Nouveau Monde Graphite keeps Matawinie mine construction on schedule, within budget
NMG•NMG•NMG•NMG•Nouveau Monde Graphite said Matawinie mine construction remained on schedule and within budget in the third quarter of 2026, with C$67 million in expenditures by September 30. Québec granted the mining lease in October, and the company expects senior debt financial close in the coming weeks.
Nouveau Monde Graphite said construction of its Matawinie mine remained on schedule and within budget in the third quarter of 2026. Project expenditures reached C$67 million by September 30, and the company expects financial close of senior debt facilities in the coming weeks.
Québec granted the mine’s mining lease in October, giving the company the right to mine the graphite deposit. Nouveau Monde Graphite is targeting a final investment decision in the coming months for its 13,000-tonne-per-year Bécancour Battery Material Plant. Panasonic Energy reiterated its intent to support the plant, potentially through an equity investment at the final investment decision.
