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CACanadaCanada Growth Fund

Nouveau Monde Graphite

CommitmentEquityPublic enterpriseDisbursed

fin-ca-g7-2025-nmg-canada-growth-fund

Reading this record

What the evidence says — and does not say

What kind of figure?
CommitmentMoney, or a money-like promise, committed to a named recipient or project. The only role ever summed.
What has happened legally?
DisbursedThe money has been paid out.
Has money been paid?
Follow the payment evidenceThe source-linked current status records disbursement. Check the cited history for amount, timing and scope; it does not establish physical construction.
What does it link to?
Project attributionOne registered project is linked directly to this row. The link alone does not prove the amount was paid or that the project advanced.

This is a commitment role, but the financial status still determines legal standing and payment. Funding and verified industrial outcomes remain separate. A financial record alone never independently verifies construction, commissioning or production. Read SMPT's counting and evidence rules.

Amount

at leastCAD35 million

As stated “more than $35 million from the Canada Growth Fund”

CAD 35,000,000 · At least · Currency read from the issuing government

Record

Provider
Canada Growth FundCanada Growth FundPublic financier
Legal authority
Not stated
Programme
None named
Recipient
Nouveau Monde GraphiteNouveau Monde GraphiteCompany
Project
Matawinie Mine capital stack →
Facility
Not stated
Location
Not stated
Stages
MiningSingle stage
Materials
GraphiteTracked materials only

Status

Financial and physical progress are separate histories. The last entry is current.

Financial

  1. Not stated

    Named among the investments the Alliance announcement "builds on"; the backgrounder does not state their stage or date.

    Natural Resources Canada

  2. Contracted

    CGF reports a subscription agreement dated December 16, 2024.

    Canada Growth Fund Inc. / SEC

  3. Disbursedcurrent

    CGF reports purchasing NMG shares and warrants for US$25 million in the private placement on December 20, 2024. This is the original investment, not the additional 2026 equity round.

    Canada Growth Fund Inc. / SEC

Implementation

  1. Constructioncurrent

    NMG dates the start of Phase 2 Matawinie Mine construction to April 13, 2026 and reports ongoing civil works. This physical milestone is separate from the May 15 FID and May 19 ceremony; it does not state production or financing disbursement.

    Nouveau Monde Graphite / SEC

Notes

Earlier CGF equity investment cited by the Alliance backgrounder; now identified and dated from the investor filing. The original more-than-C$35-million amount remains as stated by NRCan. The separate 2026 CGF equity investment is additional capital and is not substituted into this row. The existing Matawinie link does not allocate all corporate investment proceeds exclusively to the mine.

Evidence

Every populated field names the source that states it, how directly, and where.

  1. Backgrounder: Canada unlocks 26 new investments and partnerships with 9 allied countries to secure critical minerals supply chains

    Natural Resources Canada

    Fields supported
    Value role · Capital source · Amount · Provider · Recipient · Status · Project · Materials
    Evidence level
    Explicit
    Location in document
    First paragraph of the list
    View source dossier →

  2. Backgrounder: Canada unlocks 26 new investments and partnerships with 9 allied countries to secure critical minerals supply chains

    Natural Resources Canada

    Fields supported
    Supply-chain stages
    Evidence level
    Ambiguous
    Location in document
    First paragraph of the list
    Qualification
    The investment supports the company's mine-to-anode plan; coded to the mine it names.
    View source dossier →

  3. Schedule 13D: Nouveau Monde Graphite Inc. — Canada Growth Fund Inc.

    Canada Growth Fund Inc. / SEC

    Fields supported
    Instrument · Provider · Recipient · Status
    Evidence level
    Explicit
    Location in document
    Schedule 13D, Items 3 and 4
    Qualification
    CGF reports a cash-funded share-and-warrant purchase, the subscription agreement date and the completed private placement.
    View source dossier →

  4. Prime Minister Carney breaks ground on Nouveau Monde Graphite’s Matawinie Mine

    Prime Minister of Canada

    Fields supported
    Amount · Provider · Recipient
    Evidence level
    Explicit
    Location in document
    Quick facts: previous Canada Growth Fund investment
    Qualification
    Identifies the earlier December 2024 CGF investment as C$35.6 million, distinct from the additional 2026 investment. The original NRCan lower-bound CAD amount is retained; no currency conversion is made.
    View source dossier →

  5. Management Discussion & Analysis for the six-month period ended June 30, 2026

    Nouveau Monde Graphite / SEC

    Fields supported
    Project · Status
    Evidence level
    Explicit
    Location in document
    Matawinie Mine Project (Phase 2), pages 9–10
    Qualification
    NMG reports construction began April 13, 2026. Applies to the Phase 2 mine only; demonstration-plant activity and the separately financed Bécancour plant are not mine commercial operation.
    View source dossier →