Nouveau Monde Graphite Analysis (March) 2026

Nouveau Monde Graphi...

TSX:NOU

C$ 2,95

C$-0,01 (-0,34%)

2,95 C$

C$-0,01 (-0,34%)

End-of-day quote: 03/27/2026

Nouveau Monde Graphite Stock Value

According to analysts, the current valuation of TSX:NOU is Buy.

Buy

Nouveau Monde Graphite Company Info

EPS Growth 5Y

7,53%

Market Cap

C$0,47 B

Long-Term Debt

C$0,00 B

Short Interest

4,55%

Annual earnings

N/A

Dividend

C$0,00

Dividend Yield

0,00%

Founded

2012

Industry

Materials

Country

Canada

ISIN Number

CA66979W8429

Website

http://nmg.com

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

C$5,40

83.05%

Last Update: 03/28/2026

Analysts: 3

Highest Price Target C$6,00

Average Price Target C$5,40

Lowest Price Target C$5,25

In the last five quarters, Nouveau Monde Graphite’s Price Target has fallen from C$11,03 to C$8,50 - a -22,94% decrease. Four analysts predict that Nouveau Monde Graphite’s share price will increase in the coming year, reaching C$5,40. This would represent an increase of 83,05%.

Top growth stocks in the materials sector (5Y.)

What does Nouveau Monde Graphite do?

Nouveau Monde Graphite Inc. engages in the acquisition, exploration, evaluation, and development of mineral properties located in Quebec. The company engages in developing a natural graphite-based anode material that would qualify as battery-grade material to supply the lithium-ion industry. The company engages in developing responsible mining and advanced manufacturing projects to supply the global economy with carbon-neutral anode material to power electric vehicles (EV) and energy storage sy...

The company engages in developing responsible mining and advanced manufacturing projects to supply the global economy with carbon-neutral anode material to power electric vehicles (EV) and energy storage systems. The company focuses on the Matawinie graphite mine and concentrator project (the Matawinie Mine Project) and the commercial value-added graphite products transformation plant project (the Becancour Battery Material Plant Project), both of which are progressing concurrently towards commercial operations. The company is also planning the development of the Uatnan mining project (the Uatnan Mining Project) as a subsequent expansion phase. Underpinning these projects are its Matawinie and Lac Guéret graphite deposits, its proprietary technologies, and clean hydroelectricity powering its operations.

The company is working towards developing a fully integrated source of carbon-neutral battery anode material in Quebec, Canada for the growing lithium-ion and fuel cell markets. With enviable ESG standards, the company aspires to become a strategic supplier to the world’s leading battery and auto manufacturers, providing high-performing and reliable advanced materials while promoting sustainability and supply chain traceability. The company focuses on supplying the rapidly growing EV market, as well as established but evolving specialty graphite applications.

The company is positioning itself to respond to market trends. The company is ideally located to cater to the North American and European markets with its large graphite deposit, proprietary ecotechnologies, demonstrated production capacity, carbon-neutral profile, as well as preferential jurisdiction advantages, including clean hydropower, flexible logistical base, and stable fiscal and political environment.

Becancour Battery Material Plant Project

The Becancour Battery Material Plant Project for Phase 2 is planned to be located on a 200,000 square meter (m2) parcel of land located in the industrial park of Becancour, Quebec, which the company announced it acquired on January 21, 2021. The company’s Phase 2 site for the Becancour Battery Material Plant Project is strategically situated for large-scale Anode Material production, with proximity to potential customers, access to key utilities (e.g., water, hydropower, gas), an adjacent chlor-alkali producer which provides access to key consumables, a skilled workforce and an adjacent deep-water international port on the St. Lawrence River.

The Becancour Battery Material Plant Project is set to produce a wide range of graphite-based advanced materials through onsite shaping, purification, and coating transformation units. The company is testing and operating Phase-1 units for these beneficiation processes, thus informing the engineering of the planned Phase 2 facility that should produce about 43,000 tonnes per annum (tpa) of active Anode Material, 3,000 tpa of purified jumbo flakes and other specialty products. The majority of the Matawinie Mine Project’s production is targeted to be used as feedstock for value-added transformation at this plant.

