Business
NMG and Government of Canada Execute Updated Binding Offtake and Marketing Framework for Matawinie Graphite
Updated binding long-form term sheet with the Government of Canada setting out principal commerci...
About this update from Nouveau Monde Graphite Inc
[{"type":"text","content":"NMG and Government of Canada Execute Updated Binding Offtake and Marketing Framework for Matawinie Graphite\n\n\n .bwalignc { text-align: center; list-style-position: inside }\n.bwlistdisc { list-style-type: disc }\n \n\n\n\n\n Updated binding long-form term sheet with the Government of Canada setting out principal commercial terms for the supply, storage, and resale of graphite concentrate from NMG’s Phase‑2 Matawinie Mine.\n \n\n Framework covers 30,000 tpa purchase commitment over a seven-year term, subject to customary conditions precedent including governmental appropriations and NMG’s positive FID.\n \n\n Pricing based on a North American fixed price with an annual inflation adjustment.\n \n\n Marketing structure allows NMG to resell Canada’s committed volumes, with an upside-sharing mechanism on proceeds above the fixed price, and the ability for Canada to store product.\n \n\n NMG’s Phase-2 Matawinie Mine actively progressing toward FID on the back of a commitment letter for a senior secured project debt facilities of US$335 million with EDC and CIB.\n \n\n\n\n\n Nouveau Monde Graphite Inc. (“NMG” or the “Company”) (\n \n NYSE: NMG\n \n ,\n \n TSX: NOU\n \n ) has executed an updated binding long-form term sheet with the Government of Canada, represented by Public Services and Procurement Canada (“PSPC”), setting out the principal commercial terms for the supply, storage and resale of graphite concentrate from the Company’s Phase‑2 Matawinie Mine in Québec, Canada.\n \n\n Eric Desaulniers, Founder, President, and CEO of NMG, stated:\n \n “This updated framework with the Government of Canada is another key step in reinforcing the bankability of our Phase‑2 Matawinie Mine and our positioning among the G7 and allied countries as a local, dependable, and responsible graphite source. The contemplated supply, storage and marketing structure is designed to support Canada’s strategic ambitions while preserving commercial agility for NMG as we advance toward definitive agreements and a final investment decision (“FID”).”\n \n\n\n The updated binding long-form term sheet advances work toward definitive transaction agreements, with Canada committing to purchase 30,000 tonnes per annum (“tpa...