Canada begins development of North America’s largest graphite mine

Published: May 14, 2026 18:55

Save

According to Bloomberg on May 13 local time, Canadian mining company Nouveau Monde Graphite is expected to formally approve plans this week at its shareholders’ meeting to develop a graphite mine in Saint-Michel-des-Saints, Quebec, and build concentration and refining facilities. The project aims to start operations by the end of 2028.

At the shareholders’ meeting, a plan to raise a total of USD 645 million in external funding for the project was approved.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

3 hours ago

Tinci Materials Terminates 243,000-tpy Lithium Battery Materials Project

Tinci Materials announced that its subsidiary Nantong Tinci has terminated its planned 243,000-tpy lithium battery and fluorochemical materials project. The company said the decision was driven by an oversupply in the electrolyte industry, intensified market competition, and changes in the fluorochemical market, which weakened the project's expected returns. Tinci has begun evaluating new product plans for its Nantong facility.

3 hours ago

Samsung SDI Secures KRW 2 Trillion Battery Cell Order for AI Data Centers

Samsung SDI has confirmed that it signed a battery cell supply agreement worth approximately KRW 2 trillion with battery module manufacturer Simplo Technology. The company will supply battery cells for battery backup units (BBUs) used in AI data centers, reflecting growing demand driven by increased AI infrastructure investment.

3 hours ago

Tinci Materials to Invest in 250,000 tpy Electrolyte Expansion Project

Tinci Materials announced that it will reallocate approximately RMB406 million of remaining proceeds from a previous fundraising project to support a 250,000 tpy lithium battery electrolyte expansion project. The new project involves a total investment of RMB598 million and is expected to be completed within 18 months, further expanding the company's electrolyte production capacity.

3 hours ago