Nouveau Monde Graphite Announces Payment of Accrued Interest to Investissement Québec via Common Shares
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Nouveau Monde Graphite Inc. has announced the payment of approximately US$290,079 in accrued interest to Investissement Québec for Q1 2025, to be settled through the issuance of 194,684 common shares at US$1.49 each. This transaction is part of a private placement and is classified as a related party transaction, as Investissement Québec holds over 10% of the company's securities. The share issuance requires approval from the Toronto and New York Stock Exchanges and will have a hold period of four months and one day.
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