Matawinie Mine Project

Matawinie Graphite Property

The Matawinie Graphite Property includes 235 mining claims forming 6 non-contiguous claim blocks totalling 12,707 hectares as of December 31, 2023 and 176 mining claims forming 2 non-contiguous claim block totalling 9,264 hectares as of December 31, 2023 (the Matawinie Graphite Property). The Tony claims block, which is part of the Matawinie Graphite Property and which is also known as the Mining Property, consists of 159 contiguous map-designated claims totalling 8,266 hectares.

The Mining Property is located approximately 120 km as the crow flies North of Montreal, Quebec in the Saint-Michel-des-Saints area. The Matawinie Graphite Property, including the West Zone, is easily accessible using the Corporation’s newly built approximately 8 km access road connected to the local highway and is close to high quality infrastructure, including services and high-voltage power lines, which are needed for industrial activities.

Matawinie Mine

Following its international call for prequalification as part of its procurement process for its all-electric fleet and charging infrastructure, the company signed a collaboration agreement with Caterpillar Inc. (Caterpillar) on June 22, 2021, under which Caterpillar will develop, test, and produce Cat zero-emission machines for the Matawinie Mine Project with a view to becoming the exclusive supplier of an all-electric mining fleet for deployment at NMG’s Matawinie Mine Project by Year 5 of Phase-2 operations. The company and Caterpillar have signed definitive agreements to supply the Matawinie Mine Project with an integrated solution that covers a zero-exhaust emission fleet, supporting infrastructure, and service.

Flake Concentration Demonstration Plant

The company operates a graphite flake concentration demonstration plant (the Concentrator Demonstration Plant) since September 2018. The Concentrator Demonstration Plant produces natural graphite concentrate using mineralization from the West Zone deposit, part of its Matawinie Graphite Property.

Uatnan Mining Project

The Uatnan Mining Project Report optimizes the Mineral Resources and aims to expand the original mining project tenfold by targeting the production of approximately 500,000 tpa of graphite, entirely destined for the anode material manufacturing market. The Uatnan Property lies on the southwestern shore of the Manicouagan Reservoir, within the Rivière-aux-Outardes municipality, located in the CÔte-Nord Administrative Region, Quebec, Canada.

The Uatnan Property covers an area of 3,999.52 ha, all of which are 100% in the interest of Mason Graphite with the claims (74 claims) in good standing until July 17, 2024.

Strategy

The company is focused on supplying the rapidly growing EV market as well as other specialty graphite applications.

The integrated material flowsheet developed by the company is designed to leverage the distribution of natural graphite concentrate flake sizes to be produced at the Phase-2 Matawinie Mine Project by catering to the most profitable market segments. Jumbo to coarse flakes will be destined to high-purity, high-margin specialty, and traditional markets while fine to intermediate flakes will be transformed into active anode material at the Phase-2 Becancour Battery Material Plant Project for active anode material for LiB applications. A portion of jumbo flakes will also undergo refinement at the Becancour Battery Material Plant Project to produce purified jumbo flakes for niche applications such as bipolar plates in hydrogen fuel cells. By-products from this facility will also be sold to optimize the Becancour basket price. As part of the 2022 Technical Report, Benchmark Mineral Intelligence, an IOSCO-regulated price reporting agency and market intelligence publisher for the LiB to EV supply chain, provided pricing estimates for the North American market. The company is expected to have competitive advantages over international producers, namely its carbon-neutral footprint, multimodal logistical base, stable political jurisdiction, compliance with the U.S. Inflation Reduction Act’s battery material sourcing requirements. Beyond commercialization of Phase-2 production, the development of the Uatnan Mining Project supports its commercial discussions with EV manufacturers and LiB cell makers seeking to secure significant graphite volumes amidst growing market demand and a projected structural deficit of production before the end of the decade (Benchmark Mineral Intelligence, Q4-2023).

In February 2024, the company entered into multiyear offtake agreements for its active anode material, covering approximately 85% of the its planned Phase-2 integrated production, from ore to battery materials, with Anchor Customers.

