# Italian energy giant Eni SpA E-N is taking a minority stake in Canadian graphite producer Nouveau Monde Graphite Inc.

*business · news · 2026-04-10 · The Globe and Mail*

## Key points

- Eni SpA is acquiring an 11.5% stake in Nouveau Monde Graphite for US$70 million.
- Eni will gain a board seat and is negotiating a future graphite supply agreement with Nouveau Monde.
- Nouveau Monde's US$297-million capital raise includes major investments from the Canada Growth Fund and Quebec government.
- Combined new financing and existing debt should fully fund construction of the Matawinie graphite mine.
- A final investment decision on the Matawinie mine is expected in May, with operations targeted for 2028.

**Companies:** Eni SpA, Nouveau Monde Graphite Inc.
**Countries:** Canada, Italy

[Read the full story on The Globe and Mail](https://www.theglobeandmail.com/business/article-italy-eni-stake-nouveau-monde-graphite/)

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