In 2015, Nouveau Monde Graphite discovered a high quality graphite deposit on its Matawinie property located in Saint-Michel-des-Saints, 150 km north of Montreal, Quebec. This discovery led to the results of a feasibility study announced on October 25, 2018. The feasibility study demonstrated the high profitability of the project with a projected production of 100,000 tonnes per year of graphite concentrate over a period 25.5 years.