Nouveau Monde Graphite (NMG) Q2 2026 earnings summary

Executive summary

• Transitioned from development to execution with the Financial Investment Decision (FID) and construction launch of the Matawinie Mine Phase 2, supported by significant equity and debt financing.

• Established a strategic supply and marketing framework with the Government of Canada, including long-term take-or-pay agreements for 30ktpy of flake graphite.

• Advanced commercial discussions for additional offtake agreements, notably with Eni S.p.A. for up to 15ktpy graphite concentrate.

Financial highlights

• Completed a private placement and subscription receipts for aggregate gross proceeds of C$427 million (US$310M) in Q2 2026.

• Period-end cash position of C$461 million as of June 30, 2026.

• Incurred C$33 million in project expenditures and committed C$167 million for Matawinie Mine construction by quarter-end.

Outlook and guidance

• Focused on advancing civil works at Matawinie, securing FID for the 13ktpy Bécancour Battery Material Plant in H2 2026, and expanding business development.

• Plans to pursue additional battery material plants and diversify product offerings to meet growing customer demand.