UNECE to introduce methodology to measure particle emissions from tires
Porsche presents two new e-hybrid variants of the Panamera

NMG secures multiyear offtakes and US$87.5M investment to support Phase 2 ore-to-battery-material graphite operations

On the back of offtake agreements with Panasonic Energy and General Motors Holdings (earlier post), Nouveau Monde Graphite (NMG) has closed Mitsui & Co. and Pallinghurst Bond Limited for an aggregate combined investment of US$87.5 million to advance NMG’s development toward commercial operations.


Map of NMG’s integrated extraction and advanced manufacturing routes to supply Panasonic Energy and GM.

NMG owns a 100% interest in the Matawinie graphite property located in Saint-Michel-des-Saints, 150 km north of Montréal, Québec.


Projected to become the first fully integrated natural graphite active anode material producer of its kind in North America, NMG is set to provide a carbon-neutral, reliable, sizeable, and ESG-driven source of Canadian natural graphite for the local electric vehicle and lithium-ion battery market.

The multiyear offtake agreements cover the supply of a committed combined annual volume of 36,000 tonnes of active anode material by NMG to the anchor customers, representing approximately 85% of NMG’s Phase-2 production.

In parallel, the company is in discussions and continued product qualification with other tier-1 battery manufacturers for the balance of its Phase-2 production.

Current market dynamics in North America, reflecting recent Chinese graphite exportation limitations and stringent US sourcing requirements for battery materials, favorably position NMG’s local production. The company’s recent acquisition of the Uatnan Mining Project for its Phase-3 expansion also provide an attractive supply opportunity for Western EV and battery manufacturers looking to secure and grow active anode material volumes as their production increases, NMG said.


The comments to this entry are closed.