NMG Shareholder Approval Signals Major Growth Phase. Nouveau Monde Graphite shareholders approved a US$213 million private placement from Canada Growth Fund, the Government of Québec, and ENI International. The company simultaneously signed a binding offtake agreement with the Government of Canada, securing demand for flake graphite across lithium-ion battery, refractory, and specialty markets. Combined with existing offtakes from Traxys and Panasonic Energy, NMG has diversified its sales pipeline significantly. The approvals advance development of the Phase-2 Matawinie Mine and the Bécancour Battery Material Plant. These strategic partnerships position NMG to support Canada's critical mineral supply chain for G7 allies while establishing new growth opportunities.
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