E-Energy Assets Inc. to Start Buying and selling on the Canadian Securities Trade Underneath the Image “EPR” on January 13, 2023


+ Outcomes point out an after-tax IRR of 25.9% and an 8% low cost price NPV of C$ 2,173 million based mostly on present pricing projections for flake focus.

+ The Uatnan Mining Venture helps NMG’s Section-3 enlargement plans with up to date operational parameters and manufacturing volumes according to the Firm’s industrial discussions with OEMs and lithium-ion battery cell makers.

+ NMG has prolonged its imaginative and prescient of accountable mining to the Uatnan Mining Venture, together with transition plans for all-electric operations, superior environmental administration and proactive First Nation and neighborhood engagement, to supply battery and EV producers with responsibly extracted, environmentally reworked, and regionally sourced graphite-based options.

+ Shareholders and analysts are invited to attend an Investor Briefing as we speak at 10:30 a.m. ET hosted by NMG’s Administration Staff by way of webcast: https://us06web.zoom.us/webinar/register/WN_PQUZCrddQuWmw0UUMersow

Nouveau Monde Graphite Inc. (“NMG” or the “Firm”) ( NYSE: NMG , TSX.V: NOU ) in collaboration with Mason Graphite Inc. (“Mason Graphite”) (TSX.V: LLG, OTCQX: MGPHF) releases the outcomes of a preliminary financial evaluation (“PEA”), in line with Nationwide Instrument 43-101 Requirements of Disclosure for Mineral Tasks (“NI 43-101”), for a brand new challenge masking Mason Graphite’s Lac Guéret graphite deposit, the Uatnan mining challenge (the “Uatnan Mining Venture”) positioned in Québec, Canada.

This press launch options multimedia. View the total launch right here: https://www.businesswire.com/news/home/20230110005458/en/

Location of the Uatnan Mining Project (Photo: Business Wire)

Location of the Uatnan Mining Venture (Picture: Enterprise Wire)

The PEA, performed by engineering companies BBA Inc. (“BBA”) and GoldMinds Geoservices Inc. (“GMG”), exhibits sturdy economics for NMG’s up to date operational parameters and manufacturing volumes focusing on the manufacturing of roughly 500,000 tonnes of graphite focus each year over a 24-year lifetime of mine (“LOM”). The proposed Uatnan Mining Venture is at present one of many largest projected pure graphite productions on the earth as battery and electrical automobile (“EV”) producers search native alternate options for sourcing their graphite-based options amidst rising demand and a projected structural deficit of manufacturing as of this 12 months as supported by Benchmark Mineral Intelligence (December 2022).

Arne H Frandsen, Chair of NMG, declared: “NMG’s imaginative and prescient is to turn into North America’s most necessary producer of battery grade graphite. The Uatnan Mining Venture aligns with our imaginative and prescient of progressive, built-in development that caters to the market’s necessities for high-quality graphite supplies, native provides, ESG-driven improvement, and enormous volumes to satisfy EV manufacturing ranges. Constructing on our Matawinie graphite operation’s successes, I’m assured that our prolonged technical group’s experience will allow us to develop what’s projected to turn into one of many world’s largest graphite mines.”

Eric Desaulniers, Founder, President and CEO of NMG, added: “Whereas the core of NMG’s technical group is extraordinarily centered on creating and advancing our Section-2 Matawinie Mine and Bécancour Battery Materials tasks, it has turn into more and more necessary for our prospects and strategic for our shareholders to speed up the deployment of our Section 3. It’s our intention to seize as a lot market share as attainable throughout this historic interval of development of lithium-ion battery manufacturing in North America and Europe. I’m desirous to work with the Innu First Nation of Pessamit and stakeholders from the Manicouagan area to revive the mining improvement of this world-class deposit. The PEA confirms the super potential of the Uatnan Mining Venture as a lever of decarbonization for cleantech markets and socioeconomic development for native communities. We’ll leverage our current Section-1 amenities, the environmental stewardship measures being developed for our Section-2 operations, our proprietary applied sciences, and our demonstrated ESG credentials to advance the Uatnan Mining Venture towards improvement.

PEA Outcomes: Uncovering the Potential of the Uatnan Mining Venture

NMG and its consultants revisited all elements of Mason Graphite’s unique mining challenge to align the event of the Lac Guéret graphite deposit with as we speak’s market alternative and potential prospects’ necessities. The newest technical report from Mason Graphite (SEDAR, Feasibility examine replace of the Lac Guéret Graphite Venture issued on December 11, 2018) deliberate for a manufacturing of 51,900 tonnes of graphite focus each year, with the concentrator and tailings storage facility positioned offsite within the city of Baie-Comeau, roughly 285 km to the south by highway from the mining operations.

The PEA optimizes the Mineral Assets and goals to develop the unique mining challenge tenfold by focusing on the manufacturing of roughly 500,000 tonnes of graphite focus each year, solely destined for the anode materials manufacturing market. The concentrator has been relocated to be close to the deposit with electrical wants that may very well be sourced from the Manic-5 hydroelectric energy station, positioned 70 km away.

