Strengthening the North American Graphite Provide Chain

+ NMG’s management workforce to interact with {the marketplace} and funding neighborhood by way of upcoming participation at BMO World Metals, Mining & Crucial Minerals Convention, PDAC 2023 Conference and the Annual ROTH Convention.

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

Following the publishing of outcomes 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 mission (the “Uatnan Mining Undertaking”) positioned in Québec, Canada, with the securities commissions and regulatory authorities in Canada and the U.S. The PEA, performed by engineering companies BBA Inc. (“BBA”) and GoldMinds Geoservices Inc. (“GMG”) in accordance with 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 Undertaking leverages the Lac Guéret deposit wholly-owned by Mason Graphite and topic to an funding settlement and possibility and three way partnership settlement with NMG .

The PEA reveals robust economics for NMG’s up to date operational parameters and manufacturing volumes focusing on the manufacturing of roughly 500,000 tonnes of graphite focus each year over a 24-year lifetime of mine (“LOM”). The proposed Uatnan Mining Undertaking is presently one of many largest projected pure graphite productions being developed on the earth. According to NMG’s vertical integration technique, the Uatnan Mining Undertaking’s contemplated manufacturing would function feedstock for battery supplies superior manufacturing, offering refining growth alternative, growing potential margins, and enhancing the Firm’s progress profile.

In at present’s dynamic market, the Uatnan Mining Undertaking aligns with NMG’s business engagement amidst electrical automobile (“EV”) adoption reaching unprecedented ranges with 10.3 million autos 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 ready to extend as much as fivefold, with graphite outpacing the opposite battery metals (Benchmark, January 2023) at 10,363,000 tonnes each year for that market section alone.

Arne H Frandsen, Chair of NMG, declared: “The market is actively trying to find various sources of graphite, in important volumes, to cut 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 Undertaking suits completely into the Firm’s growth 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 Undertaking

NMG and its consultants revisited the basics for the property growth with a view to aligning the Uatnan Mining Undertaking with at present’s market alternative. Design of the Uatnan Mining Undertaking has been tailor-made to the wants of the battery and EV market, orienting manufacturing volumes for beneficiation to be able to produce lively anode materials.

The Uatnan Mining Undertaking optimizes the Mineral Sources (see Desk 2) and goals to broaden the unique mining mission tenfold by focusing on the manufacturing of roughly 500,000 tonnes of graphite focus each year. It might 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 top 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 Undertaking’s financial construction and helps NMG’s undeterred carbon-neutrality dedication.

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

Notes :

1. The Mineral Sources offered on this desk have 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 enough work to outline these Inferred Mineral Sources as indicated or Measured Mineral Sources. There is no such thing as 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 have been estimated with a block measurement of 3mE x 3mN x 3mZ. The blocks have 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 categorized utilizing a minimal of 4 drillholes. Indicated sources categorized utilizing a minimal of two drillholes. The Inferred Mineral Sources have been categorized by a minimal of 1 drillholes.
6. Tonnage estimates are primarily based on a set 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 presently being on the market’s peak as influenced by inflationary developments, NMG and its consulting companies have refined design, engineering, and building parameters to allow value optimization and aggressive pricing.

All prices are in Canadian {dollars} except for the graphite sale value which is offered in US {dollars}.

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

On the premise of those constructive outcomes, NMG intends to launch an up to date feasibility examine in compliance with the possibility and three way partnership settlement 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 Undertaking. The Firm plans to keep up a clear dialogue with the Innu First Nation of Pessamit because it advances the mission growth 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 broaden its relationships with stakeholders from all horizons to foster mechanisms for collaboration and form a mission producing shared worth.

The PEA entitled “NI 43-101 Technical Report – PEA Report for the Uatnan Mining Undertaking”, 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 web site . PEA outcomes as outlined on this press launch have been issued on January 10, 2023.

Scientific and technical data offered on this press launch was reviewed and authorised 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 below 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 just lately retired. A graduate of Laval College in mining and metallurgical engineering, Mr. Cayouette has over 30 years of expertise within the mining trade. The design, start-up and optimization of varied mineral processing crops 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 growth 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 corresponding to Jean’s supplies our technical groups with strong backup emigrate Section 1 operations into Section 2 business manufacturing, whereas informing the following phases of growth for the Uatnan Mining Undertaking. I am delighted to see one other proficient chief becoming a member of Group Nouveau Monde in our quest to drive sustainability into the battery/EV house. Bienvenue Jean! Pleased retirement Alain!”

