E-Energy Assets Inc. to Start Buying and selling at the Canadian Securities Alternate Below the Image “EPR” on January 13, 2023

Date:


+ Effects point out an after-tax IRR of 25.9% and an 8% cut price price NPV of C$ 2,173 million according to present pricing projections for flake listen.

+ The Uatnan Mining Undertaking helps NMG’s Segment-3 growth plans with up to date operational parameters and manufacturing volumes in keeping with the Corporate’s business discussions with OEMs and lithium-ion battery cellular makers.

+ NMG has prolonged its imaginative and prescient of accountable mining to the Uatnan Mining Undertaking, together with transition plans for all-electric operations, complicated environmental control and proactive First Country and group engagement, to supply battery and EV producers with responsibly extracted, environmentally reworked, and in the neighborhood sourced graphite-based answers.

+ Shareholders and analysts are invited to wait an Investor Briefing lately at 10:30 a.m. ET hosted by means of NMG’s Control Workforce by means of webcast: https://us06web.zoom.us/webinar/sign up/WN_PQUZCrddQuWmw0UUMersow

Nouveau Monde Graphite Inc. (“NMG” or the “Corporate”) ( NYSE: NMG , TSX.V: NOU ) in collaboration with Mason Graphite Inc. (“Mason Graphite”) (TSX.V: LLG, OTCQX: MGPHF) releases the result of a initial financial review (“PEA”), in step with Nationwide Tool 43-101 Requirements of Disclosure for Mineral Initiatives (“NI 43-101”), for a brand new venture overlaying Mason Graphite’s Lac Guéret graphite deposit, the Uatnan mining venture (the “Uatnan Mining Undertaking”) positioned in Québec, Canada.

This press unlock options multimedia. View the overall unlock right here: https://www.businesswire.com/information/house/20230110005458/en/

Location of the Uatnan Mining Project (Photo: Business Wire)

Location of the Uatnan Mining Undertaking (Photograph: Trade Cord)

The PEA, carried out by means of engineering companies BBA Inc. (“BBA”) and GoldMinds Geoservices Inc. (“GMG”), displays robust economics for NMG’s up to date operational parameters and manufacturing volumes focused on the manufacturing of roughly 500,000 tonnes of graphite listen in keeping with annum over a 24-year lifetime of mine (“LOM”). The proposed Uatnan Mining Undertaking is recently one of the crucial biggest projected herbal graphite productions on the earth as battery and electrical car (“EV”) producers search native possible choices for sourcing their graphite-based answers amidst rising call for and a projected structural deficit of manufacturing as of this yr as supported by means of Benchmark Mineral Intelligence (December 2022).

Arne H Frandsen, Chair of NMG, declared: “NMG’s imaginative and prescient is to transform North The usa’s maximum essential manufacturer of battery grade graphite. The Uatnan Mining Undertaking aligns with our imaginative and prescient of revolutionary, built-in expansion that caters to the marketplace’s necessities for top quality graphite fabrics, native provides, ESG-driven construction, and big volumes to satisfy EV manufacturing ranges. Development on our Matawinie graphite operation’s successes, I’m assured that our prolonged technical workforce’s experience will permit us to expand what’s projected to transform one of the crucial global’s biggest graphite mines.”

Eric Desaulniers, Founder, President and CEO of NMG, added: “Whilst the core of NMG’s technical workforce is terribly serious about creating and advancing our Segment-2 Matawinie Mine and Bécancour Battery Subject matter initiatives, it has transform more and more essential for our consumers and strategic for our shareholders to boost up the deployment of our Segment 3. It’s our goal to seize as a lot marketplace proportion as conceivable all over this ancient duration of expansion of lithium-ion battery production in North The usa and Europe. I’m desperate to paintings with the Innu First Country of Pessamit and stakeholders from the Manicouagan area to restore the mining construction of this world-class deposit. The PEA confirms the super attainable of the Uatnan Mining Undertaking as a lever of decarbonization for cleantech markets and socioeconomic expansion for native communities. We can leverage our current Segment-1 amenities, the environmental stewardship measures being evolved for our Segment-2 operations, our proprietary applied sciences, and our demonstrated ESG credentials to advance the Uatnan Mining Undertaking towards construction.

