Core Viewpoint - Nouveau Monde Graphite Inc. announces the payment of accrued interests through the issuance of common shares as part of a private placement previously disclosed [1][2]. Group 1: Payment of Accrued Interests - The accrued interests owed to Investissement Québec for Q4 2025 under an unsecured convertible note will be deemed paid upon approval from the Toronto Stock Exchange and the New York Stock Exchange [2]. - A total of 131,659 common shares will be issued at a price of US$2.44 each, amounting to US$321,248, to cover the accrued interests due on December 31, 2025 [3]. - The issuance of common shares is subject to a four-month and one-day hold period after approval from the Exchanges [3]. Group 2: Related Party Transaction - The payment in common shares is made to Investissement Québec, a holder of over 10% of the company's securities, qualifying as a related party transaction under Regulation 61-101 [4]. - The company's directors have determined that exemptions from official valuation and minority holder approval can be invoked, as the fair market value of the shares does not exceed 25% of the company's market capitalization [4]. Group 3: Company Overview - Nouveau Monde Graphite is focused on developing responsible mining and advanced processing operations to supply carbon-neutral graphite materials globally [5]. - The company is establishing a fully integrated ore-to-processed-graphite value chain in Québec, Canada, targeting industries such as energy, defense, technology, and manufacturing [5]. - NMG aims to become a strategic supplier of advanced materials while promoting sustainability, innovation, and supply chain traceability [5].

Core Viewpoint - Nouveau Monde Graphite Inc. has successfully closed a public offering of 8,333,334 common shares at a price of US$2.40 per share, raising approximately US$20 million in gross proceeds [1]. Group 1: Offering Details - The public offering consisted of 8,333,334 common shares priced at US$2.40 each [1]. - The total gross proceeds from the offering amount to approximately US$20 million [1]. - Maxim Group LLC served as the sole placement agent for the offering [1]. Group 2: Use of Proceeds - The company plans to utilize the net proceeds from the offering for procurement purposes [1].

Core Viewpoint - Nouveau Monde Graphite Inc. ("NMG") plans to initiate an overnight marketed public offering of common shares to raise funds for various projects and operational costs [1][3]. Group 1: Offering Details - The number and pricing of the common shares will be determined during the marketing phase, with final terms established upon entering a definitive placement agency agreement [2]. - The offering will be conducted solely in the United States under the U.S. Securities Act, with no shares offered in Canada [4]. - A preliminary prospectus supplement will be filed, along with a final prospectus supplement, detailing the offering and the company's information [5]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated for procurement of long-lead equipment for construction activities, detailed engineering costs for the Matawinie Mine project, and funding engineering activities for the Bécancour Battery Material Plant project [3]. Group 3: Company Overview - Nouveau Monde Graphite is focused on developing responsible mining and advanced processing operations to supply carbon-neutral advanced graphite materials [8]. - The company is establishing a fully integrated ore-to-processed-graphite value chain in Québec, Canada, targeting industries in energy, defense, technology, and manufacturing [9].

Core Insights - Nouveau Monde Graphite Inc. (NYSE:NMG) is currently viewed positively by analysts, with a Buy rating and a price target of $4.70 per share from Roth MKM, and an upgrade to Outperform with a C$5 price target from National Bank [1][2]. Group 1: Commercial Agreements - The company has secured multiple commercial agreements for its Phase 2 graphite production, including a seven-year off-take agreement with the Canadian government for 30,000 tons per annum of graphite concentrate [2][3]. - The supply agreement with the Canadian government also includes an additional 15,000 tons per annum on a take-or-pay basis at a fixed North American market price [3]. - Nouveau Monde Graphite has established a commercial agreement with Traxys North America for 20,000 tons per annum of graphite concentrate [3]. Group 2: Business Operations - Nouveau Monde Graphite develops a fully integrated, carbon-neutral supply chain to produce high-purity, battery-grade graphite materials aimed at the electric vehicle (EV) and renewable energy storage markets [4]. - The company operates a mine in Quebec for natural graphite extraction, which is processed into advanced anode material at its Bécancour facility [4].

