Past year: ▼ 64%(1.53 – 4.24 CAD)
Each one in plain English, with the numbers worked through for a shareholder.
18 Oct 2021regulatory community update● Neutral
Nouveau Monde published its first ESG (environmental, social and governance) report, covering topics such as its all-electric open-pit mine design, tailings handling and a benefit-sharing agreement with local communities. It says it will report yearly and intends to seek an independent rating. No financial figures or deal terms are given.
26 July 2021capital raising announcement▲ GoodMajor
The company announced it closed the previously announced C$18.3 million private placement, which is part of the same financing as the US$59.4 million public offering completed in June 2021. This completes the private placement flagged in the June filing. The filing text provided contains only the cover page, with no details on the investors or share count beyond the headline.
23 June 2021capital raising announcement▲ GoodMajor
The company closed a public offering of 7,915,000 common shares at US$7.50 each, raising gross proceeds of US$59,362,500. Pallinghurst Graphite, an existing shareholder, and one of its investors bought 706,666 of these shares. A further private placement of up to 1,978,750 shares (up to US$14,840,625 at US$7.50) with another existing shareholder was planned. The stated use of the money is the Matawinie mine project, the LiB anode plant project and working capital. New shares mean existing holders are diluted (inference).
What it means for a shareholder
7.9m new shares at US$7.50 to raise about US$59.4m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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19 May 2021listing compliance notice▲ GoodMajor
Nouveau Monde Graphite said its common shares were approved for listing on the New York Stock Exchange and were expected to start trading on May 24, 2021 under the symbol "NMG". The shares continue to trade on the TSX Venture Exchange (NOU) and the Frankfurt exchange, and the company expects its over-the-counter quotations (NMGRF) to stop. Shareholders holding via OTC were told to check their broker accounts.