PEA Effects: Uncovering the Doable of the Uatnan Mining Undertaking

NMG and its specialists revisited all elements of Mason Graphite’s unique mining venture to align the advance of the Lac Guéret graphite deposit with lately’s marketplace alternative and attainable consumers’ necessities. The latest technical document from Mason Graphite (SEDAR, Feasibility learn about replace of the Lac Guéret Graphite Undertaking issued on December 11, 2018) deliberate for a manufacturing of 51,900 tonnes of graphite listen in keeping with annum, with the concentrator and tailings garage facility positioned offsite within the the town of Baie-Comeau, roughly 285 km to the south by means of highway from the mining operations.

The PEA optimizes the Mineral Assets and objectives to extend the unique mining venture tenfold by means of focused on the manufacturing of roughly 500,000 tonnes of graphite listen in keeping with annum, completely destined for the anode subject material production marketplace. The concentrator has been relocated to be close to the deposit with electric wishes which may be sourced from the Manic-5 hydroelectric energy station, positioned 70 km away.

In step with NMG’s accountable mining way, plans come with revolutionary web page closure with backfilling of the pit with waste rock up to conceivable. Further characterization of waste rock and tailings might be incorporated within the subsequent engineering segment to choose right kind tailings and waste rock control applied sciences. Present baseline research might be up to date according to the learn about house to spot any environmental problems, assessment attainable affects and expand possible choices for the Uatnan Mining Undertaking.

Business parameters have been set the usage of present projections of pricing ready by means of a third-party professional for flake listen. Design of the Uatnan Mining Undertaking has been adapted to the desires of the battery and EV marketplace, orienting manufacturing volumes for beneficiation with the intention to produce energetic anode subject material. Herbal flake graphite is predicted to go into a structural deficit as of 2023 because of the continuing expansion of lithium-ion battery production, outpacing provide capability from graphite manufacturers (Benchmark Mineral Intelligence, December 2022). Therefore, marketplace views and NMG’s energetic business discussions point out favorable prerequisites for commercializing the Uatnan Mining Undertaking manufacturing.

The next lists the commercial highlights and operational parameters evolved within the PEA. Graphite is expressed in graphitic carbon (“Cg”):

Desk 1: Operational Parameters of the Uatnan Mining Undertaking

OPERATIONAL PARAMETERS

LOM

24 years

Nominal annual processing price

3.4 M tonnes

Stripping ratio (LOM)

1.3:1

Reasonable grade (LOM)

17.5% Cg

Reasonable graphite restoration

85%

Reasonable annual graphite listen manufacturing (LOM)

500,000 tonnes

Completed product purity

94% Cg

Cautionary Word: The PEA is initial in nature and comprises Inferred Mineral Assets, thought to be too speculative geologically to have the commercial concerns implemented to them that will permit them to be classified as Mineral Reserves, and there is not any walk in the park that the PEA might be learned. Mineral sources that aren’t mineral reserves have now not demonstrated financial viability. Further trenching and/or drilling might be required to transform inferred mineral sources to indicated or measured mineral sources. There is not any walk in the park that the sources construction, manufacturing, and financial forecasts on which this PEA is founded might be learned.

Desk 2: Financial Highlights of the Uatnan Mining Undertaking

ECONOMIC HIGHLIGHTS

Uatnan Mining Undertaking

Pre-tax NPV (8% cut price price)

C$ 3,613 M

After-tax NPV (8 % cut price price)

C$ 2,173 M

Pre-tax IRR

32.6%

After-tax IRR

25.9%

Pre-tax payback

2.8 years

After-tax payback

3.2 years

Preliminary CAPEX

C$ 1,417 M

Maintaining CAPEX

C$ 147 M

LOM OPEX

C$ 3,236 M

Annual OPEX

C$ 135 M

OPEX in keeping with tonne of graphite listen

C$ 268/tonne

Listen promoting value

US$ 1,100/tonne

All prices are in Canadian greenbacks aside from the graphite sale value which is supplied in US greenbacks.

Capital expenditure (“CAPEX”) and operational expenditure (“OPEX”) have been established from check paintings effects, provider quotations and guide in-house databases. Estimates recently being on the marketplace’s top as influenced by means of inflationary tendencies, NMG, Mason Graphite and their consulting companies have delicate design, engineering, and building parameters to permit price optimization and aggressive pricing. Québec’s reasonably priced blank hydropower underpins the Uatnan Mining Undertaking’s financial construction and helps NMG’s undeterred carbon-neutrality dedication.

