Strengthening the North American Graphite Provide Chain

+ NMG’s management group to have interaction with {the marketplace} and funding group through upcoming participation at BMO International Metals, Mining & Important Minerals Convention, PDAC 2023 Conference and the Annual ROTH Convention.

+ Jean Cayouette appointed as Vice President, Metallurgy & Course of, complementing NMG’s technical group with over 30 years of expertise within the mining business taking care of the design, start-up, and optimization of assorted mineral processing vegetation.

Following the publishing of results on January 10, 2023 , Nouveau Monde Graphite Inc. (“NMG” or the “Firm”) ( NYSE: NMG , TSX.V: NOU ) has filed the preliminary financial evaluation (“PEA”) for the Uatnan mining venture (the “Uatnan Mining Challenge”) positioned in Québec, Canada, with the securities commissions and regulatory authorities in Canada and the U.S. The PEA, carried out by engineering companies BBA Inc. (“BBA”) and GoldMinds Geoservices Inc. (“GMG”) based on Nationwide Instrument 43-101 Requirements of Disclosure for Mineral Tasks (“NI 43-101”), was carried out in collaboration with Mason Graphite Inc. (“Mason Graphite”) (TSX.V: LLG, OTCQX: MGPHF) because the Uatnan Mining Challenge leverages the Lac Guéret deposit wholly-owned by Mason Graphite and topic to an investment agreement and option and joint venture agreement with NMG .

The PEA reveals robust economics for NMG’s up to date operational parameters and manufacturing volumes concentrating on the manufacturing of roughly 500,000 tonnes of graphite focus every year over a 24-year lifetime of mine (“LOM”). The proposed Uatnan Mining Challenge is at present one of many largest projected pure graphite productions being developed on this planet. Per NMG’s vertical integration technique, the Uatnan Mining Challenge’s contemplated manufacturing would function feedstock for battery supplies superior manufacturing, offering refining enlargement alternative, rising potential margins, and enhancing the Firm’s development profile.

In at present’s dynamic market, the Uatnan Mining Challenge aligns with NMG’s industrial engagement amidst electrical automobile (“EV”) adoption reaching unprecedented ranges with 10.3 million automobiles bought in 2022 (Rho Movement, February 2023). With 7,940 GWh of world lithium-ion battery manufacturing capability projected by 2030, demand for superior supplies is about to extend as much as fivefold, with graphite outpacing the opposite battery metals (Benchmark, January 2023) at 10,363,000 tonnes every year for that market phase alone.

Arne H Frandsen, Chair of NMG, declared: “The market is actively trying to find different sources of graphite, in important volumes, to scale back its dependence on Chinese language-controlled provide chains. NMG’s built-in working mannequin, from ore to battery supplies, caters to western world’s EV and battery producers with a turnkey, scalable, and ESG-driven manufacturing. The Uatnan Mining Challenge suits completely into the Firm’s improvement plan, offering a big useful resource to enhance our Section-2 Matawinie Mine and Bécancour Battery Materials Plant. Now greater than ever, NMG is demonstrating its management in striving to determine North America’s largest pure graphite manufacturing to serve the vitality transition.”

PEA Outcomes: The Potential of the Uatnan Mining Challenge

NMG and its consultants revisited the basics for the property improvement with a view to aligning the Uatnan Mining Challenge with at present’s market alternative. Design of the Uatnan Mining Challenge has been tailor-made to the wants of the battery and EV market, orienting manufacturing volumes for beneficiation in an effort to produce energetic anode materials.

The Uatnan Mining Challenge optimizes the Mineral Sources (see Desk 2) and goals to develop the unique mining venture tenfold by concentrating on the manufacturing of roughly 500,000 tonnes of graphite focus every year. It will be operated as a traditional open pit with a concentrator close to the deposit. In step with NMG’s accountable mining strategy, plans embrace concerns for prime requirements in time period of tailings administration, progressive website closure with backfilling of the pit and a transition to fleet electrification. Québec’s reasonably priced clear hydropower underpins the Uatnan Mining Challenge’s financial construction and helps NMG’s undeterred carbon-neutrality dedication.

Cautionary Observe: Graphite is expressed in graphitic carbon (“Cg”). The PEA is preliminary in nature and consists of Inferred Mineral Sources, thought of too speculative geologically to have the financial concerns utilized to them that may allow them to be categorized as Mineral Reserves, and there’s no certainty that the PEA shall be realized. Mineral assets that aren’t mineral reserves haven’t demonstrated financial viability. Extra trenching and/or drilling shall be required to transform inferred mineral assets to indicated or measured mineral assets. There isn’t a certainty that the assets improvement, manufacturing, and financial forecasts on which this PEA relies shall be realized.

