Pallinghurst Increases its Interest in Nouveau Monde to 21% – Showing Further Commitment to the Company

Oct 18, 2021

Nouveau Monde Graphite Inc. (“Nouveau Monde” or the “Company”) (NYSE%3A+NMG, TSXV%3A+NOU) is pleased to announce that Pallinghurst Graphite International Limited (“Pallinghurst”), the holder of a secured convertible bond in the principal amount of C$15 million (the “Convertible Bond”), as announced in the press release dated July 15, 2020, has converted the full outstanding principal amount of the Convertible Bond to common shares of the Company. This decision further demonstrates Pallinghurst’s significant and continuing support for the Company and its ongoing project development initiatives, as it strives to become a key player in the sustainable energy revolution.

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