NMG Publishes Triple Announcements

February 15, 2024

DENVER, Colo., Feb. 15, 2024 (247marketnews.com)- Nouveau Monde Graphite Inc (NYSE:NMG) simultaneously published three press releases this morning concerning what it states will be the first fully integrated source of natural graphite active anode material in North America

First, NMG and GM agreed to sign a multiyear supply agreement for 18,000 tons of annual active anode material, covering a significant portion of NMG’s expected Phase-2 integrated production, from graphite ore to battery materials, for which GM is committing up to US$150 million investment in two tranches to support advancement and ultimately construction of NMG’s Phase-2 operations.

The GM agreement combined with the parallel Panasonic Energy offtake agreement US$25 million private placement will cover approximately 85% of NMG’s planned active anode material production at its Phase-2 Bécancour Battery Material Plant.

NMG’s strategic partner, Mitsui, and long-time investor, Pallinghurst, will inject a total of US$37.5 million into NMG’s development, and the aggregate proceeds will be used to repurchase their previously announced convertible notes.

NMG’s Phase-2 Matawinie Mine and Bécancour Battery Material Plan now has up to an additional US$275 million in the aggregate tranche investment commitments from anchor customers, subject to certain conditions.

Arne H Frandsen, Chair of NMG, declared: “We welcome GM as a shareholder, invested in our robust North American commercial plan as well as our ESG commitments to responsible production and partnered development with First Nations and communities. On behalf of the Board of Directors, I commend NMG’s team for their outstanding work in defining what is set to become a thriving relationship providing certainty of supply for GM, a roadmap to value creation for stakeholders, and a robust foundation for growth for shareholders.”

COGT is trading at $2.44, up $0.36 (+17.31%), on 2.8M premarket shares.

Its 52-week range is $1.85 to $5.70. Today’s premarket high is $4.90.

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Cautionary Statement Regarding Forward Looking Information
Statements in this press release about the Company’s future and expectations other than historical facts are “forward-looking statements.” These statements are made on the basis of management’s current views and assumptions. As a result, there can be no assurance that management’s expectations will necessarily come to pass. These forward-looking statements generally can be identified by phrases such as “believes,” “plans,” “expects,” “anticipates,” “foresees,” “estimated,” “hopes,” “if,” “develops,” “researching,” “research,” “pilot,” “potential,” “could” or other words or phrases of similar import. Forward looking statements include descriptions of the Company’s business strategy, outlook, objectives, plans, intentions and goals. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements. This press release does not constitute an offer to sell or the solicitation of an offer to buy any security.

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