Annual and Special Meeting of Shareholders
15 May 2025 -
NMG will hold its annual general and special meeting of shareholders (the “Meeting”) on Tuesday, June 17, 2025, at 10 a.m. (Eastern Time) via live webcast at https://virtual-meetings.tsxtrust.com/en/1797. NMG is holding the Meeting as a completely virtual meeting, which all shareholders, regardless of geographic location, will have an equal opportunity to attend. Items on the agenda include (a) the presentation of the Company’s consolidated audited financial statements for the fiscal years ended December 31, 2024, and 2023, and the independent auditor’s report thereon; (b) the election of directors named in the management information circular; (c) the appointment of the external auditor; (d) the ratification and confirmation of the Company’s omnibus plan, and (e) the approval of the 1,922,500 stock options granted to directors, officers and employees of the Company approved by the Board of Directors on April 1, 2025 which will be subject to the omnibus plan of the Corporation. Registered shareholders and duly appointed proxyholders are encouraged to vote their shares in advance of the Meeting.
Directors Arne H Frandsen, James Scarlett and Andrew Willis indicated that they will not stand for re-election. The Board of Directors and the Company wish to wholeheartedly express gratitude for their dedicated service and contribution during their tenure.
Eric Desaulniers, Founder, President, and CEO of NMG, added:
“On my behalf and that of our employees, directors and shareholders, I want to thank Arne, James and Andrew for their service to the development and governance of NMG. We have gained tremendously from their guidance and insight, to help position the Company in a bustling sector, rally strategic investors and establish commercial agreements with our Anchor Customers. Thank you!”
The Board of Directors proposes two new candidates as nominees for directorship, namely Paola Farnesi and Édith Jacques, in complement to directors who stand for re-election: Daniel Buron, Eric Desaulniers, Stéphane Leblanc, Nathalie Pilon, and Chantal Sorel.
Paola Farnesi is a senior financial professional with over 30 years of experience in corporate finance, financial reporting, mergers and acquisitions (“M&A”) and risk management. She is currently Vice-President and Treasurer of Domtar Corporation, after having held several leadership positions at Domtar Corporation and having worked at Ernst & Young.
Édith Jacques is a partner and Chair of the Board at Lavery Lawyers in Montréal, specializing in mergers and acquisitions, commercial, and international law. She advises mid- and large-sized companies on strategic business matters, including domestic and cross-border transactions, and is recognized for her pragmatic approach and leadership in the manufacturing and energy sectors.
The meeting will be complemented with a corporate presentation by Founder, President and CEO Eric Desaulniers providing an update on the Company’s key projects, commercial engagement, and growth plan.
Shareholders entitled to vote at the meeting will be those who are shareholders as at the close of business on the record date, being May 2, 2025. Electronic copies of the notice of meeting, the management information circular, the proxy form, the voting instruction form and the financial statements are or will be available, as the case may be, on the Company’s SEDAR+ and EDGAR profile, NMG’s website and at http://www.meetingdocuments.com/TSXT/NOU. The Company’s financial reports, 2024 Annual Report and 2024 ESG Report are also posted online on NMG’s website for ease of consultation.
