# EDGAR Filing Document

**Accession Number:** 0001916062
**File Stem:** 0001213900-25-103420
**Filing Date:** 2025-10
**Character Count:** 17632
**Document Hash:** a1d4a028ded60e846e5516f4b7dad603
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001213900-25-103420.hdr.sgml**: 20251029

**ACCESSION NUMBER**: 0001213900-25-103420

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13D/A

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20251029

**DATE AS OF CHANGE**: 20251029

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Nouveau Monde Graphite Inc.
- **CENTRAL INDEX KEY:** 0001649752
- **STANDARD INDUSTRIAL CLASSIFICATION:** MISCELLANEOUS METAL ORES [1090]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 000000000
- **STATE OF INCORPORATION:** Z4
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-93613
- **FILM NUMBER:** 251429493

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 6 CHEMIN DES BOULEAUX
- **CITY:** L'ANGE-GARDIEN
- **NON US STATE TERRITORY:** QUEBEC, CANADA
- **PROVINCE COUNTRY:** A8
- **ZIP:** J8L 0G2
- **BUSINESS PHONE:** 819-923-0333

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 6 CHEMIN DES BOULEAUX
- **CITY:** L'ANGE-GARDIEN
- **NON US STATE TERRITORY:** QUEBEC, CANADA
- **PROVINCE COUNTRY:** A8
- **ZIP:** J8L 0G2

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Nouveau Monde Mining Enterprises Inc.
- **DATE OF NAME CHANGE:** 20150731
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Pallinghurst Graphite International Ltd
- **CENTRAL INDEX KEY:** 0001916062

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** Y7
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A

**BUSINESS ADDRESS:**
- **STREET 1:** 23-25 LE POLLET
- **CITY:** ST. PETER PORT
- **STATE:** Y7
- **ZIP:** GY1 1WQ
- **BUSINESS PHONE:** 011441481740520

**MAIL ADDRESS:**
- **STREET 1:** 23-25 LE POLLET
- **CITY:** ST. PETER PORT
- **STATE:** Y7
- **ZIP:** GY1 1WQ

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13D

### Under the Securities Exchange Act of 1934

**(Amendment No. 3)**

**Nouveau Monde Graphite Inc.**

*(Name of Issuer)*

**Common Shares, no par value**

*(Title of Class of Securities)*

**66979W842**

*(CUSIP Number)*

**Andrew Willis**<br>c/o Pallinghurst Graphite International<br>23-25 Le Pollet,<br>St Peter Port Y7 GY1 1WQ<br>44 1481 740 520

*(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)*

**10/15/2025**

*(Date of Event Which Requires Filing of this Statement)*

| **CUSIP No.** | **66979W842** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Pallinghurst Graphite International Limited** | Name of reporting person<br>**Pallinghurst Graphite International Limited** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**WC** | Source of funds (See Instructions)<br>**WC** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**Y7** | Citizenship or place of organization<br>**Y7** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**3531140.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**5618907.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**3531140.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**5618907.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**9150047.00** | Aggregate amount beneficially owned by each reporting person<br>**9150047.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**6.00%** | Percent of class represented by amount in Row (11)<br>**6.00%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**HC** | Type of Reporting Person (See Instructions)<br>**HC** | |

---

| **CUSIP No.** | **66979W842** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Pallinghurst Bond Limited** | Name of reporting person<br>**Pallinghurst Bond Limited** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**WC** | Source of funds (See Instructions)<br>**WC** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**Y7** | Citizenship or place of organization<br>**Y7** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**13026348.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**13026348.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**0.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**13026348.00** | Aggregate amount beneficially owned by each reporting person<br>**13026348.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**8.21%** | Percent of class represented by amount in Row (11)<br>**8.21%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**OO** | Type of Reporting Person (See Instructions)<br>**OO** | |

