On April 16, 2026, as part of the financing package for the phased development of the commercial operations of its Matawinie Mine, Nouveau Monde Graphite Inc. closed its bought deal public offering of 52,440,000 subscription receipts, including 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.
These subscription receipts commenced trading on the Toronto Stock Exchange under the symbol NOU.R.U. The funds raised have been deposited and will be held in trust until the satisfaction of certain release conditions, including the closing of a concurrent private placement of approximately US$213 million, which is expected to be completed on or about May 15, 2026.
Together with the $335 million in project debt facilities, the net proceeds from the financing are expected to fully fund Phase 2 of the Matawinie Mine and position the Company to advance toward a final investment decision (FID) and construction.
Fasken advised the underwriters, led by BMO Capital Markets and National Bank Financial, on this public offering with a team consisting of Frank Mariage, Marie-Christine Valois, Alexandra Freedman and William Leduc.
Jurisdiction
- Québec
