Nouveau Monde - NMG STOCK NEWS

Nouveau Monde Graphite (NMG) has filed its 2024 financial reports and issued an Updated Feasibility Study for its integrated Phase-2 Matawinie Mine and Bécancour Battery Material Plant projects. The company has received approximately $1.6 billion in expressions of interest from potential lenders, Anchor Customers, and institutional equity investors as it progresses toward Final Investment Decision (FID).

Key developments include:

• US$100 million equity investments from Panasonic, GM, CGF and IQ
• Additional US$37.5 million private placements from Mitsui and Pallinghurst
• Signature of an impact agreement with Atikamekw First Nation
• Uplisting to TSX
• Period-end cash position of $106 million

The company maintained strong environmental performance with no major incidents and achieved carbon-neutral status. Both Phase-2 sites are ready for construction pending FID, project financing, and necessary authorizations.

NMG (NYSE: NMG, TSX: NOU) has released an Updated Feasibility Study for its integrated Phase-2 operations, encompassing the Matawinie Mine and Bécancour Battery Material Plant in Québec, Canada. The study shows an after-tax IRR of 17.5% and NPV of US$1,053 million.

The company has secured offtake agreements with Panasonic Energy and General Motors, covering over 80% of planned Phase-2 active anode material production. The integrated production model includes a Matawinie Mine output of 105,882 tonnes per annum of graphite concentrate over a 25-year life span, feeding the Bécancour Battery Material Plant for advanced processing.

Upon positive final investment decision (FID), both facilities could enter commercial production within three years. The project benefits from Québec's hydropower infrastructure and strategic location within 150-km radius of Montréal. Key risks identified include water treatment process technology optimization and integration of Asian suppliers into detailed engineering.

Nouveau Monde Graphite (NYSE: NMG, TSX: NOU) announced its participation in BMO's 34th Global Metals, Mining and Critical Minerals Conference in Hollywood, Florida. The company's leadership team will showcase its integrated graphite operation to capital markets, highlighting its Phase 2 project which includes the future Matawinie Mine and Bécancour Battery Material Plant.

This strategic initiative aligns with North America's efforts to establish domestic production of critical minerals for the energy sector. The conference, which attracts approximately 600 capital providers, will feature a presentation by Founder, President and CEO Eric Desaulniers on Tuesday, February 25, at 11:00 a.m. EST. The presentation will be available via live webcast and subsequently accessible for on-demand viewing on NMG's website in the Investing section.

Nouveau Monde Graphite (NYSE: NMG, TSXV: NOU) has received final approval to uplist its common shares to the Toronto Stock Exchange (TSX), effective January 20, 2025, under the ticker symbol 'NOU'. The uplisting follows significant commercial, financing, and corporate development milestones achieved in 2024.

The company's common shares will be voluntarily delisted from the TSX Venture Exchange at market close on January 17, 2025. The TSX uplisting, complementing NMG's NYSE listing, aims to enhance the company's visibility and credibility in capital markets, particularly in the North American battery and EV sector.

The TSX ranks as the third-largest North American exchange by market capitalization and tenth largest globally, serving as the primary listing venue for numerous large mining, energy, and clean technology companies in Canada.

Nouveau Monde Graphite (NYSE: NMG, TSX.V: NOU) has announced the settlement of accrued interests for Q4 2024 through a share issuance arrangement. The company will issue 193,072 common shares at US$1.58 per share to Investissement Québec, totaling US$305,054 in accrued interests under an unsecured convertible note. The share issuance is pending approval from both the TSX Venture Exchange and New York Stock Exchange. Once approved, the shares will be subject to a four-month and one-day hold period, with certificates to be delivered upon the note's maturity, conversion, or redemption.

Nouveau Monde Graphite (NYSE: NMG, TSX.V: NOU) has successfully closed a US$50 million private placement with equal contributions from the Canada Growth Fund (CGF) and Investissement Quebec (IQ). Each investor subscribed to 19,841,269 common shares at US$1.26 per share and an equal number of warrants.

The proceeds will fund detailed engineering, procurement of long-lead items, Phase-2 critical-path activities, and general expenses. The warrants allow holders to acquire shares at US$2.38 within five years from closing, subject to a 19.9% ownership cap. Following the placement, CGF could potentially own 23.1% of NMG shares if all warrants are exercised, while IQ's ownership could reach 28.89% on a partially diluted basis.

Nouveau Monde Graphite (NMG) has secured a US$50-million equity investment from Canada Growth Fund (CGF) and the Government of Québec through Investissement Québec. The investment involves issuing 39,682,538 common shares at US$1.26 per share, with each share accompanied by a warrant exercisable at US$2.38. The funding will support NMG's Phase-2 Matawinie Mine and Bécancour Battery Material Plant development through detailed engineering and long-lead item orders.

The investment marks CGF's first direct investment and demonstrates continued support from Québec. The deal is expected to close around December 19, 2024, subject to regulatory approvals. NMG plans to release an updated feasibility study for its integrated Phase-2 operations in early Q1-2025, focusing on optimizing production parameters, engineering, and cost projections.

Nouveau Monde Graphite (NYSE: NMG, TSX.V: NOU) has appointed Chantal Sorel to its Board of Directors, replacing Dr. Jürgen Köhler. Sorel brings 35 years of experience in project management, financing, construction, and operations across global markets. Her appointment comes at a important time as NMG finalizes its updated feasibility study and execution plans for the Phase-2 Matawinie Mine and Bécancour Battery Material Plant.

Sorel's extensive background includes strategic positions in power, infrastructure, rail and transit, airports, industrial facilities, mining and metallurgy sectors. She holds a Bachelor's in architecture from the University of Montréal and a Master's in Project Management from the University of Québec.

Nouveau Monde Graphite (NYSE:NMG, TSXV:NOU) has signed an impact benefit agreement with the Atikamekw First Nation of Manawan for the Matawinie mining project. The agreement, following community consultation, establishes the Manawan Atikamekw's participation in the responsible development of graphite in the Nitaskinan region.

The partnership encompasses environmental management, training, employment opportunities, business partnerships, and financial benefits sharing. Key features include the First Nation's involvement in environmental monitoring, preferential training measures, and business opportunities during mine construction and operations. The agreement also emphasizes cultural recognition and safety measures.

A joint working committee will be established to ensure effective implementation of the agreement, marking a significant milestone in the project's development.