Nouveau Monde pays accrued interests as part of November 8 private placement

Nouveau Monde Graphite announces payment of accrued interests as part of a previously announced private placement announced by press release dated November 8. Settlement of Accrued Interests Upon the approval of the TSX Venture Exchange and the New York Stock Exchange the accrued interests owed to Investissement Quebec for the first quarter of 2024 under the unsecured convertible note, as amended and restated, ssued in connection with 2022 Private Placement, will be deemed paid. 141,786 common shares at a price of $2.30 representing an aggregate amount of $326,108 will be issued and share certificates will be delivered to the Holder at the maturity, conversion, or redemption of the Note in payment of the accrued interests due on March 31 for the first quarter of the year. The issuance of Common Shares is subject to the approval of the Exchanges and, when issued, will be subject to a hold period of fou months and one day. In connection with NMG‘s private placements announcement on February 15 interest under the unsecured convertible notes issued by NMG to Mitsui and Pallinghurst Bond Limited, respectively, has ceased to accrue as of February 14.