Bearing in mind the numerous adjustments to Mason Graphite’s unique venture, NMG initiated a reputation trade with the collaboration of the Innu First Country of Pessamit. The deposit is positioned at the Nitassinan, the Innu of Pessamit’s ancestral territory, in a sector known as Ka uatshinakanishkat which means “the place there may be Tamarack”. Therefore, the title Uatnan which means Tamarack, a conifer distinguished within the house, was once selected to spot the valuables and venture. The graphite deposit known at the belongings continues to be known as the Lac Guéret deposit.

Preliminary modelling signifies that the Uatnan Mining Undertaking would create roughly 300 direct jobs.

The Assets

The Uatnan belongings at this time is composed of 74 map-designated claims totalling 3,999.52 hectares (“ha”), wholly owned (100%) by means of Mason Graphite. The Uatnan Mining Undertaking lies inside of Nitassinan, the Innu of Pessamit’s ancestral territory and the Rivière-aux-Outardes municipality positioned within the Côte-Nord administrative area, Québec, Canada, roughly 220 km because the crow flies, north northwest of the nearest group, the city of Baie-Comeau. The Uatnan Mining Undertaking is on the market by means of highway 389 after which by means of following Elegance 1 forestry roads.

Exploration paintings at the Uatnan belongings focused graphite mineralization and is composed thus far of airborne geophysics, prospecting, flooring geophysics, trenching/channel sampling and core drilling. Bulk floor samples and core samples have been additionally gathered for metallurgical and geomechanical assessments. Exploration paintings exposed vital crystalline flake graphite mineralization, in the long run resulting in the id of Mineral Assets and Mineral Reserves (see Mason Graphite’s press unlock dated November 9, 2015). Because of vital adjustments to the venture scope, as discussed above, it was once made up our minds that the Uatnan Mining Undertaking would revert to a Initial Financial Overview stage.

On Would possibly 15, 2022, NMG concluded an funding to discover the possible construction of the Lac Guéret graphite belongings (now the Uatnan Assets). This settlement aligns with NMG’s expansion technique with a purpose to organising a big, scalable, and entirely vertically built-in herbal graphite manufacturing, from ore to battery fabrics, on the western markets’ doorstep.

Mineral Assets

Present Mineral Assets (Desk 3) were estimated for the Uatnan belongings according to 25,956 assay periods gathered from 43,343.1 m of core drilling and four floor trenches offering 207 channel samples totalling 721.7 m. Correct high quality keep an eye on measures, together with the insertion of reproduction, clean and usual samples, have been used right through the exploration systems and returned inside of appropriate limits. Even if parameters to decide cheap possibilities for eventual financial extraction (RPEE) have been up to date (Desk 4), there aren’t any vital adjustments between the present Mineral Assets and the Mineral Assets ultimate printed on November 9, 2015.

Desk 3: Present Pit-Constrained Mineral Useful resource Estimate

IN-PIT CONSTRAINED MINERAL
RESOURCES

Tonnes (Mt)

Grade (% Cg)

Cg (Mt)

Measured 5.75%

15.65

15.2

2.38

Measured Cg > 25%

3.35

30.6

1.02

Overall Measured

19.02

17.9

3.40

Indicated 5.75%

40.29

14.6

5.89

Indicated Cg > 25%

6.33

31.6

2.00

Overall Indicated

46.62

16.9

7.89

Indicated + Measured 5.75%

55.94

14.8

8.27

Indicated + Measured Cg > 25%

9.70

31.2

3.03

Overall Measured + Indicated

65.64

17.2

11.30

Inferred 5.75%

15.35

14.9

2.28

Inferred Cg > 25%

2.47

31.8

0.79

Overall Inferred

17.82

17.2

3.07

Notes :

