Press Release

Nouveau Monde Graphite continuous advancement in the past year culminated yesterday with the Entrepreneur of the Year Award presented by the Québec Mineral Exploration Association in recognition of the Company’s sustained corporate growth, from exploration to phase-1 production with a view to full-scale commercial operations.

Pallinghurst has converted the full outstanding principal amount of a secured convertible bond in the principal amount of C$15 million to common shares of Nouveau Monde. This decision further demonstrates Pallinghurst’s significant and continuing support for the Company and its ongoing project development initiatives, as it strives to become a key player in the sustainable energy revolution.

As it strives to become a contributor to the energy transition and circular economy, Nouveau Monde is publishing its inaugural ESG Report to disclose its managerial approach to addressing material topics and highlight significant sustainability milestones and indicators.

Nouveau Monde is completing the commissioning of its state-of-the-art laboratory at its demonstration plant, an addition to the Company’s existing quality testing facilities. This expansion is triggered by Nouveau Monde’s commitment to catering to the market’s requirements for high-performing and environmentally responsible battery materials that can be tailored to a variety of specs.

As demand for battery materials continues to grow, Nouveau Monde is enhancing its production capacity for advanced graphite solutions through investments in phase-1 operations. The Company is deploying its business strategy to test manufacturing technologies, refine processes, inform commercial development, and support technical marketing and product qualification efforts targeting the lithium-ion batteries market.

Nouveau Monde Graphite's Sales & Marketing Team is heading to Michigan, U.S., to participate in The Battery Show, North America's largest and most comprehensive advanced battery manufacturing trade show – a forum for advanced battery technology for electric and hybrid vehicles, utility and renewable energy support, portable electronics, medical technology, military, as well as telecommunications.

Nouveau Monde Graphite has been admitted as an active member of the Global Battery Alliance, a World Economic Forum’s initiative dedicated to helping establish a sustainable battery value chain. Through this public-private collaboration platform, Nouveau Monde joins battery manufacturers, automakers, technology companies, governments, and international organizations.

Nouveau Monde has submitted a patent application for its proprietary thermochemical purification technology as part of its intellectual property strategy. Leveraging Québec’s abundant, clean, and affordable hydropower, the Company’s technology avoids using hydrofluoric acid in favor of high temperatures and addition of chlor-based reagent.