RE:RE:Green light for Nouveau Monde positiveDirectvoice,
Yes .The Canada Growth Fund, on behalf of The Government of Canada, participated in a private placement equity financing, providing Nouveau Monde Graphite $35.6 Million in return for 19.8 Million NOU.V shares priced at CAD$1.90 and share purchase warrants price at US$2.38, which can be exercised immediately upon NMG representatives arriving at and publicly announcing "a positive" final investment decision, FID.
Investment Quebec participated along with The Canada Growth Fund, with the same terms as CGF's investment, for aggregate proceeds to NMG of CAD$71 Million.
Also, you are correct.
Earlier during the first quarter of 2025 the updated feasibility study for the entirety of NMG's Phase Two is to be publicly released and potentially soon thereafter, if not concurrently with the release of the positive FID, the final investment decision would be publicly disseminated.
The CGF and Investment Quebec "seem" to be preparing the waterway upon which a steady flow of "follow-on" investments would be directed into NMG from GM, Panasonic and other investments entities, e.g. other Canadian pension funds specifically, private equity players, major Canadian, European and U.S. banks, global venture capital investors and likely a third and perhaps most pivotal offtake purchasing customer, etc.