Nouveau Monde Graphite Prepares For Construction Of Phase-2 Matawinie Mine, Project Of National Interest As Identified By Government Of Canada, Via Procurement Of Key Construction Capacity, Services, Equipment And Material

• Civil work to be carried out by Manawan-Fournier, an Atikamekw joint-venture; Metso to supply concentrator equipment; Beauce-Atlas to complete steel structures; and Pomerleau to handle the management of the construction
• Over 50% of CAPEX secured by key contracts, within projections, supporting project debt finance activities
• Procurement activities underpin preparation for FID, derisk project execution and secure contractor pricing to deliver the Matawinie Mine on time and on budget
• Matawinie Mine shovel-ready with close to 80% advancement in detailed engineering, preparatory work completed on site, all key permits secured, and instrumental agreements with First Nation and local community
• NMG's Phase-2 Matawinie Mine earmarked as Major Project of National Interest to bolster economic growth, accelerate the development of an integrated value chain in Canada, and support G7 countries and allies in sourcing critical minerals

Nouveau Monde Graphite Inc. ("NMG" or the "Company") ((NMG, NOU) is preparing for the construction of its Phase-2 Matawinie Mine – a major project of national interest as identified by the Government of Canada – via the procurement of key construction capacity, services, equipment and materials. Major contracts awarded over the past few months, with provisions for full execution upon the Company having reached a positive final investment decision ("FID"), represent over 50% of the project's CAPEX and are within estimates of NMG's updated feasibility study for the Phase-2 Matawinie Mine in accordance with National Instrument 43-101.