Nouveau Monde Stock Price, News & Analysis

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.

Nouveau Monde Graphite (NMG) reports progress on its Phase-2 operations, with integrated feasibility study results expected in Q1-2025. The company has received cumulative expressions of interest totaling approximately $1.4 billion for project financing and is eligible for a $350 million Canadian investment tax credit. NMG is advancing product qualification and commercial requirements with anchor customers Panasonic Energy and GM, who committed approximately US$275 million in future funding upon positive FID. The company awarded the Matawinie Mine's electrical substation contract to ABB and continues zero-emission mining equipment development with Caterpillar. Period-end cash position stands at $56.5 million.

NexaMotion Group (NMG) has completed its third acquisition of the year by purchasing City Auto Supply, a veteran-owned with three wholesale distributor locations - two in San Francisco and one in Honolulu. Founded in 1986, City Auto Supply carries over 100,000 individual parts and is a leading automotive parts distributor. This marks NMG's fifth acquisition in the general repair space over the past 18 months. The terms of the acquisition were not disclosed.

Nouveau Monde Graphite (NMG) has announced the payment of accrued interests as part of a previously announced private placement. The company will issue 205,460 common shares at a price of US$1.59 per share, totaling US$326,681, to Investissement Québec for the third quarter of 2024 accrued interests on an unsecured convertible note. This issuance is subject to approval from the TSX Venture Exchange and the New York Stock Exchange. The shares will be delivered at the maturity, conversion, or redemption of the Note and will be subject to a four-month and one-day hold period.

Nouveau Monde Graphite Inc. (NMG) has made significant progress in preparing for the construction of its Phase-2 Matawinie Mine. Key developments include:

1. Awarding the 120kV electrical substation contract to ABB, enabling zero-emission operations powered by clean hydroelectricity.

2. Advancing detailed engineering with AtkinsRéalis and SRK.

3. Engaging with local and Indigenous contractors to maximize regional economic benefits.

4. Securing financing for a recreational center adjacent to the mine, enhancing community integration.

The Matawinie Mine, set to become the world's first all-electric open-pit mine, will have a 103,000-tpa graphite mining and concentrator complex. NMG is collaborating with Caterpillar Inc. for a zero-emission mining fleet. The project aims to address the North American market's demand for local, carbon-neutral graphite supply, as Canada and the US currently produce minimal amounts globally.

Nouveau Monde Graphite Inc. (NMG) has appointed Stéphane Leblanc to its Board of Directors, effective September 10, 2024. Leblanc, a senior mining executive with over 30 years of experience, brings extensive global operational and functional leadership expertise to NMG as it approaches the launch of its Phase-2 Matawinie Mine and Bécancour Battery Material Plant. Previously serving as Managing Director at Rio Tinto Iron & Titanium, Leblanc's appointment is expected to strengthen NMG's execution plan to become the Western World's largest fully integrated producer of natural graphite active anode material for the clean energy transition.

The company's Chair, Arne H Frandsen, and CEO, Eric Desaulniers, welcomed Leblanc, highlighting his valuable experience in building, operating, and commercializing key mining assets. Directors Stephanie Andersen and Dr. Jürgen Köhler will be stepping down from their positions by the end of the year.

Nouveau Monde Graphite Inc. (NMG) reports progress on its Phase-2 Matawinie Mine and Bécancour Battery Material Plant projects, moving towards a final investment decision (FID). Key developments include:

- Accelerated engineering of Phase-2 facilities to update the integrated ore-to-anode-material feasibility study
- Preliminary work at the Phase-2 Bécancour Battery Material Plant site
- Progress on zero-emission equipment development for the Matawinie Mine with Caterpillar
- Approval of the powerline path for the Matawinie Mine
- $500,000 research grant awarded for next-generation active anode materials
- Continued commercial engagement for remaining Phase-2 production capacity
- Improving market conditions with rising natural graphite prices and EV sales growth
- Period-end cash position of $73.9 million

The company's multiyear offtake agreements with Panasonic Energy and General Motors, combined with favorable market dynamics, provide a solid foundation for scaling up operations.