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Business Wire
5 days ago
- Business
- Business Wire
NMG Discloses Annual General & Special Meeting Voting Results and Obtains Industry Recognition
MONTRÉAL--(BUSINESS WIRE)--Nouveau Monde Graphite Inc. ('NMG' or the 'Company') (NYSE: NMG, TSX: NOU) held today its virtual Annual General and Special Meeting of Shareholders (the 'Meeting') which was supplemented with a corporate presentation on market perspectives and the Company's progress toward bringing its Phase-2 Matawinie Mine and Bécancour Battery Material Plant to final investment decision ('FID'). Arne H Frandsen, former Chair of NMG, announced: 'These are exciting and dynamic times, with Western economies reshaping their trade, economic development, energy, and defense agendas. NMG is well positioned, in a stable and recognized jurisdiction, to market its turnkey source of active anode material to manufacturers and governments hungry for minerals. I am delighted to see Daniel stepping up to lead the Board for this next chapter at NMG, best of success to Team Nouveau Monde!' Eric Desaulniers, Founder, President, and CEO of NMG, declared: 'While current geopolitics are challenging market conditions, we see continued growth in electric vehicles ('EVs') sales and deployment of energy storage systems for renewable power and data centers across the world. We maintain active engagement with our customers and targeted financial stakeholders to define and strengthen the commercial and financing framework of our integrated Phase-2 projects. And to guide our Company's next phase of development and growth, we welcome to the Board newly appointed experienced executives as Directors; bienvenue Paola and Judith! I take this opportunity to thank again our long-time investor Pallinghurst for their instrumental support over the years, as well as Jamie Scarlett for his contribution to the Company's sound governance.' Daniel Buron, new Chair of NMG, stated: 'I am happy to transition from Lead Independent Director to Chair of NMG to steer the Company amid this period of complex changes as we prepare for FID. I would like to also extend my appreciation to Arne, Andrew and Jamie for their guidance and contribution to the Board.' Matters Voted upon at the Meeting and Results Each of the seven nominees listed in the Company's management information circular dated May 14, 2025, provided in connection with the Meeting were appointed as Directors of the Company. Shareholders also adopted all other resolutions submitted for their approval, including the appointment of PricewaterhouseCoopers LLP as the auditors of the Company to hold office until the close of the next annual meeting of the Company and the authority given to directors to set its compensation; the ratification and confirmation of the Company's omnibus plan, as amended at the Meeting by the shareholders; as well as the approval of stock options granted to directors, officers and employees. The complete voting results for each item of business are as follows: ELECTION OF DIRECTORS APPOINTMENT AND COMPENSATION OF PRICEWATERHOUSE COOPERS LLP AS AUDITOR Votes in Favor % Votes in Favor Votes Withheld % Votes Withheld 113,460,899 99.92% 93,445 0.08% Expand AMENDMENT OF THE PROPOSED RESOLUTION ON THE OMNIBUS PLAN OF THE COMPANY Votes in Favor % Votes in Favor Votes Against % Votes Against 113,460,899 99.99% 300 0.01% Expand RATIFICATION AND CONFIRMATION OF THE COMPANY'S OMNIBUS PLAN, AS AMENDED AT THE MEETING BY THE SHAREHOLDERS Votes in Favor % Votes in Favor Votes Against % Votes Against 108,117,493 98.94% 1,154,631 1.06% Expand APPROVAL OF STOCK OPTIONS GRANTED TO DIRECTORS, OFFICERS AND EMPLOYEES Details of the voting results on all matters considered at the Meeting are available in the Company's report of voting results, which is available under NMG's profile on SEDAR+ at and on EDGAR at Industry Recognition Fastmarkets, a leading cross-commodity price reporting agency in the metals and mining market, has nominated NMG for three Voltas Awards: Best New Project for the Matawinie Mine, set to supply the North American battery-to-EV supply chain with 106,000 tpa of graphite concentrate. Innovation of the Year for the Company's hydroelectricity-powered, traceable ore-to-battery-material value chain at the future Phase-2 Matawinie Mine and Bécancour Battery Material Plant. Leader of the Year for Eric Desaulniers, in recognition of his visionary development of an integrated and ESG-aligned value chain, from ore to active anode material, backed by strategic partnerships with OEMs. The awards are to be announced at Fastmarkets' Lithium Supply and Battery Raw Materials Conference 2025, to be held next week in Las Vegas. About Nouveau Monde Graphite Nouveau Monde Graphite is an integrated company developing responsible mining and advanced processing operations to supply the global economy with carbon-neutral active anode material to power EV and renewable energy storage systems. The Company is developing a fully integrated ore-to-battery-material source of graphite-based active anode material in Québec, Canada. With recognized ESG standards and structuring partnerships with anchor customers, NMG is set to become a strategic supplier to the world's leading lithium-ion battery and EV manufacturers, providing advanced materials while promoting sustainability and supply chain traceability. Subscribe to our news feed: Cautionary Note Regarding Forward-Looking Information This press release contains 'forward-looking information' and 'forward-looking statements' within the meaning