Nouveau Monde Graphite Inc. announces the pricing of a public equity offering of 8,333,334 common shares of the Company at a price of US$2.40 per Share for gross proceeds of US$20 million. Maxim Group LLC is acting as sole placement agent for the Offering.
The Company intends to use the net proceeds from the Offering for procurement of long-lead equipment, to initiate certain construction activities, and to cover detailed engineering and indirect costs for the Matawinie Mine project, to fund engineering activities to deliver an AACE class 3 estimate for the 13ktpy Bécancour Battery Material Plant project, and to fund general working capital and corporate expenditures.
The Common Shares to be offered under the Offering will be offered solely in the United States pursuant to a supplement to the Company’s registration statement on Form F-10 registering the Common Shares under the United States Securities Act of 1933, as amended, (the “U.S. Securities Act”) pursuant to the Multi-Jurisdictional Disclosure System adopted by the United States and Canada (the “MJDS”). No shares will be offered or sold in Canada.
The Offering is expected to close on or about December 19, 2025, subject to a number of customary closing conditions, including NMG receiving all necessary regulatory approvals and the approval of the Toronto Stock Exchange and the New York Stock Exchange. There can be no assurance as to whether the Offering will be completed.
This press release does not constitute an offer to sell or the solicitation of an offer to buy securities, nor will there be any sale of the securities in any province, state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such province, state or jurisdiction. The securities being offered and the contents of this press release have not been approved or disapproved by any regulatory authority, nor has any such authority passed upon the accuracy or adequacy of the Preliminary Prospectus Supplement, the Final Prospectus Supplement, the Base Shelf Prospectus or the Registration Statement.
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