Nouveau Monde Graphite (NMG) - 2024 Q4 - Annual Report

Project Financing and Investments - NMG has received approximately $1.6 billion in expressions of interest for project financing from potential lenders and institutional equity investors as it progresses toward the final investment decision (FID) for the Phase-2 Matawinie Mine and Bécancour Battery Material Plant[1][6]. - NMG has secured equity investments totaling $100 million in 2024 from Panasonic, GM, CGF, and IQ, alongside $37.5 million in private placements from Mitsui and Pallinghurst[1]. - NMG's cash position at the end of 2024 was $106 million, supporting its ongoing project financing efforts[14]. Feasibility and Project Viability - The Updated Feasibility Study demonstrates the technical and economic viability of NMG's Phase-2 projects, enabling the company to enter the project financing stage[4][6]. - The company is advancing its construction preparation, with detailed engineering and procurement activities underway for the Phase-2 projects[9][10]. Market Demand and Growth - The energy storage sector grew by 111% year-over-year, while the global electric vehicle (EV) market saw a 25% increase in sales, with 1.3 million EVs sold in the U.S. in 2024[17][16]. - Demand for natural active anode material increased by 34% in 2024, with projections indicating a demand of 10,701,000 tons per annum by 2030 to meet the anticipated battery capacity[18]. - NMG is positioned to capitalize on the growing demand for critical minerals as Western economies seek to secure local supply chains and reduce dependencies on foreign sources[20]. Environmental and Community Engagement - The company has established an impact and benefit agreement with the Atikamekw First Nation, ensuring environmental participation and financial benefit sharing for the Matawinie Mine Project[1]. - NMG's TRIFR rate for the year ended December 31, 2024, was 1.78, with no major environmental incidents reported[12]. Risks and Forward-Looking Statements - The Company acknowledges that forward-looking statements are subject to known and unknown risks and uncertainties that may cause actual results to differ materially from expectations[25]. - Key risk factors include delays in equipment delivery, the ability to implement strategic initiatives, and dependence on commodity prices[25]. - The Company emphasizes that there can be no assurance that forward-looking statements will prove accurate, as actual results may differ materially from anticipated outcomes[26]. - The Company disclaims any obligation to update or revise forward-looking statements unless required by law[26]. - Further information regarding the Company can be accessed through the SEDAR+ database and EDGAR[27].