Nouveau Monde Graphite Inc. (NYSE: NMG)

Nouveau Monde Graphite Inc. is a Québec based integrated company developing responsible mining and advanced processing operations to supply the global economy with carbon neutral advanced graphite materials.

The company is advancing a fully integrated ore to processed graphite value chain in Québec, Canada, that includes the Matawinie Mine project and the Bécancour Battery Material Plant, with all of its assets located in Québec and a workforce of 124 employees as of the date of its Annual Information Form.

Nouveau Monde Graphite Inc. currently generates revenue solely from interest income on funds on deposit and other interest, as it has no mine in commercial operation; it intends to earn future revenue from the sale of graphite concentrate, active anode materials, and refined graphite materials produced through its planned value chain.

Future sales are supported by offtake agreements: Panasonic Energy has agreed to purchase up to 13 ktpy of active anode material and has reserved approximately 25 ktpy of graphite concentrate from the Phase 2 Matawinie Mine production; Traxys has secured up to 20 ktpy of graphite concentrate offtake with an initial seven year term and sales pricing based on market indices; the Government of Canada has signed a binding term sheet for a seven year offtake of 30 ktpy of graphite concentrate, including 15 ktpy on a take or pay basis at a fixed North American market price for a basket of products ranging from fine to large and jumbo flakes at a minimum 94% Cg purity level.

Nouveau Monde Graphite Inc. positions itself as an emerging supplier of advanced graphite products by integrating mining, processing, and product customization to serve the energy, advanced technology, and manufacturing sectors, leveraging its carbon neutral footprint, ESG standards, and strategic offtake agreements with major customers to differentiate from other graphite producers that rely on more fragmented supply chains.

The company benefits from strong market tailwinds: global investment in the energy transition reached $2.3 trillion in 2025, electric vehicle sales reached a record number in 2025 with forecasts for another 24.3 million passenger EVs in 2026, and grid scale energy storage systems added over 246 GWh of new capacity worldwide during the year, representing a 46% year over year increase.

These trends underpin growing demand for graphite in lithium ion batteries, refractory applications, and specialty technologies such as foils in electronics, thermal and fire protection materials, electromagnetic shielding, hydrogen fuel cells, and specialty composites, allowing Nouveau Monde Graphite Inc. to target high growth end markets while emphasizing sustainability and supply chain traceability.

The company’s customer base includes Panasonic Energy, Traxys, and the Government of Canada, which have entered into offtake agreements for graphite concentrate and active anode material as described above.

In addition, Nouveau Monde Graphite Inc. is actively engaged with other tier 1 potential customers interested in its Phase 2 production for natural flake graphite, active anode material, and specialized graphite materials for niche applications, thereby broadening its prospective revenue base beyond the current offtake partners.