Nouveau Monde, Panasonic Energy announce progress on collaboration

Nouveau Monde Graphite (NMG) and Panasonic Energy, a wholly owned subsidiary of Panasonic Holdings Corporation (PCRFY), are progressing through their technological engagement and commercial discussions toward a definitive offtake agreement on the foundation of their framework agreement targeting NMG’s fully integrated ore-to-anode-material production. As previously disclosed, Panasonic Energy considers purchasing NMG’s commercial production out of its Phase-2 Becancour Battery Material Plant. The contemplated commercial agreement echoes Panasonic Energy’s commitment to reduce its carbon footprint by 2031. It also reiterates NMG’s attractive and responsible business model set to supply the North American battery market with a high-quality, local, and sustainable source of active anode material.