Nouveau Monde Strengthens its Balance Sheet Further advancement of our business plan, strong market conditions and continued confidence and support from The Pallinghurst Group, our largest investor, have enabled us to secure $16.5M from the exercise of previously-issued warrants.
As of today, management is of the view that Nouveau Monde is sufficiently funded for this year’s further development of our mining and value-added projects with a cash position as of February 1 of $34M. In addition, the Company expects to raise an incremental amount of up to $5.75M in February, assuming the successful closing of the private placement announced on January 13, 2021.
https://mailchi.mp/nouveaumonde.ca/entente-stratgique-commercialisation-du-matriel-danode-de-graphite-qualit-batterie-539558