  1. The Mineral Assets equipped on this desk have been estimated by means of M. Rachidi P.Geo., and C. Duplessis, Eng., (QPs) of GoldMinds Geoservices Inc., the usage of present Canadian Institute of Mining, Metallurgy and Petroleum (CIM) Requirements on Mineral Assets and Reserves, Definitions and Tips.
  2. Mineral Assets which aren’t Mineral Reserves would not have demonstrated financial viability. The estimate of Mineral Assets is also materially suffering from environmental, allowing, felony, name, marketplace or different related problems. The volume and grade of reported Inferred Mineral Assets are unsure in nature and there has now not been enough paintings to outline those Inferred Mineral Assets as indicated or Measured Mineral Assets. There is not any walk in the park that any a part of a Mineral Useful resource will ever be transformed into Mineral Reserves.
  3. The Mineral Assets 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 periods.
  4. The Mineral Useful resource estimate was once finished the usage of the inverse distance to the sq. technique using 3 runs. For run 1, the collection of composites was once restricted to 10 with a most of 2 composites from the similar drillhole. For runs two and 3 the collection of composites was once restricted to 10 with a most of 1 composite from the similar drillhole.
  5. The Measured Mineral Assets categorised the usage of no less than 4 drillholes. Indicated sources categorised the usage of no less than two drillholes. The Inferred Mineral Assets have been categorised by means of no less than one drillholes.
  6. Tonnage estimates are according to a set density of two.9 t/m 3 .
  7. A pit shell to constrain the Mineral Assets was once evolved the usage of the parameters offered in Desk 4 . The efficient date of the present Mineral Assets is January 10, 2023.
  8. Mineral Assets are said at a cut-off grade of five.75% C(g).

Desk 4: Parameters used to expand the pit shell to constrain the Mineral Assets

PARAMETERS

Price

Mining price

C$ 4.00/t mined

Processing price

C$ 36.00/t milled

Tailings control price

C$ 2.00/t milled

G&A price

C$ 5.00/t milled

Mill restoration

85%

Listen grade

94%

Listen value

C$ 1,500 /t

Manufacturing price

3.4 Mtpa

Total pit slope

50%

Mining

The mining way decided on for the Uatnan Mining Undertaking is a standard open pit, truck and shovel, drill, and blast operation. Topsoil and overburden can be stripped and stockpiled for long term reclamation use. The mineralization and waste rock can be mined with 9-m excessive benches, drilled, blasted, and loaded into 60-tonne rigid-frame haul vans with backhoe excavators.

To reduce the environmental footprint of the Uatnan Mining Undertaking, waste rock can be hauled to the tailings garage facility the place it will be disposed of with the tailings. As of yr 5 of operations, waste rock can be backfilled into the mined-out open pit when conceivable. The next desk gifts the subset of Mineral Assets throughout the pit design for the PEA.

Desk 5: Subset of Mineral Assets throughout the Pit Design for the PEA

DESCRIPTION

Tonnes
(Mt)

Cg Grade
(%)

In-Situ Graphite
(Mt)

Measured sources

18.7

17.9

3.3

Indicated sources

43.5

17.1

7.4

Overall M&I sources

62.2

17.3

10.8

Inferred sources

14.2

18.0

2.6

Overburden & waste rock

102.6

The mine can be operated by means of an proprietor fleet, seven days every week, 24 hours in keeping with day and be produced from a 4‑workforce machine running on a two-week in, two-week out rotation. NMG intends to deploy a zero-emission working technique with a battery-powered fleet of haul vans and electrical apparatus because the generation turns into to be had. Within the intervening time, the PEA used a base case with a diesel-operated fleet.

Processing & Restoration

The method go with the flow sheet was once evolved the usage of the similar metallurgical foundation used for Mason Graphite’s up to date Feasibility Find out about issued on December 11, 2018. The principle distinction between the 2 flowsheets, with the exception of the higher plant capability, is the supposed end-use of the fabric. For the reason that 100% of the graphite listen made from the Uatnan Mining Undertaking is destined for the battery marketplace, protecting flake sizes is now not thought to be within the processing path. Given this attention, the flowsheet was once simplified by means of lowering the collection of each sharpening and cleaner flotation phases from 4 to 2. This transformation minimizes the collection of grinding turbines and flotation cells required, lowering each the capital and working prices for the Uatnan Mining Undertaking.

The flowsheet is composed of a mineral sizer to cut back the dimensions of the run of mine (“ROM”) mineral sooner than it’s fed to a SAG mill for number one grinding. The bottom mineral then undergoes rougher flotation, and then the reground and scavenged listen is mixed with the rougher listen for additional processing. The listen then undergoes two further phases of regrinding, first in a ball mill forward of the primary cleansing step, then a 2d regrind in a tower mill forward of secondary cleansing. The ensuing listen undergoes a last deliming level to take away low-grade minus 20-micron debris to maximise the general listen grade. The concentrator tailings are filtered and dropped at the tailings garage facility. The listen is filtered and dried sooner than being trucked 285 km to Baie-Comeau for delivery to marketplace.