NMG Engagement with the Market and Funding Sector

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

Executives will be 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 have interaction in various particular occasions. Eric Desaulniers, President & CEO, may also current on the Crucial 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 progress 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 creating a totally 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 Notice

All statements, apart from statements of historic truth, contained on this press launch together with, however not restricted to these describing the affect of the foregoing on the Uatnan Mining Undertaking economics, PEA outcomes (as such outcomes are set out within the numerous 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 Undertaking, operations growth situations for the Uatnan Mining Undertaking, business and technical parameters, the engaging economics for the Uatnan Mining Undertaking, LOM plans, the Firm’s meant advertising technique, market developments, future graphite costs, the affect of the Uatnan Mining Undertaking 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 meant outcomes and advantages, the potential outcomes and advantages of the Firm’s proprietary applied sciences, the timelines and prices associated to the varied 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 corresponding to the local people together with the Innu First Nation of Pessamit, future demand for batteries and EVs, the target of creating 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 final enterprise and operational outlook of the Firm, the Firm’s future progress and enterprise prospects, the Firm’s ESG commitments, initiatives and objectives, the Firm’s presence on the numerous conferences talked about on this press launch, and people statements that are mentioned below the “About Nouveau Monde” paragraph and elsewhere within the press launch which primarily describe the Firm’s outlook and goals, represent “forward-looking data” or “forward-looking statements” (collectively, “forward-looking statements”) inside the which 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-about affordable 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 could show to be incorrect. Furthermore, these forward-looking statements have been primarily based upon numerous underlying elements and assumptions, together with the present technological developments, the enterprise relationship between the Firm and its stakeholders, the power to function in a secure and efficient method, the well timed supply and set up at estimated costs of the tools supporting the manufacturing, assumed sale costs for graphite focus, the accuracy of any Mineral Useful resource estimates, future forex trade 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 kit and important provides, spare elements and consumables, the varied tax assumptions, CAPEX and OPEX estimates, the Uatnan Mining Undertaking permits’ standing, all financial and operational projections regarding the mission, native infrastructures, the Firm’s enterprise prospects and alternatives and estimates of the operational efficiency of the tools, and will not be ensures of future efficiency.

Ahead-looking statements are topic to recognized or unknown dangers and uncertainties which will trigger precise outcomes to vary materially from these anticipated or implied within the forward-looking statements. Danger elements that might trigger precise outcomes or occasions to vary materially from present expectations embrace, amongst others, these dangers, delays within the scheduled supply occasions of the tools, the power 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 affect of inflation on prices, the dangers of acquiring the mandatory permits, the working efficiency of the Firm’s property and companies, aggressive elements within the graphite mining and manufacturing trade, modifications in legal guidelines and rules affecting the Firm’s companies, political and social acceptability danger, environmental regulation danger, forex and trade charge danger, technological developments, the impacts of the worldwide COVID-19 pandemic and the governments’ responses thereto, and common financial circumstances, in addition to earnings, capital expenditure, money stream and capital construction dangers and common enterprise dangers. An additional description of dangers and uncertainties may be present in NMG’s Annual Data Type dated March 22, 2022, together with within the part thereof captioned “Danger Elements”, which is on the market on SEDAR at www.sedar.com and on EDGAR at www.sec.gov . Unpredictable or unknown elements not mentioned on this Cautionary Notice might even have materials adversarial results on forward-looking statements.

Many of those uncertainties and contingencies can instantly 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 regarding the long run. The Firm disclaims any intention or obligation to replace or revise any forward-looking statements or to elucidate any materials distinction between subsequent precise occasions and such forward-looking statements, besides to the extent required by relevant regulation.

The market and trade knowledge contained on this press launch is predicated upon data from impartial trade publications, market analysis, analyst experiences and surveys and different publicly accessible sources. Though the Firm believes these sources to be usually dependable, market and trade knowledge is topic to interpretation and can’t be verified with full certainty because 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 will not be assured.

Disclosures relating to Mineral Useful resource estimates included on this press launch have 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 sources, 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 data regarding mineral initiatives. These requirements differ from the necessities of the United Securities and Alternate Fee (the “SEC”). Accordingly, mineral useful resource and reserve data included on this press launch might not be akin to comparable data made public by United States firms reporting pursuant to SEC reporting and disclosure necessities.

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

Additional data relating to 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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Julie Paquet
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INVESTORS
Marc Jasmin
Director, Investor Relations
+1-450-757-8905 #993
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