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Nouveau Monde Graphite Inc. (NMG) is a trailblazing company in the natural graphite industry, with its sights set on becoming North America's leading provider for the lithium-ion battery markets. Established with a management team boasting over 40 years of experience in production, processing, and marketing of natural graphite, NMG is a strong contender in the emerging graphite and anode material sector.
At the heart of NMG's operations is the Matawinie Graphite Project, discovered in 2015 and located in the Saint-Michel-des-Saints area, approximately 120 km north of Montreal, Quebec, Canada. This project aims to be the largest graphite mine in North America, leveraging its advantageous location with direct access to essential infrastructure, labor, and green, affordable hydroelectric power.
In June 2016, NMG published a preliminary economic assessment in accordance with NI 43-101 guidelines, showcasing their commitment to transparency and regulatory compliance. The company's approach is underscored by high corporate social responsibility standards and a goal of achieving a net-zero carbon emission operation, reflecting their dedication to environmental sustainability.
Nouveau Monde Graphite segments its operations into two primary projects: the Matawinie Mine Project and the Battery Material Plant Project. These initiatives are designed to produce natural graphite-based anode material that meets battery-grade standards, crucial for the burgeoning lithium-ion industry.
Notably, NMG has secured groundbreaking binding offtake agreements with industry giants such as Panasonic Energy and General Motors (GM). These partnerships are bolstered by significant strategic financings, positioning NMG as a key player in the North American battery supply chain.
Financially, the company has received substantial investments, including a US$150 million equity investment from GM and US$25 million private placement from Panasonic Energy. These investments are expected to underpin NMG's Phase 2 ore-to-battery-material graphite operations, ensuring the company's growth and stability.
Nouveau Monde Graphite is not only focused on production but also on innovation and sustainability. By striving for a fully integrated, carbon-neutral battery anode material supply chain in Quebec, NMG aims to support the global transition to sustainable energy. Their products and materials are designed to meet the high standards of leading battery and automobile manufacturers, ensuring reliability and performance while maintaining environmental and supply chain traceability standards.
Nouveau Monde Graphite (NYSE: NMG, TSXV: NOU) has received final approval to uplist its common shares to the Toronto Stock Exchange (TSX), effective January 20, 2025, under the ticker symbol 'NOU'. The uplisting follows significant commercial, financing, and corporate development milestones achieved in 2024.
The company's common shares will be voluntarily delisted from the TSX Venture Exchange at market close on January 17, 2025. The TSX uplisting, complementing NMG's NYSE listing, aims to enhance the company's visibility and credibility in capital markets, particularly in the North American battery and EV sector.
The TSX ranks as the third-largest North American exchange by market capitalization and tenth largest globally, serving as the primary listing venue for numerous large mining, energy, and clean technology companies in Canada.
Nouveau Monde Graphite (NYSE: NMG, TSX.V: NOU) has announced the settlement of accrued interests for Q4 2024 through a share issuance arrangement. The company will issue 193,072 common shares at US$1.58 per share to Investissement Québec, totaling US$305,054 in accrued interests under an unsecured convertible note. The share issuance is pending approval from both the TSX Venture Exchange and New York Stock Exchange. Once approved, the shares will be subject to a four-month and one-day hold period, with certificates to be delivered upon the note's maturity, conversion, or redemption.
Nouveau Monde Graphite (NYSE: NMG, TSX.V: NOU) has successfully closed a US$50 million private placement with equal contributions from the Canada Growth Fund (CGF) and Investissement Quebec (IQ). Each investor subscribed to 19,841,269 common shares at US$1.26 per share and an equal number of warrants.
The proceeds will fund detailed engineering, procurement of long-lead items, Phase-2 critical-path activities, and general expenses. The warrants allow holders to acquire shares at US$2.38 within five years from closing, subject to a 19.9% ownership cap. Following the placement, CGF could potentially own 23.1% of NMG shares if all warrants are exercised, while IQ's ownership could reach 28.89% on a partially diluted basis.