Financial Analysis

The CAPEX, summarized beneath, covers the advance of the mine, processing amenities, and infrastructure required for the Uatnan Mining Undertaking. It’s according to the appliance of usual costing strategies of attaining a PEA which supplies the accuracy of -30% to +50%. The working price covers mining, processing, listen haulage, tailings and water control, basic and management charges, in addition to infrastructure and products and services.

Desk 6: Abstract of Uatnan Mining Undertaking CAPEX Prices

SECTOR

LOM CAPEX ($M)

Mining

61

Web site infrastructure

55

Offsite infrastructure

184

Water remedy and tailings

118

Ore crushing and procedure plant

548

Oblique

319

Contingency

279

TOTAL CAPEX

1,564

Preliminary CAPEX

1,417

Maintaining CAPEX

147

Desk 7: Abstract of Primary Uatnan Mining Undertaking OPEX Prices

SECTOR

LOM OPEX Value ($M)

C$/t Conc.

Mining and tailings

917

76

Processing

1,620

134

Water control

134

11

G&A

565

47

TOTAL

3,236

268

Subsequent Steps and High quality Assurance

The PEA displays that the Uatnan Mining Undertaking is technically possible in addition to economically viable. It additional strengthens NMG’s energetic business discussions and the Corporate’s plans for expansion thru a Segment-3 growth.

At the foundation of those certain effects, NMG intends to release an up to date feasibility learn about in compliance with the choice and three way partnership settlement signed with Mason Graphite . The Uatnan Mining Undertaking should pass in the course of the means of the Govt of Québec’s Surroundings High quality Act with the target of acquiring a ministerial decree.

NMG is dedicated to extending its way of open and proactive engagement with Indigenous Peoples and native stakeholders to the Uatnan Mining Undertaking. The Corporate plans to care for a clear discussion with the Innu First Country of Pessamit because it advances the venture construction to verify the dignity in their rights, the safety of our environment, their tradition, way of living and spirituality, in addition to the inclusion in their viewpoint, and conventional wisdom. NMG additionally pledges to extend its relationships with stakeholders from all horizons to foster mechanisms for collaboration and form a venture producing shared cost.

Shareholders and analysts are invited to wait a webcast Investor Briefing this morning, Tuesday, January 10, 2023, at 10:30 a.m. ET. Hosted by means of President and CEO Eric Desaulniers with the participation of NMG’s Control Workforce, the briefing will entail a technical presentation adopted by means of a question-and-answer consultation. Registration will have to be finished previous to the beginning of the briefing at: https://us06web.zoom.us/webinar/sign up/WN_PQUZCrddQuWmw0UUMersow .

There is not any walk in the park that the commercial forecasts on which this PEA is founded might be learned. The PEA is initial in nature and comprises Inferred Mineral Assets which can be thought to be too speculative geologically to have the commercial concerns implemented to them that will permit them to be classified as Mineral Reserves, and there is not any walk in the park that the PEA might be learned. Mineral Assets that aren’t Mineral Reserves have now not demonstrated financial viability. Further trenching and/or drilling might be required to transform Inferred Mineral Assets to Indicated or Measured Mineral Assets. There is not any walk in the park that the sources construction, manufacturing, and financial forecasts on which this PEA is founded might be learned. There are a selection of dangers and uncertainties identifiable to any new venture and typically quilt the mineralization, mineral processing, monetary, environmental and allowing facets. NMG’s Segment-3 isn’t any other, and an analysis of the conceivable dangers was once undertaken as a part of the PEA.

Medical and technical knowledge offered on this press unlock was once reviewed and authorized by means of André Allaire, P.Eng. (BBA), Jeffrey Cassoff, P.Eng. (BBA), Claude Duplessis (GoldMinds Geoservices), and Merouane Rachidi, P.Geo. (GoldMinds Geoservices) Certified Individuals as outlined underneath NI 43-101.

The PEA for the Uatnan Mining Undertaking, ready in line with NI 43-101 pointers, might be filed on SEDAR at www.sedar.com , EDGAR at www.sec.gov and at the Corporate’s web page at www.NMG.com inside of 45 days of this press unlock. Readers are inspired to learn the PEA in its entirety, together with all {qualifications}, assumptions and exclusions that relate to the main points summarized on this press unlock. The PEA is meant to be learn as a complete, and sections will have to now not be learn or relied upon out of context.

