Canada Growth Fund announces first transaction in critical minerals sector with investment in Quebec-based Nouveau Monde Graphite [Globe and Mail, The (Toronto, Canada)]
Nouveau Monde Graphite Inc. Common Shares (NMG)
Company Research
Source: Globe and Mail, The
to a ~C$35.6 million private placement with Nouveau Monde Graphite Inc. (TSXV: NOU) (NYSE: NMG) ("NMG"), a Québec-based integrated graphite mining and processing company. With operations in Saint-Michel-des-Saints and Bécancour, NMG is developing an integrated value chain to transform natural graphite into active anode material, a critical component of lithium-ion batteries. NMG's Phase-2 Matawinie Mine and Bécancour Battery Material Plant represent one of the most advanced integrated critical minerals opportunities in Canada and will support North America's efforts to build more resilient supply chains to the benefit of their domestic economies. In connection with the investment, CGF will subscribe to ~19.8 million common shares of NMG at a share price of ~C$1.80 /share. In addition, CGF will receive an equal number of common share purchase warrants, which can be exercised upon the occurrence of a positive Final Investment Decision ("FID") to acquire additional common shares of NMG
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News
- NMG Announces the Closing of Aggregate US$50 Million Private Placement by Canada Growth Fund and Investissement Quebec [Yahoo! Finance]Yahoo! Finance
- NMG Announces the Closing of Aggregate US$50 Million Private Placement by Canada Growth Fund and Investissement QuebecBusiness Wire
- Nouveau Monde Graphite Inc. (NYSE: NMG) had its "buy" rating re-affirmed by analysts at HC Wainwright. They now have a $3.00 price target on the stock.MarketBeat
- Canada Growth Fund announces first transaction in critical minerals sector with investment in Quebec-based Nouveau Monde Graphite [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Recommended Stories [Yahoo! Finance]Yahoo! Finance
NMG
Earnings
- 11/14/24 - Beat
NMG
Analyst Actions
- 12/17/24 - HC Wainwright
NMG
Sec Filings
- 11/14/24 - Form 6-K
- NMG's page on the SEC website