Nouveau Monde Graphite (NMG) has secured a US$50-million equity investment from Canada Growth Fund (CGF) and the Government of Québec through Investissement Québec. The investment involves issuing 39,682,538 common shares at US$1.26 per share, with each share accompanied by a warrant exercisable at US$2.38. The funding will support NMG's Phase-2 Matawinie Mine and Bécancour Battery Material Plant development through detailed engineering and long-lead item orders.
The investment marks CGF's first direct investment and demonstrates continued support from Québec. The deal is expected to close around December 19, 2024, subject to regulatory approvals. NMG plans to release an updated feasibility study for its integrated Phase-2 operations in early Q1-2025, focusing on optimizing production parameters, engineering, and cost projections.
Nouveau Monde Graphite (NYSE: NMG, TSX.V: NOU) has appointed Chantal Sorel to its Board of Directors, replacing Dr. Jürgen Köhler. Sorel brings 35 years of experience in project management, financing, construction, and operations across global markets. Her appointment comes at a important time as NMG finalizes its updated feasibility study and execution plans for the Phase-2 Matawinie Mine and Bécancour Battery Material Plant.
Sorel's extensive background includes strategic positions in power, infrastructure, rail and transit, airports, industrial facilities, mining and metallurgy sectors. She holds a Bachelor's in architecture from the University of Montréal and a Master's in Project Management from the University of Québec.
Nouveau Monde Graphite (NYSE:NMG, TSXV:NOU) has signed an impact benefit agreement with the Atikamekw First Nation of Manawan for the Matawinie mining project. The agreement, following community consultation, establishes the Manawan Atikamekw's participation in the responsible development of graphite in the Nitaskinan region.
The partnership encompasses environmental management, training, employment opportunities, business partnerships, and financial benefits sharing. Key features include the First Nation's involvement in environmental monitoring, preferential training measures, and business opportunities during mine construction and operations. The agreement also emphasizes cultural recognition and safety measures.
A joint working committee will be established to ensure effective implementation of the agreement, marking a significant milestone in the project's development.
Nouveau Monde Graphite (NMG) reports progress on its Phase-2 operations, with integrated feasibility study results expected in Q1-2025. The company has received cumulative expressions of interest totaling approximately $1.4 billion for project financing and is eligible for a $350 million Canadian investment tax credit. NMG is advancing product qualification and commercial requirements with anchor customers Panasonic Energy and GM, who committed approximately US$275 million in future funding upon positive FID. The company awarded the Matawinie Mine's electrical substation contract to ABB and continues zero-emission mining equipment development with Caterpillar. Period-end cash position stands at $56.5 million.
NexaMotion Group (NMG) has completed its third acquisition of the year by purchasing City Auto Supply, a veteran-owned with three wholesale distributor locations - two in San Francisco and one in Honolulu. Founded in 1986, City Auto Supply carries over 100,000 individual parts and is a leading automotive parts distributor. This marks NMG's fifth acquisition in the general repair space over the past 18 months. The terms of the acquisition were not disclosed.
Nouveau Monde Graphite (NMG) has announced the payment of accrued interests as part of a previously announced private placement. The company will issue 205,460 common shares at a price of US$1.59 per share, totaling US$326,681, to Investissement Québec for the third quarter of 2024 accrued interests on an unsecured convertible note. This issuance is subject to approval from the TSX Venture Exchange and the New York Stock Exchange. The shares will be delivered at the maturity, conversion, or redemption of the Note and will be subject to a four-month and one-day hold period.
Nouveau Monde Graphite Inc. (NMG) has made significant progress in preparing for the construction of its Phase-2 Matawinie Mine. Key developments include:
1. Awarding the 120kV electrical substation contract to ABB, enabling zero-emission operations powered by clean hydroelectricity.
2. Advancing detailed engineering with AtkinsRéalis and SRK.
3. Engaging with local and Indigenous contractors to maximize regional economic benefits.
4. Securing financing for a recreational center adjacent to the mine, enhancing community integration.
The Matawinie Mine, set to become the world's first all-electric open-pit mine, will have a 103,000-tpa graphite mining and concentrator complex. NMG is collaborating with Caterpillar Inc. for a zero-emission mining fleet. The project aims to address the North American market's demand for local, carbon-neutral graphite supply, as Canada and the US currently produce minimal amounts globally.
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