Nouveau Monde Graphite Prices $20M Stock Offering Of 8.33M Shares At $2.40/Share To Fund Battery Materials And Mine Projects

Nouveau Monde Graphite Inc. ("NMG" or the "Company") ((NMG, NOU) announces the pricing of a public equity offering of 8,333,334 common shares of the Company ("Shares") at a price of US$2.40 per Share for gross proceeds of US$20 million (the "Offering").

Maxim Group LLC is acting as sole placement agent for the Offering.

The Company intends to use the net proceeds from the Offering for procurement of long-lead equipment, to initiate certain construction activities, and to cover detailed engineering and indirect costs for the Matawinie Mine project, to fund engineering activities to deliver an AACE class 3 estimate for the 13ktpy Bécancour Battery Material Plant project, and to fund general working capital and corporate expenditures.