Nouveau Monde finalizes multiple offtake agreements

Nouveau Monde (NMG) Graphite announces commercial agreements with the Government of Canada; Panasonic Energy Co., a wholly owned subsidiary of Panasonic Holdings; and Traxys North America; as well as ongoing negotiations with an established anode 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 to launch the construction of its commercial production for serving strategic growth industries in the Western World, including energy, defense, technology, and manufacturing,” the company said. Eric Desaulniers, Founder, President, and CEO of NMG, stated: “In today’s dynamic environment, we have demonstrated our agility and market relevance by diversifying our commercial base and streamlining the path to securing bankable, multiyear agreements. Commercial agreements crystalized around the future graphite production volumes of the Phase-2 Matawinie Mine now provide our targeted financial partners with visibility on the project’s bankability and risk profile, helping move forward with confidence toward a final investment decision and the launch of commercial operations. Our development plan is ever stronger and timed to lessen risks and capitalize on firm orders. NMG stands as a strategic player for supporting energy autonomy, national security, and manufacturing efforts of governments and industries across the Western World.”