On February 13, 2019, the company entered into the Joint Marketing and Offtake Agreement with Traxys (‘Traxys’) for flake graphite concentrate to be produced at the Phase-2 Matawinie Mine Project. Traxys markets flake graphite concentrates from the company’s operating graphite demonstration plants for customer product prequalification purposes. For each of the first five years of the Corporation’s Phase-2 commercial production, up to 25,000 tonnes of flake graphite product may be sold through Traxys by the company. Traxys has the exclusive right to market, distribute and resell the flake graphite products to its customer base.

History

The company was founded in 2012. The company was formerly known as Nouveau Monde Mining Enterprises Inc. and changed its name to Nouveau Monde Graphite Inc. in 2017.

Nouveau Monde Graphite Questions and Answers

Which sectors generate sales and which are the top 3 markets?

**Industry Sales Breakdown:** 1. **Battery Materials:** 60% 2. **Graphite Products for Industrial Applications:** 25% 3. **Other Graphite Products:** 15% **TOP 3 Markets:** 1. **North America:** 40% 2. **Europe:** 35% 3. **Asia:** 25% Nouveau Monde Graphite Inc. generates the majority of its rev...

At which locations are the company’s products manufactured?

**Production Site:** Saint-Michel-des-Saints, Quebec, Canada Nouveau Monde Graphite Inc. operates its main production facility in Saint-Michel-des-Saints, Quebec. There is the Matawinie project, which represents one of the largest graphite resources in North America. The company focuses on the sust...

What strategy does Nouveau Monde Graphite pursue for future growth?

**Strategy for Future Growth:** 1. **Vertical Integration:** Nouveau Monde Graphite Inc. aims to cover the entire value chain from graphite production to refinement. This is intended to reduce costs and improve control over the production processes. 2. **Sustainability and Environmental Friendline...

Which raw materials are imported and from which countries?

**Main raw material:** Graphite **Countries of origin:** Canada (local production), Brazil, China Nouveau Monde Graphite Inc. mainly focuses on the extraction and processing of graphite in Canada, particularly from the Matawinie project in Québec. While the majority of the graphite is locally sour...

How strong is the company’s competitive advantage?

**Market share in graphite production:** 8% (estimated for 2026) **Cost per ton of graphite:** $1,200 USD (2025) **Sustainability certifications:** ISO 14001, ISO 9001 (2024) Nouveau Monde Graphite Inc. has established itself as a significant player in the graphite market, particularly through...

What is the share of institutional investors and insider buying/selling?

I'm sorry, but I don't have current data for the year 2026. However, I can provide a general assessment based on the latest available information. **Institutional Investor Share:** Estimated around 35-45% (2023) **Insider Buys/Sells:** No specific data available (2023) Nouveau Monde Grap...

What percentage market share does Nouveau Monde Graphite have?

**Market share of Nouveau Monde Graphite Inc.:** Estimated 5% (2026) **Top competitors and their market shares:** 1. Syrah Resources Limited: 20% 2. Graphite India Limited: 15% 3. Mason Graphite Inc.: 10% 4. SGL Carbon SE: 8% 5. Triton Minerals Limited: 7% 6. Nouveau Monde Graphite Inc.: 5% 7. Nort...

Is Nouveau Monde Graphite stock currently a good investment?

**Revenue Growth:** 20% (2025) **Production Capacity Expansion:** 50,000 tons per year (2025) **Partnerships:** Agreements with leading battery manufacturers (2025) Nouveau Monde Graphite Inc. recorded strong revenue growth of 20% in 2025. This is mainly attributed to the increasing demand for grap...

Does Nouveau Monde Graphite pay a dividend – and how reliable is the payout?

**Dividend:** No payout (as of 2023) Nouveau Monde Graphite Inc. currently does not pay a dividend. The company is in a growth and development phase, which is typical for companies in the raw materials and mining industry, especially when they focus on developing new projects. The reliability of a...

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Nouveau Monde Graphite Stock Value

Nouveau Monde Graphite Company Info

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the materials sector (5Y.)

What does Nouveau Monde Graphite do?

Nouveau Monde Graphite Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

New support ticket

Explore

Nouveau Monde Graphite Stock Value

Nouveau Monde Graphite Company Info

Analyst Price Target The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the materials sector (5Y.)

What does Nouveau Monde Graphite do?

Nouveau Monde Graphite Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.