NMG Announces the Successful Closing of the US$50 Million Tranche 1 Investment by GM and Panasonic
02/28/24, 2:23 PM
Location
montrealMoney raised
$50 million
Industry
energy
manufacturing
sustainability
science and engineering
Investors
Panasonic Holdings Corporation, General Motors Holdings Llc
Nouveau Monde Graphite Inc. announces the successful closing of the US$50 million Tranche 1 investment by GM and Panasonic, with 25,000,000 common shares and 25,000,000 common share purchase warrants issued. The proceeds will be used to support the advancement of Phase-2 operations. The company also anticipates closing a private placement for US$37.5 million with Mitsui & Co., Ltd
Company Info
Location
montreal, quebec, canada
Additional Info
NMG is striving to become a key contributor to the sustainable energy revolution. The company is working toward developing a fully integrated source of carbon-neutral battery anode material in Quebec, Canada, for the growing lithium-ion and fuel cell markets. With low-cost operations and enviable environmental, social and governance (ESG) standards, NMG aspires to become a strategic supplier to the world's leading battery and automobile manufacturers, providing high-performing and reliable advanced materials while promoting sustainability and supply chain traceability. NMG is listed on the NYSE under the symbol “NMG” and on the TSX-V under the symbol “NOU”.