04:03 PM EDT, 10/31/2025 (MT Newswires) -- Nouveau Monde Graphite ( NMG ) was last seen up 7% after the company on Friday said it signed commercial agreements with the Government of Canada, Panasonic Energy and Traxys as G7 energy and environment ministers meet in Canada.

The company said it revised its binding offtake agreement with Panasonic Energy, clearing the way to begin initial active anode material production at its planned Phase-2 Becancour facility.

The updated deal covers 13,000 tonnes per year over seven years and forms part of a wider set of commercial agreements that could account for up to 100% of Phase-2 output from the company's Matawinie Mine in Quebec.

Panasonic, already a customer and strategic shareholder, reaffirmed its intent to support project financing and may make an equity investment at the Phase-2 final investment decision. NMG said the revised pact aligns production with Panasonic's specifications and North America's gradual demand ramp-up.

"From electric vehicles to energy storage systems for renewable energies and data centers, Panasonic Energy's commercial reach provides NMG with solid footings for our market entry," said chief executive Eric Desaulniers.

The Canadian natural graphite and battery materials company on Friday also said it finalized a binding amended offtake and marketing agreement with Traxys for 20,000 tonnes per year of graphite concentrate from its planned Phase-2 Matawinie Mine, including a firm 10,000 tpa take-or-pay commitment.

The deal, pending Traxys board approval, targets refractory customers in North America and Europe and forms part of Nouveau Monde's broader effort to secure buyers for nearly all of its planned Phase-2 production. The seven-year agreement will use market-indexed pricing and gives NMG access to Traxys' customer base and logistics network as the company advances financing toward a final investment decision.

The company also said it has signed a binding term sheet with the Government of Canada for a seven-year offtake covering 30,000 tonnes per year of graphite concentrate from its planned Phase-2 Matawinie Mine, including 15,000 tpa on a take-or-pay basis.

The agreement, announced alongside G7 energy and environmental ministers meetings in Toronto, marks the first time the federal government has committed to purchasing graphite for allied and domestic supply chains. With this deal and existing agreements with Panasonic Energy and Traxys, NMG said nearly all future Phase-2 volumes are now covered as it advances project financing toward a final investment decision.

NMG shares were last seen up $0.28 at $4.26 on the Toronto Stock Exchange.