0807 ET - Nouveau Monde Graphite has a new Italian partner. Italian energy major Eni invested $70 million as part of the company's latest capital raise, giving it an 11.5% stake in the Canadian graphite and battery-materials developer. The deal anchors a broader private placement that also includes major Canadian institutional investors, Canada Growth Fund and Investissement Quebec, backed by the Canadian federal government and Quebec provincial government, respectively. In total, it has raised $297 million. (adriano.marchese@wsj.com)
(END) Dow Jones Newswires
April 10, 2026 08:08 ET (12:08 GMT)
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