NMG Capitalizes Accrued Interests
NMG Capitalizes Accrued Interests
MONTRÉAL--(BUSINESS WIRE)--January 2, 2023--Nouveau Monde Graphite Inc. (“NMG”
or the “Company”) (NYSE: NMG, TSX.V: NOU) announces today the capitalization of accrued
interests as part of a previously announced private placement.
Settlement of accrued interests
NMG has capitalized accrued interests owed to Investissement Québec, Pallinghurst Bond
Limited and Mitsui & Co., Ltd. (the “Holders”) under the unsecured convertible notes (the
“Notes”) issued in connection with the private placement announced by press release dated
November 8, 2022.
An aggregate amount of US$611,712 will be capitalized and 160,976 common shares at a price
of US$3.80 (each, a “Common Share”) will be issued to Holders at the maturity or conversion of
the Notes in payment of the accrued interests due on December 31, 2022. The issuance of
Common Shares is subject to the approval of the TSX Venture Exchange and the New York
Stock Exchange and, when issued, will be subject to a hold period of four (4) months and one
day.
Other
On November 18, 2022, NMG announced the grant of 50,000 stock options to an officer at a
price of $6.48 per common share for a period expiring on November 13, 2027. NMG wishes to
correct the expiration date of these options to November 14, 2027.
About Nouveau Monde Graphite
NMG 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, NMG 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 those describing the potential conversion of the Notes, the issuance of the
Common Shares and the vesting of the stock options and 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 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 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, 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. A further
description of risks and uncertainties can be found in NMG’s Annual Information Form dated
March 22, 2022, including in the section thereof captioned “Risk Factors”, which is available
on SEDAR at www.sedar.com 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.
The market and industry data contained in this press release is based upon information from
independent industry publications, market research, analyst reports and surveys and other
publicly available sources. Although the Company believes these sources to be generally
reliable, market and industry data is subject to interpretation and cannot be verified with
complete certainty due to limits on the availability and reliability of raw data, the voluntary
nature of the data-gathering process and other limitations and uncertainties inherent in any
survey. The Company has not independently verified any of the data from third-party sources
referred to in this press release and accordingly, the accuracy and completeness of such data is
not guaranteed.
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
This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall
there be any sale of the securities in any state in which such offer, solicitation or sale would be
unlawful. The securities being offered have not been, nor will they be, registered under the
United States Securities Act of 1933, as amended (the "U.S. Securities Act") and may not be
offered or sold to, or for the account or benefit of, persons in the United States or U.S. persons
absent registration or an applicable exemption from the registration requirements of the U.S.
Securities Act and applicable state securities laws. "United States" and "U.S. person" are as
defined in Regulation S under the U.S. Securities Act.
Contacts
MEDIA
Julie Paquet
VP Communications & ESG Strategy
+1-450-757-8905 #140
INVESTORS
Marc Jasmin
Director, Investor Relations
+1-450-757-8905 #993