Matawinie Mine
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NMG Updates Progress on Phase-2 North American Graphite Production
Nouveau Monde Graphite (NMG) is progressing towards a final investment decision for its natural graphite production, targeting North American, European, and allied markets. The company has updated its Feasibility Study and focused on commercial partnerships, securing multi-year offtake agreements. Financing for the Matawinie Mine is advancing, with due diligence nearing completion. NMG is also developing its Bécancour Battery Material Plant and optimizing engineering. The company reported a period-end cash position of $61.7 million. Market perspectives highlight growing EV and energy storage demand.