of applicable securities legislation (collectively, 'forward-looking statements'), including, but not limited to, the Company's ability to secure its project financing and to secure a positive FID, the completion of the Phase-2 Matawinie Mine and Bécancour Battery Material Plant, and those statements which are discussed under the 'About Nouveau Monde' paragraph and elsewhere in the press release which essentially describe the Company's outlook and objectives. Forward-looking statements are based upon a number of estimates and assumptions that, while considered reasonable by the Company as of the time of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. These estimates and assumptions are not guarantees of future performance and may prove to be incorrect. Moreover, these forward-looking statements are based upon various underlying factors and assumptions, including the business relationship between the Company and its stakeholders, the ability to obtain sufficient financing for the development of the Matawinie Mine and the Bécancour Battery Material Plant, the Company's ability to satisfy the due diligence processes of the stakeholders, and are not guarantees of future performance. Forward-looking statements are subject to known or unknown risks and uncertainties that may cause actual results to differ materially from those anticipated or implied in the forward-looking statements. Risk factors that could cause actual results or events to differ materially from current expectations include, among others, availability financing or financing on favorable terms for the Company, delays in the reaching FID, and general economic conditions, as well as earnings, capital expenditure, cash flow and capital structure risks and general business risks. A further description of risks and uncertainties can be found in NMG's Annual Information Form dated March 31, 2025, including in the section thereof captioned 'Risk Factors', which is available on SEDAR+ at and on EDGAR at Unpredictable or unknown factors not discussed in this Cautionary Note could also have material adverse effects on forward-looking statements. 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 Company 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.
Yahoo
13-06-2025
- Yahoo
Holyoke man charged with attempted murder and multiple gun offenses
HOLYOKE, Mass. (WWLP) – A suspect has been arrested in connection with a shooting in Holyoke last month. In a news release from Holyoke Police Chief Brian Keenan, officers were called at around 6:15 p.m. on May 26 for a report of a shooting victim in the area of Race and Dwight Streets. When officers arrived, they found an adult man suffering from a gunshot. He was taken to the hospital and is expected to survive. Suspect wanted in connection with armed robbery arrested following Springfield police chase Police say that the shooting happened a few minutes beforehand in the area of West and Mosher Streets. A description of the suspect and their vehicle was obtained. The vehicle was found on Clemente Street at around 6:45 p.m. An arrest warrant was issued for the suspect, 33-year-old Victor Manuel-Pirela of Holyoke. On Wednesday at around 1 p.m., officers located Manuel-Pirela inside an apartment on Spring Street in Springfield. He was arrested and charged with the following: Arrest Warrant Firearm-Armed Assault to Murder Assault & Battery with a Dangerous Weapon Discharging a Firearm within 500 Feet of a Building Possession of a Firearm during the Commission of a Felony Possession of Ammunition without an FID Card Possession of a Firearm without an FID Card Arrest Warrant Forge/Misuse RMV Document False Application for a Motor Vehicle License Identity Fraud WWLP-22News, an NBC affiliate, began broadcasting in March 1953 to provide local news, network, syndicated, and local programming to western Massachusetts. Watch the 22News Digital Edition weekdays at 4 p.m. on Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
13-06-2025
- Business
- Yahoo
NMG receives LOIs for more than C$1bn in project debt financing
Nouveau Monde Graphite (NMG) has received letters of interest (LOIs) for more than C$1bn ($731.3m) in project debt financing to fund the company's phase-two Matawinie Mine and Bécancour Battery Material Plant in Québec, Canada. The financing structure is expected to include contributions from syndicate institutional funds and export credit agencies. The company's updated feasibility study, released earlier this year, confirmed the technical and economic viability of its integrated graphite projects, boasting an after-tax internal rate of return of 17.5% and a net present value of C$1.05bn. With this foundation, NMG is moving towards a final investment decision (FID) for phase two of its operations. Export Development Canada (EDC) has expressed interest in providing up to C$430m. The Export–Import Bank of the United States has also issued an LOI for $172m under its Supply Chain Resiliency Initiative (SCRI). The SCRI is designed to diversify US supply chains, reduce dependency on China, and bolster US national and economic security while creating US jobs. Additionally, more than $481m in potential support has been indicated by undisclosed parties. While details remain confidential, these discussions underscore the strategic and economic importance of NMG's project. NMG founder, president and CEO Eric Desaulniers said: 'We have been extremely busy in the past weeks to present the results of our Updated Feasibility Study and engage with our financial stakeholders to advance our project financing. Feedback has been positive as demonstrated by the quality of lenders rallying behind our business plan. 