Nmg announces offtake agreement with gm for canadian graphite and us$150 million equity investment

MontrÉal--(business wire)---- $nmg #esg--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 compl.
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