Nouveau Monde Has Successfully Been Admitted and Will Commence Trading on the NYSE on Monday, May 24, 2021
May 19 2021 - 9:15AM
Nouveau Monde Graphite Inc. (“Nouveau Monde” or the “Company”)
(TSXV: NOU, OTCQX: NMGRF, FSE: NM9) is pleased to announce that it
has received approval for the listing of its common shares on the
New York Stock Exchange (“NYSE”). The Company expects its common
shares will open for trading on the NYSE on May 24, 2021, under the
symbol “NMG”.
Arne H Frandsen, Chairman of Nouveau
Monde, commented: “An extraordinary journey has just
achieved another milestone. As Chairman, I am so proud of the
Nouveau Monde team, and how we have so promptly secured a listing
on the world’s largest and most important capital market, namely
the New York Stock Exchange. This comes as we have commenced the
work on our Phase 1 beneficiation plant, which early in 2022 is
expected to start producing battery grade shaped, purified and
coated graphite. We remain committed to becoming North America’s
largest fully integrated anode material production facility, and
ultimately delivering our critical materials with zero carbon
footprint from our Québec-based facilities.”
Eric Desaulniers, President and CEO of
Nouveau Monde, added: “As the Western World’s economy is
on the verge of a major industrial shift driven by the
electrification of transportation and energy storage systems, the
entire Nouveau Monde team is thrilled to play a meaningful role in
the sustainable extraction and transformation of an essential
battery material to help make this revolution possible. Nouveau
Monde is a true North American story of local security of supply,
full traceable verticalization, carbon-neutrality, lot-by-lot
consistency and long-term cost structure resilience. We are
striving to advance, one milestone at a time, towards our objective
of establishing our company as a leading supplier of battery
material.”
Additional Information for Shareholders
In addition to listing and trading on the NYSE
in U.S. dollars, Nouveau Monde’s common shares continue to be
listed and trade on the TSX Venture Exchange (“TSXV”) in Canadian
dollars under the symbol “NOU”. Shareholders that purchased their
Nouveau Monde common shares on the TSXV and, in connection with the
NYSE listing, wish to trade in U.S. dollars are advised to contact
their broker for more information.
Shareholders that purchased their Nouveau Monde
common shares “over-the-counter” or OTC, including shareholders
whose shares are denoted in their institution/broker account with
the symbol “NMGRF”, are advised to monitor their account to ensure
their holdings are updated to reflect the NYSE listing and trading
symbol, as the Company expects OTC quotations for Nouveau Monde
common shares to cease in connection with the NYSE listing.
Shareholders are advised to contact their broker for more
information if they have questions in this regard.
Nouveau Monde’s common shares will also continue
to trade on the Frankfurt Stock Exchange under the symbol
“NM9”.
About Nouveau Monde
Nouveau Monde is striving to become a key
contributor to the sustainable energy revolution. The Company is
working towards developing a fully-integrated source of green
battery anode material in Québec, Canada. Targeting commercial
operations by 2023, the Company is developing advanced
carbon-neutral graphite-based material solutions for the growing
lithium-ion and fuel cell markets. With low-cost operations and
enviable ESG standards, Nouveau Monde aspires to become a strategic
supplier to the world’s leading battery and automobile
manufacturers, providing high performing and reliable advanced
materials while promoting sustainability and supply chain
traceability.
Media |
Investors |
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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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Cautionary Note Regarding
Forward-Looking Information All statements, other than
statements of historical fact, contained in this press release
including, but not limited to statements with respect to the timing
of commencement of trading of the Company’s securities on the NYSE,
the anticipated benefits of listing on the NYSE, the treatment of
the Company’s OTC quotations, the timeline of the Company’s Phase 1
beneficiation plant, and those statements which are discussed under
the “About Nouveau Monde” paragraph and elsewhere in the press
release which essentially describe 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 timely delivery
and installation of the equipment supporting the production, the
Company’s business prospects and opportunities and estimates of the
operational performance of the equipment, and are not guarantees of
future performance.
Forward-looking information and statements are
subject to known or unknown risks and uncertainties that may cause
actual results to differ materially from those anticipated or
implied in the forward-looking information and statements. Risk
factors that could cause actual results or events to differ
materially from current expectations include, among others, delays
in the scheduled delivery times of the equipment, the ability of
the Company to successfully implement its strategic initiatives and
whether such strategic initiatives will yield the expected
benefits, the availability of financing or financing on favourable
terms for the Company, the dependence on commodity prices, the
impact of inflation on costs, the risks of obtaining the necessary
permits, the operating performance of the Company’s assets and
businesses, competitive factors in the graphite mining and
production industry, changes in laws and regulations affecting the
Company’s businesses, political and social acceptability risk,
environmental regulation risk, currency and exchange rate risk,
technological developments, the impacts of the global COVID-19
pandemic and the governments’ responses thereto, and general
economic conditions, as well as earnings, capital expenditure, cash
flow and capital structure risks and general business risks.
Unpredictable or unknown factors not discussed in this Cautionary
Note could also have material adverse effects on forward-looking
statements.
Many of these uncertainties and contingencies
can directly or indirectly affect, and could cause, actual results
to differ materially from those expressed or implied in any
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
provided for the purpose of providing information about
management’s expectations and plans relating to the future. The
Company disclaims any intention or obligation to update or revise
any forward-looking statements or to explain any material
difference between subsequent actual events and such
forward-looking statements, except to the extent required by
applicable law.
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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