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NMG Finalizes Multiple Offtake Agreements for its Phase-2 Graphite Production Demonstrating Strong Support from Canadian Government and Customers
Signature of binding supply and marketing term sheets with the Government of Canada providing for...
About this update from Nouveau Monde Graphite Inc
[{"type":"text","content":"NMG Finalizes Multiple Offtake Agreements for its Phase-2 Graphite Production Demonstrating Strong Support from Canadian Government and Customers\n\n\n .bwlistdisc { list-style-type: disc }\n \n\n\n\n\n Signature of binding supply and marketing term sheets with the Government of Canada providing for an aggregate 30,000 tpa of graphite concentrate to be placed with Canada and allied countries or entities for strategic applications, with a seven-year offtake term.\n \n\n Revised binding offtake agreement with Panasonic Energy to fast-track the construction and launch of production of 13,000 tpa of active anode material via NMG’s Phase-2 integrated value chain.\n \n\n Finalized updated commercial and marketing agreement with Traxys for 20,000 tpa of graphite concentrate for the refractory market, including a firm take-or-pay volume, to be executed subject to Traxys board approval.\n \n\n Ongoing negotiations with an established anode manufacturer to secure up to 30,000 tpa of graphite concentrate, which would include a firm take-or-pay volume, from the Phase-2 Matawinie Mine to potentially support GM active anode material needs and other customers.\n \n\n Matawinie Mine Project financing process progressing well with due diligence exercises nearing completion and long-form term sheet negotiations ongoing ahead of respective lenders’ credit committees.\n \n\n\n\n\n While western leaders are gathered in Canada for the G7 Energy and Environment Ministers’ Meeting,\n \n\n Nouveau Monde Graphite Inc. (collectively with its wholly owned subsidiaries, “NMG” or the “Company”) (\n \n NYSE: NMG\n \n ,\n \n TSX: NOU\n \n ) announces commercial agreements with the Government of Canada; Panasonic Energy Co., Ltd. (“Panasonic Energy”), a wholly owned subsidiary of Panasonic Holdings Corporation (“Panasonic”) (TYO: 6752); and Traxys North America LLC (“Traxys”); as well as ongoing negotiations with an established anode manufacturer (the “Manufacturer”). With these commercial agreements and arrangement potentially covering almost 100% of the future Phase-2 Matawinie Mine flake graphite volumes, NMG is set to advance project financing discussions towards a final investment decision (“FID”) to launch the construction of its commerci...