Notes :

1. The Mineral Sources offered on this desk had been estimated by M. Rachidi P.Geo., and C. Duplessis, Eng., (QPs) of GoldMinds Geoservices Inc., utilizing present Canadian Institute of Mining, Metallurgy and Petroleum (CIM) Requirements on Mineral Sources and Reserves, Definitions and Tips.
2. Mineral Sources which aren’t Mineral Reserves don’t have demonstrated financial viability. The estimate of Mineral Sources could also be materially affected by environmental, allowing, authorized, title, market or different related points. The amount and grade of reported Inferred Mineral Sources are unsure in nature and there has not been ample work to outline these Inferred Mineral Sources as indicated or Measured Mineral Sources. There isn’t a certainty that any a part of a Mineral Useful resource will ever be transformed into Mineral Reserves.
3. The Mineral Sources offered right here had been estimated with a block measurement of 3mE x 3mN x 3mZ. The blocks had been interpolated from equal-length composites (3 m) calculated from the mineralized intervals.
4. The Mineral Useful resource estimate was accomplished utilizing the inverse distance to the sq. methodology using three runs. For run 1, the variety of composites was restricted to 10 with a most of two composites from the identical drillhole. For runs two and three the variety of composites was restricted to 10 with a most of 1 composite from the identical drillhole.
5. The Measured Mineral Sources labeled utilizing a minimal of 4 drillholes. Indicated assets labeled utilizing a minimal of two drillholes. The Inferred Mineral Sources had been labeled by a minimal of 1 drillholes.
6. Tonnage estimates are primarily based on a hard and fast density of two.9 t/m ³ .
7. A pit shell to constrain the Mineral Sources was developed utilizing the parameters offered within the PEA. The efficient date of the present Mineral Sources is January 10, 2023.
8. Mineral Sources are acknowledged at a cut-off grade of 5.75% C(g).

Estimates at present being on the market’s peak as influenced by inflationary tendencies, NMG and its consulting companies have refined design, engineering, and development parameters to allow value optimization and aggressive pricing.

All prices are in Canadian {dollars} excluding the graphite sale worth which is offered in US {dollars}.

The PEA reveals that the Uatnan Mining Challenge is technically possible in addition to economically viable. With pure flake graphite anticipated to enter a structural deficit in 2023 as a result of continued development of the lithium-ion battery sector (Benchmark Mineral Intelligence, December 2022), market views and NMG’s energetic industrial discussions point out favorable circumstances for commercializing the Uatnan Mining Challenge manufacturing.

On the premise of those constructive outcomes, NMG intends to launch an up to date feasibility research in compliance with the option and joint venture agreement signed with Mason Graphite .

NMG is dedicated to extending its strategy of open and proactive engagement with Indigenous Peoples and native stakeholders to the Uatnan Mining Challenge. The Firm plans to keep up a clear dialogue with the Innu First Nation of Pessamit because it advances the venture improvement to make sure the respect of their rights, their tradition, lifestyle and spirituality, the inclusion of their perspective and conventional data, in addition to the safety of the surroundings. NMG additionally pledges to develop its relationships with stakeholders from all horizons to foster mechanisms for collaboration and form a venture producing shared worth.

The PEA entitled “NI 43-101 Technical Report – PEA Report for the Uatnan Mining Challenge”, with an efficient date of January 10, 2023, was filed on SEDAR at www.sedar.com , on EDGAR at www.sec.gov and on NMG’s website . PEA outcomes as outlined on this press launch had been issued on January 10, 2023.

Scientific and technical info offered on this press launch was reviewed and accredited by André Allaire, P.Eng. (BBA), Jeffrey Cassoff, P.Eng. (BBA), Vera Gella, P.Eng. (BBA), Claude Duplessis, P.Eng. (GoldMinds Geoservices), and Merouane Rachidi, P.Geo. (GoldMinds Geoservices) Certified Individuals as outlined underneath NI 43-101.

Jean Cayouette

NMG appointed earlier this month Mr. Jean Cayouette, Eng., Vice President, Metallurgy and Course of in alternative of Alain Dorval, who not too long ago retired. A graduate of Laval College in mining and metallurgical engineering, Mr. Cayouette has over 30 years of expertise within the mining business. The design, start-up and optimization of assorted mineral processing vegetation have contributed to his technical and administration expertise within the fields of metallurgy, operations, upkeep, and surroundings. He’s an completed company chief in operational optimization, mine website reclamation in addition to sustainable improvement initiatives.

