Dividend Power Score
A single, comprehensive score designed to measure the true strength of a company’s dividend.
This score combines three essential pillars of dividend quality:
Consistency – Measures how reliable the dividend has been over time, focusing on payment history, stability, and the absence of cuts or suspensions.
Payability – Assesses the company’s financial ability to sustain its dividend, taking into account cash flow, earnings coverage, balance sheet strength, and overall financial health.
Growth – Evaluates the long-term growth of both the dividend and the company’s share price, highlighting businesses that consistently increase payouts while creating shareholder value.
Higher scores identify companies that have historically delivered dependable income alongside sustained dividend growth and long-term capital appreciation.
Company Overview
Nouveau Monde Graphite Inc. (NMG) is a Canadian advanced materials company focused on the development and production of sustainable, high-purity graphite-based anode materials for the lithium-ion battery and electric vehicle (EV) supply chain. The company operates within the mining, battery materials, and clean technology industries, with an emphasis on vertically integrated, low-carbon graphite production.
NMG’s primary business lines include natural graphite mining, graphite concentration, and the transformation of graphite into coated spherical anode material used in EV batteries. The company’s strategic positioning is centered on becoming a North American supplier of battery-grade anode material, leveraging Québec’s renewable hydropower, proximity to U.S. and Canadian EV manufacturers, and alignment with Western supply chain localization efforts. Founded in 2015, the company evolved from an exploration-stage graphite miner into an integrated battery materials developer, advancing projects from feasibility through early commercial demonstration.
Business Operations
NMG’s operations are structured around two core business segments: Graphite Mining and Concentration and Battery Anode Material Production. The company’s flagship asset is the Matawinie Mine Project, designed to be an all-electric open-pit graphite mine producing high-purity natural graphite concentrate. Downstream, NMG operates the Bécancour Battery Material Plant, which converts graphite concentrate into coated spherical purified graphite (CSPG) suitable for lithium-ion batteries.
Operations are primarily based in Canada, with a focus on Québec. NMG controls proprietary processing technologies related to purification, shaping, and coating of graphite anode material. The company has established strategic relationships with automotive OEMs, battery manufacturers, and government-backed institutions, and it has received financial support from provincial and federal agencies. Its wholly owned subsidiaries include Nouveau Monde Graphite – Matawinie Inc. and Nouveau Monde Graphite – Bécancour Inc., which hold key operating assets.
Strategic Position & Investments
NMG’s strategy is focused on scaling a fully integrated, Western-based anode material platform capable of supplying the rapidly growing EV market. Growth initiatives include the phased construction of the Matawinie Mine and the commercial-scale expansion of the Bécancour facility, targeting long-term supply agreements with North American and European battery manufacturers.
The company has secured significant strategic investments from automotive and industrial partners, including equity participation and offtake-related financing. Notable investors include General Motors Holdings LLC and Panasonic Energy Co., Ltd., reflecting confidence in NMG’s technology and supply chain relevance. NMG is also involved in emerging technologies related to low-carbon battery materials, life-cycle assessment optimization, and circularity initiatives such as battery recycling feedstock integration.
Geographic Footprint
NMG’s operational footprint is concentrated in Québec, Canada, with its corporate headquarters located in Montréal. Key industrial sites include the Matawinie region in Lanaudière for mining operations and Bécancour, Québec, for battery material processing. The company benefits from Québec’s extensive renewable energy infrastructure, which underpins its low-emissions production strategy.
Commercially, NMG targets customers across North America and Europe, aligning with regions prioritizing domestic EV supply chains. While current physical operations are Canadian-based, the company maintains an international commercial presence through customer engagement, strategic partnerships, and participation in global battery supply chain initiatives.
Leadership & Governance
NMG was founded by Eric Desaulniers, who continues to play a central role in shaping the company’s long-term vision of establishing a sustainable and independent Western battery materials supply chain. The leadership team emphasizes disciplined project execution, environmental stewardship, and strategic alignment with automotive and energy transition partners.
Key executives include:
- Eric Desaulniers – Founder, President & Chief Executive Officer
- Arne H. Frandsen – Chair of the Board
- Stéphane Brochu – Chief Financial Officer
- Philippe Denault – Vice President, Capital Projects
- Mélanie Tremblay – Chief Legal Officer & Corporate Secretary
The board and management team collectively bring experience in mining development, advanced materials, capital markets, and large-scale industrial project execution, guiding NMG through its transition from development to commercial production.