Matawinie Mine
near Montreal, Quebec
prj-ca-nmg-matawinie
What does the record establish?
The backgrounder describes the company's aim of "the largest fully integrated natural graphite production facility in North America"; only the mine is recorded as the project.
Financial standing
3 directly linked instruments. Recorded financial states: Disbursed; Announced; Contracted. A commitment, a payment and a project cost remain separate.
Inspect instruments and termsLegal and policy context
1 parent policy records; 0 project designations. Designation confers standing, not finance. Material and stage overlaps with controls do not establish a restriction on this project.
Read the policy recordsIndustrial evidence
No source-reviewed project milestone is published in this corpus. Financing records may still contain attributed activity reports; this gap does not establish inactivity.
See evidence gapsFinancial evidence and chronology
Each instrument keeps its own financial history. These dates describe financial states, not construction or production. Amounts are the current recorded terms, not historical amounts at every date below.
Equity · Canada Growth Fundmore than $35 million from the Canada Growth Fund · Disbursed · Commitment
- Provider organizations
- Canada Growth Fund
- Recipient
- Nouveau Monde GraphiteNouveau Monde Graphite
- Legal authority as stated
- Not stated in this financial record
Exact status date not stated · Not stated
Named among the investments the Alliance announcement "builds on"; the backgrounder does not state their stage or date.
Natural Resources Canada· Contracted
CGF reports a subscription agreement dated December 16, 2024.
Canada Growth Fund Inc. / SEC· Disbursed
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
No additional structured terms are recorded. See the full instrument for its evidence and qualifications.
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.
Full financial instrument, conditions and field-level evidenceInstrument not specified · Export Development Canadaa letter of interest for up to US$430 million from Export Development Canada · Announced · Non-binding indication
- Provider organizations
- Export Development Canada
- Recipient
- Nouveau Monde GraphiteNouveau Monde Graphite
- Legal authority as stated
- Not stated in this financial record
Exact status date not stated · Announced
A letter of interest, which is not a financing commitment; its date is not stated.
Natural Resources Canada
No additional structured terms are recorded. See the full instrument for its evidence and qualifications.
A letter of interest, recorded as a non-binding indication, not as a commitment: it names an amount but is not a financing commitment, so it is in no sum. A separate Canada Infrastructure Bank letter of interest is named without an amount and is not recorded. Review on 2026-10-02 found a later US$335-million EDC/CIB project-debt commitment letter in the Q2 MD&A. Its different amount, providers and facilities do not establish that this historical US$430-million indication was contracted, paid or formally lapsed. Mine construction does not change its non-binding value role.
Full financial instrument, conditions and field-level evidenceOfftake · Government of CanadaAmount not stated · Contracted · Commitment
- Provider organizations
- Government of Canada
- Recipient
- Nouveau Monde GraphiteNouveau Monde Graphite
- Legal authority as stated
- Not stated in this financial record
· Announced
"offtake arrangements with the Government of Canada, Panasonic (Japan), and Traxys (Luxembourg)"
Natural Resources Canada· Contracted
NMG reports signing the definitive binding offtake and marketing agreements with Canada. No payment or delivery is evidenced by signing.
Nouveau Monde Graphite / SEC
Source-stated terms
- 30,000 tonnes per annum Nouveau Monde Graphite / SEC
Graphite concentrate from the Phase 2 Matawinie Mine under the definitive agreement.
- seven-year period as of the start of commercial production Nouveau Monde Graphite / SEC
The term begins at the start of commercial production, not the agreement signing date; no calendar end date is inferred.
Definitive binding Government of Canada offtake signed May 13, 2026 for 30,000 tonnes per annum over seven years from commercial production. Take-or-pay at a fixed North American market price with an upside-sharing resale mechanism; no numeric price is disclosed. No payment or shipment is inferred. The Panasonic and Traxys offtakes are private and the Government of Japan investment intention is not a commitment; none is recorded as a row.
Full financial instrument, conditions and field-level evidenceCapital stack
One layer per value role. Only committed public money, and joint-vehicle money apart from it, is summed, per currency; everything else is listed. There is no total across layers.
1 non-binding indication is a letter of intent or interest, possible support and not a commitment, and is not counted as backing; one that became binding would be recorded as a commitment.
Public commitments
2 rows · summed per currencyCommitted to a recipient by a government or public enterprise, at the status each row states. A contracted, partially disbursed or disbursed row is binding because an agreement is executed; payment is tracked separately by status. A contracted row need not mean funds are obligated or paid, and a partially disbursed row is not fully paid. Summed per currency and per instrument, never across either; a part is never added to its package.
CAD
Equity1 row
Binding
- At least
- 35 million
1 counted
1 row states no amount and is listed, not valued.
Nouveau Monde Graphite
at leastCAD35 millionCanada unlocks 26 new investments and partnerships with 9 allied countries to secure critical minerals supply chains (G7 Critical Minerals Production Alliance, first round)
Nouveau Monde Graphite
No amount statedMatawinie Mine
Non-binding indications
1 row · listed, not summedNon-binding letters of intent or interest that name an amount. Listed, never summed: an indication is possible support, not a commitment, capital or a backer.
Source-reviewed industrial observations
No source-reviewed project milestone is published for this undertaking. Any financing-row activity reports below remain attributed observations, not independently reviewed project milestones. Missing evidence does not establish inactivity.
Policy context
These records directly parent the project's finance or designation entries. Their presence does not establish a causal effect on industrial activity.
31 Oct 2025 · Active
Canada unlocks 26 new investments and partnerships with 9 allied countries to secure critical minerals supply chains (G7 Critical Minerals Production Alliance, first round)
Natural Resources Canada
Control clauses on the same materials and stages
Clauses whose covered items share a material and a supply-chain stage with this project, with their legal status on 3 Nov 2026. An overlap of items, not a finding that the project is affected.
Record
- Sponsors
- Nouveau Monde GraphiteCompany
- Location
- near Montreal, QuebecCA
- Stages
- Mining
- Materials
- GraphiteTracked materials only
- Programmes
- None recorded
- Latest financing-row activity report
- Construction13 Apr 2026Nouveau Monde Graphite / SEC
What remains unknown
Gaps describe the available SMPT record. They do not establish that an activity did not occur.
- No project-native source-reviewed industrial milestone is published. Attributed activity in financing histories remains a separate evidence class; no exact milestone date or facility-wide conclusion is inferred.
- Some directly linked instruments have no stated amount. A missing value is not zero.
- Historical amount review is incomplete. Current amounts cannot be read as a time series of earlier commitments.
- Structural links and shared materials do not demonstrate that a government measure caused an industrial outcome.
Evidence
Every project fact names the source that states it.
Natural Resources Canada
- Fields supported
- Name · Sponsors · Materials · Location · Supply-chain stages
- Evidence level
- Explicit
- Location in document
- First paragraph of the list
| Source | Fields supported | Evidence level | Location |
|---|---|---|---|
| Backgrounder: Canada unlocks 26 new investments and partnerships with 9 allied countries to secure critical minerals supply chains Natural Resources Canada · Source dossier |
| Explicit | First paragraph of the list |
For citations, open a parent policy record for BibTeX, RIS and CSL formats. Cite original documents for claims about government action.
Project registry JSON with sources · Full dataset and download guide