Nouveau Monde Stock Price, News & Analysis

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.

Nouveau Monde Graphite (NYSE: NMG) announced the payment of accrued interests for Q3 2025 through the issuance of shares to Investissement Québec. The company will issue 106,161 common shares at US$2.79 per share, totaling US$296,189 in accrued interests under an unsecured convertible note.

The share issuance is subject to approval from both the Toronto Stock Exchange and New York Stock Exchange, with the shares carrying a 4-month and one-day hold period. The transaction qualifies as a related party transaction under Regulation 61-101 as Investissement Québec holds over 10% of NMG's securities, but is exempt from minority holder approval requirements.

Nouveau Monde Graphite (NYSE: NMG) provided updates on its Phase-2 projects advancement and market conditions. The company is progressing toward final investment decisions (FID) for both its Phase-2 Matawinie Mine and Bécancour Battery Material Plant projects.

Key financial highlights include a period-end cash position of $73.5 million and letters of interest for debt financing exceeding US$1 billion. The company is working with specialized Asian firms for engineering support and pursuing bankable offtake agreements with potential customers.

Market conditions show strong global EV momentum with 28% year-to-date growth and preliminary U.S. tariffs of up to 160% on Chinese graphite-based materials, improving North American producers' competitiveness. Energy storage deployment increased by over 50% in H1 2025, driven by AI/data center power demand growth.

Nouveau Monde Graphite (NYSE: NMG, TSX: NOU) announced the payment of accrued interests for Q2 2025 through the issuance of common shares to Investissement Québec. The payment is related to an unsecured convertible note from a private placement announced on November 8, 2022.

The Company will issue 178,531 common shares at US$1.64 per share, totaling US$292,791 in accrued interests. The shares will be delivered to Investissement Québec upon the note's maturity, conversion, or redemption. The issuance is subject to approval from both the Toronto Stock Exchange and New York Stock Exchange, with shares carrying a four-month and one-day hold period.

As Investissement Québec holds over 10% of the Company's securities, this transaction qualifies as a "related party transaction" but is exempt from minority holder approval requirements as the value does not exceed 25% of NMG's market capitalization.