Source: Nouveau Monde. Original content: here.
MONTRÉAL, CANADA, May 19, 2021 – Nouveau Monde Graphite Inc. (“Nouveau Monde” or “the Company”) (TSXV: NOU; OTCQX: NMGRF; Frankfurt: 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, stated:
“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 Graphite
Nouveau Monde is striving to become a key element in the sustainable energy revolution. The Company is working towards developing a fully-integrated source of green and sustainable battery anode material in Québec, Canada. Targeting full-scale 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 high ESG standards, Nouveau Monde aspires to become a strategic supplier to the world’s leading battery and auto manufacturers, ensuring robust and reliable advanced material, while guaranteeing supply chain traceability.
Cautionary Note Regarding Forward-Looking Information
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 and on the Company’s website.