Nouveau Monde Graphite completes $20 million share offering

Nouveau Monde Graphite Inc. (NYSE: NMG, TSX: NOU) announced the completion of its public offering of 8.33 million common shares at $2.40 per share, raising approximately $20 million in gross proceeds.

Maxim Group LLC served as the sole placement agent for the offering. The shares were sold exclusively in the United States and permitted foreign jurisdictions, with no shares offered in Canada.

The Montreal-based graphite company stated it will use the net proceeds for procurement of long-lead equipment and to initiate construction activities for its Matawinie Mine project. Funds will also support detailed engineering and indirect costs for the mine, along with engineering activities for its 13,000 tons per year Bécancour Battery Material Plant project to deliver an AACE class 3 estimate.

Additional proceeds will fund general working capital and corporate expenditures, according to the company's press release statement.

The offering was conducted under the company's existing base shelf prospectus dated December 5, 2025, filed in Canada, and its U.S. registration statement on Form F-10 filed with the Securities and Exchange Commission under the Multi-Jurisdictional Disclosure System.

Nouveau Monde Graphite develops mining and processing operations for graphite materials in Quebec, Canada. The company is building an integrated ore-to-processed-graphite value chain to serve energy, defense, technology and manufacturing industries.

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