The Globe and Mail reports in its Tuesday, Nov. 18, edition that National Bank Financial analyst Mohamed Sidibe is sticking with his "outperform" call on Nouveau Monde Graphite. The Globe's David Leeder writes in the Eye On Equities column that Mr. Sidibe gave his share target a 25-cent boost to $5.25. Analysts on average target the shares at $5.85. Mr. Sidibe tweaked his share target ahead after Nouveau Monde's Matawinie mine and Becancour Battery Material plant were added to the second tranche of projects to be referred to the Major Projects Office by the federal government. Mr. Sidibe says in a note: "Final steps will now require Nouveau Monde to finalize its signed offtake agreements, confirm the support of its strategic investors and targeted lenders toward project financing prior to proceeding to FID for both the mine and plant or sequentially with the mine first followed by the plant. We currently model a start of construction in mid-2026 with financing requirements of $1.1-billion funded in a 60:40 debt to equity ratio. We view this update as a positive for Nouveau Monde with government support improving odds of the project becoming reality."