NMG Announces Offtake Agreement with GM for Canadian Graphite and US$150 Million Equity Investment

MONTRÉAL--(BUSINESS WIRE)--Nouveau Monde Graphite Inc. (“NMG“ or the “Company”) (NYSE: NMG, TSX.V: NOU) and General Motors Holdings LLC (“GM”), a wholly owned subsidiary of General Motors Co. (NYSE: GM), have agreed to sign a supply agreement (the “Supply Agreement”) upon closing of the Tranche 1 Investment, in which NMG will provide 18,000 tonnes per annum (“tpa”) of its expected Phase-2 active anode material output to GM upon reaching full production for an initial term of six years. In complement to the ...