DUMONT

Dumont Nickel is a large-scale, substantially de-risked nickel project that is ready to advance. Located 25 km west of Amos, between the municipalities of Launay and Trécesson, in the heart of the Abitibi-Témiscamingue mining region, the project benefits from a strategic location and a supportive development environment.

Dumont contains 1.62 billion tonnes of measured and indicated mineral resources, including 1.023 billion tonnes of mineral reserves grading 0.27% nickel. In 2023, the deposit was also ranked among the five leading deposits with the potential to contribute to future global nickel supply.

At full capacity, Dumont is expected to produce 25,000 tonnes of nickel annually over a projected mine life of approximately 50 years, providing a major and reliable new Canadian source for North American and allied supply chains. This output would be equivalent to approximately 18% of Canada’s current nickel production and would help meet future demand from the electric vehicle, defence, aerospace and high-performance alloy sectors.

The project also benefits from established infrastructure, including road and rail networks and access to Quebec hydropower.

Major Economic Benefits for Quebec and Canada

The investment program associated with Phase 1 construction is estimated at C$1.2 billion. At full capacity, Dumont is expected to support 1,239 direct and indirect jobs annually in Quebec, including 348 direct jobs at the mine site. The construction and expansion phases are also expected to support approximately 9,200 person-years of employment.

Including Dumont’s activities, its suppliers, Canadian smelters and their value chains, the project’s total economic contribution is estimated at approximately C$1.1 billion in annual value added in Canada, including C$440 million annually in Abitibi-Témiscamingue. The project would also generate approximately C$160 million annually in combined tax and parafiscal revenues for the governments of Quebec and Canada.