NMG Files 2025 Financial Reports and Advances Phase-2 Matawinie Mine Toward Construction

Executive Summary

• Secured a senior secured project debt commitment of US$335 million from Export Development Canada and Canada Infrastructure Bank to fund Phase‑2 Matawinie Mine construction.
• Awarded major contracts covering >50% of CAPEX (ABB, Metso, Pomerleau, Manawan‑Fournier, Beauce Atlas) and advanced detailed engineering, indicating construction readiness.
• Completed a US$20 million public equity offering and holds ≈CA$74 million cash; acquisition of a brownfield site in Bécancour positions the company for first‑stage battery material plant FID in H2‑2026.

Key Details

• Debt Commitment: US$335 M senior secured project financing letter (EDC & CIB); long tenor, flexible structure, competitive rates, ESG‑aligned terms.
• Equity Financing: US$20 M public equity raise to fund long‑lead items, detailed engineering, and corporate expenses.
• CAPEX Coverage: Major contracts awarded for >50% of projected Phase‑2 CAPEX – ABB (120 kV substation), Metso (concentrator & processing equipment), Pomerleau (Construction Manager), Manawan‑Fournier (civil works), Beauce Atlas (structural steel).
• Commercial Agreements: Offtake and marketing contracts with Panasonic Energy, Traxys, and Government of Canada covering ~75% of future production.
• Brownfield Acquisition: 143,000 m² site in Bécancour (including 22,000 m² facility) to host first‑stage battery material plant dedicated to Panasonic Energy’s active anode material.
• FID Timeline: Target FID for Matawinie Mine by H1‑2026; Bécancour Plant FID targeted for H2‑2026.
• Government Support: Referral of Matawinie Mine to Canada’s Major Projects Office; multiple bilateral MoUs and strategic partnerships announced (Canada‑Japan, Canada‑India, etc.).
• ESG Performance: No major environmental incidents in 2025; TRIFR = 3.92 at facilities, 0 at worksites; carbon‑neutral status maintained via emissions reductions and VCS‑certified offsets (744 t CO₂e emitted).
• Cash Position: Approximately CA$74 M as of year‑end 2025.

Notable Quotes

“2025 was a year of discipline and determination… Team Nouveau Monde delivered tangible progress across all pillars of our development roadmap; we are reducing execution risk for our fully integrated graphite platform…” – Eric Desaulniers, Founder, President & CEO

All forward‑looking statements reflect management’s expectations as of the release date.