Core Insights - The United States has added 10 minerals, including uranium, to its critical list, prompting global investments of $6.4 billion across 26 strategic projects to secure supply chains [1][2] - The critical minerals sector is projected to grow from $328 billion in 2024 to $586 billion by 2032, indicating significant market potential [3][4] Company Developments - Homeland Uranium Corp. has completed the acquisition of the Skull Creek Project in Colorado, enhancing its control over the Cross Bones Uranium Deposit and its existing Coyote Basin Project [3][4] - The Coyote Basin Project has shown promising results, with a Phase I program confirming a 14-kilometer uranium strike length, situated in a historically productive region [5] - The company has received necessary permits to commence drilling at Coyote Basin and has filed for exploration work at Skull Creek, positioning itself for rapid advancement [4][9] Strategic Positioning - Homeland Uranium aims to leverage its strategic location in Colorado, which has favorable mining regulations, to enhance operational synergies between its projects [4][8] - The company is focused on acquiring quality assets, obtaining drilling permits, and upgrading historical resource estimates to modern standards [8][9] - With rising uranium prices and increasing support for nuclear energy, Homeland is well-positioned to address domestic supply chain concerns [7][9]

Core Insights - The Canadian government has referred the Phase-2 Matawinie Mine project to the Major Projects Office, highlighting its significance as a "Major Project of National Interest" [1] - This recognition underscores the strategic importance of Nouveau Monde Graphite Inc.'s business plan, which aims to establish one of the largest integrated natural graphite production facilities in the G7 [1] Company Summary - Nouveau Monde Graphite Inc. (NMG) is positioned to play a crucial role in the natural graphite market, with government support enhancing its project visibility and potential for growth [1] - The company's business plan is on track, indicating a strong commitment to advancing its operations and contributing to the industry [1] Industry Context - The recognition of the Matawinie Mine as a major project reflects the increasing importance of natural graphite in the context of sustainable development and ESG (Environmental, Social, and Governance) considerations [1] - The integrated production approach aligns with global trends towards sustainable resource management and the demand for natural graphite in various applications, including electric vehicle batteries [1]

Group 1: RLX Technology Inc - RLX Technology Inc reported quarterly earnings of 3 cents per share on sales of $158.600 million [1] - Shares of RLX Technology rose 6% to $2.47 in pre-market trading following the earnings report [1] Group 2: Other Stocks in Pre-Market Trading - Cidara Therapeutics, Inc. surged 92% to $203.50 after a Schedule 13D Amendment revealed beneficial ownership of 3.37 million shares [4] - Binah Capital Group, Inc. gained 52.2% to $2.17 after posting stronger-than-expected third-quarter results [4] - Expion360 Inc. rose 42.4% to $1.81 following its third-quarter results [4] - Aspire Biopharma Holdings, Inc. surged 31.2% to $0.1380 in pre-market trading [4] - Invivyd, Inc. gained 28.8% to $2.28 after reporting better-than-expected third-quarter financial results [4] - Milestone Scientific Inc. surged 26.3% to $0.4801 after reporting better-than-expected third-quarter sales [4] - Lazydays Holdings, Inc. gained 23.3% to $1.85 after a previous surge [4] - Omeros Corp gained 12.5% to $7.08 following a narrower-than-expected quarterly loss [4] - Nouveau Monde Graphite Inc rose 10% to $3.25 after a decline the previous day [4] Group 3: Declining Stocks in Pre-Market Trading - TSS Inc tumbled 40.2% to $9.10 after reporting a year-over-year decrease in third-quarter results [4] - enVVeno Medical Corp declined 35.8% to $0.42 after an unfavorable FDA appeal decision [4] - Nuvve Holding Corp fell 29.3% to $0.34 after announcing third-quarter results [4] - ESS Tech Inc shares dipped 24.2% to $3.22 after reporting weak quarterly sales [4] - Direct Digital Holdings Inc fell 18.8% to $0.23 after a significant gain the previous day [4] - StubHub Holdings Inc fell 18.8% to $15.28 after worse-than-expected third-quarter EPS results [4] - Mangoceuticals Inc dipped 17.7% to $0.98 after a decline the previous day [4] - Red Cat Holdings Inc dipped 15.1% to $6.57 after worse-than-expected financial results and a lowered FY25 sales guidance [4] - WhiteFiber Inc fell 13.4% to $17.21 after reporting worse-than-expected financial results [4] - Sobr Safe Inc fell 12.4% to $2.21 after a decline the previous day [4]

