Nouveau Monde Announces Evaluation of Additional Listing on a Major U.S. Stock Exchange and Special Meeting of Shareholders
February 16 2021 - 3:00AM
Nouveau Monde Graphite Inc. (“Nouveau Monde” or the “Company”)
(TSXV: NOU; OTCQX: NMGRF; Frankfurt: NM9) announces that it has
retained Evercore Group LLC as its financial advisor to assist with
the evaluation of a potential listing of the Company’s shares in
the United States (“U.S.”) on either the New York Stock
Exchange (“NYSE”) or the Nasdaq Stock Market (“Nasdaq”).
Arne H. Frandsen, Chairman of Nouveau
Monde, stated: “Based in “AAA” Canada, we believe Nouveau
Monde is well set to become North America’s leading anode material
producer. Our strategy is to provide critical battery materials
needed for the electrical vehicle revolution. With several of the
world’s leading automakers operating in the U.S., it is only
logical that Nouveau Monde move to align its investor base with
that of its targeted customers. If a listing is obtained, Nouveau
Monde is likely to be one of the largest battery grade graphite
companies listed in the U.S.”.
Eric Desaulniers, President and CEO of
Nouveau Monde, added: “With the key governmental approvals
in hand for the construction of our “mine-to-market” production
facilities, Nouveau Monde’s focus is on the development of a fully
integrated source of environmentally friendly battery anode
materials in North America. The addition of a listing on the NYSE
or Nasdaq will further enhance the Company’s U.S. presence. With
our strategic use of hydroelectricity and plans to rely on a fully
electrical mining fleet, Nouveau Monde is uniquely positioned to
deliver a North American source of carbon-neutral graphite-based
material solutions for the growing lithium-ion and fuel cell
markets, with full-scale commercial production targeted for 2023.
The addition of a major U.S. stock exchange listing will provide
enhanced trading access to U.S.-based investors and further enhance
Nouveau Monde’s stock market visibility. A potential additional
listing in the U.S. is a natural step in the growth and evolution
of the Company.”
The Company anticipates its common shares would
commence trading on the selected U.S. stock exchange during the
second quarter of this year, subject to the Board of the Directors’
approval to proceed with the potential listing, prevailing market
conditions and satisfaction of all applicable listing and
regulatory requirements as well as receipt of approval to list.
Special Meeting of Shareholders to
Consider a Share Consolidation
In connection with the potential listing, the
Company will hold a Special Meeting of Shareholders (the “Special
Meeting”) on Tuesday, March 23, 2021. The Company has set the
Record Date for the Special Meeting on Friday, February 19, 2021.
The purpose of the Special Meeting is to seek authorization from
the Company’s shareholders to enable the Board of Directors (the
“Board”) to consider a consolidation of the Company's issued and
outstanding common shares at a ratio that will result in a
post-consolidation price that meets the listing requirements for
the selected U.S. stock exchange.
Any authority of the Board to consolidate the
shares is conditional upon the prior approval of the Company's
shareholders and the TSX Venture Exchange. There is also no
assurance that the Board will proceed with a listing on a major
U.S. stock exchange, or that the exchange would approve a listing
application by the Company. Additional information, including the
time and instructions for virtually accessing and voting at the
Special Meeting will be provided later. Further, a Management
Information Circular for the upcoming Special Meeting will be
mailed to shareholders and filed by the Company on SEDAR.
About Nouveau Monde
Nouveau Monde is working to position itself as a
key element in the sustainable energy revolution. The Company is
developing a fully integrated source of environmentally friendly
battery anode materials in Quebec, Canada. Targeting a launch of
its commercial operations at full capacity in 2023, the Company is
developing advanced carbon neutral solutions of graphite-based
materials for the rapidly expanding fuel cell and lithium-ion
battery markets. With its low-cost operations and high ESG
standards, Nouveau Monde aspires to become a strategic supplier to
major battery and vehicle manufacturers all over the world,
ensuring a robust and reliable supply of advanced materials while
ensuring the traceability of the supply chain.
Media |
Investors |
Julie Paquet Director,
Communications +1-450-757-8905
#140jpaquet@nouveaumonde.ca |
Christina Lalli Director,
Investor
Relations +1-438-399-8665 clalli@nouveaumonde.ca |
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Caution Regarding Forward-Looking
Statements
All statements, other than statements of
historical fact, contained in this press release including, but not
limited to, the approval of the share consolidation and the
ultimate consolidation ratio selected, the Company’s intention and
ability to list on a major U.S. stock exchange, and the anticipated
benefits of completing a share consolidation and listing on a major
U.S. stock exchange, and the “About Nouveau Monde Graphite”
paragraph which essentially describes the Company’s outlook and
objectives, constitute “forward-looking information” or
“forward-looking statements” within the meaning of certain
securities laws, and are based on expectations, estimates and
projections as of the time of this press release. Forward-looking
statements are necessarily based upon a number of estimates and
assumptions that, while considered reasonable by the Company as of
the time of such statements, are inherently subject to significant
business, economic and competitive uncertainties and contingencies.
These estimates and assumptions may prove to be incorrect.
Moreover, these forward-looking statements were based upon various
underlying factors and assumptions, including the Company’s
business prospects and opportunities, and are not guarantees of
future performance.
Forward-looking information and forward-looking
statements are subject to known and unknown risks and uncertainties
that could cause actual results to differ materially from those
anticipated or suggested in forward-looking information and
forward-looking statements. Risk factors that could cause actual
results or events to differ materially from current expectations
include, but are not limited to, delays in scheduled equipment
delivery dates, the Company's ability to implement its strategic
initiatives and whether these strategic initiatives will yield the
expected results, the operational performance of the Company's
assets and activities, competitive factors in the mining and
graphite production industry, changes in laws and regulations
affecting the Company's operations, technological developments, the
impact of the COVID-19 pandemic and measures put in place by
governments in response to this pandemic, and economic conditions
in general. Other unforeseeable or unknown factors which are not
discussed in this cautionary statement could also have a material
adverse impact on the forward-looking statements.
Many of these uncertainties and unforeseen
events may directly or indirectly affect or could cause actual
results or performance to differ materially from those advanced or
implied in the forward-looking statements. There can be no
assurance that forward-looking statements will prove to be
accurate, as actual results and future events could differ
materially from those anticipated in such statements.
Forward-looking statements are presented for the purpose of
providing information about management's current expectations and
plans for the future. The Company assumes no obligation to update
or revise these forward-looking statements, nor to explain any
material differences between subsequent actual events and these
forward-looking statements.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
Further information regarding Company is
available in the SEDAR database (www.sedar.com) and on the
Company’s website at: www.NouveauMonde.group
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