Nouveau Monde Graphite (NMG) Pays Accrued Interests

Nouveau Monde Graphite Inc. (NYSE: NMG) announces today the payment of accrued interests as part of a previously announced private placement.

Settlement of accrued interests

Upon the approval of the TSX Venture Exchange and the New York Stock Exchange (the “Exchanges”), the accrued interests owed to Investissement Québec (“Holder”) for the second quarter of 2024 under the unsecured convertible note, as amended and restated, (the “Note”) issued in connection with the private placement announced by press release dated November 8, 2022 will be deemed paid.

172,048 common shares at a price of US$1.89 (each, a “Common Share”) representing an aggregate amount of US$325,171 will be issued and share certificates will be delivered to the Holder at the maturity, conversion or redemption of the Note in payment of the accrued interests due on June 30, 2024 for the second quarter of the year. The issuance of Common Shares is subject to the approval of the Exchanges and, when issued, will be subject to a hold period of four (4) months and one day.

In connection with NMG’s private placements announcement on February 15, 2024 and closed on May 1st, 2024 for the Mitsui & Co., Ltd. and Pallinghurst Bond Limited private placements as announced on May 2nd, 2024 (the “2024 Private Placements”), interest under the unsecured convertible notes issued by NMG to Mitsui & Co., Ltd. and Pallinghurst Bond Limited, respectively, has ceased to accrue as of February 14, 2024.

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