The Prospector News

NMG Announces the Closing of US$50 Million Private Placement by Mitsui, Pallinghurst and Investissement Québec

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

NMG Announces the Closing of US$50 Million Private Placement by Mitsui, Pallinghurst and Investissement Québec

 

 

 

 

 

Nouveau Monde Graphite Inc. (NYSE: NMG) (TSX-V: NOU) announces it has closed its private placement announced on October 20, 2022  of unsecured convertible notes for aggregate gross proceeds of US$50 million in accordance with the subscription agreements entered into between the Company and each of Mitsui & Co., LTD (TYO:8031), Pallinghurst Bond Limited and Investissement Québec on October 19, 2022. Through the Private Placement, Mitsui subscribed for US$25 million in Convertible Note, while Pallinghurst and IQ each subscribed for US$12.5 million. The Company intends to use the proceeds of the Private Placement to work in the upcoming months on optimizing the feasibility study dated July 6, 2022, on NMG’s Phase-2 Commercial integrated operations, which was filed on SEDAR and EDGAR on August 10, 2022.

 

The Convertible Notes are subject to a hold period of 4 months and one day expiring on March 9, 2023 (and the common shares and warrants of the Company issuable upon conversion of the Convertible Notes, if issued before that period).

 

For further information regarding the Private Placement and the Convertible Notes, please refer to NMG’s press release dated October 20, 2022, available under NMG’s profile on SEDAR at www.sedar.com and on EDGAR www.sec.gov, and on NMG’s website at: https://nmg.com/panasonic-offtake/.

 

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.

 

Posted November 9, 2022

Share this news article

MORE or "UNCATEGORIZED"


Atico Produces 3.73 Million Pounds of Cu and 2,874 Ounces of Au in Second Quarter 2024

Atico Mining Corporation (TSX-V: ATY) (OTCQX: ATCMF) announces it... READ MORE

July 19, 2024

Lithium Ionic Completes US$20 Million Royalty Agreement with Appian Capital

Lithium Ionic Corp. (TSX-V: LTH) (OTCQX: LTHCF) (FSE: H3N) is ple... READ MORE

July 19, 2024

Golden Cariboo Intersects New Discovery with Multiple Examples of Visible Gold in Each of Three Drill Holes at the Halo Zone 830m from the Quesnelle Gold Quartz Mine

Golden Cariboo Resources Ltd. (CSE: GCC) (OTC: GCCFF) (WKN: A402C... READ MORE

July 18, 2024

North Bay Resources Acquires Mt. Vernon Gold Mine, Sierra County, California, with Assays up to 4.8 oz. Au per Ton

North Bay Resources Inc. (OTC: NBRI) is pleased to announce it ha... READ MORE

July 18, 2024

Entrée Resources Announces Additional Drill Results and Provides an Update on Underground Development Work

Entrée Resources Ltd. (TSX:ETG) (OTCQB:ERLFF)  is pleased to pr... READ MORE

July 18, 2024

Copyright 2024 The Prospector News