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NMG Gains Major Investment and Offtake Agreements to Boost Graphite Operations

The agreements with Panasonic Energy, GM, Mitsui, and Pallinghurst underscore NMG's pivotal role in North America's EV and battery material supply chain.

Overview

  • Nouveau Monde Graphite Inc. (NMG) secures a total investment of US$87.5 million from anchor customers and strategic investors for its Phase 2 operations.
  • The investment includes multiyear offtake agreements with Panasonic Energy and GM, covering approximately 85% of NMG's planned Phase-2 production.
  • Mitsui and Pallinghurst, strategic partners, contribute an additional US$37.5 million towards NMG's development.
  • The investments and agreements mark a significant step towards NMG's goal of becoming North America's first fully integrated natural graphite active anode material producer.
  • NMG's development is aimed at supporting the electric vehicle and lithium-ion battery market with a carbon-neutral, reliable, and ESG-driven source of Canadian natural graphite.