A new independent socioeconomic assessment shows that the fully permitted Dumont nickel project in Quebec could deliver more than C$1.1-billion a year to Canada’s real GDP once in full production, significantly advancing the country’s critical minerals and supply-chain goals.

Dumont Nickel, owner of the large undeveloped nickel sulphide deposit, has released findings from a study conducted by Montréal-based consultancy Aviseo Conseil. The firm’s analysis estimates that the project will also contribute over C$530-million a year to Quebec’s economy, driven by upstream and downstream activity.

“These findings highlight the substantial national impact the project will have at full production,” Dumont Nickel president Johnna Muinonen said. “With an expected C$1.1-billion in annual real GDP, the project will support thousands of skilled jobs and provide secure, transparent nickel supply for manufacturers across North America and Europe.”

Located in the Abitibi region near Amos, the shovel-ready operation is expected to lift Canada’s nickel output by about 15%. Dumont is positioned to supply battery and advanced materials manufacturers, as well as defence and aerospace sectors seeking diversified and secure sources of critical minerals.

The mine and concentrator are planned to be built in two construction phases, scheduled for 2026 to 2029 and 2033 to 2035. Over those periods, the project is forecast to require C$1.9-billion in capital investment and contribute more than C$1.5-billion directly to national GDP. Nearly 11 000 jobs are expected to be supported across Canada during construction.

Over a projected 47-year operating life, Aviseo estimates that Dumont will generate more than C$50-billion in cumulative GDP. Yearly spending of about C$665-million is anticipated, most of it in Quebec, with additional economic activity across the rest of the country reflecting the breadth of Canada’s mining supply chain. Federal fiscal revenues are expected to reach about C$179-million a year.

The operation is also expected to sustain about 1 500 direct, indirect and induced jobs during operations, with productivity per job averaging C$1.1-million a year.

Dumont’s potential contribution to supply-chain security has gained international recognition. The European Commission has designated the project as a strategic project under the EU Critical Raw Materials Act, one of only 13 outside the bloc and the sole project in North America to receive that status. The designation underscores the project’s importance in supporting European efforts to diversify mineral supply and reduce dependence on concentrated sources.

Canada currently supplies 46% of US primary nickel imports and 39% of Europe’s, according to recent trade data. Dumont’s new long-life production would reinforce those value chains, supporting the energy transition and strategic sectors while strengthening Canada’s mineral sovereignty.