Quebec mining company aims to lead the way in Canadian self-reliance
BNN Bloomberg
One Quebec-based company is planning to open both a mine and plant to produce the mineral used in sectors like battery manufacturing for electric vehicles, as well as and defence.
One Quebec-based company, coincidentally called Nouveau Monde Graphite, which translates to New World Graphite in English, is planning to open both a mine and plant to produce the mineral used in sectors like battery manufacturing for electric vehicles (EVs), as well as and defence.
“The benefits of our project to Canada, and all the G7 countries, is to have a stable source of this critical mineral, but also at the right price point,” said CEO and founder Eric Desaulniers. “Here in Canada – in Quebec specifically – we can be very competitive in that market.”
For now, Asia dominates the market. To go full steam ahead, the mine must finalize its financing, and that is taking up a lot of Desaulniers’ time now.
Antoine Cloutier is a project geologist with Nouveau Monde Graphite. He says the eureka moment for this project came more than a decade ago during exploration.
“That was pretty much the moment when our metal detectors and all the equipment started beeping through a fairly large area,” he said. “That was the moment when we saw there was truly potential for this to be big.”
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