General Motors has signed a supply agreement with Canadian natural resources company, Nouveau Monde Graphite to produce active anode material in Quebec, projected to be the first natural graphite mine in Canada entering the battery electric vehicle supply chain.
NMG and GM have agreed to sign a multiyear supply agreement for 18,000 tonnes per annum of active anode material, covering a significant portion of NMG’s expected Phase-2 integrated production, from graphite ore to battery materials.
GM commits to a US$150 million investment in two tranches, subject to certain closing conditions, to support the advancement and ultimately construction of NMG’s Phase-2 operations.
This agreement marks another milestone in GM’s commitment to build an entirely new industry in Quebec, Canada, and develop an integrated EV supply chain in North America. With the addition of the Ultium Cathode Active Material (CAM) processing facility in Bécancour, QC, we’re expanding the role Canada plays in GM’s all-electric future.
Eric Desaulniers, Founder, President, and CEO of NMG, reacted:  «From neighbors in Bécancour to now business partners, GM and NMG align on a vision for a striving and local integrated supply chain, from ore to EVs. North America is rich in resources, manufacturing capacity, talents, and innovation. We are leveraging these ingredients to drive a zero-emission future. Today marks a momentous milestone for NMG, highlighting the progress made towards our Phase 2 and the Company’s sound business plan of becoming North America’s largest fully integrated natural graphite active anode material producer to serve the booming Western battery and EV market».