NMG and Traxys Finalize Graphite Offtake and Marketing Deal for North American and European Refractory Markets
Nouveau Monde Graphite and Traxys North America LLC (“Traxys”), an international metals and minerals distribution company, have updated and strengthened their existing relationship by finalizing a amended and updated binding offtake purchase and joint marketing agreement (the “Traxys 2025 Binding Offtake Purchase and Marketing Agreement”) for 20,000 tonnes per annum (“tpa”) of graphite concentrate from the Company’s Phase 2 Matawinie mine, the signing of which is subject to approval by the Traxys Board of Directors. This collaboration targets the refractories market, a global market of US$45 billion with a projected compound annual growth rate of 9.1% until 2033 (Grand View Research, 2025), to supply steel industries with refractory products such as bricks, electric arc furnaces, crucibles and recarburizing agents.
Dennis Gates, Head of Industrial Metals at Traxys, said: “Traxys has supported NMG’s vision for many years. We are delighted to see the positive results of the team’s long-term vision and look forward to working with NMG for many years to come.”
Eric Desaulniers, founder, president, and CEO of NMG, stated: “In the West, the transformation of the steel and manufacturing sectors is creating strong and sustained demand for high-performance refractory materials; graphite is central to this demand. Industries are seeking reliable, high-purity graphite that is produced responsibly to ensure security of supply and continued growth. As the North American and European economies relocate critical mineral value chains and manufacturing capabilities, we are seizing this opportunity to partner with Traxys to serve steelmakers and refractory producers. Traxys’ global presence and market knowledge will help us accelerate our market access, optimize our business strategy, and deliver long-term value to our customers and shareholders.”
Traxys 2025 Offtake Purchase and Marketing
Agreement covers the purchase and marketing of 20,000 tpa of graphite concentrate from NMG’s Phase 2 Matawinie mine. With an initial term of seven years from the start of full-scale production, the agreement is expected to include market-index-based selling prices for the firm order of 10,000 tpa.
Traxys’ established relationships with hundreds of industrial customers allow NMG to take advantage of a stable and growing sector for refractory products in North America and Europe.
Additional Information
With potentially nearly 100% of the future graphite concentrate production from the Phase 2 Matawinie mine now allocated to several customers across diversified segments and the project significantly de-risked through years of development, the Company is working to advance the ongoing financing process in order to reach the final investment decision.
Information on NMG’s execution strategy to launch Phase 2 commercial production, as well as details of side-offtake agreements with the Government of Canada; Panasonic Energy Co., Ltd., a wholly owned subsidiary of Panasonic Holdings Corporation (TYO: 6752); and an established anode equipment manufacturer, are available here: https://nmg.com/fr/ententes-offtakes-multiples-2025/ .
About Nouveau Monde Graphite:
Nouveau Monde Graphite is an integrated company developing responsible mining and advanced processing operations to supply the global economy with cutting-edge, carbon-neutral graphite materials. The Company is currently developing a fully integrated value chain, from ore to refined graphite, in Quebec, Canada, to meet the needs of tomorrow’s industries in the energy, defense, technology, and manufacturing sectors. With its recognized ESG standards and strategic partnerships with major clients, NMG is on track to become a key supplier of advanced materials to leading specialty manufacturers, while promoting sustainability and supply chain traceability. www.NMG.com
About Traxys Group:
Traxys is a commodities trader and merchant in the metals and natural resources sectors. Its logistics, marketing, distribution, supply chain management, and trading activities are carried out by more than 450 employees in over 20 offices worldwide, and its annual revenue exceeds US$8 billion. Headquartered in Luxembourg, Traxys is active in the sourcing, trading, marketing, and distribution of non-ferrous metals, ferroalloys, minerals, industrial raw materials, and energy. The group serves a broad industrial customer base and offers a full range of commercial and financial services. Traxys is committed to the highest internationally recognized principles of responsible business conduct and to ensuring that its operations are fair, sustainable, and transparent. Traxys bases its practices on environmental, social, and governance (ESG) standards, enabling it to set an example in the responsible sourcing and trading of metals and minerals. www.Traxys.com
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