Nouveau Monde Graphite, Panasonic Energy and Mitsui announce offtake and strategic partnership

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(Kitco News) - Nouveau Monde Graphite (NYSE: NMG) (TSXV: NOU) announced today that the company, Mitsui and Panasonic Energy have entered into a framework agreement establishing the terms of the commercial relationship between the parties to enable the next development steps of NMGs ore-to-battery-market integrated graphite project in Qubec, Canada.

The company said that the parties have signed memorandum of understanding to confirm intentions for a multi-year offtake agreement between NMG and Panasonic Energy for a significant portion of NMGs active anode material out of NMGs fully integrated ore-to-anode-material facilities.