On May 15, 2026, Nouveau Monde Graphite Inc. (“NMG”), an integrated company developing responsible mining and advanced processing operations to supply the global economy with carbon-neutral advanced graphite materials, completed a US$309.5 million equity financing package, comprised of a US$96.5 million bought deal offering trough a syndicate of underwriters led by BMO Capital Markets and National Bank Capital Markets (the “Offering”) and a US$213 million concurrent private placement with Canada Growth Fund Inc., the Government of Québec via Investissement Québec and ENI S.p.A. (the “Private Placement”).
With the closing of the Private Placement and the release of the Offering proceeds, and on the basis of the previously announced senior project debt facilities of US$335 million commitment, NMG confirms the final investment decision (“FID”) for the Phase-2 Matawinie Mine. NMG intends to use the net proceeds from the Offering and the Private Placement, as well as the funds under the debt facilities, when available for: (i) funding the design, engineering and construction of the Phase-2 Matawinie Mine; and (ii) general and administrative expenses and general working capital.
A Fasken team composed of Frank Mariage, Marie-Christine Valois, Jean-Philippe Côté, Alexandra Freedman, Eric White and William Leduc advised the syndicate of underwriters led by BMO Capital Markets and National Bank Capital Markets for the Offering.
Jurisdiction
- Québec