---

**Item 1. Security and Issuer**

**(a) Title of Class of Securities:**
Common Shares, no par value

**(b) Name of Issuer:**
Nouveau Monde Graphite Inc.

**(c) Address of Issuer's Principal Executive Offices:**
481 rue Brassard, Saint-Michel-des-Saints, Quebec, A8, J0K 3B0

Explanatory Note

Pursuant to Rule 13d-2 under the U.S. Securities Exchange Act of 1934, as amended (the "Exchange Act"), this Amendment No. 3 to the Schedule 13D (as defined below) ("Amendment No. 3") amends and supplements certain items of the Schedule 13D related to the common shares, no par value (the "Common Shares") of Nouveau Monde Graphite Inc. ("NMG"), a corporation existing under the federal laws of Canada, filed with the U.S. Securities and Exchange Commission (the "SEC") on April 1, 2022 (the "Original Schedule 13D"), as amended by the First and Second Amendments to the Original Schedule 13D, dated as of November 15, 2022 and May 2, 2024, respectively ("Amendment No. 1" and "Amendment No. 2") and as further amended by this Amendment  No. 3 (and together with the Original Schedule 13D, Amendment No.1 and Amendment No. 2, the "Schedule 13D"). Except as set forth below, all items of Amendment No. 2 remain unchanged. All capitalized terms contained but not otherwise defined herein shall have the meanings ascribed to such terms in Amendment No. 1 and Amendment No. 2.

**Item 4. Purpose of Transaction**

Item 4 of the Schedule 13D is hereby amended and supplemented by adding the following:

Pallinghurst International disposed of 2,390,966 Common Shares of NMG between October 1, 2025 and October 24, 2025, equating to 1.57% of the total Common Shares of NMG outstanding, which has led to the filing of this Amendment No. 3.

**Item 5. Interest in Securities of the Issuer**

**(a)**
Beneficial Ownership of Common Shares of NMG as of October 24, 2025

Beneficial Ownership

Reporting Person:

Common Shares
Pallinghurst International(1)(3)    9,150,047
Pallinghurst Bond(2)(3)                13,026,348

Percentage(4)
Pallinghurst International(1)(3)   6.00%
Pallinghurst Bond(2)(3)                8.21%

Voting and Dispositive Power

Sole Power
Pallinghurst International(1)(3)     3,531,140
Pallinghurst Bond(2)(3)                  13,026,348

Shared Power
Pallinghurst International(1)(3)    5,618,907
Pallinghurst Bond(2)(3)                 0

(1) Pallinghurst International may be deemed the indirect beneficial owner of 5,618,907 Common Shares of NMG directly beneficially owned by Pallinghurst Graphite. Additionally, Pallinghurst International directly beneficially owns 3,531,140 Common Shares of NMG. No entity or individual is deemed to be an ultimate beneficial owner of Pallinghurst International's Common Shares. Thus, Pallinghurst International may be deemed to have shared voting and dispositive power over 5,618,907 Common Shares and to have sole voting and dispositive power of its 3,531,140 Common Shares.

(2)  Pallinghurst Bond directly beneficially owns 6,776,348 Common Shares and 6,250,000 Warrants, with each such Warrant being exercisable for one Common Share of NMG in connection with a Tranche 2 investment at the final investment decision of NMG, or earlier if the Issuer were to issue an acceleration notice. No entity or individual is deemed to be an ultimate beneficial owner of Pallinghurst Bond's Common Shares. Thus, Pallinghurst Bond may be deemed to have sole voting and dispositive power of the 6,776,348 Common Shares and 6,250,000 Warrants.

(3) Each of Pallinghurst International and Pallinghurst Bond has a board of directors which makes voting and investment decisions over the Common Shares owned by it. However, because these boards are elected by different shareholder bases, no single director is deemed to control voting or disposition of the Common Shares owned by each of Pallinghurst International and Pallinghurst Bond. Thus, no individual or shareholder is deemed a common beneficial owner of the Common Shares of Pallinghurst International and Pallinghurst Bond. The table shows all Reporting Persons for illustrative purposes only, and is not an admission of co-ownership among Pallinghurst International and Pallinghurst Bond. Pallinghurst International and Pallinghurst Bond may still be deemed a "group" for purposes of Section 13(d) of the Exchange Act, because their boards of directors are composed of the same individuals and because both Pallinghurst International and Pallinghurst Bond are parties to and have rights under the Second Amended and Restated Investment Agreement with NMG.

(4) Based on 152,400,705 Common Shares of NMG outstanding as of October 23, 2025, as reported by NMG, plus, in the case only of Pallinghurst Bond, 6,250,000 Common Shares of NMG that may be issued if the underlying Warrants are exercised in full by Pallinghurst Bond.

Beneficial Ownership of Common Shares of NMG as of October 24, 2025

Beneficial Ownership

Covered Person:

Common Shares
Arne H. Frandsen(1)        494,296
Andrew Paul Willis(2)     112,500

Percentage(3)
Arne H. Frandsen(1)        0.32%
Andrew Paul Willis(2)      0.07%

Voting and Dispositive Power

Sole Power
Arne H. Frandsen(1)      494,296
Andrew Paul Willis(2)   112,500

Shared Power
Arne H. Frandsen(1)      0
Andrew Paul Willis(2)    0

(1) Mr. Frandsen is the direct beneficial owner of: (i) 311,796 Common Shares of NMG; and (ii) 182,500 stock options, which are currently exercisable into 182,500 Common Shares of NMG.

