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MONDAY, OCTOBER 18, 2021

Pallinghurst Increases its Interest in Nouveau Monde to 21% Showing Further Commitment to the Company

Nouveau Monde is pleased to announce that Pallinghurst, the holder of a secured convertible bond in the principal amount of C$15 million, as announced in the press release dated July 15, 2020, has converted the full outstanding principal amount of the Convertible Bond to common shares of the Company. This decision further demonstrates Pallinghurst’s significant and continuing support for the Company and its ongoing project development initiatives, as it strives to become a key player in the sustainable energy revolution. 

Arne H Frandsen

Chairman

“Pallinghurst is delighted to continue its support of Nouveau Monde and today’s announcement indicates our firm belief that Nouveau Monde is set to become a significant, fully integrated supplier of carbon-neutral battery anode material in the future. As the Company’s largest shareholder, Pallinghurst looks forward to continuing to work closely with management as we develop what is projected to be the Western World’s largest battery grade graphite operation, with best-in-class ESG credentials.”

READ THE PRESS RELEASE

Eric Desaulniers

President & CEO

 “Developing a large-scale battery mining and transformation project is a journey that can only be achieved with long term investors like Pallinghurst who support and embrace our vision, while enhancing our business plan with their experience and execution discipline. The whole team at Nouveau Monde and myself are looking forward to our continuing collaboration with Pallinghurst as we work towards delivering our next exciting milestones in support of an anode material supply chain in America for the benefit of all of Nouveau Monde’s stakeholders.”

NOUVEAU MONDE GRAPHITE

 

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Contact

Julie Paquet

+1 450-757-8905 #140

jpaquet@nmg.com

 

 

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