Investor ConfidenceThis funding inspires strong institutional-grade investor confidence in the company and should allow management to partner with additional major global powerhouses.
Operations ExpansionThe proceeds are expected to meaningfully advance the firm's Phase 2 operations at its Matawinie Mine and the Bécancour Battery material plant.
PartnershipsGM and Panasonic have multiyear offtake agreements for NMG's active anode material, covering about 85% of the company’s planned Phase 2 fully integrated production, from ore to battery materials.