Nouveau Monde Graphite Inc (NMG) Stock Score, Valuation & Financial Research

Nouveau Monde Graphite Inc is in the Basic Materials sector and Industrial Materials industry. It is reviewed using Wall Street Score's company-strength, valuation, growth and financial-health framework. A complete Wall Street Score is not currently available.

Quick answer for NMG

Nouveau Monde Graphite Inc does not currently have a complete Wall Street Score. The stored market price is USD 1.07. These figures are a research snapshot, not a buy or sell recommendation.

What Nouveau Monde Graphite Inc does

Nouveau Monde Graphite Inc. (NMG) is a Canadian enterprise primarily focused on the acquisition, investigation, growth, and assessment of mineral resources within Canada. The company's main exploratory efforts are directed towards unearthing graphite. A significant asset for the firm is its flagship Matawinie property, an expansive site encompassing 392 mining claims across 21,750 hectares, strategically located just north of Montreal, Quebec. Beyond its core mineral operations, the company also engages in real estate and commercial trading. Established in 2011, the organization operated under the name Nouveau Monde Mining Enterprises Inc. until February 2017, when it adopted its current designation. Its principal office is situated in Saint-Michel-des-Saints, Canada.

Company business and revenue

Research reporting period: 2025-12-31. A research update is not a new financial filing.

How the company makes money

Nouveau Monde Graphite is an integrated company currently in the development stage, focusing on the exploration, evaluation, and development of mineral properties to produce carbon-neutral advanced graphite materials. The company generates no commercial revenue from operations as it is currently building its mining and processing infrastructure to supply the battery and electric vehicle markets.

Products and services

  • The company is developing a portfolio of graphite products including natural flake graphite, graphite concentrate, active anode material, and micronized graphite for lithium-ion batteries and energy storage systems.

Customer types

Battery manufacturers; Electric vehicle manufacturers; Specialty graphite markets.

Business strengths to evaluate

  • Integrated ore-to-battery-material supply chain strategy Source
  • Focus on carbon-neutral production Source

Business risks and research considerations

  • History of operating losses and accumulated deficit Source
  • Requirement for significant additional financing to reach commercial production Source
  • Development and execution risks associated with mining and processing facilities Source

Sources: Company research source

Company research refreshed 2026-10-12. This is saved research, not a live check of company relationships. Check the reporting period and source disclosures. Financial figures and scores follow their separate update schedules.

NMG financial snapshot

Statement amounts: USD. Quote amounts: USD. No exchange-rate conversion is performed in this snapshot. Market-capitalization currency is not supplied by this projection.

Wall Street Score:
Not currently available
Stored price:
USD 1.07
Market capitalization:
352.15M (currency not supplied)
Revenue:
USD 0.00
Net income:
USD -46.88M
Free cash flow:
USD -41.06M
Cash:
USD 323.96M
Total debt:
USD 13.86M
EPS:
USD -0.14

What stands out

  • Free cash flow is USD -41.06M, negative for the stored period.
  • The balance sheet shows USD 323.96M of cash versus USD 13.86M of total debt, an excess of cash over debt on these two reported measures.
  • The current research record carries a fundamental change risk warning, which should be reviewed alongside the score.

Company-specific financial comparisons

The following are calculated from saved company data, not forecasts or statements about future performance. Differences in reporting dates or units can make a ratio misleading; verify the original filings.

  • Cash exceeds debt by USD 310.1M using the stored balance-sheet values. This does not include other obligations or restricted cash.

Questions worth answering for NMG

Use these questions to check the stored figures against the latest company filings. They identify issues to investigate; they are not findings about management's plans or future results.

  • How long can NMG fund negative free cash flow using its current cash position before it may need more debt or new shares?
  • How is NMG likely to use its cash advantage: reinvestment, acquisitions, debt reduction, dividends or buybacks?
  • What specifically needs to improve for NMG to reach sustainable profitability?
  • What does the current fundamental change risk warning mean for the reliability or interpretation of NMG's score?

What the numbers mean

A complete valuation score is not currently available, so valuation should be checked using the available earnings, cash-flow and price data.

A complete financial score is not currently available, so investors should review cash, debt, earnings and cash flow directly.

A strong company and an attractive stock price are not always the same thing. Revenue, earnings, free cash flow, debt, management quality, competitive advantage and valuation should be considered together. Wall Street Score organizes these inputs into a consistent research framework so investors can identify what deserves deeper review.

Data freshness: Financial data last refreshed 2026-10-08.

Research-input completeness: 73% of the scoring inputs required for this public page are currently available.

How to research NMG

Start by understanding how the company makes money. Then compare revenue and earnings trends, cash generation, debt, liquidity and valuation. Review the company's latest filings and earnings reports before acting on any score or model estimate.

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Data may change as company filings and market prices update. Educational research only; not a buy or sell recommendation.