December 18, 2025 — Leads & Copy — Nouveau Monde Graphite Inc. (NMG) (NYSE: NMG, TSX: NOU) has announced the pricing of a public equity offering of 8,333,334 common shares at a price of US$2.40 per share, resulting in gross proceeds of US$20 million.
Maxim Group LLC is serving as the sole placement agent for the offering. The company intends to allocate the net proceeds from the offering towards several key initiatives. These include the procurement of long-lead equipment, the initiation of certain construction activities, and covering detailed engineering and indirect costs for the Matawinie Mine project. Additionally, the funds will support engineering activities aimed at delivering an AACE class 3 estimate for the 13ktpy Bécancour Battery Material Plant project. A portion of the proceeds will also be used for general working capital and corporate expenditures.
The common shares offered will be available solely in the United States, in accordance with a supplement to the company’s registration statement on Form F-10 under the U.S. Securities Act of 1933, as amended, and pursuant to the Multi-Jurisdictional Disclosure System adopted by the United States and Canada. The company will not offer or sell shares in Canada.
NMG has filed a preliminary prospectus supplement and will file a final prospectus supplement to its existing short form base shelf prospectus dated December 5, 2025, filed in Canada, and its United States registration statement on Form F-10 filed with the U.S. Securities and Exchange Commission. These documents contain important information about the company and the offering, and prospective investors are advised to read them before making any investment decisions.
The final prospectus supplement, when filed in Canada, will be accessible on SEDAR+ at www.sedarplus.ca within two business days. In the United States, the final prospectus supplement, along with the registration statement, will be available on the SEC’s website at www.sec.gov. Copies of the preliminary prospectus supplement and accompanying prospectus can be obtained by contacting Maxim Group LLC at 300 Park Avenue, 16th Floor, New York, NY 10022, Attention: Syndicate Department, by telephone at (212) 895-3745, or by email at syndicate@maximgrp.com.
The offering is expected to close around December 19, 2025, pending customary closing conditions, including regulatory approvals from the Toronto Stock Exchange and the New York Stock Exchange. However, there is no guarantee that the offering will be completed.
Nouveau Monde Graphite is focused on developing responsible mining and advanced processing operations to supply the global economy with carbon-neutral advanced graphite materials. The company is developing a fully integrated ore-to-processed-graphite value chain in Québec, Canada, to serve industries in energy, defense, technology, and manufacturing.
About Nouveau Monde Graphite
Nouveau Monde Graphite is an integrated company developing responsible mining and advanced processing operations to supply the global economy with carbon-neutral advanced graphite materials. The Company is developing in Québec, Canada, a fully integrated ore-to-processed-graphite value chain to serve tomorrow’s industries in energy, defense, technology, and manufacturing. With recognized ESG standards and structuring partnerships with major customers, NMG is set to become a strategic supplier of advanced materials to leading specialized manufacturers while promoting sustainability, innovation, and supply chain traceability.
Source: Nouveau Monde Graphite