Eric Desaulniers, Founder, President and CEO of NMG, added: “The Uatnan PEA outcomes are extraordinarily constructive for our shareholders, our potential clients and stakeholders within the Manicouagan area. NMG is now shifting gears because it progresses quickly on a multi-lane expressway, advancing all three phases of its enterprise technique concurrently to seize a historic market alternative. Bringing on experience and depth resembling Jean’s gives our technical groups with strong backup emigrate Section 1 operations into Section 2 industrial manufacturing, whereas informing the subsequent levels of improvement for the Uatnan Mining Challenge. I am delighted to see one other proficient chief becoming a member of Crew Nouveau Monde in our quest to drive sustainability into the battery/EV area. Bienvenue Jean! Pleased retirement Alain!”

NMG Engagement with the Market and Funding Sector

Important minerals, the vitality transition and NMG’s sturdy enterprise technique are gaining consideration each within the market and inside funding circles. The Firm’s management group is taking part in BMO International Metals, Mining & Important Minerals Convention till March 1, 2023, to place NMG’s enticing built-in manufacturing mannequin and related alternatives.

Executives will be a part of some 30,000 attendees at PDAC 2023 Conference in Toronto, Canada, from March 5 to eight, 2023, a world-renowned mineral exploration and mining occasion. NMG leaders shall be at sales space IE2830 and interact in various particular occasions. Eric Desaulniers, President & CEO, may even current on the Important Metals: Battery Supplies Processing session on Tuesday, March 7, 2023, at 3:40 p.m.

And from March 12-14, 2023, NMG representatives will take part within the thirty fifth Annual ROTH Convention in California, an occasion devoted to focused development firms.

About Nouveau Monde Graphite

Nouveau Monde Graphite is striving to grow to be a key contributor to the sustainable vitality revolution. The Firm is working in direction of growing a completely built-in supply of carbon-neutral battery anode materials in Québec, Canada for the rising lithium-ion and gas cell markets. With low-cost operations and enviable ESG requirements, NMG aspires to grow to be a strategic provider to the world’s main battery and car producers, offering high-performing and dependable superior supplies whereas selling sustainability and provide chain traceability. www.NMG.com

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Cautionary Observe

All statements, aside from statements of historic truth, contained on this press launch together with, however not restricted to these describing the impression of the foregoing on the Uatnan Mining Challenge economics, PEA outcomes (as such outcomes are set out within the varied tables featured above, and are commented within the textual content of this press launch), together with CAPEX, OPEX, NPV and IRR, the estimated worth of the Uatnan Mining Challenge, operations improvement eventualities for the Uatnan Mining Challenge, industrial and technical parameters, the enticing economics for the Uatnan Mining Challenge, LOM plans, the Firm’s supposed advertising technique, market tendencies, future graphite costs, the impression of the Uatnan Mining Challenge on the native communities, together with job creation, the projected annual manufacturing of the Firm’s Section-3 operations, the anticipated electrification technique and its supposed outcomes and advantages, the potential outcomes and advantages of the Firm’s proprietary applied sciences, the timelines and prices associated to the assorted initiatives, deliverables and milestones described on this press launch and their anticipated outcomes, the Firm’s anticipated monetary and operational efficiency, the character of relationships with stakeholders resembling the area people together with the Innu First Nation of Pessamit, future demand for batteries and EVs, the target of growing one of many largest absolutely built-in pure graphite operations within the World, the manufacturing of carbon-neutral anode materials, Mineral Useful resource estimates (together with assumptions and estimates utilized in getting ready the Mineral Useful resource estimates), the overall enterprise and operational outlook of the Firm, the Firm’s future development and enterprise prospects, the Firm’s ESG commitments, initiatives and objectives, the Firm’s presence on the varied conferences talked about on this press launch, and people statements that are mentioned underneath the “About Nouveau Monde” paragraph and elsewhere within the press launch which basically describe the Firm’s outlook and aims, represent “forward-looking info” or “forward-looking statements” (collectively, “forward-looking statements”) inside the that means of Canadian and United States securities legal guidelines, and are primarily based on expectations, estimates and projections as of the time of this press launch. Ahead-looking statements are essentially primarily based upon various estimates and assumptions that, whereas thought of cheap by the Firm as of the time of such statements, are inherently topic to important enterprise, financial and aggressive uncertainties and contingencies. These estimates and assumptions might show to be incorrect. Furthermore, these forward-looking statements had been primarily based upon varied underlying components and assumptions, together with the present technological tendencies, the enterprise relationship between the Firm and its stakeholders, the flexibility to function in a protected and efficient method, the well timed supply and set up at estimated costs of the gear supporting the manufacturing, assumed sale costs for graphite focus, the accuracy of any Mineral Useful resource estimates, future forex alternate charges and rates of interest, political and regulatory stability, costs of commodity and manufacturing prices, the receipt of governmental, regulatory and third get together approvals, licenses and permits on favorable phrases, sustained labor stability, stability in monetary and capital markets, availability of apparatus and important provides, spare components and consumables, the assorted tax assumptions, CAPEX and OPEX estimates, the Uatnan Mining Challenge permits’ standing, all financial and operational projections referring to the venture, native infrastructures, the Firm’s enterprise prospects and alternatives and estimates of the operational efficiency of the gear, and should not ensures of future efficiency.