'Economies around the world are seeking opportunities to relocate and secure critical minerals mining and processing to enable local manufacturing, economic resilience, energy autonomy and national security.' NMG is actively engaging with various governmental bodies and public institutions to finalise the overall debt funding package. The anticipated debt structure is in line with NMG's financing projections and contemplates long-term debt or guarantees with a maturity beyond ten years. The non-binding LOIs are a precursor to finalising a term sheet and are part of a broader financing strategy that includes equity financing and fulfilling conditions precedent. While negotiations continue, there is no certainty that final agreements will be reached or that funding will be secured. Specialised advisory firms are conducting due diligence to assess corporate, technical, market and environmental, social and governance aspects of the phase-two operations. The results of this due diligence will inform the structuring of legal documentation and the project debt package before the investment committee reviews. NMG is also preparing for an FID by advancing technical documentation, negotiating supplier contracts and preparing for construction tenders. In December last year, NMG received $50m in equity investment from the Canada Growth Fund and the Government of Québec, through Investissement Québec, to support its graphite operations. "NMG receives LOIs for more than C$1bn in project debt financing" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
12-06-2025
- Yahoo
Springfield police seize guns, drugs in Garland Street raid
SPRINGFIELD, Mass. (WWLP) – Two illegal firearms, crack-cocaine, marijuana, and cash were seized during a search warrant executed on Garland Street in Springfield. In a news release sent to 22News from the Springfield Police Department, a several-months long investigation into a suspect, 50-year-old Howard Dukes of Springfield, allegedly distributing crack-cocaine led to a search warrant at his home on Garland Street. Piles of trash, furniture and uncut grass led citation sweep in Springfield At around 6:15 a.m., officers executed the search warrant and found Dukes in the bathroom, allegedly flushing drugs down the toilet. Dukes and several other occupants were detained while officers searched the home. Two illegal firearms, more than the legal amount of marijuana, crack-cocaine and cash were seized and the following were arrested. Howard Dukes is charged with the following: Possession with the Intent to Distribute a Class B Drug Tampering or Destruction of Evidence Aziyah Glover (21) of Springfield is charged with the following: Possession of a Firearm without an FID Card (Two Counts) Possession of a Large Capacity Firearm Possession of Ammunition without an FID Card (Two Counts) Receiving Stolen Property Less than $1200 Improper Storage of a Firearm (Two Counts) Possession with the Intent to Distribute a Class D Drug Eu'Kali Glover (22) of Springfield is charged with the following: Possession of a Firearm without an FID Card (Two Counts) Possession of Ammunition without an FID Card (Two Counts) Receiving Stolen Property Less than $1200 Improper Storage of a Firearm (Two Counts) Possession with the Intent to Distribute a Class D Drug WWLP-22News, an NBC affiliate, began broadcasting in March 1953 to provide local news, network, syndicated, and local programming to western Massachusetts. Watch the 22News Digital Edition weekdays at 4 p.m. on Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Reuters
12-06-2025
- Business
- Reuters
UK to invest 200 million pounds in Acorn carbon capture project in Scotland
LONDON, June 12 (Reuters) - Britain will invest 200 million pounds ($272 million) in the Acorn carbon capture and storage (CCS) project in Scotland, the government said on Thursday, fleshing out details of funding for the technology announced in a spending review on Wednesday. Britain has a climate target to reach net zero emissions by 2050 and has said CCS will be needed to curb emissions from energy-intensive industrial sectors. Acorn, being developed by Storegga, Shell UK (SHEL.L), opens new tab, Harbour Energy (HBR.L), opens new tab and North Sea Midstream Partners, in St Fergus, Scotland, will capture carbon dioxide emissions from industry and store them under the North Sea. "This vital support will enable the critical work needed to reach Final Investment Decision (FID) and marks a major step forward — not only for Acorn, but for the development of Scotland's CCS infrastructure and the growth of a UK-wide carbon capture and storage industry," Tim Stedman, CEO of Storegga, said in an emailed statement. The government said it would also back the Viking CCS project in the Humber region, in the north of England, without specifying how much it would receive. "This (funding) will support industrial renewal in Scotland and the Humber with thousands of highly-skilled jobs at good wages to build Britain's clean energy future," Britain's energy minister, Ed Miliband, said in a release from Britain's Department for Energy Security and Net Zero. Once operational, the two projects could capture up to 18 million tonnes of carbon dioxide a year, the government said. The funding is part of 9.4 billion pounds the government pledged to carbon capture technology over the spending review period and the 21.7 billion pounds it last year said would be spent on CCS over 25 years. ($1 = 0.7352 pounds)
