Nouveau Monde Graphite Inc. (NYSE: NMG) filed its 2025 financial reports and announced progress toward a final investment decision for its Phase-2 Matawinie Mine project, according to a company statement.

The Montreal-based graphite company secured a $335 million senior secured project debt commitment from Export Development Canada and Canada Infrastructure Bank to support construction and development of the Matawinie Mine. The financing is subject to completion of definitive documentation and customary closing conditions.

The company awarded major construction contracts representing over 50% of the project's capital expenditures, with Pomerleau appointed as Construction Manager. Other contracts went to ABB for electrical infrastructure, Metso for processing equipment, and Manawan-Fournier for civil works.

Commercial arrangements cover approximately 75% of future production through agreements with Panasonic Energy, the Government of Canada, and Traxys Group. The company targets a final investment decision in the first half of 2026.

For its battery materials processing facility, Nouveau Monde acquired a 143,000-square-meter brownfield site in Bécancour, Quebec, including a 22,000-square-meter building. The company plans to retrofit the facility for active anode material production dedicated to Panasonic Energy.

The company completed a $20 million public equity offering and ended 2025 with approximately CA$74 million in cash. It reported a total recordable injury frequency rate of 3.92 at company facilities and maintained carbon-neutral status through reduction initiatives and verified offsets.

The Matawinie Mine received referral to Canada's Major Projects Office, reflecting its role in critical minerals development. Natural graphite is designated as a critical mineral by Canada, the United States, European Union, Australia, United Kingdom and NATO.