SD Capital Advisory Limited and GKB Ventures Limited as joint financial advisors to assist it with the structuring and arranging of project financing, with a focus on Export Credit Agencies, for the development of the Company’s flagship Matawinie Graphite Mining project.
At today’s Annual General and Special Meeting of Shareholders, Nouveau Mondepresented an update on its projects and corporate development and obtained approval of all Meeting items. The Company is rigorously executing its phased business plan as it strives to become the Western World’s largest, and North America’s only, fully integrated lithium-ion battery anode material producer.
Nouveau Monde announced the closing of its previously announced underwritten public offering of 7,915,000 of its common shares, which includes the partial exercise by the underwriters of their option to purchase additional Common Shares, for aggregate gross proceeds of US$59,362,500.
Nouveau Monde and Caterpillar have signed an agreement pursuant to which Caterpillar will develop, test and produce Cat® “zero-emission machines” for the Matawinie graphite mine with a view to becoming the exclusive supplier of an all-electric mining fleet for deployment at Nouveau Monde’s Matawinie mine by 2028.
Nouveau Monde announced the pricing of its previously announced underwritten public offering of 7,000,000 of its common shares at a price per share of US$7.50 for aggregate gross proceeds of US$52,500,000.
