CERENERGY Batteries, Silumina Anodes Hike Altech’s Share Valuation 341 p.c: Analyst Report

The reiterated assist of IQ, an agent of the Authorities of Québec, and the addition of CGF, a C$15-billion unbiased and arm’s size public fund of the Canadian federal authorities, to NMG’s massive shareholders strengthen the Firm’s backing of key institutional buyers and supply a positive roadmap to challenge financing upon a constructive FID. CGF has a mandate to capitalize on Canada’s abundance of pure assets and strengthen crucial provide chains to assist the nation’s long-term prosperity. CGFIM, a completely owned subsidiary of PSP Investments, acts because the unbiased and unique funding supervisor of CGF.

Funding into NMG

Every of CGF and IQ has agreed to subscribe for frequent shares within the capital of NMG (the “Widespread Shares”), topic to sure circumstances, for mixture gross proceeds of US$50 million (the “Providing”). Pursuant to the Providing, the Firm will challenge 39,682,538 Widespread Shares at a value of US$1.26 per Widespread Share.

For every Widespread Share so subscribed, the Firm will challenge one share buy warrant (the “Warrants”) to every of CGF and IQ. The Warrant will entitle the holder thereof to amass one Widespread Share, from FID to the date that’s 5 years from the closing of the Providing, at a value per Widespread Share of US$2.38 – the identical strike value than the warrants beforehand issued to Common Motors Holdings LLC, a completely owned subsidiary of Common Motors Co. (collectively, “GM”) (NYSE: GM), Panasonic Vitality Co., Ltd. (“Panasonic Vitality”), a completely owned subsidiary of Panasonic Holdings Company (“Panasonic”) (TYO: 6752), and Mitsui & Co. , Ltd. (“Mitsui”) (TYO: 8031) in February 2024. The train of the Warrants is topic to sure possession limitations.

In reference to the funding, NMG may also enter into an investor rights settlement (collectively, the “Investor Rights Agreements”) and a registration rights settlement with every of CGF and IQ on the closing of their funding. Pursuant to the Investor Rights Agreements, every of CGF and IQ will likely be restricted from promoting its respective securities till August 28, 2025. The Investor Rights Agreements additionally present every of CGF and IQ with sure rights regarding its funding in NMG, together with particularly sure board nomination and anti-dilution rights.

The Widespread Shares and the Warrants will likely be topic to a four-month maintain interval underneath Canadian securities legal guidelines. CGF’s and IQ’s investments are anticipated to shut concurrently on or about December 19, 2024. Closing of the investments is topic to sure customary circumstances and regulatory approvals, together with the approval of the TSX Enterprise Alternate (the “TSXV“) and the authorization of the New York Inventory Alternate.

Continued Progress Towards FID

The Firm is actively progressing towards the finalization of an up to date feasibility examine for its built-in Part-2 operations to optimize manufacturing parameters, engineering, and price projections; the up to date outcomes are anticipated early in Q1-2025. Proceeds from the contemplated funding are destined to advance detailed and equipment-specific engineering with procurement of some long-lead gadgets, assist Part-2 critical-path actions in addition to to cowl common and administrative bills, working capital, and financing prices.

NMG continues the preparation to FID by way of the signature of an Influence and Profit Settlement with the Atikamekw First Nation of Manawan for the Matawinie Mine , industrial engagement with anchor and potential clients in addition to challenge financing planning actions with potential lenders, anchor clients and institutional fairness buyers.

About Nouveau Monde Graphite

Nouveau Monde Graphite is an built-in firm creating accountable mining and superior manufacturing operations to provide the worldwide economic system with carbon-neutral energetic anode materials to energy EV and renewable power storage methods. The Firm is creating a completely built-in ore-to-battery-material supply of graphite-based energetic anode materials in Québec, Canada. With enviable ESG requirements and structuring partnerships with anchor clients, NMG is ready to develop into a strategic provider to the world’s main lithium-ion battery and EV producers, offering high-performing and dependable superior supplies whereas selling sustainability and provide chain traceability. www.NMG.com

About Canada Development Fund

CGF is a $15 billion public fund, at arm’s size from the federal government, that may assist entice non-public capital to construct Canada’s inexperienced economic system. It is going to do that by utilizing risk-absorbing funding devices to encourage non-public fairness in low-carbon initiatives, applied sciences, firms and provide chains. CGF will make strategic investments to assist Canada obtain nationwide financial and local weather coverage aims. For extra info on CGF’s mandate, strategic aims, funding standards, scope of funding actions and vary of devices, please go to www.cgf-fcc.ca/en/ .

About Investissement Québec

Investissement Québec’s mission is to play an energetic position in Quebec’s financial improvement by stimulating enterprise innovation, entrepreneurship, and enterprise acquisitions, in addition to development in funding and exports. Working in all of the province’s administrative areas, the Company helps the creation and development of companies of all sizes with investments and customised monetary options. It additionally assists companies by offering consulting providers and different assist measures, together with technological help obtainable from Investissement Québec Innovation. As well as, by means of Investissement Québec Worldwide, the Company prospects for expertise and international funding, and assists Quebec companies with export actions.

