Mason cheers NMG's new graphite offtake agreements

Executive Summary

• Mason Resources Inc. highlights a series of transformative commercial and governmental agreements announced by its significant portfolio company, Nouveau Monde Graphite Inc. (NMG), on October 31, 2025.
• NMG finalized an updated joint marketing and offtake agreement with Traxys for 20,000 tonnes per annum of graphite concentrate for refractory markets, including a firm take-or-pay commitment of 10,000 tonnes per year.
• NMG executed binding supply and marketing term sheets with the Government of Canada for 30,000 tonnes per annum of graphite concentrate for strategic applications over a seven-year term, while also updating its agreement with Panasonic Energy to accelerate active anode material production.

Key Details

• Traxys Agreement:
  • Updated joint marketing and offtake agreement covering North American and European refractory markets.
  • Volume: 20,000 tonnes per annum of graphite concentrate.
  • Commitment: Firm take-or-pay commitment of 10,000 tonnes per year.
  • Source: NMG's phase 2 Matawinie mine.
  • Status: Pending Traxys board approval.
• Government of Canada Agreement:
  • Binding supply and marketing term sheets executed.
  • Volume: Aggregate of 30,000 tonnes per annum of graphite concentrate.
  • Purpose: Strategic applications for Canada and allied entities.
  • Term: Seven-year offtake term.
• Panasonic Energy Update:
  • Revised binding offtake agreement to accelerate construction and commissioning of phase 2 integrated value chain.
  • Target Production: 13,000 tonnes per annum of active anode material.
• Additional Commercial Activity:
  • Negotiations advancing with a leading anode manufacturer for potential supply of up to 30,000 tonnes per annum of graphite concentrate from phase 2 Matawinie mine.
  • Intended to support GM's active anode material requirements and other customers.
• Project Financing:
  • Matawinie mine project financing process is progressing.
  • Due diligence nearing completion.
  • Long-form term sheet discussions underway ahead of lenders' credit committee reviews.
• Overall Coverage:
  • The collective commercial agreements have the potential to secure 100% of NMG's anticipated future phase 2 Matawinie mine output.

Notable Quotes

• "Mason Resources believes these achievements significantly enhance the value of its investment and reflect the growing importance of Canada's graphite assets within global energy and defence supply chains." — Mason Resources Inc.