About Nouveau Monde Graphite

Nouveau Monde Graphite is striving to transform a key contributor to the sustainable power revolution. The Corporate is operating in opposition to creating a completely built-in supply of carbon-neutral battery anode subject material in Québec, Canada for the rising lithium-ion and gasoline cellular markets. With low cost operations and enviable ESG requirements, NMG aspires to transform a strategic provider to the arena’s main battery and automotive producers, offering high-performing and dependable complicated fabrics whilst selling sustainability and provide chain traceability. www.NMG.com

About Mason Graphite

Mason Graphite is a Canadian company serious about looking for funding alternatives. Its technique is to expand vertical and horizontal integration within the mining business, with a distinct center of attention on business and forte minerals, significantly battery-related fabrics and their by-products. Its technique additionally comprises the advance of value-added merchandise, significantly for inexperienced applied sciences like delivery electrification. The Corporate recently owns 100% of the rights to the Lac Guéret deposit, one of the crucial richest graphite deposits on the earth, which is underneath an Choice and Joint Challenge Settlement with Nouveau Monde Graphite Inc. (TSX-V: NOU) (NYSE: NMG). Mason Graphite could also be the most important shareholder of Black Swan Graphene Inc., a Canadian publicly traded corporate (TSX-V: SWAN) (OTCQB: BSWGF) specializing in the large-scale manufacturing and commercialization of patented high-performance and low cost graphene merchandise aimed toward a number of business sectors, together with concrete, polymers, Li-ion batteries and others.

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Cautionary Word

All statements, instead of statements of ancient reality, contained on this press unlock together with, however now not restricted to these describing the affect of the foregoing at the Uatnan Mining Undertaking economics, PEA effects (as such effects are set out within the more than a few tables featured above, and are commented within the textual content of this press unlock), together with CAPEX, OPEX, NPV and IRR, the estimated cost of the Uatnan Mining Undertaking, operations construction situations for the Uatnan Mining Undertaking, business and technical parameters, the sexy economics for the Uatnan Mining Undertaking, LOM plans, the Corporate’s supposed business plan, , marketplace tendencies, long term graphite costs, the affect of the Uatnan Mining Undertaking at the native communities, together with activity introduction, the projected annual manufacturing of the Corporate’s Segment-3 operations, the predicted electrification technique and its supposed effects and advantages, the possible effects and advantages of the Corporate’s proprietary applied sciences, the timelines and prices associated with the more than a few tasks, deliverables and milestones described on this press unlock and their anticipated effects, the Corporate’s anticipated monetary and operational functionality, the character of relationships with stakeholders corresponding to the local people together with the Innu First Country of Pessamit, long term call for for batteries and EVs, the target of creating one of the crucial biggest absolutely built-in herbal graphite operations within the International, the manufacturing of carbon-neutral anode subject material, Mineral Useful resource estimates (together with assumptions and estimates utilized in making ready the Mineral Useful resource estimates), the overall industry and operational outlook of the Corporate, the Corporate’s long term expansion and industry possibilities, the Corporate’s ESG commitments, tasks and objectives, and the ones statements that are mentioned underneath the “About Nouveau Monde” paragraph and in other places within the press unlock which necessarily describe the Corporate’s outlook and targets, represent “forward-looking knowledge” or “forward-looking statements” (jointly, “forward-looking statements”) throughout the which means of Canadian and United States securities rules, and are according to expectancies, estimates and projections as of the time of this press unlock. Ahead-looking statements are essentially founded upon a variety of estimates and assumptions that, whilst thought to be cheap by means of the Corporate as of the time of such statements, are inherently matter to vital industry, financial and aggressive uncertainties and contingencies. Those estimates and assumptions would possibly end up to be fallacious. Additionally, those forward-looking statements have been founded upon more than a few underlying components and assumptions, together with the present technological tendencies, the industry courting between the Corporate and its stakeholders, the facility to function in a secure and efficient approach, the well timed supply and set up at estimated costs of the apparatus supporting the manufacturing, assumed sale costs for graphite listen , the accuracy of any Mineral Useful resource estimates, long term foreign money change charges and rates of interest, political and regulatory steadiness, costs of commodity and manufacturing prices, the receipt of governmental, regulatory and 1/3 occasion approvals, licenses and lets in on favorable phrases, sustained exertions steadiness, steadiness in monetary and capital markets, availability of kit and demanding provides, spare portions and consumables, the more than a few tax assumptions, CAPEX and OPEX estimates, the Uatnan Mining Undertaking lets in’ standing, all financial and operational projections on the subject of the venture, native infrastructures, the Corporate’s industry possibilities and alternatives and estimates of the operational functionality of the apparatus, and aren’t promises of long term functionality.

