Nouveau Monde Graphite swings to third-quarter net income of CAD 7.76 million
NMG•Nouveau Monde Graphite reported third-quarter 2026 net income of CAD 7.76 million, compared with a year-earlier loss of CAD 76.71 million. Nine-month operating cash outflows rose 8% to CAD 34.21 million, while net property, plant and equipment spending more than tripled to CAD 40.67 million.
1. Quarterly results
Nouveau Monde Graphite swung to third-quarter 2026 net income of CAD 7.76 million from a loss of CAD 76.71 million a year earlier. For the nine months ended September 30, operating cash outflows rose 8% year over year to CAD 34.21 million, and cash spending on property, plant and equipment, net of grants, more than tripled to CAD 40.67 million.
2. Mine financing
A CAD 426.9 million equity financing package enabled a final investment decision for the Phase-2 Matawinie Mine in May 2026.
