NMG Announces the Engagement of Red Cloud Securities and Specifies the Grant of Consultant Options
NMG Announces the Engagement of Red Cloud Securities and Specifies the
Grant of Consultant Options
MONTRÉAL--(BUSINESS WIRE)--January 18, 2023--Nouveau Monde Graphite Inc. (“NMG”
or the “Company”) (NYSE: NMG, TSXV: NOU) announces the engagement of Red Cloud
Securities to provide liquidity services to the Company. Also, NMG specifies that the new
options granted on December 1, 2022, to two consultants, will vest at certain conditions on or
before March 28, 2025, and will expire two (2) years following the vesting of those options (no
later than March 28, 2027).
Engagement of Red Cloud Securities
NMG announces that it has retained Red Cloud Securities (“Red Cloud”), subject to all required
regulatory approvals, including the approval of the TSX Venture Exchange (the “Exchange”) to
provide liquidity services to the Company in compliance with the policies and guidelines of the
Exchange and other applicable legislation, pursuant to an agreement engagement letter entered
into between the Company and Red Cloud effective January 2, 2023 (the “Agreement”). Red
Cloud is a Toronto-based financial services company that helps mineral exploration and mining
companies with accessing capital markets and enhancing their corporate profile. Red Cloud is
not promoting the specific purchase or sale of securities. Red Cloud will trade shares of NMG on
the Exchange for the purposes of maintaining a reasonable market and improving the liquidity of
NMG’s common shares.
Under the Agreement, the Company will pay Red Cloud $5,000 per month during the term,
payable quarterly in advance. The term of engagement is ongoing and may be terminated by
either party on 30-day prior written notice. The Company and Red Cloud have an arm’s length
relationship, but Red Cloud and/or its clients may have an interest, directly or indirectly, in the
securities of NMG. Adam Smith will be the responsible person. The Agreement is principally for
the purposes of maintaining market stability and liquidity for the Company's common shares and
is not a formal market-making agreement. There are no performance factors contained in the
Agreement and Red Cloud will not receive any shares or options from the Company as
compensation for the services it will render.
Other
On December 1, 2022, NMG announced the cancellation of 487,804 options and grant of
453,048 new options to two consultants, subject to the Exchange approval. NMG wishes to
specify that those new options will vest at certain conditions on or before March 28, 2025, and
will expire two (2) years following the vesting of those options (no later than March 28, 2027).
About Red Cloud Securities
Red Cloud Securities Inc. is registered as an Investment Dealer in Ontario, Québec, Alberta and
British Columbia and is a member of the Investment Industry Organization of Canada. It is
focused on providing unique comprehensive capital market services and innovative financing
alternatives to the junior resource sector. The company was founded by capital markets
professionals who designed the firm to service small public and private companies. This solution
is a comprehensive platform that provides a full range of unconflicted corporate access services.
Offering these services as a unified platform provides the ultimate value proposition for issuer
clients.
About Nouveau Monde Graphite
Nouveau Monde Graphite 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 Graphite
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
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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 the vesting of the new options and the “About Nouveau Monde Graphite”
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.
Contacts
MEDIA
Julie Paquet
VP Communications & ESG Strategy
+1-450-757-8905 #140
INVESTORS
Marc Jasmin
Director, Investor Relations
+1-450-757-8905 #993