Nouveau Monde Stock Price, News & Analysis

Nouveau Monde Graphite has engaged SD Capital Advisory Limited and GKB Ventures Limited as joint financial advisors for structuring project financing for its Matawinie Graphite Mining project in Québec. The focus is on accessing international debt finance through Export Credit Agencies (ECA), which offers a secure and lower-cost long-term capital option. CEO Eric Desaulniers highlighted the importance of this step in establishing a robust capital structure to support growth as construction commences. The Matawinie project aims to be a leader in sustainable graphite production.

Nouveau Monde is advancing the Matawinie mining project, set to start construction with anticipated commercial production by the end of 2023. The company aims to become North America's only fully integrated lithium-ion battery anode material producer, leveraging global graphite demand projected to grow by 410% by 2030. The Bécancour battery material plant is also under development, enhancing the company's sustainability and operational capabilities. Recent financing has attracted top-tier institutional investors, supporting its phased business plan.

Nouveau Monde Graphite has successfully closed its underwritten public offering of 7,915,000 common shares at US$7.50 per share, resulting in gross proceeds of US$59,362,500. The offering included shares purchased by Pallinghurst Graphite International Limited, contributing an additional US$5,300,000. The company plans to undertake a non-brokered private placement of 1,978,750 shares, aiming for gross proceeds of US$14,840,625. Proceeds from both offerings will support the development of the Matawinie mine and LiB anode plant projects.

Nouveau Monde and Caterpillar have signed a pivotal agreement to develop zero-emission machines for the Matawinie graphite mining project in Québec. This collaboration aims to achieve a fully powered renewable energy site, underscoring Nouveau Monde's commitment to sustainability. The partnership intends for Caterpillar to supply an all-electric mining fleet by 2028, leveraging clean hydroelectricity. With a focus on carbon neutrality in battery anode material production, Nouveau Monde is positioned as a leader in green resource innovation in the mining sector.

Nouveau Monde Graphite has announced a public offering of 7,000,000 common shares priced at US$7.50 per share, aiming for gross proceeds of US$52.5 million. The offering, which includes a 30-day option for underwriters to purchase additional shares, is set to close on June 23, 2021. Additionally, a non-brokered private placement is planned to raise up to US$13.125 million. Proceeds will support the development of the Matawinie mine and a lithium-ion battery anode plant.

Nouveau Monde Graphite announced a proposed underwritten public offering of 7,000,000 common shares (ticker: NMG) to fund its Matawinie project and LiB anode plant. The underwriters may purchase an additional 15% of shares via an Over-Allotment Option. Following the Offering, a non-brokered private placement of up to 1,750,000 shares is also planned. Proceeds will be allocated for development and general corporate expenses. The Offering is subject to regulatory approvals, potentially affecting shareholder value.

Nouveau Monde Graphite has signed a collaboration agreement with Lithion Recycling for recycling graphite to be reused as anode material in lithium-ion batteries. This partnership aims to enhance graphite circularity and establish a competitive edge within the battery materials market. Both companies will leverage their proprietary processes to develop a cost-effective solution for recycled graphite. Eric Desaulniers, CEO of Nouveau Monde, emphasizes the significance of recycling in supporting a sustainable economy, potentially increasing production capacity and revenue by incorporating recycled materials.

Nouveau Monde Graphite reported progress on its Phase 1 purification plant at Olin Corporation’s facility in Bécancour, Québec, stating the project is on schedule and budget. The mechanical and electrical commissioning is set for late June 2021, with production to begin in the second half of 2021. Additionally, construction for the Phase 1 coating line has started, targeting Q1 2022 for completion. A feasibility study for the larger Phase 2 plant has been awarded to BBA, with initiatives for environmental studies already underway at the 200,000 m² site.

Nouveau Monde Graphite Inc. has granted 605,000 stock options to its directors, officers, employees, and a consultant, each enabling the purchase of common shares at $16.84 for five years starting May 25, 2021. This initiative aligns with the company's strategy to develop a sustainable source of green battery anode material in Québec, aiming for commercial operations by 2023. Nouveau Monde focuses on low-cost, carbon-neutral graphite solutions for lithium-ion and fuel cell markets, targeting major battery and automobile manufacturers.