people · May 16, 2026
Nouveau Monde Graphite Secures US$213M Private Placement from Canada Growth Fund, Investissement Québec and Eni
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Nouveau Monde Graphite closed a US$213 million private placement on May 15, 2026 with Canada Growth Fund Inc. subscribing for 44,452,460 shares, Investissement Québec for 33,351,853 shares and Eni S.p.A. for 38,043,478 shares at US$1.84 per share. The transaction followed shareholder approvals on May 13, 2026 and formed part of the larger US$309.5 million equity package confirming the Matawinie Mine FID. Eni invested approximately US$70 million for an 11.6 percent stake in the Canadian graphite developer. The financing supports construction of the Phase-2 Matawinie Mine with additional senior debt facilities of US$335 million.
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