Nouveau Monde Graphite Announces Closing of US$96.5 Million Equity Public Offering

About this update from Nouveau Monde Graphite Inc

MONTRÉAL / Apr 16, 2026 / Business Wire / As part of the financing package for the phased development of the commercial operations of its Matawinie Mine (“Phase-2 Matawinie Mine”), Nouveau Monde Graphite Inc. (“NMG” or the “Company”) (NYSE: NMG, TSX: NOU) closed today its previously announced bought deal public offering of 52,440,000 subscription receipts (the “Subscription Receipts”), which includes the exercise in full of the over-allotment option, at a price of US$1.84 per Subscription Receipt, for gross proceeds to the Company of approximately US$96.5 million (the “Offering”). The Subscription Receipts will begin trading today on the Toronto Stock Exchange under the symbol “NOU.R.U”. Each Subscription Receipt represents the right to receive, for no additional consideration and without further action, one Common Share upon satisfaction of certain release conditions, including the completion of the previously announced concurrent private placement of approximately US$213 million (the “Private Placement”) which is conditional upon, among other things, receipt of the shareholder approvals for the Private Placement (collectively, the “Release Conditions”). The gross proceeds from the Offering (less 50% of the Underwriters’ Fee (as defined below)) has been deposited and will be held in escrow pending the satisfaction of the Release Conditions. The Private Placement is expected to close on or about May 15, 2026, and will occur immediately prior to the issuance of the Common Shares underlying the Subscription Receipts issued in the Offering. The Offering was conducted on a bought deal basis through a syndicate of underwriters (the “Underwriters”) led by BMO Capital Markets and National Bank Capital Markets (the “Bookrunners”). In consideration for the services rendered by the Underwriters, the Company has agreed to pay the Underwriters a cash fee equal to 5% of the gross proceeds of the Offering (the “Underwriters’ Fee”). Together with the previously announced senior project debt facilities of US$335 million commitment (the “Facilities”) and on the basis of accessing the Facilities committed, the net proceeds from the equity financing, once available to the Company, are expected to fully fund the Phase‑2 Matawinie Mine and position NMG to advance toward final investment decision (“FID”) and construction. The Company intends to use the net proceeds from the Of...

View stock analysis, news, and events for Nouveau Monde Graphite Inc