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Nouveau Monde Graphite has announced a public offering of 7,000,000 common shares priced at US$7.50 per share, aiming for gross proceeds of US$52.5 million. The offering, which includes a 30-day option for underwriters to purchase additional shares, is set to close on June 23, 2021. Additionally, a non-brokered private placement is planned to raise up to US$13.125 million. Proceeds will support the development of the Matawinie mine and a lithium-ion battery anode plant.
Nouveau Monde Graphite announced a proposed underwritten public offering of 7,000,000 common shares (ticker: NMG) to fund its Matawinie project and LiB anode plant. The underwriters may purchase an additional 15% of shares via an Over-Allotment Option. Following the Offering, a non-brokered private placement of up to 1,750,000 shares is also planned. Proceeds will be allocated for development and general corporate expenses. The Offering is subject to regulatory approvals, potentially affecting shareholder value.
Nouveau Monde Graphite has signed a collaboration agreement with Lithion Recycling for recycling graphite to be reused as anode material in lithium-ion batteries. This partnership aims to enhance graphite circularity and establish a competitive edge within the battery materials market. Both companies will leverage their proprietary processes to develop a cost-effective solution for recycled graphite. Eric Desaulniers, CEO of Nouveau Monde, emphasizes the significance of recycling in supporting a sustainable economy, potentially increasing production capacity and revenue by incorporating recycled materials.
Nouveau Monde Graphite reported progress on its Phase 1 purification plant at Olin Corporation’s facility in Bécancour, Québec, stating the project is on schedule and budget. The mechanical and electrical commissioning is set for late June 2021, with production to begin in the second half of 2021. Additionally, construction for the Phase 1 coating line has started, targeting Q1 2022 for completion. A feasibility study for the larger Phase 2 plant has been awarded to BBA, with initiatives for environmental studies already underway at the 200,000 m² site.
Nouveau Monde Graphite Inc. has granted 605,000 stock options to its directors, officers, employees, and a consultant, each enabling the purchase of common shares at $16.84 for five years starting May 25, 2021. This initiative aligns with the company's strategy to develop a sustainable source of green battery anode material in Québec, aiming for commercial operations by 2023. Nouveau Monde focuses on low-cost, carbon-neutral graphite solutions for lithium-ion and fuel cell markets, targeting major battery and automobile manufacturers.
Nouveau Monde Graphite has announced the approval for its common shares to be listed on the New York Stock Exchange (NYSE) under the ticker 'NMG', starting May 24, 2021. This listing marks a crucial milestone for the Company, which is currently working on its Phase 1 beneficiation plant, expected to produce battery-grade graphite in 2022. The Company emphasizes its commitment to sustainability and aims to establish itself as North America’s largest integrated anode material production facility, while sharing its ambition to support the electrification of transportation and energy systems.
Nouveau Monde Graphite has nominated Andrew Willis, co-founder of The Pallinghurst Group, to its Board of Directors. With over 15 years of international finance experience, he is expected to enhance the company's strategic direction. This leadership change follows the resignation of Chris Shepherd. Additionally, the company released its inaugural 2020 Annual Report, highlighting progress in the Matawinie graphite mine and Bécancour anode material project. Nouveau Monde aims to become a key player in sustainable energy, targeting commercial operations by 2023.
Nouveau Monde Graphite announced the refiling of a March press release and material change report on May 12, 2021, due to a violation concerning future-oriented financial information (FOFI). The FOFI was removed, as it extended beyond December 31, 2022, which does not comply with continuous disclosure obligations. The company emphasized that investors should not rely on this FOFI for investment decisions. Nouveau Monde aims to become a major supplier of sustainable battery anode materials, with operations targeting 2023.
Nouveau Monde Graphite announced the appointment of Dr. Jürgen Köhler to its Board effective April 1, 2021. Dr. Köhler, a former CEO of SGL Carbon, brings over 25 years of expertise in advanced graphite materials and plant operations. His extensive experience is expected to significantly benefit Nouveau Monde as it develops lithium-ion battery anode material facilities powered by green hydropower. The company aims to become a leading producer of battery anode materials for the clean energy market, targeting commercial operations by 2023.
