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Canadian Miner to Start Graphite Project in Challenge to China Dominance
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A worker holds different grades of graphite at a Nouveau Monde Graphite facility in Saint-Michel-des-Saints, Quebec.Photographer: Christinne Muschi/Bloomberg FacebookXLinkedInEmailLinkGiftGift this articleContact us:Provide news feedback or report an errorConfidential tip?Send a tip to our reportersSite feedback:Take our SurveyNew WindowFacebookXLinkedInEmailLinkGiftBy Mathieu DionMay 13, 2026 at 7:45 PM UTCBookmarkSave
Nouveau Monde Graphite Inc. expects to formally green-light plans this week to build one of North America’s few graphite projects, as countries seek to weaken China’s dominance over the critical mineral.
A previously announced financing package of about $645 million in gross proceeds was backed by shareholders Wednesday. The money is to be used to develop a graphite mine in Saint-Michel-des-Saints, Quebec, about 100 miles north of Montreal, and to build a concentrator nearby.
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