Ahead-looking statements are topic to recognized or unknown dangers and uncertainties that will trigger precise outcomes to vary materially from these anticipated or implied within the forward-looking statements. Threat components that would trigger precise outcomes or occasions to vary materially from present expectations embrace, amongst others, these dangers, delays within the scheduled supply occasions of the gear, the flexibility of the Firm to efficiently implement its strategic initiatives and whether or not such strategic initiatives will yield the anticipated advantages, the provision of financing or financing on favorable phrases for the Firm, the dependence on commodity costs, the impression of inflation on prices, the dangers of acquiring the required permits, the working efficiency of the Firm’s property and companies, aggressive components within the graphite mining and manufacturing business, adjustments in legal guidelines and rules affecting the Firm’s companies, political and social acceptability danger, environmental regulation danger, forex and alternate fee danger, technological developments, the impacts of the worldwide COVID-19 pandemic and the governments’ responses thereto, and normal financial circumstances, in addition to earnings, capital expenditure, money stream and capital construction dangers and normal enterprise dangers. An additional description of dangers and uncertainties may be present in NMG’s Annual Data Kind dated March 22, 2022, together with within the part thereof captioned “Threat Components”, which is on the market on SEDAR at www.sedar.com and on EDGAR at www.sec.gov . Unpredictable or unknown components not mentioned on this Cautionary Observe might even have materials opposed results on forward-looking statements.

Many of those uncertainties and contingencies can straight or not directly have an effect on, and will trigger, precise outcomes to vary materially from these expressed or implied in any forward-looking statements. There may be no assurance that forward-looking statements will show to be correct, as precise outcomes and future occasions might differ materially from these anticipated in such statements. Ahead-looking statements are offered for the aim of offering details about administration’s expectations and plans referring to the long run. The Firm disclaims any intention or obligation to replace or revise any forward-looking statements or to clarify any materials distinction between subsequent precise occasions and such forward-looking statements, besides to the extent required by relevant legislation.

The market and business knowledge contained on this press launch relies upon info from impartial business publications, market analysis, analyst studies and surveys and different publicly accessible sources. Though the Firm believes these sources to be usually dependable, market and business knowledge is topic to interpretation and can’t be verified with full certainty as a result of limits on the provision and reliability of uncooked knowledge, the voluntary nature of the data-gathering course of and different limitations and uncertainties inherent in any survey. The Firm has not independently verified any of the information from third-party sources referred to on this press launch and accordingly, the accuracy and completeness of such knowledge shouldn’t be assured.

Disclosures concerning Mineral Useful resource estimates included on this press launch had been ready in accordance with Canadian NI 43-101. The disclosures included on this press launch use the phrases “Feasibility Examine,” “Mineral Useful resource,” “Inferred Mineral Useful resource,” “Indicated Mineral Useful resource,” “Measured Mineral Useful resource,” in reference to the presentation of assets, as every of those phrases is outlined in accordance with the CIM Definition Requirements on Mineral Sources and Reserves adopted by the CIM Council, as required by NI 43-101. Except in any other case indicated, all useful resource estimates included on this press launch have been ready in accordance with the CIM Definition Requirements, as required by NI 43-101.

NI 43-101 is a rule developed by the Canadian Securities Directors that set up the Canadian requirements for all public disclosure an issuer makes of scientific and technical info regarding mineral tasks. These requirements differ from the necessities of the United Securities and Trade Fee (the “SEC”). Accordingly, mineral useful resource and reserve info included on this press launch will not be corresponding to comparable info made public by United States firms reporting pursuant to SEC reporting and disclosure necessities.

Neither the TSX Enterprise Trade nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Trade) accepts duty for the adequacy or accuracy of this launch.

Additional info concerning the Firm is on the market within the SEDAR database ( www.sedar.com ), and for United States readers on EDGAR ( www.sec.gov ), and on the Firm’s web site at: www.NMG.com

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MEDIA
Julie Paquet
VP Communications & ESG Technique
+1-450-757-8905 #140
jpaquet@nmg.com

INVESTORS
Marc Jasmin
Director, Investor Relations
+1-450-757-8905 #993
mjasmin@nmg.com