Export Development Canada and Canada Infrastructure Bank Senior Secured Project Debt Commitment for Matawinie (2026)
Nouveau Monde Graphite announced on 26 March 2026 that it had secured a fully committed senior secured project debt commitment letter of US$335 million from Export Development Canada and the Canada Infrastructure Bank for the Phase-2 Matawinie Mine, subject to governmental approvals and appropriations processes and a positive final investment decision. The Prime Minister's 19 May 2026 groundbreaking release describes a $459 million financing package from EDC and the Canada Infrastructure Bank without labelling the currency; both figures are recorded as published and the terms carry the explicitly denominated US$335 million commitment.
Financial state: Conditional commitment
Program: Export Development Canada · Export Development Canada
Primary source: Nouveau Monde Graphite Inc. · published Mar 26, 2026
Terms
| Principal | $335M (fully committed senior secured project debt commitment letter of US$335 million from EDC and CIB as stated by NMG; a commitment, not a drawn amount) |
|---|
Immutable financial events
- Mar 26, 2026 · Conditional commitment
Sources
- Nouveau Monde Graphite Inc. · published Mar 26, 2026 · retrieved Aug 13, 2026 · archive unavailable: Wayback verification blocked by archive.org outage on 2026-08-12; recheck on a weekly pass
- Office of the Prime Minister of Canada · published May 19, 2026 · retrieved Aug 13, 2026 · archive unavailable: Wayback verification blocked by archive.org outage on 2026-08-12; recheck on a weekly pass