NMG concludes funding package for Matawinie Phase 2 development

TSX- and NYSE-listed Nouveau Monde Graphite (NMG) has secured equity investments totalling $213-million from Canada Growth Fund (CGF), the government of Quebec through Investissement Québec (IQ) and global integrated energy company Eni. The private placement, together with a planned concurrent bought-deal public offering of subscription receipts that may garner $84-million, effectively concludes the equity component of the financing package for Phase 2 of the Matawinie mine, in Canada’s Nitaskinan territory north of Monréal.