Nouveau Monde Graphite Secures US$213M Equity Investment, US$84M Public Offering, Fully Funding Phase-2 Matawinie Mine
Nouveau Monde Graphite Inc. (NMG) announced a significant financing package, including a US$213 million aggregate equity investment from Canada Growth Fund, the Government of Québec, and Eni S.p.A., alongside a concurrent US$84 million bought deal public offering. This equity financing, combined with a previously committed US$335 million in project debt facilities, is expected to fully fund the Phase-2 Matawinie Mine project, enabling NMG to advance towards a Final Investment Decision (FID) and construction. The strategic funding also supports the company's integrated mine-to-anode-material value chain, with the 13-ktpa Bécancour Battery Material Plant targeted for FID in H2-2026. Eni's investment is further complemented by a letter of intent for a potential 15,000-tpa graphite concentrate offtake, underscoring strong commercial interest.