Nouveau Monde Graphite Inc. (“NMG” or the “Company”) (NYSE: NMG; TSX: NOU) today announced the closing of its previously announced public offering (the “Offering”) of 8,333,334 common shares (the “Common Shares”) at a public offering price of US$2.40 per Common Share, generating aggregate gross proceeds of approximately US$20 million.
Maxim Group LLC acted as the sole placement agent for the Offering.
The Company plans to use the net proceeds to procure long-lead equipment, initiate select construction activities, and cover detailed engineering and indirect costs related to the Matawinie Mine project. Funds will also support engineering activities to deliver an AACE Class 3 cost estimate for the planned 13,000 tpy Bécancour Battery Material Plant project, as well as general working capital and corporate purposes.
In connection with the Offering, NMG filed a final prospectus supplement (the “Prospectus Supplement”) to its base shelf prospectus dated December 5, 2025 (the “Base Shelf Prospectus”) in Canada, and to its registration statement on Form F-10 (the “Registration Statement”) filed with the U.S. Securities and Exchange Commission (the “SEC”) under the United States Securities Act of 1933, as amended, pursuant to the Multi-Jurisdictional Disclosure System adopted by the United States and Canada.
The Offering was made exclusively in the United States and certain permitted foreign jurisdictions. No Common Shares were offered or sold in Canada. The Prospectus Supplement filed in Canada, together with the Base Shelf Prospectus, is available on SEDAR+ at www.sedarplus.ca. The Prospectus Supplement filed in the United States, together with the Registration Statement, is available on the SEC’s website at www.sec.gov.
Copies of the Prospectus Supplement and the accompanying Base Shelf Prospectus may be obtained from Maxim Group LLC, 300 Park Avenue, 16th Floor, New York, NY 10022, Attention: Syndicate Department, by telephone at (212) 895-3745, or by email at syndicate@maximgrp.com.
This press release does not constitute an offer to sell or the solicitation of an offer to buy securities, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under applicable securities laws. No regulatory authority has approved or disapproved the securities offered, nor has any authority reviewed or passed upon the accuracy or adequacy of the Prospectus Supplement, the Base Shelf Prospectus, or the Registration Statement.
About New World Graphite
NMG is an integrated company developing responsible mining and advanced processing operations to supply the global economy with carbon-neutral advanced graphite materials. The Company is developing in Québec, Canada, a fully integrated ore-to-processed-graphite value chain to serve tomorrow’s industries in energy, defense, technology, and manufacturing. With recognized ESG standards and structuring partnerships with major customers, NMG is set to become a strategic supplier of advanced materials to leading specialized manufacturers while promoting sustainability, innovation, and supply chain traceability.
