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]

Core Insights - Mason Resources Inc. congratulates Nouveau Monde Graphite Inc. (NMG) on transformative agreements that enhance its position in the global energy transition and Canada's critical minerals strategy [1] Group 1: NMG's Announcements - NMG finalized an offtake and marketing agreement with Traxys for natural flake graphite targeting refractory markets in North America and Europe [2] - Multiple offtake agreements for Phase-2 graphite production have been secured, demonstrating strong support from the Canadian government and customers [2] - NMG updated its commercial agreement with Panasonic Energy to launch dedicated production capacity for active anode material [2] Group 2: Traxys Agreement Details - The updated agreement with Traxys includes an offtake of 20,000 tonnes per annum of graphite concentrate, with a firm take-or-pay commitment of 10,000 tonnes per year from NMG's Phase-2 Matawinie Mine [3] - This partnership will leverage Traxys' market intelligence and logistics to integrate NMG's flake graphite into established supply chains [3] - The agreements collectively cover up to 100% of NMG's anticipated future output from the Phase-2 Matawinie Mine [3] Group 3: Government and Panasonic Agreements - NMG executed binding supply agreements with the Government of Canada for 30,000 tonnes per annum of graphite concentrate over a seven-year term [4] - The revised agreement with Panasonic Energy aims to accelerate the production of 13,000 tonnes per annum of active anode material [4] - Ongoing negotiations with a leading anode manufacturer could lead to a supply of up to 30,000 tonnes per annum of graphite concentrate [4] Group 4: Mason's Strategic Outlook - Mason Resources views these developments as enhancing the value of its investment in NMG and highlights the importance of Canadian graphite assets in global supply chains [6] - The integrated approach of NMG, from mining to battery material production, positions it as a key player in North America's clean-energy supply chain [6]

Core Insights - Nouveau Monde Graphite Inc. has strengthened its partnership with Traxys North America LLC by finalizing a binding amended and restated joint marketing and offtake agreement for 20,000 tonnes per annum of graphite concentrate from the Phase-2 Matawinie Mine [1] Group 1 - The agreement is referred to as the "2025 Traxys Binding Offtake and Marketing Agreement" [1] - The agreement focuses on the supply of graphite concentrate, indicating a commitment to the growing demand for graphite in various industries [1]