NMG Announces the Closing of US$50 Million Private Placement by Mitsui, Pallinghurst and Investissement Québec

Nov 08, 2022

Nouveau Monde Graphite Inc. (“NMG” or the “Company”) (NYSE%3A+NMG, TSX.V%3A+NOU) announces it has closed its private placement announced on October 20, 2022 (the “Private Placement”) of unsecured convertible notes (the “Convertible Notes”) for aggregate gross proceeds of US$50 million in accordance with the subscription agreements entered into between the Company and each of Mitsui & Co., LTD (“Mitsui”) (TYO:8031), Pallinghurst Bond Limited (“Pallinghurst”) and Investissement Québec (“IQ”) on October 19, 2022. Through the Private Placement, Mitsui subscribed for US$25 million in Convertible Note, while Pallinghurst and IQ each subscribed for US$12.5 million. The Corporation intends to use the proceeds of the Private Placement to work in the upcoming months on optimizing the feasibility study dated July 6, 2022, on NMG’s Phase-2 Commercial integrated operations, which was filed on SEDAR and EDGAR on August 10, 2022.

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