Nouveau Monde Announces Filing of a Prospectus Supplement for At-The-Market Offering
January 21 2022 - 4:20PM
Business Wire
Nouveau Monde Graphite Inc. (“Nouveau Monde” or the
“Company”) (TSXV: NOU; NYSE: NMG; Frankfurt: NM9A) is
pleased to announce that it has filed a prospectus supplement
establishing a new at-the-market equity offering (the “ATM
Offering”). Canaccord Genuity is acting as lead agent for the
ATM Offering and B. Riley and Roth Capital Partners are acting as
co-agents (collectively, the “Agents”). The ATM Offering
will allow the Company to offer for sale and issue up to US$75
million (or the equivalent in Canadian dollars) of common shares of
the Company (the “Common Shares”) from time to time, at the
Company's discretion. Any sales of Common Share under the ATM
Offering will be made through "at-the-market distributions" as
defined in Regulation 44-102 respecting Shelf Distributions,
including sales made directly on the TSX Venture Exchange or the
New York Stock Exchange or on any other trading market for the
Common Shares in Canada or the United States. The Common Shares
will be distributed at the market prices prevailing at the time of
the sale. The Company is not obligated to make any sales of Common
Shares under the ATM Offering.
The net proceeds of the ATM Offering are expected to be used for
the development of the Matawinie graphite mine and the Bécancour
battery material plant, and for general working capital and
corporate expense needs.
Distributions of the Common Shares through the ATM Offering will
be made pursuant to the terms of an equity distribution agreement
dated January 21, 2022 (the “Distribution Agreement”) by and
among the Company and the Agents, pursuant to which the Company may
distribute Common Shares under the ATM Offering from time to time
through the Agents, in accordance with the terms of the
Distribution Agreement.
A prospectus supplement (the "Prospectus Supplement") to
the Company's short form base shelf prospectus dated May 19, 2021,
as amended by the Amendment No. 1 dated January 19, 2022 (the
"Base Shelf Prospectus") has been filed with the securities
commissions or securities regulatory authorities in each of the
provinces of Canada, and with the United States Securities and
Exchange Commission (the "SEC") as part of the Company's
registration statement Form F-10 (the "Registration
Statement") under the United States/Canada multijurisdictional
disclosure system. The Prospectus Supplement, the Base Shelf
Prospectus and the Registration Statement contain important
detailed information about the Company and the ATM Offering.
Prospective investors should read the Prospectus Supplement, the
Base Shelf Prospectus and the Registration Statement and the other
documents the Company has filed for more complete information about
the Company and the ATM Offering before making an investment
decision.
The Prospectus Supplement filed in Canada (together with the
related Base Shelf Prospectus) and the Distribution Agreement will
be available on SEDAR at www.sedar.com. The Prospectus Supplement
filed in the United States (together with the Registration
Statement) will be available on the SEC’s website at
www.sec.gov.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy securities, nor will there be any
sale of the securities in any province, state or jurisdiction in
which such offer, solicitation or sale would be unlawful prior to
the registration or qualification under the securities laws of any
such province, state or jurisdiction. The securities being offered
and the contents of this press release have not been approved or
disapproved by any regulatory authority, nor has any such authority
passed upon by the accuracy or adequacy of the Prospectus
Supplement, the Base Shelf Prospectus or the Registration
Statement.
About Nouveau Monde
Nouveau Monde is striving to become a key contributor to the
sustainable energy revolution. The Company is working towards
developing a fully integrated source of carbon-neutral battery
anode material in Québec, Canada for the growing lithium-ion and
fuel cell markets. With low-cost operations and enviable ESG
standards, Nouveau Monde aspires to become a strategic supplier to
the world’s leading battery and automobile manufacturers, providing
high-performing and reliable advanced materials while promoting
sustainability and supply chain traceability. www.NMG.com
Subscribe to our news feed: https://NMG.com/investors/#news
Cautionary Note Regarding Forward-Looking Information
All statements, other than statements of historical fact,
contained in this press release including, but not limited to,
statements regarding the timing and completion of the ATM Offering,
the expected use of proceeds of the ATM Offering and those
statements which are discussed under the “About Nouveau Monde”
paragraph which essentially describe the Company’s outlook and
objectives, constitute “forward-looking information” or
“forward-looking statements” within the meaning of certain
securities laws, and are based on expectations, estimates and
projections as of the time of this press release. Forward-looking
statements are necessarily based upon a number of estimates and
assumptions that, while considered reasonable by the Company as of
the time of such statements, are inherently subject to significant
business, economic and competitive uncertainties and contingencies.
These estimates and assumptions may prove to be incorrect.
Moreover, these forward-looking statements were based upon various
underlying factors and assumptions, including that the ATM Offering
distributions will be completed, if applicable, on favourable terms
and that the proceeds from the ATM Offering distributions, will be
utilized by Nouveau Monde as currently expected, and are not
guarantees of future performance.
Forward-looking information and statements are subject to known
or unknown risks and uncertainties that may cause actual results to
differ materially from those anticipated or implied in the
forward-looking information and statements. Risk factors that could
cause actual results or events to differ materially from current
expectations include, among others, general business and economic
conditions, delays in the scheduled delivery times of the
equipment, the ability of the Company to successfully implement its
strategic initiatives and whether such strategic initiatives will
yield the expected benefits, the availability of financing or
financing on favorable terms for the Company, the dependence on
commodity prices, the impact of inflation on costs, the risks of
obtaining the necessary permits, the operating performance of the
Company’s assets and businesses, competitive factors in the
graphite mining and production industry, changes in laws and
regulations affecting the Company’s businesses, political and
social acceptability risk, environmental regulation risk, currency
and exchange rate risk, technological developments, the impacts of
the global COVID-19 pandemic and the governments’ responses
thereto, and general economic conditions, as well as earnings,
capital expenditure, cash flow and capital structure risks, general
business risks and other risks, uncertainties and factors set out
under the heading “Risk Factors” in the Company’s annual
information form dated April 30, 2021 and filed with Canadian
securities regulators available on the Company’s issuer profile on
SEDAR at www.sedar.com and filed with and available on the SEC’s
website at www.sec.gov. Unpredictable or unknown factors not
discussed in this Cautionary Note could also have material adverse
effects on forward-looking statements.
Many of these uncertainties and contingencies can directly or
indirectly affect, and could cause, actual results to differ
materially from those expressed or implied in any forward-looking
statements. There can be no assurance that forward-looking
statements will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such
statements. Forward-looking statements are provided for the purpose
of providing information about management’s expectations and plans
relating to the future. The Company disclaims any intention or
obligation to update or revise any forward-looking statements or to
explain any material difference between subsequent actual events
and such forward-looking statements, except to the extent required
by applicable law.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Further information regarding Company is available on the SEDAR
database (www.sedar.com), and for United States readers on EDGAR
(www.sec.gov), and on the Company’s website at: www.NMG.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20220121005498/en/
Julie Paquet VP Communications & ESG Strategy
+1-450-757-8905 #140 jpaquet@nmg.com
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