Nouveau Monde Stock Price, News & Analysis

Nouveau Monde Graphite (NYSE: NMG, TSX: NOU) held its Annual General and Special Meeting, where shareholders approved all resolutions including the appointment of seven directors, PricewaterhouseCoopers LLP as auditors, and amendments to the company's omnibus plan. Daniel Buron was appointed as the new Chair, succeeding Arne H Frandsen. The company received three nominations for Fastmarkets' Volta Awards: Best New Project for the Matawinie Mine (106,000 tpa graphite concentrate capacity), Innovation of the Year for their hydroelectricity-powered ore-to-battery-material value chain, and Leader of the Year for CEO Eric Desaulniers. Despite challenging geopolitical conditions, NMG reports continued growth in EV sales and energy storage systems deployment, while maintaining active engagement with customers and financial stakeholders for their Phase-2 projects.

Nouveau Monde Graphite (NMG) has secured over US$1 billion in letters of interest for its Phase-2 project debt financing. The funding includes US$430 million from Export Development Canada, US$172 million from Export-Import Bank of the United States, and US$481 million from undisclosed parties. The financing will support NMG's Phase-2 Matawinie Mine and Bécancour Battery Material Plant projects, which aim to produce natural graphite and active anode material near Montreal. According to the Updated Feasibility Study, the integrated projects show an after-tax IRR of 17.5% and NPV of US$1,053 million. The debt providers are considering long-term financing beyond 10 years with no capital repayment during construction. The project is undergoing due diligence processes and requires successful equity financing with strategic investors and completion of conditions for offtake agreements to reach final investment decision (FID).

NMG (NYSE: NMG, TSX: NOU) provided updates on its Phase-2 commercial development plans and ESG initiatives. The company is advancing its Updated Feasibility Study for the Matawinie Mine and Bécancour Battery Material Plant projects, with active financing efforts showing cumulative expressions of approximately $1.6 billion and potential for securing $450 million through Canadian Investment Tax Credit. NMG reported a strong cash position of $89 million and maintained positive safety metrics with a TRIFR of 1.77. The company is working with specialized Asian firms on technical development and has initiated decommissioning of its Phase-1 Purification Plant. Amid growing EV demand and U.S.-China tensions, NMG is positioning itself as an alternative natural graphite supplier. The company announced its Annual General Meeting for June 17, 2025, with new board nominees Paola Farnesi and Édith Jacques, while three current directors will not seek re-election.

Nouveau Monde Graphite (NYSE: NMG, TSX: NOU) has announced the payment of accrued interests for Q1 2025 through the issuance of common shares to Investissement Québec. The payment is part of a previously announced private placement from November 8, 2022.

The company will issue 194,684 common shares at US$1.49 per share, totaling US$290,079. These shares will be delivered to Investissement Québec at the maturity, conversion, or redemption of the unsecured convertible note. The shares will be subject to a 4-month and one-day hold period, pending approval from both the Toronto Stock Exchange and New York Stock Exchange.

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.