Major project · Québec
Nouveau Monde Graphite’s Matawinie Mine
Also called Matawinie Mine, NMG, Matawinie Mine project
Proponent: Nouveau Monde Graphite.
Major Projects Office pageWhy it is listed
Federal funding. Federal funding stated: loan
On March 17, 2026, the Canada Infrastructure Bank and Export Development Canada executed an agreement with Nouveau Monde Graphite for a $459 million loan to support the next phase of the Matawinie Mine.Source, read Oct. 3, 2026
ProponentNouveau Monde Graphite is developing an open-pit graphite mine that will be integrated with a planned Battery Material Plant.Source, read Oct. 3, 2026
Status
The MPO is currently monitoring the project’s progress and providing oversight to ensure it stays on track and progresses towards its next milestones.Source, read Oct. 3, 2026
Roadmap
- Done
- Current step
Named strategic project under Critical Minerals Production AllianceDone
Oct. 31, 2025
On October 31, 2025, the project was announced as a strategic project under the Critical Minerals Production Alliance.
Source, read Oct. 3, 2026Referred to Major Projects OfficeDone
13 days after the previous step.
Nov. 13, 2025
On November 13, 2025, the project was referred to the Major Projects Office (MPO).
Source, read Oct. 3, 2026$459 million CIB/EDC loan agreement executedDone
4 months after the previous step.
March 17, 2026
On March 17, 2026, the Canada Infrastructure Bank and Export Development Canada executed an agreement with Nouveau Monde Graphite for a $459 million loan to support the next phase of the Matawinie Mine.
Source, read Oct. 3, 2026Federal graphite offtake term sheetDone
9 days after the previous step.
March 26, 2026
On March 26, 2026, Nouveau Monde Graphite announced an updated binding long-form term sheet with the Government of Canada setting out the principal commercial terms for the supply, storage and resale of graphite concentrate from the Company’s Phase‑2 Matawinie Mine.
Source, read Oct. 3, 2026Final investment decisionDone
Time from the previous step is not stated.
Date not stated
This has helped the company reach a final investment decision less than six months after the project was referred to MPO.
Source, read Oct. 3, 2026Construction startedCurrent step
Time from the previous step is not stated.
May 19, 2026
On May 19, 2026, the Government of Canada and Nouveau Monde Graphite announced that construction has started.
Source, read Oct. 3, 2026
Funding
- $459 million Loan
- $113 million Funding
- $4.4 million Funding
No over-budget estimate. These are the commitments the official pages state. None is an original budget set beside a later cost for the same work.
LoanOn March 17, 2026, the Canada Infrastructure Bank and Export Development Canada executed an agreement with Nouveau Monde Graphite for a $459 million loan to support the next phase of the Matawinie Mine.Source, read Oct. 3, 2026
FundingThis builds on a $113 million strategic commitment from the Canada Growth Fund (CGF)Source, read Oct. 3, 2026
FundingCanada’s new government will provide $4.4 million through Natural Resources Canada’s Energy Innovation Program to deploy an electric-powered Caterpillar 950GC loader at the mineSource, read Oct. 3, 2026
Laws named in the sources
No law is named on the official pages read for this project.
Bills
No bill in the database names this project, or an act it is listed or considered under.
The framework law for the major projects list is below. It does not name this project.
Sources
- Major Projects Office page for this project
- Prime Minister Carney breaks ground on Nouveau Monde Graphite’s Matawinie Mine in Québec – the largest graphite mine in the G7 | Prime Minister of CanadaRead Oct. 3, 2026
- Prime Minister Carney announces second tranche of nation-building projects referred to the Major Projects Office | Prime Minister of CanadaRead Oct. 3, 2026
- Major Projects OfficeThe office list this project is drawn from.