Nouveau Monde Announces Filing of a Prospectus Supplement for At-The-Market Offering
Nouveau Monde Graphite Inc. has filed a prospectus supplement for a new at-the-market equity offering, allowing the sale of up to US$75 million in common shares. Canaccord Genuity leads the offering, with B. Riley and Roth Capital Partners as co-agents. Proceeds will be directed towards the development of the Matawinie graphite mine and the Bécancour battery material plant, along with general operational costs. The offering operates under the terms of a Distribution Agreement dated January 21, 2022.
- Establishment of ATM Offering allowing for up to US$75 million in common share sales.
- Proceeds intended for critical development projects, enhancing future growth.
- No guarantees of sales under the ATM Offering, which may affect capital needs.
- Dependence on the favorable terms for successful completion of the offering.
The net proceeds of the ATM Offering are expected to be used for the development of the Matawinie graphite mine and the
Distributions of the Common Shares through the ATM Offering will be made pursuant to the terms of an equity distribution agreement dated
A prospectus supplement (the "Prospectus Supplement") to the Company's short form base shelf prospectus dated
The Prospectus Supplement filed in
This press release does not constitute an offer to sell or the solicitation of an offer to buy securities, nor will there be any sale of the securities in any province, state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such province, state or jurisdiction. The securities being offered and the contents of this press release have not been approved or disapproved by any regulatory authority, nor has any such authority passed upon by the accuracy or adequacy of the Prospectus Supplement, the Base Shelf Prospectus or the Registration Statement.
About Nouveau Monde
Nouveau Monde is striving to become a key contributor to the sustainable energy revolution. The Company is working towards developing a fully integrated source of carbon-neutral battery anode material in
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Cautionary Note Regarding Forward-Looking Information
All statements, other than statements of historical fact, contained in this press release including, but not limited to, statements regarding the timing and completion of the ATM Offering, the expected use of proceeds of the ATM Offering and those statements which are discussed under the “About Nouveau Monde” paragraph which essentially describe the Company’s outlook and objectives, constitute “forward-looking information” or “forward-looking statements” within the meaning of certain securities laws, and are based on expectations, estimates and projections as of the time of this press release. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Company as of the time of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect. Moreover, these forward-looking statements were based upon various underlying factors and assumptions, including that the ATM Offering distributions will be completed, if applicable, on favourable terms and that the proceeds from the ATM Offering distributions, will be utilized by Nouveau Monde as currently expected, and are not guarantees of future performance.
Forward-looking information and statements are subject to known or unknown risks and uncertainties that may cause actual results to differ materially from those anticipated or implied in the forward-looking information and statements. Risk factors that could cause actual results or events to differ materially from current expectations include, among others, general business and economic conditions, delays in the scheduled delivery times of the equipment, the ability of the Company to successfully implement its strategic initiatives and whether such strategic initiatives will yield the expected benefits, the availability of financing or financing on favorable terms for the Company, the dependence on commodity prices, the impact of inflation on costs, the risks of obtaining the necessary permits, the operating performance of the Company’s assets and businesses, competitive factors in the graphite mining and production industry, changes in laws and regulations affecting the Company’s businesses, political and social acceptability risk, environmental regulation risk, currency and exchange rate risk, technological developments, the impacts of the global COVID-19 pandemic and the governments’ responses thereto, and general economic conditions, as well as earnings, capital expenditure, cash flow and capital structure risks, general business risks and other risks, uncertainties and factors set out under the heading “Risk Factors” in the Company’s annual information form dated
Many of these uncertainties and contingencies can directly or indirectly affect, and could cause, actual results to differ materially from those expressed or implied in any forward-looking statements. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are provided for the purpose of providing information about management’s expectations and plans relating to the future. The Company disclaims any intention or obligation to update or revise any forward-looking statements or to explain any material difference between subsequent actual events and such forward-looking statements, except to the extent required by applicable law.
Neither the
Further information regarding Company is available on the SEDAR database (www.sedar.com), and for
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VP Communications & ESG Strategy
+1-450-757-8905 #140
jpaquet@nmg.com
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