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Nouveau Monde raises $297M equity to fund Phase-2 Matawinie Mine, advancing toward final investment decision.

Company Fundamentals
09 Apr 2026
GlobeNewsWire
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Bullish
pluang ai news

Nouveau Monde Graphite secured a $297 million equity financing package, including a $213 million private placement and an $84 million public offering, to fully fund the Phase-2 development of its Matawinie Mine in Québec. Key investors include Canada Growth Fund, the Government of Québec, and Eni S.p.A., supporting the company’s strategy to advance to final investment decision (FID) and construction. The financing, combined with $335 million in project debt, positions NMG to start construction and expand its integrated mine-to-anode-material value chain, including a planned battery material plant. Shareholder approvals are pending, with a meeting scheduled for May 13, 2026, and FID expected after financing closes.

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