Nouveau Monde Graphite (NMG) Update - May 13

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dan_s
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Nouveau Monde Graphite (NMG) Update - May 13

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NMG Provides a Quarterly Update amid Favorable Shift in Battery Material Market Conditions

Nouveau Monde completed another quarter of diligent progress towards the establishment of what is projected to be North America’s largest and first fully integrated ore-to-battery-material natural graphite production in a context of accelerated growth in the battery space and sustained pressure on supply chains.

HIGHLIGHTS
Enhanced engagement towards offtake agreement with potential tier-1 customers in the EV and battery sector with the production of A and B samples, site visits, quality checks and commercial discussions.
OEMs, feeling the supply chain pressure, are turning their attention upstream to secure supplies and reduce their risks as projections indicate a flake graphite deficit of nearly 2 million tonnes per annum by the end of the decade.
Timely progress on construction of the Company’s Phase-1 coating unit, commissioning still targeted to start before the end of H1-2022 to complete NMG’s vertically integrated 2,000-tpa nameplate ore-to-battery-material value chain.
Significant advancement (75%) of engineering, project management, the mining plan update and economic structure for NMG’s integrated 43-101-compliant feasibility study for the Phase-2 Bécancour Battery Material Plant and Matawinie Mine; conclusions planned to be announced before the end of Q2-2022.
Continuous progress of detailed engineering for Phase-2 Matawinie Mine.
Progress in structuring and securing project financing for the construction and development of the Phase-2 Bécancour Battery Material Plant and Matawinie Mine; NMG has received non-binding letters of interest from two Export Credit Agencies.
Safe operational and construction activities with a period-end OSHA rate of 0 at the Company’s facilities and 0 for contractors’ work, with no major environmental incident.
Period-end cash position of $43.5M.

Arne H Frandsen, Chair of the Board of Directors
“These dynamics demonstrate the urgency to invest in advanced materials production to serve tomorrow’s economy. Manufacturers and governments are now grasping the importance of critical minerals, local production, rapid commercialization and ESG-minded businesses. This represents a springboard for NMG’s development as the Company prepares for the deployment of its large Phase-2 integrated operations. NMG is ideally positioned in this context to provide a carbon-neutral, reliable and sizeable alternative to Chinese supplies.”

Eric Desaulniers, President & CEO
“The market is shifting on a structural level. At this rate, we think it is neither the consumers nor the regulators who will be driving the energy transition but miners and recyclers. We are positioning NMG in this new market as a turnkey provider of high-performing graphite materials ready to scale up production in an ethical, environmentally-responsible and economical way.”
Dan Steffens
Energy Prospectus Group
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