Eni Completes $70 Million Equity Investment in Nouveau Monde Graphite

Deal Summary

Italian energy major Eni SpA completed a $70 million equity investment in Nouveau Monde Graphite Inc., acquiring an 11.6% stake in the company's Matawinie Mine project in Canada. The investment is part of a $213.16 million private placement for Phase‑2 of the mine, securing graphite supply for Eni’s Gigafactory battery initiative.