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Nouveau Monde Graphite Inc. (NMG) has agreed to settle accrued interest for Q2 2025 with Investissement Québec by issuing 178,531 common shares at $1.64 each, totaling $292,791. The transaction is considered a "related party" under Regulation 61-101 but meets exemption criteria, avoiding additional approvals. The shares will be subject to a hold period of four months and one day.

Montréal, June 19, 2025 — Nouveau Monde Graphite Inc. (NMG) has announced the settlement of accrued interest for the second quarter of 2025 with Investissement Québec. The agreement involves the issuance of 178,531 common shares at a price of US$1.64 each, totaling US$292,791 [1].

The settlement is subject to the approval of the Toronto Stock Exchange and the New York Stock Exchange, and the shares will be delivered to Investissement Québec upon the maturity, conversion, or redemption of the unsecured convertible note issued in 2022. The issuance of these shares is expected to be subject to a four-month and one-day hold period [1].

This transaction is classified as a "related party" under Regulation 61-101, but NMG has determined that it meets the exemption criteria, avoiding the need for additional approvals. The directors of the company have concluded that neither the fair market value of the shares issued nor the consideration paid exceeds 25% of the company's market capitalization [1].

Nouveau Monde Graphite is an integrated company focused on developing responsible mining and advanced processing operations to supply the global economy with carbon-neutral active anode material for electric vehicles (EVs) and renewable energy storage systems. The company is developing a fully integrated ore-to-battery-material source in Québec, Canada, and has recognized ESG standards and strategic partnerships with anchor customers [2].

References:
[1] https://www.stocktitan.net/news/NMG/nmg-pays-accrued-acnwxn2pu72l.html
[2] https://finance.yahoo.com/news/nmg-pays-accrued-interests-110000985.html