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SAINT-MICHEL-DES-SAINTS, Québec, Sept. 17, 2018 (GLOBE NEWSWIRE) -- NOUVEAU MONDE GRAPHITE INC. (the “Corporation”) (TSX Venture Exchange:NOU) (OTCQX:NMGRF) (Frankfurt:NMG) is pleased to provide an update on its previously announced non-brokered private placement of flow through shares (the “Shares”) of the Corporation, at a subscription price of $0.36 per Share (the “Offering”).

The Offering has been proceeding well and the Corporation is encouraged by the interest received thus far. As announced on July 13, 2018, the Corporation closed the first tranche of its Offering pursuant to which an aggregate number of 2,777,778 Shares were issued and the Corporation expects to close the second tranche within the next few weeks. Given the interest received by subscribers, the Corporation filed for and received the conditional approval of the TSX Venture Exchange (the “TSXV”) with respect to the duration of its Offering and in order to increase the maximum threshold of the Offering from $1,500,000 to $2,000,000. The outside date upon which the final acceptance of the Offering will be granted by the TSXV has been extended to October 17, 2018.

Agreement in principle with the municipality of Saint-Michel-des-Saints.
The Corporation wants to clarify that despite the fact that the agreement in principle signed with the municipality of Saint-Michel-des-Saints and announced in the press release published last August 24^th is without consideration, the Corporation is committed to file with the municipality an integration and social integration plan including commitments in terms of employment and training as well as social and economic commitments including a royalty program and the creation of a generation fund.

About Nouveau Monde Graphite

In 2015, Nouveau Monde Graphite discovered a major and high-quality graphite deposit on its Matawinie property, located in Saint-Michel-des-Saints, 150 km north of Montreal, Quebec. The discovery led to the announcement of a prefeasibility study on October 25, 2017. The prefeasibility study results revealed projected graphite concentrate production levels of 52,000 tonnes per year over a 27-year period. In the summer of 2018, NMG will be launching its first tonnes of concentrated graphite flake manufactured in demonstration plant. NMG’s demonstration plant has been built for a production capacity of 2,000 tonnes of concentrated flake graphite for a two-year period.

Moreover, in a vertical integration and sustainable development perspective, the company is planning the establishment of a large-scale graphite secondary transformation facility, catering the needs of the booming lithium-ion battery market. With over 60 years of experience in the world of graphite, NMG’s team develops its projects with the utmost respect of neighboring communities, while favoring a minimal ecological footprint. NMG’s project is privileged by direct access to the workforce and infrastructure needed to operate its mining project, and it can also rely on an abundant, affordable and renewable source of hydroelectricity.

For more information:

Eric Desaulniers
President & CEO

Tel: +1 (819) 923-0333
www.nouveaumonde.ca 

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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.

All statements, other than statements of historical fact, contained in this press release including, but not limited to generally, or the “About Nouveau Monde Graphite” paragraph which essentially describe the Corporation’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 Corporation 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.

Many of these uncertainties and contingencies can directly or indirectly affect, and could cause, actual results to differ materially from those expressed or implied in any 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 provided for the purpose of providing information about management’s expectations and plans relating to the future. The Corporation disclaims any intention or obligation to update or revise any forward-looking statements or to explain any material difference between subsequent actual events and such forward-looking statements, except to the extent required by applicable law. 

Further information regarding Nouveau Monde is available in the SEDAR database (www.sedar.com) and on the Corporation’s website at: www.nouveaumonde.ca