Press Release

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.

A new phase started this month as Nouveau Monde launched civil construction works for its flagship Matawinie graphite mining project located in Saint-Michel-des-Saints, 120 km north of Montréal, Québec. Over the past months, the Company has steadily advanced detailed engineering and engaged in the procurement of key service providers, long-lead equipment, and contractors to deliver the project by the end of 2023.

Nouveau Monde has closed the non-brokered private placement of common shares of the Company. Investissement Québec, acting as mandatary for the government of Québec, shows strong ongoing support, subscribing for the full amount of the private placement.

Nouveau Monde has appointed SD Capital Advisory Limited and GKB Ventures Limited as joint financial advisors to assist it with the structuring and arranging of project financing, with a focus on Export Credit Agencies, for the development of the Company’s flagship Matawinie Graphite Mining project.

At today’s Annual General and Special Meeting of Shareholders, Nouveau Mondepresented an update on its projects and corporate development and obtained approval of all Meeting items. The Company is rigorously executing its phased business plan as it strives to become the Western World’s largest, and North America’s only, fully integrated lithium-ion battery anode material producer.