Business
Nouveau Monde Graphite Provides Quarterly Update and Files 2025 ESG Report Amid Construction Start at the Matawinie Mine
Financing structure secured for the Phase-2 Matawinie Mine including committed US$335 million debt package with EDC and CIB; US$213 million private placement wi
About this update from Nouveau Monde Graphite Inc
[{"type":"text","content":" Financing structure secured for the Phase-2 Matawinie Mine including committed US$335 million debt package with EDC and CIB; US$213 million private placement with CGF, the Government of Québec via its agent IQ, and Eni; and an oversubscribed bought deal public offering of subscription receipts for gross proceeds of approximately US$96.5 million, which are respectively subject to certain conditions precedents and closing conditions. Phase-2 Matawinie Mine FID to be declared upon closing of the private placements with CGF, IQ and Eni following the shareholders’ approval and the release of the net proceeds from the bought deal public offering. Construction activities initiated at the Matawinie site with integrated project team and contractors mobilized onsite for the start of civil works; key contracts secured covering more than 50% of projected CAPEX within financial estimates. Signature of an LOI with Eni S.p.A. toward commercial discussions for a potential 15,000-tpa graphite concentrate offtake from the Phase-2 Matawinie Mine or equivalent volume of active anode material. Technical development and sustained advancement of a Class 3 AACE Estimate for the 13-ktpa Bécancour Battery Material Plant. Financing modeling and active engagement with targeted financial partners for the 13-ktpa Bécancour Battery Material Plant with a view to reach FID in H2-2026. Active procurement activities to support the construction schedule of the Phase-2 Matawinie Mine and secure key contracts for the 13-ktpa Bécancour Battery Material Plant. Issuance of the 2025 ESG Report with continued leadership in environmental stewardship, stakeholder engagement, human capital, governance, and responsible practices. Operational discipline, with no major environmental incidents, 12-month rolling TRIFR of 2.98 at the Company’s facilities and 0 at the Matawinie construction site. Market conditions strengthening structural demand, with EV adoption driven by energy price shocks, growth in energy storage deployment, and accelerating Western policy coordination reinforcing trade corridors for critical minerals. Period-end cash position of $57.3 million. MONTRÉAL / May 13, 2026 / Business Wire / On the heels of key project financing milestones, Nouveau Monde Graphite Inc. (“NMG” or the “Company”) (NYSE: NMG, TSX: NOU) reports progress on the advancement of its develop...