NMG is developing a fully integrated ore‑to‑battery‑material operation to produce natural graphite active anode material in Québec, Canada. Its Phase‑2 plan centers on the Matawinie Mine and the Bécancour Battery Material Plant to supply North American EV and battery manufacturers. NMG has secured multiyear offtake agreements with Panasonic Energy and General Motors covering a committed combined annual volume of 36,000 tonnes, representing approximately 85% of planned Phase‑2 production. The company positions its product as carbon‑neutral and ESG‑driven, with pricing formulas linked to prevailing market prices to support bankability. NMG has acquired the Uatnan Mining Project to support a Phase‑3 expansion and continues product qualification with other tier‑1 battery manufacturers. Recent financings and strategic partnerships are intended to underpin advancement toward a final investment decision and project financing.

Total raised

$88M

Funding rounds

1

Latest round

Equity

Latest activity

Feb 2024