Nouveau Monde Graphite (NMG) investor relations material

Strategic positioning and market drivers

• Aims to become one of the largest fully integrated natural graphite producers in the Western world, targeting energy, advanced technologies, and manufacturing sectors with a focus on North America and Europe.

• Demand for graphite is driven by EVs, cleantech, renewable energy, AI/data centers, and strategic industrial applications.

• Offtake agreements secured with the Government of Canada, Panasonic Energy, and Traxys, with strategic investors including Investissement Quebec, Canada Growth Fund, Panasonic Energy, and Mitsui.

• Located in a tier-1 jurisdiction with access to infrastructure, low-cost hydroelectricity, and key permits; ongoing operation of Phase-1 plants reduces development risk.

• Growth plan aligns with anticipated supply/demand gap, underpinned by world-class graphite assets and advanced ESG principles.

Project development and operations

• Matawinie Mine and concentrator to produce 106 Ktpa of high-purity flake concentrate over a 25-year life, with a strategy for zero-emission operations.

• Bécancour Battery Material Plants to process graphite into active anode material, starting with a 13 Ktpa plant and expanding to 44 Ktpa.

• Uatnan Mining Project targets 500 Ktpa of flake concentrate over 24 years, among the largest graphite projects globally, supporting future growth.

• Fully integrated North American operations provide a local, turnkey alternative to concentrated global supply chains.

• Phase-1 demonstration facilities operational since 2018, with Phase-2 engineering and financing underway and Phase-3 in development.

Financial and commercial outlook

• Matawinie Mine Phase-2: US$421M CAPEX, US$44M annual OPEX, 105,882 tpa graphite, after-tax NPV (8%) of US$238M, IRR 15.8%, payback 5.3 years.

• Uatnan Project: C$2,173M after-tax NPV (8%), 25.9% IRR, 3.2-year payback, 500,000 tpa production, C$268/t OPEX, C$1,417M initial CAPEX.

• US$335M senior project debt secured for Matawinie; additional funding from strategic investors and government grants.

• Balanced capital structure with major equity holders including Investissement Québec, Canada Growth Fund, Pallinghurst, Mitsui, and Panasonic.

• Offtake agreements and customer partnerships de-risk commercialization and support project financing.