+ NMG’s management crew to have interaction with {the marketplace} and funding neighborhood 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 crew with over 30 years of expertise within the mining trade taking care of the design, start-up, and optimization of assorted 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 venture (the “Uatnan Mining Mission”) positioned in Québec, Canada, with the securities commissions and regulatory authorities in Canada and the U.S. The PEA, performed by engineering corporations BBA Inc. (“BBA”) and GoldMinds Geoservices Inc. (“GMG”) in accordance with Nationwide Instrument 43-101 Requirements of Disclosure for Mineral Initiatives (“NI 43-101”), was carried out in collaboration with Mason Graphite Inc. (“Mason Graphite”) (TSX.V: LLG, OTCQX: MGPHF) because the Uatnan Mining Mission leverages the Lac Guéret deposit wholly-owned by Mason Graphite and topic to an funding settlement and choice and three way partnership settlement with NMG .

The PEA exhibits 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 each year over a 24-year lifetime of mine (“LOM”). The proposed Uatnan Mining Mission is at the moment one of many largest projected pure graphite productions being developed on the planet. Per NMG’s vertical integration technique, the Uatnan Mining Mission’s contemplated manufacturing would function feedstock for battery supplies superior manufacturing, offering refining growth alternative, rising potential margins, and enhancing the Firm’s progress profile.

In right now’s dynamic market, the Uatnan Mining Mission aligns with NMG’s industrial 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 about 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 phase alone.

Arne H Frandsen, Chair of NMG, declared: “The market is actively looking for 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 Mission suits completely into the Firm’s improvement plan, offering a big useful resource to enrich our Part-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 power transition.”

PEA Outcomes: The Potential of the Uatnan Mining Mission

NMG and its consultants revisited the basics for the property improvement with a view to aligning the Uatnan Mining Mission with right now’s market alternative. Design of the Uatnan Mining Mission 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 Mission optimizes the Mineral Assets (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 each year. It might be operated as a standard open pit with a concentrator close to the deposit. Consistent with NMG’s accountable mining method, plans embody issues 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 inexpensive clear hydropower underpins the Uatnan Mining Mission’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 Assets, thought of too speculative geologically to have the financial issues utilized to them that might allow them to be categorized as Mineral Reserves, and there’s no certainty that the PEA can be realized. Mineral assets that aren’t mineral reserves haven’t demonstrated financial viability. Extra trenching and/or drilling can 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 can be realized.

Notes :

1. The Mineral Assets supplied 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 Assets and Reserves, Definitions and Pointers.
2. Mineral Assets which aren’t Mineral Reserves don’t have demonstrated financial viability. The estimate of Mineral Assets could also be materially affected by environmental, allowing, authorized, title, market or different related points. The amount and grade of reported Inferred Mineral Assets are unsure in nature and there has not been ample work to outline these Inferred Mineral Assets as indicated or Measured Mineral Assets. There isn’t a certainty that any a part of a Mineral Useful resource will ever be transformed into Mineral Reserves.
3. The Mineral Assets 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 Assets labeled utilizing a minimal of 4 drillholes. Indicated assets labeled utilizing a minimal of two drillholes. The Inferred Mineral Assets had been labeled by a minimal of 1 drillholes.
6. Tonnage estimates are based mostly on a hard and fast density of two.9 t/m ³ .
7. A pit shell to constrain the Mineral Assets was developed utilizing the parameters offered within the PEA. The efficient date of the present Mineral Assets is January 10, 2023.
8. Mineral Assets are acknowledged at a cut-off grade of 5.75% C(g).

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

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

The PEA exhibits that the Uatnan Mining Mission 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 progress 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 Mission manufacturing.

On the premise of those optimistic outcomes, NMG intends to launch an up to date feasibility examine in compliance with the choice and three way partnership settlement signed with Mason Graphite .

NMG is dedicated to extending its method of open and proactive engagement with Indigenous Peoples and native stakeholders to the Uatnan Mining Mission. The Firm plans to take care of 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 atmosphere. 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 Mission”, 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 had 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 underneath NI 43-101.

