NMG Stock Soars 17.75% Amid SEC Filings and Phase-2 Funding Drive

Introduction

Nouveau Monde Graphite Inc. (ticker: NMG) is a Canadian mining company founded in 2012 and headquartered in Saint-Michel-des-Saints, Québec. The company develops natural graphite deposits to produce high-purity, carbon-neutral anode materials for lithium-ion batteries. Utilizing Québec’s renewable hydropower, Nouveau Monde Graphite aims to supply North American battery and electric vehicle manufacturers with locally sourced graphite.

Corporate Structure

Nouveau Monde Graphite employs between 51 and 200 people, including geoscientists, mining engineers, metallurgists, and environmental specialists. Founder and President Eric Desaulniers, a geophysicist, leads a management team that includes Chief Financial Officer Charles-Olivier Tarte, who oversees financial reporting and investor relations, particularly following the company’s upgrade to OTCQX.

Graphite Production by Mick Haupt

Developments and News

• June 17, 2025: The company held its Annual General and Special Meeting of Shareholders, presenting its audited financial statements for 2024 and addressing corporate governance items.
• August 14, 2025: A Form 6-K was filed with the SEC, reporting interim unaudited consolidated financial statements for the three and six months ended June 30, 2025.
• August 15, 2025: The company submitted two SEC filings:
  • Form F-10, which registers securities for potential capital raises.
  • Form F-X, designating C T Corporation System as agent for service of process in Washington, DC.
• October 7, 2022: Mitsui & Co. subscribed to a US$25 million convertible bond issued by Nouveau Monde Graphite to support project financing and advance North American battery supply chains.
• Phase-2 Project Advancement: The company is finalizing project debt financing with institutional syndicates and export credit agencies, targeting over US$1 billion for the Phase-2 Matawinie Mine and Bécancour Battery Material Plant.

Financial and Strategic Analysis

As of October 14, 2025, NMG shares closed at US$5.97 on the New York Stock Exchange, up 17.75% on a volume of 230,758 shares. Key metrics include:

• Market Capitalization (intraday): US$772.67 million
• 52-Week Range: US$1.22 – US$5.75
• Trailing EPS (TTM): –0.32
• Net Loss (TTM): US$63.42 million
• Return on Assets: –25.87%
• Return on Equity: –53.03%
• Cash on Hand (MRQ): US$73.46 million
• Total Debt/Equity (MRQ): 14.97%
• Levered Free Cash Flow (TTM): –US$46.75 million

Strategically, the company aims to establish itself as a fully integrated natural graphite producer in North America. The Phase-2 development looks to attain a final investment decision by leveraging Québec’s low-cost hydropower and complying with environmental, social, and governance (ESG) standards. Capital raised through securities registration (Form F-10) and the bond issuance with Mitsui are intended to support the construction and scaling of mining and processing facilities.

Market Position and Industry Context

Nouveau Monde Graphite operates within the critical minerals sector, focusing on clean energy transitions. By producing carbon-neutral anode materials, the company aligns with U.S. policy drivers, such as the Inflation Reduction Act, which necessitates that battery components be sourced or processed in North America. Its principal competitors include Chinese graphite suppliers, while local partnerships and Québec’s renewable electricity provide competitive advantages in cost and sustainability. With global demand for lithium-ion batteries anticipated to rise, NMG’s integrated mine-to-anode strategy positions the company favorably among automakers and battery manufacturers seeking reliable low-carbon supply chains.

TL;DR

• On October 14, 2025, NMG shares increased 17.75% to US$5.97 amid heightened investor activity.
• The August 14, 2025 SEC Form 6-K detailed Q2 2025 results; August 15 filings (Form F-10/F-X) lay the groundwork for capital raises and compliance updates.
• The June 17, 2025 AGM approved 2024 financials and governance measures.
• Mitsui’s US$25 million convertible bond subscription on October 7, 2022, and ongoing project financing efforts aim to finalize the investment decision for Phase-2 initiatives.
• The company's current focus includes project financing and engineering activities to secure the final investment decision on the Matawinie Mine and Bécancour Plant, which will contribute to carbon-neutral anode production for North American battery supply chains.