NMG's vertically integrated Phase 2 project combines the Matawinie open-pit graphite mine near Saint-Michel-des-Saints with downstream battery-material processing at Becancour. NMG began mine construction in May 2026; Eni holds approximately 11.6% of NMG through a US$70 million corporate investment that was expressly directed toward Matawinie development, and has a board nomination right and prospective supply access.
- Country
- Canada
- Commodity
- Graphite
- Stage
- Construction