Nouveau Monde Stock Price, News & Analysis

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.

Nouveau Monde Graphite (NMG) announced the payment of accrued interests as part of a private placement. The TSX Venture Exchange and NYSE approved the settlement of interests owed to Investissement Québec for Q2 2024 under an amended unsecured convertible note. NMG will issue 172,048 common shares at US$1.89 each, totaling US$325,171, to settle these interests, with shares delivered at the note's maturity, conversion, or redemption. Issuance is subject to exchange approval and a four-month hold period. For private placements closed on May 1, 2024, interest on notes to Mitsui & Co. and Pallinghurst Bond ceased accruing as of February 14, 2024.

Nouveau Monde Graphite (NMG) held its virtual Annual General and Special Meeting, during which all proposed resolutions were adopted, including the reappointment of directors and auditors.

The company has secured offtake agreements with Panasonic Energy and General Motors for its Phase-2 production and is in talks with other tier-1 manufacturers for long-term agreements and potential equity investments. NMG is poised for construction once financing is secured, with Phase-2 sites ready and a core team assembled.

Project financing is being pursued through engagement with governmental agencies, strategic investors, and lenders. Positive geopolitical factors and increasing demand for EVs and energy storage support NMG's development. The company is also enhancing its Phase-2 feasibility study and working on zero-emission equipment for the Matawinie Mine in partnership with Caterpillar.

Details of the voting results are available on SEDAR and EDGAR.

NMG has reinforced its commercial ties with leading EV and battery manufacturers Panasonic Energy and GM, paving the way for additional offtake agreements. The company is actively engaging with governmental agencies, strategic investors, and lenders to refine its capital structure for Phase-2 project financing, assisted by Société Générale and BMO Capital Markets. NMG has outlined a project execution strategy for Phase-2 facilities to ensure better control and reduced costs.

The company's 2023 ESG Report highlights its progress in climate action, biodiversity management, and Indigenous relations. Additionally, NMG secured $37.5 million from Mitsui and Pallinghurst through private placements and completed tree clearing activities for the Phase-2 Bécancour Battery Material Plant.

Global EV sales are growing, with a 21% increase quarter-on-quarter. NMG's cash position stands at $88 million. The Annual General Meeting of shareholders is scheduled for June 27, 2024, via webcast.

Mason Resources announced a $1,000,000 investment in NorthX Nickel Corp. (formerly Archer Exploration Corp.) under a $2,275,000 private placement. Mason acquired 4,166,667 units at $0.24 per unit, each consisting of one common share and one share purchase warrant exercisable at $0.36 until May 14, 2027. This investment gives Mason a 14.6% stake in NorthX, potentially increasing to 25.5% if all warrants are exercised. Mason committed to not exceeding 19.9% of NorthX’s shares through warrant exercises. The investment aligns with Mason’s focus on Quebec's battery materials sector, leveraging the Grasset Project's high-grade nickel resource.