Core Insights - Nouveau Monde Graphite Inc. (NMG) is advancing its Phase-2 Matawinie Mine project, focusing on securing commercial agreements and financing to support natural graphite production for North American, European, and G7-allied markets [3][4][11] Commercial Agreements - NMG has established a binding term sheet with the Government of Canada for a seven-year offtake agreement for 30,000 tonnes per annum (tpa) of graphite concentrate, including a 15,000 tpa take-or-pay commitment [2][7] - The company has revised its commercial agreement with Panasonic Energy to produce 13,000 tpa of active anode material, reserving approximately 25,000 tpa of graphite concentrate for this purpose [6][43] - NMG has signed a binding term sheet with Traxys North America for up to 20,000 tpa of graphite concentrate for the refractory market, subject to board approval [8][42] Project Development and Financing - The project financing process for the Phase-2 Matawinie Mine is progressing well, with due diligence nearing completion and negotiations for long-form term sheets ongoing [5][15] - NMG is actively engaged with lenders and strategic investors to secure financing efforts in view of a final investment decision (FID) [4][15] - The company is also finalizing supply agreements for equipment packages and launching tenders for the construction phase of the project [13][15] Feasibility Study and Economic Viability - An updated feasibility study for the Phase-2 Matawinie Mine indicates a nominal annual processing rate of 2.56 million tonnes, with an average grade of 4.23% graphitic carbon and a pre-tax NPV of US$379 million [17][18] - The study reflects a capital expenditure (CAPEX) of US$421 million and an annual operating expenditure (OPEX) of US$44 million, with a pre-tax internal rate of return (IRR) of 17.3% [17][18] Market Dynamics - The global electric vehicle (EV) market reached a record high of 2.1 million units sold in September 2025, with a year-to-date growth of 26% [25] - Global energy storage installations are projected to rise by 23% year-over-year in 2025, indicating strong demand for battery materials [26] - FOB China prices for natural graphite have slightly decreased due to weak demand, while U.S. duties on Chinese graphite imports are pushing for a North American supply chain [24]

