Business
EDC and CIB extend financing package to Nouveau Monde Graphite
Export Development Canada (EDC) and the Canada Infrastructure Bank (CIB) have executed an agreement with Nouveau Monde Graphite Inc. (NMG) on a senior secured project debt facility of approximately CAD$459 million to support the next phase of the company's Matawinie Mine in Quebec.
About this update from Nouveau Monde Graphite Inc
[{"type":"text","content":"Will help accelerate final investment decision for the Matawinie Mine","length":74,"tagName":"p","attribs":{}},{"type":"text","content":"OTTAWA, ON and MONTREAL, March 17, 2026 /CNW/ - Export Development Canada (EDC) and the Canada Infrastructure Bank (CIB) have executed an agreement with Nouveau Monde Graphite Inc. (NMG) on a senior secured project debt facility of approximately CAD$459 million to support the next phase of the company's Matawinie Mine in Quebec.","length":339,"tagName":"p"},{"type":"image","alt":"Logo of EDC (CNW Group/Export Development Canada)","displaySize":"","headline":null,"caption":"Logo of EDC (CNW Group/Export Development Canada)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":71,"url":"https://media.zenfs.com/en/cnwgroup.com/b3d5033ea3f42b83d0e584b11d493420"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/d1Q6WS3Awe86Q_M6hdcg3w--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTEyNTtjZj13ZWJw/https://media.zenfs.com/en/cnwgroup.com/b3d5033ea3f42b83d0e584b11d493420","width":400,"height":71}},"href":"https://mma.prnewswire.com/media/2935379/Export_Development_Canada_EDC_and_CIB_extend_financing_package_t.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"The Matawinie Mine was referred to the federal Major Projects Office by Prime Minister Carney in November 2025. This nation building project aims to support economic growth, accelerate the development of an integrated value chain in Canada, and help G7 countries and allies secure critical minerals supplies.","length":308,"tagName":"p"},{"type":"text","content":"Once financial close is achieved, the debt facility will enable the development, construction and commissioning of the graphite mine, reinforcing Canada's long term economic resilience in key growth sectors such as energy, defence, advanced technology and manufacturing.","length":279,"tagName":"p"},{"type":"text","content":"EDC and the CIB are well positioned to help bridge project financing gaps, unlock opportunities to develop Canada's critical minerals infrastructure, and accelerate access to critical mineral resources and related supply chains.","length":232,"tagName":"p"},{"type":"text","content":"The project's debt facility is subject to the satisfactory completion of customary conditions and the achievement of fin...