Nouveau Monde Graphite set to green-light Quebec mine

Nouveau Monde Graphite Inc.Asian Metal Copyright is expected to formally approve construction of one of North America's few graphite projects this week.Asian Metal Copyright is expected to formally approve construction of one of North America's few graphite projects this week.Asian Metal Copyright The Bécancour site is already home to EV battery-component plants being built by General Motors and Nemaska Lithium Inc.Asian Metal Copyright Shareholders on May 13, 2026 backed a previously announced financing package of roughly US$645 million in gross proceeds, which will fund development of a graphite mine in Saint-Michel-des-Saints, Quebec and a nearby concentrator.Asian Metal Copyright The plans also include a refining facility in Bécancour, Quebec, to produce 13,000 metric tons per year of active anode material, a key component that makes up about half of an electric vehicle battery.Asian Metal Copyright A construction team is already on site, and more than half of the project's capital costs are secured under contract, according to the company.Asian Metal Copyright Total costs are estimated at around US$474 million, with commissioning targeted by the end of 2028.Asian Metal Copyright Total costs are estimated at around US$474 million, with commissioning targeted by the end of 2028.Asian Metal Copyright The plans also include a refining facility in Bécancour, Quebec, to produce 13,000 metric tons per year of active anode material, a key component that makes up about half of an electric vehicle battery.Asian Metal Copyright The plans also include a refining facility in Bécancour, Quebec, to produce 13,000 metric tons per year of active anode material, a key component that makes up about half of an electric vehicle battery.Asian Metal Copyright The plans also include a refining facility in Bécancour, Quebec, to produce 13,000 metric tons per year of active anode material, a key component that makes up about half of an electric vehicle battery.Asian Metal Copyright The Bécancour site is already home to EV battery-component plants being built by General Motors and Nemaska Lithium Inc.Asian Metal Copyright The plans also include a refining facility in Bécancour, Quebec, to produce 13,000 metric tons per year of active anode material, a key component that makes up about half of an electric vehicle battery.Asian Metal Copyright, the latter backed by Rio Tinto.Asian Metal Copyright The plans also include a refining facility in Bécancour, Quebec, to produce 13,000 metric tons per year of active anode material, a key component that makes up about half of an electric vehicle battery.Asian Metal Copyright Eni has also signed a letter of intent for a potential offtake of graphite concentrate or active anode material from the facility.
.Asian Metal Copyright A construction team is already on site, and more than half of the project's capital costs are secured under contract, according to the companyAsian Metal Copyright