Nouveau Monde Graphite has executed a senior secured debt commitment letter for US$335 million from Export Development Canada and Canada Infrastructure Bank, establishing a long-tenor, flexible project-finance structure with competitive rates. This financing marks the first step in the funding schedule, underpinning a clear path to the mine’s final investment decision.

Detailed engineering for Phase-2 of the Matawinie mine is approximately 80% complete, with site preparatory work finalized. Key environmental and operational permits are in hand, and foundational agreements have been secured with the Atikamekw First Nation of Manawan and local community, rendering the project shovel-ready.

Long-term offtake contracts cover 75% of future production, allocated to the Government of Canada, Panasonic Energy and Traxys, providing robust revenue visibility. Designated a project of national interest, Matawinie is poised to strengthen Canada’s critical minerals value chain and supply G7 nations with domestically sourced graphite.