NMG Provides Update on Advancement of its Phase-2 Projects and Market Conditions
Active work to align engineering, construction, and procurement preparation with project financing activities to reach FID and launch construction of the Phase-2 Matawinie Mine. Focus on advancing engineering of the Phase-2 Bécancour Battery Material Plant with the support of specialized Asian firms and partnering facilities for large-scale testing, in view of reaching FID. Continued engagement with customers, potential lenders, and targeted institutional equity investors to advance project financing requirements and reach FID on the Phase-2 Matawinie Mine and the Phase-2 Bécancour Battery Material Plant, subject to their respective technical, commercial and financing parameters. Preliminary results of the U.S. Department of Commerce’s investigation of Chinese active anode material bring combined duties on graphite-based materials of up to 160%, thus improving the competitiveness of North American producers. EV adoption remains strong globally (+28%), while energy storage emerges as the next major growth driver, pushed by rising AI/data center power demand. Twelve-month rolling TRIFR rate of 2.82 at the Company’s facilities (severity rate at 2.82) and 0 for contractors onsite; and no major environmental incidents. Period-end cash position of $73.5 million. MONTRÉAL — Nouveau Monde Graphite Inc. (“NMG” or the “Company”) ( NYSE: NMG , TSX: NOU ) is reporting continued progress in advancing its Phase-2 Matawinie Mine and Phase-2 Bécancour Battery Material Plant toward reaching a final investment decision (“FID”) thanks to technical project development, active financing activities, and commercial engagement with customers. Current trade and geopolitical dynamics create a changing environment for NMG’s development, with both opportunities and challenges; hence, the Company is exploring various financing and commercial scenarios to lessen risk exposure and facilitate its market entry.
