On October 31, 2025, NMG made the following announcements:
i) NMG and Traxys finalize the off-take and marketing agreement for natural flake graphite for refractory markets in North America and Europe;
ii) NMG completes multiple offtake agreements for its Phase 2 graphite production, demonstrating strong Canadian government and customer support; And
iii) NMG and Panasonic Energy update their commercial agreement; Plan to launch a dedicated initial capacity for active anode material production.
Traxys announcement
NMG has updated its joint marketing and offtake agreement with Traxys to include the North American and European refractory markets, supported by an exclusive roster of end users. The updated arrangement provides for the purchase of 20,000 tonnes of graphite concentrate per year, including a firm take-or-pay commitment of 10,000 tonnes per year, to be produced at NMG’s Phase 2 Matawinie mine. Through this agreement, NMG will leverage Traxys’ extensive market intelligence, customer relationships and logistics infrastructure to supply its flake graphite production to established Western industrial supply chains. The announcement coincides with the execution of multiple commercial agreements that collectively cover up to 100% of NMG’s expected future Phase 2 Matawinie Mine production.
New purchasing agreements, including with the Canadian government
NMG announced the execution of binding supply and marketing term sheets with the Government of Canada for the placement of a total of 30,000 tonnes per year of graphite concentrate with Canada and related entities for strategic applications under a seven-year offtake term. The company has also revised its binding offtake agreement with Panasonic Energy to accelerate the construction and commissioning of its integrated Phase 2 value chain, targeting the production of 13,000 tons of active anode material per year. At the same time, NMG completed an updated commercial and marketing agreement with Traxys for 20,000 tonnes per year of graphite concentrate for the refractory market, including a firm take-or-pay commitment, pending approval by Traxys’ board of directors. Negotiations are also progressing with a leading anode manufacturer for the potential supply of up to 30,000 tonnes per year of graphite concentrate from the Phase-2 Matawinie mine, intended to support the active anode material needs of GM and other customers. Meanwhile, the Matawinie Mine project financing process continues to progress, with due diligence nearing completion and long-term discussions underway ahead of reviews by the credit committees of the respective lenders.
Panasonic announcement
NMG has revised its binding offtake agreement with Panasonic Energy to advance the production of active anode material through NMG’s integrated phase 2 value chain. This announcement coincides with the execution of multiple commercial agreements that collectively have the potential to secure 100% of NMG’s future Phase-2 Matawinie Mine production.
Mason’s strategic vision
As a long-term shareholder of NMG, Mason Resources believes these achievements significantly enhance the value of its investment and reflect the growing importance of Canada’s graphite assets within global energy and defense supply chains. Mason remains confident that NMG’s integrated approach – from responsible mining to advanced battery material manufacturing – will continue to position the company as a cornerstone of the North American clean energy supply chain.
More details and full coverage of these important announcements can be found on the company’s website: https://nmg.com/investors/#news.
About Mason Resources Inc.
Mason is an investment company primarily engaged in acquiring and maintaining positions in a concentrated number of investment opportunities primarily, but not exclusively, in the minerals and materials sector. Some of the existing holdings include Black Swan Graphene Inc., Nouveau Monde Graphite Inc., Astra Exploration Inc. and NorthX Nickel Corp.
Mason Resources Inc. on behalf of the Board of Directors
Peter Damouni, chairman and general manager
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Forward-looking information
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