Nouveau Monde Stock Price, News & Analysis

Nouveau Monde Graphite (NYSE: NMG, TSX: NOU) priced a public offering of 8,333,334 common shares at US$2.40 per share for gross proceeds of US$20 million on Dec 18, 2025. Maxim Group is sole placement agent.

Proceeds are earmarked for long-lead equipment and construction for the Matawinie Mine project, detailed engineering and indirect costs, delivering an AACE class 3 estimate for the 13ktpy Bécancour Battery Material Plant project, and general working capital and corporate expenditures.

The offering is to U.S. investors under Form F-10 (MJDS); no shares will be offered in Canada. Closing is expected on or about Dec 19, 2025, subject to customary conditions and approvals from relevant regulators, TSX and NYSE.

Nouveau Monde Graphite (NYSE: NMG) announced its intention to commence an overnight marketed public offering of common shares on December 18, 2025. Maxim Group LLC is sole placement agent and final terms (number and price of shares) will be set during marketing and in a definitive placement agency agreement.

The company said net proceeds are intended to fund long‑lead equipment and construction activities for the Matawinie Mine project, detailed engineering and indirect costs, engineering to deliver an AACE class 3 estimate for the 13ktpy Bécancour Battery Material Plant project, and general working capital and corporate expenditures. No shares will be sold in Canada; the offering will be made in the U.S. under a Form F‑10 supplement via MJDS. Closing is subject to customary conditions and stock exchange and regulatory approvals; timing, size and completion are not assured.

NMG (NMG) reported R&D advances showing its Matawinie graphite–polymer composites meet industry standards for fuel‑cell bipolar plates and electromagnetic interference (EMI) shielding.

Key technical results: crystallinity ~80%, thermal stability >400°C, tensile strength ~40 MPa, electrical conductivity up to 25 S/cm (12 S/cm through‑plane), and ASTM D4935 shielding of 60–70 dB below 2 GHz and 55–65 dB across 1–6 GHz. Tests were run with academic partners and ISO‑9001 facilities for independent verification.

NMG says it will target telecom, automotive, defense, and clean‑energy markets and intends to leverage future Phase‑2 Matawinie Mine flake production while pursuing R&D toward defense‑grade performance (≥80 dB).

NMG (NYSE: NMG) announced that the Phase-2 Matawinie Mine was referred to the Government of Canada’s Major Projects Office and recognized as a Major Project of National Interest on November 14, 2025. The project targets an open-pit mine and concentrator with 106,000 tpa of natural graphite concentrate, supported by commercial agreements that could cover 100% of flake production.

The designation aims to accelerate permitting, coordinate federal support for financing, and advance the company’s integrated graphite supply chain, while expected to create 150 full-time jobs, hire up to 450 workers at peak construction, and drive an estimated $1.8B GDP impact.

Nouveau Monde Graphite (NYSE:GM) provided a quarterly update on advancement of its Phase-2 Matawinie Mine and Phase-2 Bécancour Battery Material Plant, reporting binding term sheets and offtake frameworks totalling up to 30,000 tpa reserved for Canada and allied countries (including a 15,000 tpa take-or-pay by the Government of Canada) and commercial arrangements with Panasonic for 13,000 tpa of active anode material production.

Key project metrics: CAPEX US$421M, nominal annual concentrate 105,882 t, annual OPEX US$44M, after-tax NPV (8%) US$238M, after-tax IRR 15.8%, period-end cash $61.7M.

NMG (NYSE: NMG) announced binding term sheets and updated offtake agreements covering most of Phase-2 Matawinie Mine output and 13,000 tpa of active anode material from the Phase-2 Bécancour plant.

Key commitments include an aggregate 30,000 tpa framework with the Government of Canada (including a 15,000 tpa take-or-pay), a revised 13,000 tpa Panasonic Energy binding offtake (requiring ~25,000 tpa concentrate), an updated Traxys agreement for up to 20,000 tpa (including 10,000 tpa take-or-pay, subject to board approval), and negotiations for up to 30,000 tpa with an anode Manufacturer (~15,000 tpa take-or-pay). Project financing due diligence is nearing completion ahead of long-form term sheets and FID planning.

NMG (NYSE: NMG) and Traxys finalized a binding amended and restated joint marketing and offtake agreement for 20,000 tonnes per annum of natural flake graphite concentrate from NMG’s Phase-2 Matawinie Mine, subject to Traxys board approval. The deal includes a 10,000 tpa firm take-or-pay volume, an initial seven-year term after full-scale production, and pricing linked to market indices for the firm volume.

The collaboration targets the North American and European refractory markets (a US$45 billion market, CAGR 9.1% to 2033) and is part of multiple commercial agreements that could allocate close to 100% of Phase-2 production; NMG continues advancing financing toward a final investment decision.

NMG (NYSE: NMG) and Panasonic Energy revised a multiyear binding offtake to support NMG’s Phase-2 ore-to-battery-materials value chain.

Key terms include an initial 13,000 tpa active anode material offtake for a seven-year term from Phase-2 start, and approximately 25,000 tpa of graphite concentrate reserved to execute that volume. Pricing is set by an agreed formula linked to prevailing market prices and structured to satisfy project financing ratios. The agreement is subject to standard conditions precedent, including commercial operation start and final product qualification. Panasonic Energy reiterated support and may consider equity at the Phase-2 Bécancour Plant FID. NMG says Phase-2 Matawinie production is now largely allocated across customers as it advances toward FID.

NMG (NYSE: NMG) finalized binding term sheets and updated offtake agreements tied to its Phase-2 Matawinie Mine and Phase-2 Bécancour Battery Material Plant to support project financing and a potential FID.

Key commercial items include a 7-year, 30,000 tpa graphite concentrate commitment with the Government of Canada (15,000 tpa take-or-pay at fixed NA price), a revised 13,000 tpa active anode material offtake with Panasonic (requiring ~25,000 tpa concentrate), a 20,000 tpa Traxys agreement (10,000 tpa take-or-pay, board approval pending), and negotiations with a Manufacturer for up to 30,000 tpa (≈15,000 tpa take-or-pay). Due diligence for project financing is nearing completion and engineering is >80% complete.