Jean Cayouette

NMG appointed earlier this month Mr. Jean Cayouette, Eng., Vice President, Metallurgy and Course of in substitute 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 assorted mineral processing crops have contributed to his technical and administration expertise within the fields of metallurgy, operations, upkeep, and atmosphere. He’s an achieved 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 optimistic 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 comparable to Jean’s gives our technical groups with stable backup emigrate Part 1 operations into Part 2 industrial manufacturing, whereas informing the subsequent phases of improvement for the Uatnan Mining Mission. 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! Completely happy retirement Alain!”

NMG Engagement with the Market and Funding Sector

Important minerals, the power transition and NMG’s strong enterprise technique are gaining consideration each within the market and inside funding circles. The Firm’s management crew is collaborating 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 can be at sales space IE2830 and interact in quite a few particular occasions. Eric Desaulniers, President & CEO, can 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 progress firms.

About Nouveau Monde Graphite

Nouveau Monde Graphite is striving to develop into a key contributor to the sustainable power revolution. The Firm is working in the 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 develop into a strategic provider to the world’s main battery and vehicle 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 reality, contained on this press launch together with, however not restricted to these describing the influence of the foregoing on the Uatnan Mining Mission 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 Mission, operations improvement situations for the Uatnan Mining Mission, industrial and technical parameters, the enticing economics for the Uatnan Mining Mission, LOM plans, the Firm’s supposed advertising technique, market traits, future graphite costs, the influence of the Uatnan Mining Mission on the native communities, together with job creation, the projected annual manufacturing of the Firm’s Part-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 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 comparable 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 totally 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 making 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 underneath the “About Nouveau Monde” paragraph and elsewhere within the press launch which basically describe the Firm’s outlook and aims, represent “forward-looking data” or “forward-looking statements” (collectively, “forward-looking statements”) inside the that means of Canadian and United States securities legal guidelines, and are based mostly on expectations, estimates and projections as of the time of this press launch. Ahead-looking statements are essentially based mostly upon quite a few estimates and assumptions that, whereas thought of 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 might show to be incorrect. Furthermore, these forward-looking statements had been based mostly upon numerous underlying elements and assumptions, together with the present technological traits, the enterprise relationship between the Firm and its stakeholders, the flexibility 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 foreign money change charges and rates of interest, political and regulatory stability, costs of commodity and manufacturing prices, the receipt of governmental, regulatory and third social gathering approvals, licenses and permits on favorable phrases, sustained labor stability, stability in monetary and capital markets, availability of apparatus and demanding provides, spare elements and consumables, the varied tax assumptions, CAPEX and OPEX estimates, the Uatnan Mining Mission permits’ standing, all financial and operational projections regarding the venture, native infrastructures, the Firm’s enterprise prospects and alternatives and estimates of the operational efficiency of the tools, and should not 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. Threat elements that might trigger precise outcomes or occasions to vary materially from present expectations embody, amongst others, these dangers, delays within the scheduled supply instances of the tools, the flexibility of the Firm to efficiently implement its strategic initiatives and whether or not such strategic initiatives will yield the anticipated advantages, the supply of financing or financing on favorable phrases for the Firm, the dependence on commodity costs, the influence of inflation on prices, the dangers of acquiring the mandatory permits, the working efficiency of the Firm’s belongings and companies, aggressive elements within the graphite mining and manufacturing trade, adjustments in legal guidelines and rules affecting the Firm’s companies, political and social acceptability danger, environmental regulation danger, foreign money and change 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 movement and capital construction dangers and common enterprise dangers. An additional description of dangers and uncertainties might be present in NMG’s Annual Info Type dated March 22, 2022, together with within the part thereof captioned “Threat Components”, which is obtainable 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 hostile 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 might 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 supplied for the aim of offering details about administration’s expectations and plans regarding the longer term. 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 regulation.

The market and trade knowledge contained on this press launch relies upon data from impartial trade publications, market analysis, analyst experiences and surveys and different publicly out there sources. Though the Firm believes these sources to be typically dependable, market and trade knowledge is topic to interpretation and can’t be verified with full certainty on account of limits on the supply 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 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 Assets and Reserves adopted by the CIM Council, as required by NI 43-101. Until 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 related 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 obtainable 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