Nouveau Monde Graphite announces overnight public stock offering

Nouveau Monde Graphite Inc. (NYSE: NMG, TSX: NOU) announced plans to commence an overnight marketed public offering of common shares, according to a company press release.

Maxim Group LLC will serve as the sole placement agent for the offering. The number and pricing of shares will be determined during the marketing process based on market conditions and other factors.

The company stated it intends to use net proceeds from the offering to procure long-lead equipment for construction activities at its Matawinie Mine project, cover detailed engineering and indirect costs for the mine, fund engineering activities for an AACE class 3 estimate for its 13ktpy Bécancour Battery Material Plant project, and support general working capital and corporate expenditures.

The shares will be offered solely in the United States under the company's registration statement on Form F-10 pursuant to the Multi-Jurisdictional Disclosure System. No shares will be offered or sold in Canada.

The offering requires customary closing conditions, including receipt of necessary regulatory approvals and approval from the Toronto Stock Exchange and New York Stock Exchange. The company noted there is no assurance regarding whether or when the offering will be completed or its final size and terms.

Montreal-based Nouveau Monde Graphite develops mining and processing operations for graphite materials, with projects in Quebec, Canada focused on serving energy, defense, technology and manufacturing industries.

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