"Canadian Graphite Producer Secures Major Investments and Offtake Deals with GM, Panasonic for EV Battery Material Operations"
Nouveau Monde Graphite Inc. secures multiyear offtake agreements with Panasonic Energy and General Motors for its active anode material, covering 85% of its planned Phase-2 production, and receives a total investment of US$87.5 million from anchor customers and strategic investors to advance its ore-to-battery-material graphite operations. The investments will support the development of NMG’s Matawinie Mine and Bécancour Battery Material Plant, with future funding potential of up to US$275 million from anchor customers. The company aims to become the first fully integrated natural graphite active anode material producer in North America, providing a carbon-neutral source for the electric vehicle and lithium-ion battery market.