Ahead-looking statements are matter to identified or unknown dangers and uncertainties that can motive exact effects to range materially from the ones expected or implied within the forward-looking statements. Chance components that would motive exact effects or occasions to range materially from present expectancies come with, amongst others, the ones dangers that are mentioned underneath the “Subsequent Steps and High quality Assurance” paragraph, delays within the scheduled supply occasions of the apparatus, the facility of the Corporate to effectively enforce its strategic tasks and whether or not such strategic tasks will yield the predicted advantages, the provision of financing or financing on favorable phrases for the Corporate, the dependence on commodity costs, the affect of inflation on prices, the hazards of acquiring the vital lets in, the working functionality of the Corporate’s property and companies, aggressive components within the graphite mining and manufacturing business, adjustments in rules and rules affecting the Corporate’s companies, political and social acceptability chance, environmental legislation chance, foreign money and change price chance, technological tendencies, the affects of the worldwide COVID-19 pandemic and the governments’ responses thereto, and basic financial prerequisites, in addition to income, capital expenditure, money go with the flow and capital construction dangers and basic industry dangers. An extra description of dangers and uncertainties will also be present in NMG’s Annual Data Shape dated March 22, 2022, together with within the phase thereof captioned “Chance Components”, which is to be had on SEDAR at www.sedar.com and on EDGAR at www.sec.gov . Unpredictable or unknown components now not mentioned on this Cautionary Word may even have subject material adversarial results on forward-looking statements.

Many of those uncertainties and contingencies can at once or not directly impact, and may motive, exact effects to range materially from the ones expressed or implied in any forward-looking statements. There will also be no assurance that forward-looking statements will end up to be correct, as exact effects and long term occasions may range materially from the ones expected in such statements. Ahead-looking statements are equipped for the aim of offering details about control’s expectancies and plans on the subject of the long run. The Corporate disclaims any goal or legal responsibility to replace or revise any forward-looking statements or to provide an explanation for any subject material distinction between next exact occasions and such forward-looking statements, apart from to the level required by means of appropriate regulation.

The marketplace and business information contained on this press unlock is founded upon knowledge from impartial business publications, marketplace analysis, analyst stories and surveys and different publicly to be had resources. Even if the Corporate believes those resources to be typically dependable, marketplace and business information is matter to interpretation and can’t be verified with entire walk in the park because of limits at the availability and reliability of uncooked information, the voluntary nature of the data-gathering procedure and different obstacles and uncertainties inherent in any survey. The Corporate has now not independently verified any of the info from third-party resources referred to on this press unlock and accordingly, the accuracy and completeness of such information isn’t assured.

Disclosures referring to Mineral Useful resource estimates incorporated on this press unlock have been ready in line with Canadian NI 43-101. The disclosures incorporated on this press unlock use the phrases “Feasibility Find out about,” “Mineral Useful resource,” “Inferred Mineral Useful resource,” “Indicated Mineral Useful resource,” “Measured Mineral Useful resource,” in reference to the presentation of sources, as each and every of those phrases is outlined in line with the CIM Definition Requirements on Mineral Assets and Reserves followed by means of the CIM Council, as required by means of NI 43-101. Except another way indicated, all useful resource estimates incorporated on this press unlock were ready in line with the CIM Definition Requirements, as required by means of NI 43-101.

NI 43-101 is a rule evolved by means of the Canadian Securities Directors that determine the Canadian requirements for all public disclosure an issuer makes of clinical and technical knowledge regarding mineral initiatives. Those requirements range from the necessities of the United Securities and Alternate Fee (the “SEC”). Accordingly, mineral useful resource and reserve knowledge incorporated on this press unlock is probably not related to identical knowledge made public by means of United States corporations reporting pursuant to SEC reporting and disclosure necessities.

Neither the TSX Challenge Alternate nor its Legislation Services and products Supplier (as that time period is outlined within the insurance policies of the TSX Challenge Alternate) accepts duty for the adequacy or accuracy of this unlock.

Additional knowledge in regards to the Corporate is to be had within the SEDAR database ( www.sedar.com ), and for United States readers on EDGAR ( www.sec.gov ), and at the Corporate’s web page at: www.NMG.com

MEDIA

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

INVESTORS

Marc Jasmin
Director, Investor Members of the family
+1-450-757-8905 #993
mjasmin@nmg.com





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