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Cautionary Observe

This press launch comprises “forward-looking info” and “forward-looking statements” throughout the which means of relevant securities laws (collectively, ” forward-looking statements “), together with, however not restricted to, statements regarding future occasions or future monetary or working efficiency of the Firm and replicate administration’s expectations and assumptions relating to the Firm’s development, outcomes, efficiency and enterprise prospects and alternatives. Such forward-looking statements replicate administration’s present beliefs and are primarily based on info at the moment obtainable to it. These forward-looking statements embody, however should not restricted to, statements describing the Firm’s skill to proceed its improvement towards industrial operations, the Firm’s skill to acquire all needed regulatory approvals, together with the ultimate approval of the TSXV for the Providing, the supposed use of proceeds of the Providing, the Firm’s skill to make tangible developments and place strategic orders in preparation for the challenge execution, the constructive final result of FID, the receipt of the up to date outcomes of the feasibility examine in Q1-2025, the Firm’s skill to provide the worldwide economic system with carbon-neutral energetic anode materials to energy EV and renewable power storage methods, to develop a completely built-in ore-to-battery-material supply of graphite-based energetic anode materials within the Province of Québec, to create the most important totally built-in pure graphite manufacturing facility in North America, to develop into a strategic provider to the world’s main lithium-ion battery and EV producers and to offer high-performing and dependable superior supplies whereas contributing to an area, sustainable and dependable provide chain, the anticipated outcomes of the initiatives described on this press launch, these statements that are mentioned underneath the “About Nouveau Monde” paragraph, these statements that are mentioned underneath the “About Canada Development Fund” paragraph, and people statements that are mentioned underneath the “About Investissement Québec” paragraph, and elsewhere within the press launch which basically describe the Firm’s outlook and aims.

Ahead-looking statements are primarily based on cheap assumptions which have been made by the Firm as on the date of such statements and are topic to recognized and unknown dangers, uncertainties, and different elements which will trigger the precise outcomes, degree of exercise, efficiency, or achievements of the Firm to be materially completely different from these expressed or implied by such forward-looking statements, together with however not restricted to, common enterprise and financial circumstances, the precise outcomes of present improvement, engineering and planning actions, entry to capital and future costs of graphite, mining improvement actions inherent dangers, the speculative nature of mining improvement, modifications in mineral manufacturing efficiency, the uncertainty of processing the Firm’s expertise on a industrial foundation, improvement and manufacturing timetables, competitors and market dangers; pricing pressures, different dangers of the mining trade, and extra engineering and different evaluation is required to completely assess their affect, the truth that sure of the initiatives described on this press launch, are nonetheless within the early phases and should not materialize, enterprise continuity and disaster administration, political instability and worldwide conflicts. A extra detailed description of dangers and uncertainties might be discovered within the part entitled “Danger Components” within the Firm’s most up-to-date annual info type and within the Firm’s most up-to-date MD&A, which is accessible on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov . Different unpredictable or unknown elements not mentioned on this cautionary notice may even have a fabric antagonistic impact on the forward-looking statements.

There might be no assurance that such forward-looking statements will show to be correct, as precise outcomes and future occasions may differ materially from these anticipated in such statements. The Firm doesn’t undertake to replace or revise any forward-looking statements which can be included on this press launch, whether or not on account of new info, future occasions, or in any other case, besides in accordance with relevant securities legal guidelines.

Market and trade knowledge introduced all through this press launch was obtained from third-party sources and trade stories, publications, web sites, and different publicly obtainable info, in addition to trade and different knowledge ready by the Firm or on behalf of the Firm primarily based on its information of the markets through which the Firm operates, together with however not restricted to info supplied by suppliers, companions, clients and different trade members. The Firm believes that the market and financial knowledge introduced all through this press launch is correct as of the date of publication and, with respect to knowledge ready by the Firm or on behalf of the Firm, that estimates and assumptions are at the moment applicable and cheap, however there might be no assurance as to the accuracy or completeness thereof. The accuracy and completeness of the market and financial knowledge introduced all through this press launch should not assured and the Firm doesn’t make any illustration as to the accuracy of such knowledge and the Firm doesn’t undertake to replace or revise such knowledge. Precise outcomes could range materially from these forecasted in such stories or publications, and the prospect for materials variation might be anticipated to extend because the size of the forecast interval will increase. Though the Firm believes it to be dependable as of the date of publication, the Firm has not independently verified any of the info from third-party sources referred to on this press launch, analyzed or verified the underlying research or surveys relied upon or referred to by such sources, or ascertained the underlying market, financial and different assumptions relied upon by such sources. Market and financial knowledge are topic to variations and can’t be verified on account of limits on the supply and reliability of information inputs, the voluntary nature of the data-gathering course of and different limitations and uncertainties inherent in any statistical survey.

Neither the TSX Enterprise Alternate nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Alternate) accepts duty for the adequacy or accuracy of this press launch.

This press launch doesn’t represent a proposal to promote or a solicitation of a proposal to purchase any of the securities in america. The securities provided haven’t been and won’t be registered underneath america Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities legal guidelines and is probably not provided or offered inside america or to U.S. Individuals except registered underneath the U.S. Securities Act and relevant state securities legal guidelines or an exemption or exclusion from such registration is accessible. “United States” and “U.S. Particular person” are as outlined in Regulation S underneath the U.S. Securities Act.

Further details about the Firm is accessible by means of our common submitting of press releases, monetary statements and our most up-to-date Annual Data Kind on SEDAR+ ( www.sedarplus.ca ) and EDGAR ( www.sec.gov ). These paperwork and different details about NMG can be discovered on our web site at: www.NMG.com