Welcome to our dedicated page for Nouveau Monde news (Ticker: NMG), a resource for investors and traders seeking the latest updates and insights on Nouveau Monde stock.
Nouveau Monde Graphite Inc. (NMG) delivers critical battery-grade graphite for the electric vehicle revolution through its Quebec-based mining and processing projects. This page aggregates official press releases and verified news about NMG’s operational milestones, financial performance, and strategic partnerships.
Investors and industry stakeholders will find timely updates on the Matawinie Mine development, battery material production advancements, and sustainability initiatives. Content spans quarterly results, resource estimates, supply agreements, and environmental stewardship efforts aligned with net-zero goals.
All materials adhere to NI 43-101 technical reporting standards, ensuring reliable data for informed decision-making. Bookmark this page to track NMG’s progress in establishing North America’s first fully integrated graphite-to-battery-materials operation powered by renewable energy.
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.
Nouveau Monde Graphite Inc. (NMG) has successfully closed two private placements totaling US$37.5 million from Mitsui & Pallinghurst. The investments were confirmed on February 15, 2024, and May 1st, 2024. Mitsui & Pallinghurst are the investors. More information can be found on NMG's press releases on SEDAR, EDGAR, and the company's website.
Nouveau Monde Graphite Inc. (NYSE:NMG, TSXV: NOU) secured shareholder approval for private placements totaling US$37.5M by Mitsui and Pallinghurst. The placements involve surrendering and canceling convertible notes dated November 8, 2022, with closing set for May 2, 2024. Mitsui's US$25M and Pallinghurst's US$12.5M private placements received disinterested shareholder approval, adhering to Regulation 61-101 and Policy 5.9. The company engaged Fort Capital Partners for a valuation analysis, determining the placements as fair. Shareholders voted in favor of all resolutions, including creating new control persons for Mitsui, General Motors , and Panasonic Holdings Mitsui and Pallinghurst will exchange their convertible notes for common shares and warrants, subject to TSX Venture Exchange approval.
Mason Resources Inc. congratulates Black Swan Graphene on the successful launch of their Graphene-Enhanced Commercial Masterbatches called GraphCore, which offer price-performance improvements without supply chain disruption. The products are available through globally represented distributors and are currently undergoing external industrial trials in various polymers.
FAQ
What is the current stock price of Nouveau Monde (NMG)?
What is the market cap of Nouveau Monde (NMG)?
