NMG Pays Accrued Interests | Financial Post

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MONTRÉAL — Nouveau Monde Graphite Inc. (“NMG” or the “Firm”) ( NYSE: NMG, TSX.V: NOU) publicizes right now the cost of accrued pursuits as a part of a beforehand introduced personal placement.

Settlement of accrued pursuits

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Upon the approval of the TSX Enterprise Change and the New York Inventory Change (the “Exchanges”), the accrued pursuits owed to Investissement Québec, Pallinghurst Bond Restricted and Mitsui & Co., Ltd. (the “Holders”) for the fourth quarter of 2023 beneath the unsecured convertible notes, as amended and restated, (the “Notes”) issued in reference to the personal placement introduced by press launch dated November 8, 2022, will probably be deemed paid.

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508,521 widespread shares at a worth of US$2.61 (every, a “Widespread Share”) representing an combination quantity of US$1,327,240 will probably be issued and share certificates will probably be delivered to the Holders on the maturity, conversion or redemption of the Notes in cost of the accrued pursuits due on December 31, 2023, for the fourth quarter of the 12 months. The issuance of Widespread Shares is topic to the approval of the Exchanges and, when issued, will probably be topic to a maintain interval of 4 (4) months and someday.

About Nouveau Monde Graphite

NMG is striving to develop into a key contributor to the sustainable power revolution. The Firm is working in direction of creating a completely built-in supply of carbon-neutral battery anode materials in Québec, Canada for the rising lithium-ion and gasoline cell markets. With enviable ESG requirements, NMG aspires to develop into a strategic provider to the world’s main battery and car producers, offering high-performing and dependable superior supplies whereas selling sustainability and provide chain traceability. www.NMG.com

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Cautionary Word Relating to Ahead-Trying Info

All statements, aside from statements of historic truth, contained on this press launch together with, however not restricted to these describing the potential conversion of the Notes, the issuance of the Widespread Shares and people statements that are mentioned beneath the “About Nouveau Monde Graphite” paragraph and elsewhere within the press launch which basically describe the Firm’s outlook and aims, represent “forward-looking data” or “forward-looking statements” (collectively, “forward-looking statements”) inside the that means of Canadian and United States securities legal guidelines, and are primarily based on expectations, estimates and projections as of the time of this press launch. Ahead-looking statements are essentially primarily based upon quite a lot of estimates and assumptions that, whereas thought of cheap by the Firm as of the time of such statements, are inherently topic to important enterprise, financial and aggressive uncertainties and contingencies. These estimates and assumptions could show to be incorrect. Furthermore, these forward-looking statements have been primarily based upon numerous underlying components and assumptions, together with the present technological developments, the enterprise relationship between the Firm and its stakeholders, the power to function in a secure and efficient method, the well timed supply and set up of the gear supporting the manufacturing, the Firm’s enterprise prospects and alternatives and estimates of the operational efficiency of the gear, and will not be ensures of future efficiency.

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Ahead-looking statements are topic to recognized or unknown dangers and uncertainties that will trigger precise outcomes to vary materially from these anticipated or implied within the forward-looking statements. Threat components that would trigger precise outcomes or occasions to vary materially from present expectations embody, amongst others, delays within the scheduled supply occasions of the gear, the power of the Firm to efficiently implement its strategic initiatives and whether or not such strategic initiatives will yield the anticipated advantages, the provision of financing or financing on favorable phrases for the Firm, the dependence on commodity costs, the influence of inflation on prices, the dangers of acquiring the mandatory permits, the working efficiency of the Firm’s property and companies, aggressive components within the graphite mining and manufacturing business, modifications in legal guidelines and rules affecting the Firm’s companies, political and social acceptability danger, environmental regulation danger, forex and alternate price danger, technological developments, the impacts of the worldwide COVID-19 pandemic and the governments’ responses thereto, and normal financial circumstances, in addition to earnings, capital expenditure, money circulation and capital construction dangers and normal enterprise dangers. An extra description of dangers and uncertainties might be present in NMG’s Annual Info Kind dated March 23, 2023, together with within the part thereof captioned “Threat Elements”, which is accessible on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov. Unpredictable or unknown components not mentioned on this Cautionary Word might even have materials antagonistic results on forward-looking statements.

Many of those uncertainties and contingencies can straight or not directly have an effect on, and will trigger, precise outcomes to vary materially from these expressed or implied in any forward-looking statements. There might be no assurance that forward-looking statements will show to be correct, as precise outcomes and future occasions might differ materially from these anticipated in such statements. Ahead-looking statements are offered for the aim of offering details about administration’s expectations and plans regarding the longer term. The Firm disclaims any intention or obligation to replace or revise any forward-looking statements or to elucidate any materials distinction between subsequent precise occasions and such forward-looking statements, besides to the extent required by relevant legislation.

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Neither the TSX Enterprise Change nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Change) accepts accountability for the adequacy or accuracy of this launch.

Additional data relating to the Firm is accessible within the SEDAR+ database ( www.sedarplus.ca), and for United States readers on EDGAR ( www.sec.gov), and on the Firm’s web site at: www.NMG.com

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Contacts

MEDIA
Julie Paquet
VP Communications & ESG Technique
+1-450-757-8905 #140
jpaquet@nmg.com

INVESTORS
Marc Jasmin
Director, Investor Relations
+1-450-757-8905 #993
mjasmin@nmg.com

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