Nouveau Monde Graphite Inc. (NMG) announced that its Phase‑2 Matawinie Mine has been designated a Major Project of National Interest by the Government of Canada, a status confirmed by the Honourable Dominic LeBlanc, President of the King’s Privy Council, on November 14, 2025.
The designation places the mine in a priority framework that can accelerate permitting, streamline regulatory approvals, and potentially unlock access to federal funding and incentives. It also signals strong governmental support for NMG’s plan to build one of the largest integrated natural graphite production facilities in the G7, aligning with Canada’s critical‑minerals strategy to secure a domestic supply chain for electric‑vehicle battery materials.
NMG’s Q3 2025 earnings, released on November 12, 2025, showed an earnings‑per‑share of –$0.06 versus consensus expectations of –$0.07, a beat of $0.01. The company reported a net loss of $76.7 million, a sharp increase from the $8.1 million loss in the same quarter a year earlier, driven by higher project‑related expenses and increased financial costs. The earnings beat reflects modest improvement in operating performance despite the higher costs, while the larger loss underscores the company’s ongoing need for substantial financing.
Construction of the Matawinie Mine is slated to begin in the first quarter of 2026, with production expected by mid‑2028. The project is projected to create more than 1,000 new jobs and attract $1.8 billion in investment. It will integrate with NMG’s Bécancour Battery Material Plant to create a complete domestic value chain for battery‑grade graphite in Quebec, and the company has emphasized that the development will be carried out with respect for environmental standards and in partnership with Indigenous communities, including the Atikamkew First Nation.
Following the earnings release, unusual call‑option trading activity was observed for NMG on November 13, 2025, indicating heightened investor interest. While analysts have expressed mixed views, the market reaction highlights the importance of the Major Project designation as a de‑risking factor that could support future financing and de‑compress the company’s capital needs.
Eric Desaulniers, Founder, President, and CEO of NMG, said the recognition will support the company in taking the final step toward financing commercial facilities that serve the economies of Canada and allied countries. He added that the designation “reinforces our commitment to building a secure, domestic supply chain for critical battery materials” and signals confidence in the project’s long‑term viability.
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