General Motors buying at Nouveau Monde Graphite (NOU)

General Motors buying at Nouveau Monde Graphite (V:NOU)

General Motors Holdings LLC, a 10% Holder, acquired 12,500,000 Common Shares on a direct ownership basis at a price of US$2.000 through a private transaction on February 14th, 2024. GM also acquired 12,500,000 Warrants with an exercise price of $2.380. This represents a $33,875,000 net investment into the company's shares and an account share holdings change of greater than 100%.

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 the exploration, evaluation and development of mineral properties located in Quebec. It is focused on developing a fully integrated source of carbon-neutral battery anode material in Quebec, Canada. The Company's projects include Phase-2 Matawinie Mine, Becancour Battery Material Plant projects and Lac Gueret property. The Company owns a 100% interest in the Matawinie graphite property located in Saint-Michel-des-Saints, 150 kilometers (km) north of Montreal, Quebec. The project produces approximately 103,328 tons per annum (tpa) of high-purity flake graphite concentrate. Its Battery Materials Plant projects is located in an industrial park and near a shipping port in Becancour, Quebec, approximately 150 km northeast of Montreal, on the Saint Lawrence River. The Company owns the 100% of the rights to the Lac Gueret property, which consists of 74 map-designated claims totaling 3,999.52 hectares.