Nouveau Monde Graphite (NMG) Q4 2023 earnings summary

Executive summary

• Fiscal-year reporting covers the year ended Dec. 31, 2023; audited consolidated financial statements cover 2023 and 2022 and are prepared under IFRS.

Outlook and guidance

• Development plans center on construction and commissioning of the Matawinie Mine and Bécancour Battery Material Plant projects, alongside development of the Uatnan Mining Project.

• Forward-looking plans include operation of the demonstration plants and achievement of project milestones, including a final investment decision for the two main projects.

Risk factors and uncertainties

• Project outcomes depend on securing financing and permits, timely equipment procurement, and managing development costs, delays and technical challenges.

• Risks include graphite price and demand volatility, commercial-scale processing uncertainty, competition, inflation, and the accuracy of mineral resource and reserve estimates.

• Actual results may differ materially from forward-looking statements; estimates and plans rely on assumptions about economic conditions, project execution, regulation and market demand.