Nouveau Monde executed long-form term sheet with Government of Canada

Nouveau Monde (NMG) Graphite has executed an updated binding long-form term sheet with the Government of Canada, represented by Public Services and Procurement Canada, PSPC, setting out the principal commercial terms for the supply, storage and resale of graphite concentrate from the Company’s Phase-2 Matawinie Mine in Quebec, Canada. Eric Desaulniers, Founder, President, and CEO of NMG, stated: “This updated framework with the Government of Canada is another key step in reinforcing the bankability of our Phase-2 Matawinie Mine and our positioning among the G7 and allied countries as a local, dependable, and responsible graphite source. The contemplated supply, storage and marketing structure is designed to support Canada’s strategic ambitions while preserving commercial agility for NMG as we advance toward definitive agreements and a final investment decision.”