Nouveau Monde Graphite Bags Multiyear Offtakes And Total $87.5M Investment From Anchor Customers And Strategic Investors

2/15/24 6:41:33 AM ET

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Panasonic Energy and GM (together, the "Anchor Customers") concurrently commit to multiyear offtake agreements for NMG's active anode material, covering approximately 85% of NMG's planned Phase-2 fully integrated production, from ore to battery materials. Strategic partner Mitsui and long-time investor Pallinghurst inject a total of $37.5 million into NMG's development, the aggregate proceeds of which will be used to repurchase their previously announced convertible notes.

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Nouveau Monde Graphite Bags Multiyear Offtakes And Total $87.5M Investment From Anchor Customers And Strategic Investors

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SEC Form SC 13D/A filed by Nouveau Monde Graphite Inc. (Amendment)

SEC Form SC 13D/A filed by Nouveau Monde Graphite Inc. (Amendment)

SEC Form SC 13G filed by Nouveau Monde Graphite Inc.

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Executive Vice President & CFO Jacobson Paul A bought $1,102,750 worth of shares (25,000 units at $44.11), increasing direct ownership by 11% to 261,872 units (SEC Form 4)

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