Financing ·
Nouveau Monde Graphite Inc. announced the Financial Investment Decision (FID) and official construction launch for…
NMGNouveau Monde Graphite Inc.
Nouveau Monde Graphite Inc. announced the Financial Investment Decision (FID) and official construction launch for Phase 2 of its Matawinie Mine, following a C$427 million equity financing package that included a C$295 million private placement with strategic investors and the release of C$132 million from escrow. The company secured a long-term take-or-pay agreement with the Government of Canada for 30ktpy of flake graphite, featuring an upside-sharing mechanism, while also advancing commercial discussions with Eni S.p.A. for a potential 15ktpy offtake. Additionally, NMG completed a Class 3 cost estimate for its 13ktpy Bécancour Battery Material Plant, projecting C$374 million in CAPEX and targeting an FID in H2 2026. The company reported period-end cash of C$461 million and zero major environmental incidents as of June 30, 2026. Nouveau Monde Graphite Inc. is a mining and processing company developing integrated natural graphite operations for the battery supply chain.