Nouveau Monde Graphite Inc. (“NMG” or “the Company”) is advancing one of the most strategically positioned critical minerals projects in North America, the Phase-2 development of the Matawinie Mine and the Phase-2 Bécancour Battery Material Plant in Québec, Canada. This integrated development initiative spans responsible sourcing, processing, and commercialization of natural graphite products intended to meet growing demand for battery materials across North American, European, and allied industrial markets. The Phase-2 strategy reflects NMG’s broader mission to establish a traceable and carbon-neutral supply chain for graphite, a cornerstone material for lithium-ion batteries, energy storage systems, and advanced manufacturing applications.
The Company’s Q3 2025 update outlines substantial progress in engineering, commercial agreements, financing engagement, and preparation for a final investment decision (FID). Graphite, particularly high-purity flake graphite, is essential to the global energy transition as a core input for electric vehicle batteries, grid-scale energy storage, and emerging clean technologies. NMG’s Phase-2 project is designed to support domestic and allied supply chains while reducing reliance on existing global supply chokepoints.
Primary Location: Matawinie Mine, Saint-Michel-des-Saints, Québec, Canada
Processing Facility: Bécancour Battery Material Plant, Bécancour, Québec, Canada
Province: Québec
Federal Jurisdiction: Canada
Traditional Territories: The Matawinie Mine and Bécancour facilities are located within traditional Indigenous territories in Québec. NMG engages Indigenous communities through consultation and collaboration aligned with contemporary Canadian standards for Indigenous engagement and participation.
NMG is advancing its integrated value chain with a stated commitment to Indigenous inclusion and partnership. While Phase-2 specific agreements continue to evolve, the Company has historically engaged Indigenous communities, including the Innu First Nation of Pessamit through development visioning processes associated with its broader exploration portfolio. These engagements are intended to support shared economic benefits, cultural respect, and long-term community participation through employment, procurement, and training opportunities.
Operator: Nouveau Monde Graphite Inc. (NYSE: NMG; TSX: NOU)
Commodity Focus: Natural flake graphite, graphite concentrate, active anode materials
Strategic Alignment: Québec critical minerals strategy, battery materials value chain development, and North American critical minerals security objectives
Project Scope:
Project Status (Q3 2025):
Phase-2 Matawinie Mine
The Phase-2 expansion of the Matawinie Mine is designed to significantly increase production capacity of high-purity flake graphite. Output is expected to serve both traditional industrial markets and battery supply chains. Updated feasibility work aims to align mine capacity with binding offtake commitments and government strategic supply agreements.
Phase-2 Bécancour Battery Material Plant
The Bécancour Battery Material Plant will process graphite concentrate into battery-grade active anode materials. Engineering optimization, technology integration, and supplier engagement are advancing in preparation for construction following FID.
Commercial and Offtake Framework
Key commercial milestones disclosed in the Q3 2025 update include:
These agreements provide diversified market exposure and strengthen financing readiness by anchoring future cash flows to high-quality counterparties.
Indigenous Consultation and Inclusion
NMG’s engagement approach includes structured consultation with Indigenous communities on project design, environmental management, and economic participation. As Phase-2 advances, the Company intends to expand this framework toward formal agreements supporting employment, procurement, training, and long-term collaboration.
Community and Supplier Integration
The project also emphasizes engagement with regional stakeholders, suppliers, and workforce participants. Competitive procurement processes and transparent communications are intended to maximize regional economic benefits while supporting Québec’s broader industrial development objectives.
Sustainability is a core element of NMG’s operating model. The Q3 2025 update reports a twelve-month rolling Total Recordable Injury Frequency Rate (TRIFR) of 3.77 and no major environmental incidents, reflecting ongoing attention to health, safety, and environmental performance.
NMG’s integrated value chain supports traceability from mine to battery materials, positioning Québec and Canada as trusted suppliers within global critical minerals markets.
Provincial Framework
Québec has positioned itself as a leader in battery materials and critical minerals through targeted incentives, infrastructure development, and coordinated permitting processes. These frameworks directly support NMG’s integrated graphite and battery materials strategy.
Federal Alignment
The Government of Canada’s Critical Minerals Strategy emphasizes domestic production, allied supply chains, and reduced dependence on non-allied sources. NMG’s commercial arrangements with federal entities underscore alignment with national strategic priorities.
Strategic Advantages
Risk Factors
During Q3 2025, NMG advanced multiple workstreams toward FID, including expanded offtake coverage, supplier engagement, engineering progress, and environmental infrastructure completion at the Matawinie demonstration site. Additional ore extraction campaigns are underway to support qualification programs and customer product testing.
Operator: Nouveau Monde Graphite Inc.
Corporate Website: www.nmg.com
Investor Relations: Available via corporate website