Business
NMG and Traxys Finalize Offtake and Marketing Agreement for Natural Flake Graphite for Refractory Markets in North America and Europe
Updated joint marketing and offtake agreement with Traxys to cover the North American and Europea...
About this update from Nouveau Monde Graphite Inc
[{"type":"text","content":"NMG and Traxys Finalize Offtake and Marketing Agreement for Natural Flake Graphite for Refractory Markets in North America and Europe\n\n\n .bwalignc { text-align: center; list-style-position: inside }\n.bwlistdisc { list-style-type: disc }\n \n\n\n\n\n Updated joint marketing and offtake agreement with Traxys to cover the North American and European refractory markets with an exclusive list of end-users.\n \n\n Offtake for 20,000-tpa of graphite concentrate, including a 10,000 tpa firm take-or-pay volume, to be produced at NMG’s Phase-2 Matawinie Mine.\n \n\n NMG to benefit from Traxys’ market intelligence, customer relationships, and logistics infrastructure to deliver its flake graphite production into existing western supply chains.\n \n\n Concomitant announcement with signature of multiple commercial agreements covering potentially 100% of NMG’s future Phase-2 Matawinie Mine production.\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 ) and Traxys North America LLC (“Traxys”), an international metals and minerals trading house, have updated and strengthened their existing relationship by finalizing a binding amended and restated joint marketing and offtake agreement (the “2025 Traxys Binding Offtake and Marketing Agreement”) for 20,000 tonnes per annum (“tpa”) of graphite concentrate from the Company’s Phase-2 Matawinie Mine, the execution of which is subject only to the approval of the Traxys board. The collaboration targets the refractory market, a US$45-billion global market with a projected compound annual growth rate of 9.1% to 2033 (Grand View Research, 2025), to serve steelmaking industries with refractory applications such as bricks, electric arc furnaces, crucibles, and carbon raisers.\n \n\n Dennis Gates, Traxys’ Head of Industrial Metals, announced:\n \n “Traxys has supported NMG’s vision for many years. We are excited to see the positive results of the team's long-term vision and look forward to working with NMG for many years in the future.”\n \n\n\n Eric Desaulniers, Founder, President, and CEO of NMG, stated:\n \n “Across the Western World, the transformation of the steel and manufacturing sectors is creating strong, su...