Nouveau Monde Mining ( (TSE:NOU) ) just unveiled an update.
Nouveau Monde Graphite has announced the settlement of accrued interests through the issuance of common shares as part of a private placement agreement. The transaction involves issuing 194,684 common shares to Investissement Québec, a significant stakeholder, in lieu of interest payments for the first quarter of 2025. This move, approved by the Toronto and New York Stock Exchanges, highlights NMG’s strategic financial management and its commitment to maintaining strong relationships with key stakeholders.
More about Nouveau Monde Mining
Nouveau Monde Graphite is an integrated company focused on developing responsible mining and advanced manufacturing operations to supply carbon-neutral active anode material for electric vehicles and renewable energy storage systems. Based in Québec, Canada, the company aims to become a strategic supplier to leading lithium-ion battery and EV manufacturers, emphasizing sustainability and supply chain traceability.
YTD Price Performance: -4.89%
Average Trading Volume: 41,136
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$327.4M
For detailed information about NOU stock, go to TipRanks’ Stock Analysis page.