Canadian graphite supplier NMG closes $50 million in tranche-1 investment from GM, Panasonic
NMG’s multiyear offtake agreements with Panasonic Energy and GM for the supply of AAM cover approximately 85% of the company’s Phase-2 production
Canadian graphite supplier Nouveau Monde Graphite Inc. (NMG) announced on February 28 that it has successfully raised the equity investment of $50 million in accordance with the subscription agreements signed with Panasonic Holdings Corporation and General Motors Holdings LLC on February 14, 2024.
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