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by Will Purcell

The critical and specialty minerals stocks box score was a horrid 41-132-137 on Wednesday as the TSX Venture Exchange slid 35 points to 976. Eric Desaulniers's Nouveau Monde Graphite Inc. (NOU) was among those in decline, as it fell 15 cents to $3.06 on 831,000 shares.

The company has received commitments for $335-million in financing from what it calls two "leading Canadian public finance institutions, Export Development Canada and Canada Infrastructure Bank" -- taxpayers, in other words. The cash, say the bureaucrats-turned-bankers and the company, is for the "establishment of what is projected to be the largest graphite mine of the G7 to serve tomorrow's industries in energy, advanced technology and manufacturing."

We did warn you they were bureaucrats, and if you were wondering about their motivation, look no further than the obligatory quotes. Fortunately, Mr. Desaulniers, Nouveau Monde's founder, president and chief executive officer, won the dash to the podium, lest the others put you to sleep. He deemed the deal "a defining milestone for the Matawinie mine," a commitment that "reflects the depth of Canadian public finance expertise behind large, strategic infrastructure and critical minerals developments [and] validates the bankability of our project."

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