Financial Performance - For the nine-month period ended September 30, 2025, the company reported a net loss of CAD 110.2 million, compared to a loss of CAD 51.4 million for the same period in 2024[19]. - Operating loss for the nine-month period was CAD 48.2 million, down from CAD 70.9 million in the same period of 2024[10]. - The basic and diluted loss per share for the nine-month period was CAD 0.72, compared to CAD 0.52 for the same period in 2024[10]. - Net financial income for the nine-month period ended September 30, 2025, was $61,652,000, a significant increase from a loss of $19,825,000 in 2024[77]. - The total net change in working capital for the nine-month period ended September 30, 2025, was $4,761,000, compared to $1,081,000 in 2024[81]. Cash Flow and Liquidity - Cash and cash equivalents decreased to CAD 61.8 million as of September 30, 2025, down from CAD 106.3 million at the end of 2024[7]. - The company reported cash flows used in operating activities of CAD 31.6 million for the nine-month period ended September 30, 2025[15]. - The company has not yet generated positive cash flows or earnings, indicating a need for additional funding to continue operations[19]. Assets and Liabilities - Total assets decreased to CAD 161.3 million as of September 30, 2025, from CAD 204.1 million at the end of 2024[7]. - Total liabilities increased significantly to CAD 112.4 million as of September 30, 2025, compared to CAD 50.4 million at the end of 2024[7]. - The company had an accumulated deficit of CAD 404.0 million as of September 30, 2025[19]. - Trade payable and accrued liabilities as of September 30, 2025, were CAD 9,250,000, a decrease from CAD 10,929,000 at the end of 2024[41]. - The total derivative warrant liability as of September 30, 2025, was $78,968,000, an increase from $15,589,000 as of December 31, 2024, indicating a significant rise in fair value adjustments[52]. Share Capital and Equity - The company’s share capital increased to CAD 411.5 million as of September 30, 2025, from CAD 411.2 million at the end of 2024[7]. - The total shares issued at the end of the nine-month period ended September 30, 2025, was 152,400,705, up from 152,261,189 at the beginning of the period[67]. - The company has a maximum of 15% of total issued shares allocated for share-based payments under its Omnibus Equity Incentive Plan, which aims to attract and retain talent[68]. - The company’s stock options increased from 7,994,500 at the end of 2024 to 9,023,250 by September 30, 2025, reflecting ongoing employee incentive strategies[69]. - The company issued 139,516 common shares from the exercise of stock options during the nine-month period ended September 30, 2025, with an ending balance of 9,023,250 stock options[69]. Project and Operational Expenses - Mining projects expenses for the nine-month period ended September 30, 2025, totaled $6,012,000, significantly lower than $23,827,000 in the same period of 2024[73]. - Battery Material Plant project expenses for the nine-month period ended September 30, 2025, were $22,224,000, compared to $27,199,000 in 2024[75]. - General and administrative expenses for the nine-month period ended September 30, 2025, were $19,977,000, slightly up from $19,881,000 in the previous year[76]. Debt and Financing - The company completed a private placement of unsecured convertible notes for gross proceeds of CAD 67.2 million (US$50 million) on November 8, 2022[45]. - As of September 30, 2025, the balance of convertible notes was CAD 17,152,000, reflecting interest accretion of CAD 1,444,000 during the period[42]. - The company has an option to pay interest on convertible notes either in cash or in common shares, subject to TSX approval, which provides flexibility in managing cash flow[50]. - The fair value of the convertible debt host was estimated at $17,254,000 (US$12,394) as of September 30, 2025[85]. - The Company amended IQ's convertible note on October 27, 2025, extending the maturity date by one year and increasing the interest rate by 2%[91]. Corporate Developments - The company incorporated two new subsidiaries, NMG Bécancour Inc. and NMG Matawinie Inc., on June 20, 2025, focusing on active anode material operations and mining of natural flake graphite, respectively[28]. - The company completed a private placement with GM and Panasonic on February 28, 2024, raising aggregate gross proceeds of $67.9 million (US$50 million) through the issuance of 25,000,000 common shares and warrants[55]. - The company’s private placement with Mitsui and Pallinghurst on May 2, 2024, raised US$37.5 million through the issuance of 18,750,000 common shares and warrants[58]. - The company recognized a negative amount under "Additions, net of grants" in the Equipment asset category due to grants received, impacting the carrying amount of the related asset[37]. - The company exercised its buyback option to repurchase 1% of the 3% net smelter royalty for a total amount of CAD 1,869,000, allocating CAD 963,000 to "Mine under construction" and CAD 906,000 to "Bécancour Battery Material Plant under construction"[39]. Approval and Reporting - The condensed consolidated interim financial statements for the three and nine-month periods ended September 30, 2025, were approved for publication on November 11, 2025[24]. - The average fair value per warrant as of September 30, 2025, was US$0.68, compared to US$0.13 as of December 31, 2024, showing a substantial increase in valuation[52]. - The fair value per stock option for the nine-month period ended September 30, 2025, was estimated at $1.41, down from $2.04 in 2024[72].

Core Insights - Nouveau Monde Graphite Inc. (NMG) is focused on graphite production, essential for batteries and technologies, and has received an "Outperform" rating upgrade from National Bank, indicating a positive outlook for the company [1][5] Company Developments - NMG has finalized several offtake agreements for its Phase-2 graphite production, partnering with the Government of Canada, Panasonic Energy Co., Ltd., and Traxys North America LLC, which enhances its market position and shows strong support from key industry players [2][5] Stock Performance - Despite the positive developments, NMG's stock is currently trading at $2.65, reflecting a 12.42% decrease from its previous price of $3.02, with volatility observed as the stock fluctuated between $2.61 and $3.23 on the same day [3][5] - Over the past year, NMG's stock has experienced a high of $6.06 and a low of $1.22, indicating significant price movements [3][5] Market Metrics - NMG's market capitalization is approximately $403.1 million, with a trading volume of 1,076,316 shares, reflecting the company's size and investor interest [4]