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MASON RESOURCES EMERGES AS STRATEGIC SHAREHOLDER OF NOUVEAU MONDE GRAPHITE THROUGH SALE OF LAC GUÉRET GRAPHITE PROPERTY
MASON RESOURCES EMERGES AS STRATEGIC SHAREHOLDER OF NOUVEAU MONDE GRAPHITE THROUGH SALE OF LAC GU...
About this update from Nouveau Monde Graphite Inc
[{"type":"text","content":"\n \n \n \n MASON RESOURCES EMERGES AS STRATEGIC SHAREHOLDER OF NOUVEAU MONDE GRAPHITE THROUGH SALE OF LAC GUÉRET GRAPHITE PROPERTY\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prnsbbb1{\nBORDER-BOTTOM:black 1pt\n}\n.prnsblb1{\nBORDER-LEFT:black 1pt\n}\n.prnsbtb1{\nBORDER-TOP:black 1pt\n}\n.prnpr2{\nPADDING-RIGHT:0.17em\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prnrbrb1{\nBORDER-RIGHT:black 1pt\n}\n.prnpl2{\nPADDING-LEFT:0.17em\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n Jan. 22, 2024\n \n \n /CNW/ - Mason Resources Inc. (the \"\n \n Company\n \n \" or \"\n \n Mason\n \n \") (TSXV: LLG) (OTCQX: MGPHF) is pleased to announce having entered into an asset purchase agreement dated\n \n January 21, 2024\n \n (the \"\n \n APA\n \n \") with Nouveau Monde Graphite Inc. (\"\n \n NMG\n \n \") (NYSE: NMG) (TSXV: NOU) for the sale of the Lac Guéret Property, targeted for the\n \n development of the Uatnan Mining Project\n \n .\n \n \n \n \n \n \n \n \n \n In consideration for the sale of the Lac Guéret Property, Mason will receive 6,208,210 common shares of NMG, representing a 143% premium on the implied market value of the Lac Guéret Property and 9.25% of the pro forma issued and outstanding common shares of NMG, to be issued to Mason upon the closing of the transaction, and an additional payment of\n \n $5,000,000\n \n in cash at the start of commercial production of the contemplated Uatnan Mining Project.\n \n \n \n Benefits to Mason Shareholders\n \n \n \n \n Provides opportunity to become one of NMG's largest shareholders at an opportune time given the rapid progress of NMG, strategically positioning Mason for future gains;\n \n \n Provides exposure to NMG's\n \n active commercial discussions with tier-1 battery and electric vehicle manufacturers, including Panasonic Energy Co. Ltd.\n \n , a wholly owned subsidiary of Panasonic Holdings Corporation (TYO: 6752), which not only confirm the strong projecte...