Nouveau Monde Mining (TSE:NOU) has released an update.
Nouveau Monde Graphite Inc. has fulfilled its interest obligations by issuing over 141,000 common shares to settle accrued interests from a 2022 private placement, while also ceasing interest accrual on convertible notes related to its 2024 private placements. Additionally, the company has granted 2.56 million stock options to its staff, with a significant portion tied to performance milestones. With a focus on supplying carbon-neutral anode material for EVs and energy storage, NMG continues to strengthen its position in the renewable energy sector.
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