TLDR
- NMG inks major deals fueling North America’s graphite supply chain.
- Canada locks 7-year graphite deal under its Critical Minerals Strategy.
- Panasonic pact fast-tracks NMG’s anode material for EV batteries.
- Traxys boosts NMG’s market reach with new graphite offtake deal.
- NMG nears Phase-2 financing with full graphite output secured.
Nouveau Monde Graphite Inc. (NMG) closed at $3.02, rising 3.07%, after confirming major binding supply and marketing agreements.
Nouveau Monde Graphite Inc., NMG
The deals strengthen its commercial base across strategic industries, setting a foundation for project financing and the launch of its Phase-2 operations. These agreements significantly advance NMG’s graphite value chain in North America.
Canada Secures Long-Term Graphite Supply for Allied Markets
The Government of Canada signed a binding term sheet with NMG for a seven-year offtake of 30,000 tonnes of graphite concentrate annually. This agreement covers supply for Canada and allied nations, supporting energy, defense, and manufacturing applications. It includes a take-or-pay structure for 15,000 tonnes at a fixed North American market price.
The arrangement aligns with Canada’s Critical Minerals Strategy, which prioritizes graphite as a key material for industrial growth and clean energy transition. NMG will manage marketing for the remaining volume and share profits equally with the government. Both parties will finalize definitive agreements following treasury board approval and due diligence processes.
This commitment positions NMG as a pivotal supplier within the global critical minerals framework. It also demonstrates Canada’s effort to strengthen domestic production and secure resilient supply chains. The deal supports NMG’s path toward final investment decision readiness for its Phase-2 Matawinie Mine.
Panasonic Energy Partnership Advances Anode Material Production
NMG revised its agreement with Panasonic Energy to accelerate the production of 13,000 tonnes of active anode material. The deal requires an estimated 25,000 tonnes of graphite concentrate annually from NMG’s Phase-2 Matawinie Mine. This update reflects both parties’ commitment to advancing battery material manufacturing in North America.
The new terms aim to fast-track NMG’s Phase-2 integrated value chain, improving project visibility and operational timelines. It also supports Panasonic Energy’s supply strategy for electric vehicle battery production. The agreement includes customary conditions precedent to ensure compliance and project execution efficiency.
This collaboration strengthens NMG’s standing in the EV battery ecosystem while enhancing its commercial viability. It also reinforces confidence among financial institutions as the company advances its project financing and due diligence efforts. The partnership showcases NMG’s ability to align with leading industry players for sustainable growth.
Traxys and Ongoing Negotiations Expand Market Reach
NMG finalized an updated agreement with Traxys North America for up to 20,000 tonnes of graphite concentrate annually. The arrangement includes a firm take-or-pay volume of 10,000 tonnes, pending Traxys board approval. This agreement targets the refractory market and enhances NMG’s diversified sales portfolio.
NMG is negotiating with an established anode manufacturer to secure an additional 30,000 tonnes per year. The talks include a potential equity investment and a take-or-pay portion expected at 15,000 tonnes. These volumes could support future supply needs for General Motors’ electric vehicle batteries.
These developments position NMG to achieve full allocation of its future graphite output. The company continues progressing toward financial closure and a final investment decision for its Phase-2 projects. With comprehensive agreements in place, NMG advances its strategy to supply critical minerals to global clean energy markets.
Get 3 Free Stock Ebooks
Discover top-performing stocks in AI, Crypto, and Technology with expert analysis.
- Top 10 AI Stocks - Leading AI companies
- Top 10 Crypto Stocks - Blockchain leaders
- Top 10 Tech Stocks - Tech giants
