NMG Announces the Closing of Aggregate US$37.5 Million Private Placement by Mitsui and Pallinghurst
NMG Announces the Closing of Aggregate US$37.5 Million Private Placement
by Mitsui and Pallinghurst
MONTRÉAL--(BUSINESS WIRE)--May 2, 2024--Nouveau Monde Graphite Inc. (“NMG“ or
the “Company”) (NYSE: NMG, TSX.V: NOU) confirms it has closed its private placements
previously announced on February 15, 2024, and May 1st, 2024, (the ‘’Private Placements”)
representing a gross aggregate amount of US$37.5 million from Mitsui & Co., Ltd. (‘’Mitsui”)
(TYO:8031) and Pallinghurst Bond Limited (‘’Pallinghurst”).
For further information regarding the Private Placements, please refer to NMG’s press releases
dated May 1, 2024, and February 15, 2024, available under the Company’s profile on SEDAR+
at www.sedar.com and on EDGAR at www.sec.gov, as well as on NMG’s website at:
https://nmg.com/private-investment-offtake/ and https://nmg.com/approval-mitsui-pallinghurst-
placements/
About Nouveau Monde Graphite
Nouveau Monde Graphite is an integrated company developing responsible mining and
advanced manufacturing operations to supply the global economy with carbon-neutral active
anode material to power EV and renewable energy storage systems. The Company is developing
a fully integrated ore-to-battery-material source of graphite-based active anode material in
Québec, Canada. With enviable ESG standards and structuring partnerships with anchor
customers, NMG is set to become a strategic supplier to the world’s leading lithium-ion battery
and EV manufacturers, providing high-performing and reliable advanced materials while
promoting sustainability and supply chain traceability. www.NMG.com
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Cautionary Note
All statements, other than statements of historical fact, contained in this press release including,
but not limited to those statements which are discussed under the “About Nouveau Monde
Graphite” paragraph and elsewhere in the press release which essentially describe the
Company’s outlook and objectives, constitute “forward-looking information” or “forward-
looking statements” (collectively, “forward-looking statements”) within the meaning of
Canadian and United States 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 at estimated prices of the equipment
supporting the production, assumed sale prices for graphite concentrate, the accuracy of any
Mineral Resource estimates, future currency exchange rates and interest rates, political and
regulatory stability, prices of commodity and production costs, the receipt of governmental,
regulatory and third party approvals, licenses and permits on favorable terms, sustained labor
stability, stability in financial and capital markets, availability of equipment and critical
supplies, spare parts and consumables, the various tax assumptions, CAPEX and OPEX
estimates, all economic and operational projections relating to the project, local infrastructures,
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 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
statements. Risk factors that could cause actual results or events to differ materially from current
expectations include, among others, those risks, 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, including the
changes in China’s policy regarding restrictions on Chinese graphite materials exportations,
political and social acceptability risk, environmental regulation risk, currency and exchange
rate risk, technological developments, and general economic conditions, as well as earnings,
capital expenditure, cash flow and capital structure risks and general business risks. A further
description of risks and uncertainties can be found in NMG’s Annual Information Form dated
March 27, 2024, including in the section thereof captioned “Risk Factors”, which is available
on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov. 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.sedarplus.ca), and for United States readers on EDGAR (www.sec.gov), and on the
Company’s website at: www.NMG.com
Contacts
MEDIA
Julie Paquet
VP Communications and ESG Strategy
+1-450-757-8905, ext. 140
INVESTORS
Marc Jasmin
Director, Investor Relations
+1-450-757-8905, ext. 993