Canada begins development of North America’s largest graphite mine

Published: May 14, 2026 18:55

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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.

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