Nouveau Monde Announces Grant of Stock Options

Rhea-AI Summary

Nouveau Monde Graphite Inc. (NYSE: NMG) has announced the grant of 225,000 stock options to an officer at a price of $8.87 per share, expiring on January 23, 2027. These options will vest in four equal installments every six months from the grant date. The company aims to develop a sustainable source of carbon-neutral battery anode materials in Québec, targeting the lithium-ion and fuel cell markets, while adhering to high ESG standards.

Positive

• Granting of 225,000 stock options may align officer incentives with shareholder interests.
• Company focuses on sustainable energy solutions and aims to become a key supplier in the battery market.

Negative

• Stock options could dilute existing shareholders' equity if exercised.

MONTRÉAL--(BUSINESS WIRE)-- Nouveau Monde Graphite Inc. (“Nouveau Monde” or the “Company”) (NYSE: NMG, TSXV: NOU) announces the grant of 225,000 stock options to an officer. These stock options are granted in accordance with the terms of the stock option plan of the Company. Each option entitles the holder thereof to purchase one common share of the Company at a price of $8.87 per common share for a period expiring on January 23, 2027. These options shall vest in four equal installments every six months following the grant date.

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 Québec, Canada for the growing lithium-ion and fuel cell markets. With low-cost operations and enviable ESG standards, Nouveau Monde aspires to become a strategic supplier to the world’s leading battery and automobile manufacturers, providing high-performing and reliable advanced materials while promoting sustainability and supply chain traceability. www.NMG.com

Cautionary Note Regarding Forward-Looking Information
All statements, other than statements of historical fact, contained in this press release including, but not limited to, 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 the current technological trends, the business relationship between the Company and its stakeholders, the ability to operate in a safe and effective manner, the timely delivery and installation of the equipment supporting the production, the Company’s business prospects and opportunities and estimates of the operational performance of the equipment, 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, 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 and general business risks. Unpredictable or unknown factors not discussed in this Cautionary Note could also have material adverse effects on forward-looking statements.

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 TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Further information regarding the Company is available in the SEDAR database (www.sedar.com), and for United States readers on EDGAR (www.sec.gov), and on the Company’s website at: www.NMG.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220124005818/en/

Julie Paquet

VP Communications & ESG Strategy

+1-450-757-8905 #140

jpaquet@nmg.com

Source: Nouveau Monde Graphite Inc.

FAQ

What recent stock options were granted by Nouveau Monde Graphite Inc. (NMG)?

Nouveau Monde Graphite Inc. granted 225,000 stock options to an officer at a price of $8.87 per share, expiring on January 23, 2027.

How will the stock options for Nouveau Monde (NMG) vest?

The stock options will vest in four equal installments every six months following the grant date.

What is the goal of Nouveau Monde Graphite Inc. regarding battery materials?

Nouveau Monde aims to develop a fully integrated source of carbon-neutral battery anode materials in Québec.

What are the potential risks associated with the stock options granted by Nouveau Monde (NMG)?

The issuance of stock options may lead to shareholder dilution if exercised.