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Nouveau Monde Graphite announced its application to list common shares on the New York Stock Exchange (NYSE), pending regulatory approval. In addition, the company filed a preliminary short form base shelf prospectus in Canada, allowing it to issue up to $500 million in securities over a 25-month period. The filing aims to enhance financial flexibility and quickly capitalize on market opportunities. However, it remains uncertain if any securities will be offered within this timeframe.
Nouveau Monde Graphite has announced a share consolidation at a ratio of one new Common Share for every ten existing shares, following an overwhelming 98.43% approval from shareholders. This consolidation is intended to facilitate a potential listing on a U.S. stock exchange, which could enhance the Company's global visibility and business operations. Currently, there are approximately 370 million shares outstanding, which will reduce to around 37 million after consolidation. The new trading status on the TSX Venture Exchange is expected to begin on or about March 31, 2021.
Nouveau Monde announces completion of Front-End Loading engineering analysis (FEL-1) for Phase 2 of its Bécancour VAP project, aiming to become North America's largest anode material producer. The Phase 1 plant is under construction, targeting 2 ktpa capacity, while Phase 2 seeks to produce 42 ktpa of anode material from its Matawinie project and third-party sources. Projected annual operating profit for Phase 2 could reach up to US$200 million. Financing will involve two-thirds non-dilutive methods. The company remains dedicated to carbon neutrality and developing sustainable practices.
Nouveau Monde announces significant progress in its Bécancour VAP project, aimed at becoming the largest North American producer of high-quality lithium-ion anode materials. The project includes a new facility with a capacity of 42 ktpa of anode material, expecting an annual operating profit of up to US$200 million at full capacity. The Phase 1 plant is under construction, with production expected within 12 months. A Front-End Loading analysis supports further expansion, with a FEL-2 study commencing. The company emphasizes its commitment to carbon neutrality and efficient operations in its strategic development.
Nouveau Monde Graphite has appointed Evercore Group LLC as its financial advisor to evaluate a potential listing of shares on a U.S. exchange, either NYSE or Nasdaq. This move aligns with the company's strategy to become a leading anode material producer in North America, targeting commercial production for 2023. A special meeting of shareholders is set for March 23, 2021, to consider a share consolidation necessary for the U.S. listing. Approval is contingent on shareholder consent and meeting regulatory requirements.
Nouveau Monde Graphite has successfully closed a private placement of common shares, raising approximately C$5.75 million at C$1.45 per share, part of a larger financing effort that includes a C$17 million public offering. In total, the company has garnered close to C$22 million in net proceeds. Key investors include Investissement Québec and Pallinghurst, both subscribing fully to the private placement. The funds will support the Bécancour graphite project and cover general corporate expenses. Notably, the private placement involves related party transactions with Pallinghurst, which is an insider investment.
The Québec Government has authorized the construction of Nouveau Monde's Matawinie mining project, enabling the production of 100,000 tonnes per annum of high-quality graphite. This project is designed to be environmentally sustainable, featuring advanced water management, tailings co-disposal, and progressive land reclamation. The mine is anticipated to be North America’s largest and aims to meet the growing demand from EV and renewable energy sectors. Early works are scheduled to begin in Q2-2021, with full operations starting in 2023.
Nouveau Monde Graphite secured $16.5M from the exercise of previously-issued warrants, bolstering its financial position with a cash balance of $34M. The investment, supported by its largest investor, The Pallinghurst Group, will enable the company to advance its mining and value-added projects. The firm anticipates raising up to $5.75M in February through a private placement. The funds will support the Bécancour project and the Matawinie mine engineering. Pallinghurst's continued investment signifies strong confidence in Nouveau Monde’s growth strategy.
Nouveau Monde Graphite (OTCQX: NMGRF) will present at the virtual Fall Investor Summit from November 16th-18th, 2020. The summit features 75 companies and over 300 investors, providing a platform for smallcap and microcap firms to connect with potential investors. Nouveau Monde Graphite is leading the sustainable energy movement as the only fully-integrated, carbon-neutral graphite anode material producer in North America. The company aims for full-scale commercial operations by early 2023, supplying advanced materials for the lithium-ion and fuel cell markets.
