capital · May 22, 2026
Nouveau Monde Graphite Receives $85 Million Equity Investment from Investissement Québec
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Nouveau Monde Graphite announced an $85 million equity investment from CRNE (Investissement Québec) tied to the May 19 2026 Matawinie groundbreaking ceremony attended by Quebec Minister Bernard Drainville. The funding supports advancement of the integrated graphite platform including Phase 2 construction at the Matawinie mine and downstream processing facilities in Bécancour. NMG CEO Eric Desaulniers provided insights via CBC News on graphite opportunities and Matawinie significance for Western supply chains amid accelerating EV and critical minerals demand. The company positions Québec graphite as a real project with execution underway positioning it as a credible long-term partner. Earlier May 15 2026 financing package included Canada Growth Fund, Investissement Québec and ENI S.p.A. confirming final investment decision for Phase-2 Matawinie.