Nouveau Monde Signs Binding Graphite-Concentrate Supply Framework With Canada Government
By Adriano Marchese
Nouveau Monde Graphite has struck a binding commercial framework with the Canadian government for the supply and resale of graphite concentrate from its mine in Quebec.
The battery-materials and mining company said Thursday that Canada has agreed to buy 30,000 metric tons of flake graphite concentrate a year from Nouveau Monde's Phase 2 Matawinie mine for seven years under the updated binding term sheet.
Graphite concentrate, once processed, is used to produce anodes used in electric vehicles and batteries, as well as in steelmaking and industrial processes.
The fixed-price deal, to be adjusted annually for inflation, lets Nouveau Monde resell the material and split any gains above the set price with the government.
The term sheet moves the parties toward a final investment decision.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
March 26, 2026 08:34 ET (12:34 GMT)
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