Off-market insider selling at Nouveau Monde Graphite (NOU)

Off-market insider selling at Nouveau Monde Graphite (V:NOU)

Arne Hojriis Frandsen, a Director, disposed of 566,979 Common Shares on a control or direction basis for registered holder The Pallinghurst Group General Partner Limited at a price of $7.050 through a private transaction on November 18th, 2021. This represents a $3,997,202 divestment of the company's shares and an account share holdings change of -100.0%.

Nouveau Monde Graphite is in the Specialty Mining & Metals Sub Industry Group under the Basic Materials Sector.

Nouveau Monde Graphite Inc. is a Canada-based company, which is specialized in exploration, evaluation and development of mineral properties located in Quebec. The Company is focused on developing a fully integrated source of carbon-neutral battery anode material in Quebec, Canada for the lithium-ion and fuel cell markets. It owns interest in the Matawinie graphite property located in Saint-Michel-des-Saints, approximately 150 kilometers north of Montreal, Quebec. Its Battery Material Plant is located in Becancour, Quebec. The Company is developing natural flake graphite as well as a line of specialty products ranging from expandable graphite (for industrial applications, such as an additive to roofing membranes and construction materials) to spherical graphite, which is an essential component in all lithium-ion batteries used in electric vehicles, energy storage solutions and consumer technology applications.