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StocksMediumUpdated•Originally published 13 April 2026•Updated 13 April 2026•

1 min read

Eni Invests $70 Million in Nouveau Monde Graphite to Secure Battery Supply Chain

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Key Facts

1Italy's Eni agreed to acquire a minority stake in Canada's Nouveau Monde Graphite for $70 million.

about 2 months ago

Version History

1 additional source confirmed this story

Version 1about 2 months ago

What changed: The story was updated to include Eni securing a seat on Nouveau Monde Graphite's board of directors as part of the investment deal.

Italian energy major Eni has agreed to acquire a minority stake in the Canadian firm Nouveau Monde Graphite (NMG) for $70 million. As part of this strategic investment, Eni has secured a seat on NMG's board of directors to oversee its strategic entry into the critical minerals sector. This move is designed to bolster Eni's position within the global energy transition landscape by securing a reliable supply of natural graphite. Natural graphite is a critical component for advanced battery storage technologies and electric vehicle production. The capital injection provides significant financial backing for NMG's ongoing mining and production projects. This partnership underscores the growing trend of traditional energy companies diversifying into the critical minerals sector to support green initiatives.