(2) Mr. Willis is the direct beneficial owner of 112,500 stock options, which are currently exercisable into 112,500 Common Shares of NMG.

(3) Based on 152,400,705 Common Shares of NMG outstanding as of October 21, 2025, as reported by NMG to the Reporting Persons, plus, with respect only to Mr. Frandsen, 182,500 Common Shares of NMG issuable upon the exercise of 182,500 stock options granted to Mr. Frandsen, and with respect only to Mr. Willis, 112,500 Common Shares of NMG issuable upon the exercise of 112,500 stock options granted to Mr. Willis.

Except as disclosed in this Schedule 13D, none of the Reporting Persons, or, to the best of the Reporting Persons' knowledge, any of the Covered Individuals, beneficially owns any Common Shares of NMG or has the right to acquire any Common Shares of NMG, and none of the Reporting Persons, or, to the best of the Reporting Persons' knowledge, any of the Covered Individuals, presently has the power to vote or to direct the vote or to dispose or direct the disposition of any of the Common Shares of NMG that they may be deemed to beneficially own.

**(b)**
—

**(c)**
During the 60 days preceding this Amendment No. 3, the Reporting Persons and, to the best of the Reporting Persons' knowledge, the Covered Persons did not transact in any Common Shares, except as follows:

Reporting Person - Pallinghurst International:

Date                    Transaction(1)        Common Shares      Per Share Price(2)      Trading Range(3)
October 1, 2025                Sale                        700                 $2.80                        $2.80 to $2.81
October 2, 2025                Sale                        900                 $2.69                        $2.68 to $2.69
October 3, 2025                Sale                        69,946            $2.79                        $2.70 to $2.84
October 6, 2025                Sale                        182,494          $2.90                        $2.80 to $2.96
October 7, 2025                Sale                        284,156          $3.10                        $2.98 to $3.27
October 9, 2025                Sale                       134,000           $3.86                        $3.59 to $4.15
October 10, 2025              Sale                        75,000            $3.73                        $3.38 to $3.95
October 13, 2025              Sale                        41,864            $3.73                        $3.52 to $4.52
October 13, 2025              Sale                        8,036              $4.91                        $4.53 to $5.53
October 13, 2025              Sale                        100                 $5.75                        $5.54 to $5.75
October 14, 2025              Sale                        648,294          $4.91                        $4.48 to $5.48
October 14, 2025              Sale                        16,616            $5.85                        $5.49 to $6.05
October 15, 2025              Sale                        71,590            $4.39                        $3.99 to $4.99
October 15, 2025              Sale                        2,500              $5.07                        $5.00 to $5.15
October 16, 2025              Sale                        83,200            $3.51                        $3.28 to $4.02
October 17, 2025              Sale                       512,018           $3.41                        $2.99 to $3.62
October 20, 2025              Sale                       190,692           $3.22                        $3.03 to $3.50
October 21, 2025              Sale                       42,100             $3.01                        $2.96 to $3.30
October 23, 2025              Sale                      23,400              $3.01                        $3.00 to $3.05
October 24, 2025              Sale                      3,360                $3.01                        $3.00 to $3.02
Total                                                                2,390,966         $3.79

Covered Person - Andrew Paul Willis:

Date                          Transaction(1)    Common Shares       Per Share Price(2)       Trading Range(3)
October 10, 2025        Sale                  47,600                       $3.57                           $3.50 to $3.65
October 13, 2025        Sale                 167,555                      $3.62                           $3.55 to $3.73
Total                                                     215,155                      $3.61

(1) All such transactions were effected in the open market by the Reporting Person or the Covered Person, as the case may be.
(2) Excludes commissions paid in per share prices. The prices reported in this column are weighted-average prices. These shares were sold in multiple transactions, within the ranges set forth in the above table.
(3) The Reporting Persons undertake to provide the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in the above table.

### SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Pallinghurst Graphite International Limited

**Signature:** /s/ Andrew Willis

**Name/Title:** Andrew Willis/Director

**Date:** 10/29/2025

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Pallinghurst Bond Limited

**Signature:** /s/ Andrew Willis

**Name/Title:** Andrew Willis/Director

**Date:** 10/29/2025