Nouveau Monde Graphite Inc. Announces Closing of US$20 Million Public Offering

Nouveau Monde Graphite Inc. (NMG) announced the closing of its public offering of 8,333,334 common shares, raising approximately US$20 million in gross proceeds at a price of US$2.40 per share. Maxim Group LLC served as the sole placement agent. The net proceeds will be used for the procurement of long-lead equipment, initiation of construction activities, and detailed engineering for the Matawinie Mine project. Additionally, funds will support engineering activities for the Bécancour Battery Material Plant project to achieve an AACE class 3 estimate, and for general working capital and corporate expenditures. The company filed a final prospectus supplement in Canada and a U.S. registration statement on Form F-10. The offering was made in the United States and permitted foreign jurisdictions, with no shares offered or sold in Canada. NMG is an integrated company focused on developing responsible mining and advanced processing operations for carbon-neutral advanced graphite materials.