Consistent with NMG’s accountable mining strategy, plans embody progressive web site closure with backfilling of the pit with waste rock as a lot as attainable. Further characterization of waste rock and tailings will likely be included within the subsequent engineering section to pick out correct tailings and waste rock administration applied sciences. Current baseline research will likely be up to date based mostly on the examine space to establish any environmental points, consider potential impacts and develop alternate options for the Uatnan Mining Venture.

Industrial parameters had been set utilizing present projections of pricing ready by a third-party knowledgeable for flake focus. Design of the Uatnan Mining Venture has been tailor-made to the wants of the battery and EV market, orienting manufacturing volumes for beneficiation with the intention to produce energetic anode materials. Pure flake graphite is anticipated to enter a structural deficit as of 2023 as a result of continued development of lithium-ion battery manufacturing, outpacing provide capability from graphite producers (Benchmark Mineral Intelligence, December 2022). Therefore, market views and NMG’s energetic industrial discussions point out favorable situations for commercializing the Uatnan Mining Venture manufacturing.

The next lists the financial highlights and operational parameters developed within the PEA. Graphite is expressed in graphitic carbon (“Cg”):

Desk 1: Operational Parameters of the Uatnan Mining Venture

OPERATIONAL PARAMETERS

LOM

24 years

Nominal annual processing price

3.4 M tonnes

Stripping ratio (LOM)

1.3:1

Common grade (LOM)

17.5% Cg

Common graphite restoration

85%

Common annual graphite focus manufacturing (LOM)

500,000 tonnes

Completed product purity

94% Cg

Cautionary Be aware: The PEA is preliminary in nature and contains Inferred Mineral Assets, thought of too speculative geologically to have the financial concerns utilized to them that might allow them to be categorized as Mineral Reserves, and there’s no certainty that the PEA will likely be realized. Mineral sources that aren’t mineral reserves haven’t demonstrated financial viability. Further trenching and/or drilling will likely be required to transform inferred mineral sources to indicated or measured mineral sources. There is no such thing as a certainty that the sources improvement, manufacturing, and financial forecasts on which this PEA relies will likely be realized.

Desk 2: Financial Highlights of the Uatnan Mining Venture

ECONOMIC HIGHLIGHTS

Uatnan Mining Venture

Pre-tax NPV (8% low cost price)

C$ 3,613 M

After-tax NPV (8 % low cost price)

C$ 2,173 M

Pre-tax IRR

32.6%

After-tax IRR

25.9%

Pre-tax payback

2.8 years

After-tax payback

3.2 years

Preliminary CAPEX

C$ 1,417 M

Sustaining CAPEX

C$ 147 M

LOM OPEX

C$ 3,236 M

Annual OPEX

C$ 135 M

OPEX per tonne of graphite focus

C$ 268/tonne

Focus promoting value

US$ 1,100/tonne

All prices are in Canadian {dollars} apart from the graphite sale value which is offered in US {dollars}.

Capital expenditure (“CAPEX”) and operational expenditure (“OPEX”) had been established from check work outcomes, provider quotations and guide in-house databases. Estimates at present being on the market’s peak as influenced by inflationary traits, NMG, Mason Graphite and their consulting companies have refined design, engineering, and building parameters to allow price optimization and aggressive pricing. Québec’s inexpensive clear hydropower underpins the Uatnan Mining Venture’s financial construction and helps NMG’s undeterred carbon-neutrality dedication.

Contemplating the numerous modifications to Mason Graphite’s unique challenge, NMG initiated a reputation change with the collaboration of the Innu First Nation of Pessamit. The deposit is positioned on the Nitassinan, the Innu of Pessamit’s ancestral territory, in a sector known as Ka uatshinakanishkat which means “the place there may be Tamarack”. Therefore, the identify Uatnan which means Tamarack, a conifer outstanding within the space, was chosen to establish the property and challenge. The graphite deposit recognized on the property continues to be known as the Lac Guéret deposit.

Preliminary modelling signifies that the Uatnan Mining Venture would create roughly 300 direct jobs.

The Property

The Uatnan property presently consists of 74 map-designated claims totalling 3,999.52 hectares (“ha”), wholly owned (100%) by Mason Graphite. The Uatnan Mining Venture lies inside Nitassinan, the Innu of Pessamit’s ancestral territory and the Rivière-aux-Outardes municipality positioned within the Côte-Nord administrative area, Québec, Canada, roughly 220 km because the crow flies, north northwest of the closest neighborhood, the city of Baie-Comeau. The Uatnan Mining Venture is accessible by highway 389 after which by following Class 1 forestry roads.

Exploration work on the Uatnan property focused graphite mineralization and consists to this point of airborne geophysics, prospecting, floor geophysics, trenching/channel sampling and core drilling. Bulk floor samples and core samples had been additionally collected for metallurgical and geomechanical assessments. Exploration work uncovered important crystalline flake graphite mineralization, finally resulting in the identification of Mineral Assets and Mineral Reserves (see Mason Graphite’s press launch dated November 9, 2015). Resulting from important adjustments to the challenge scope, as talked about above, it was determined that the Uatnan Mining Venture would revert to a Preliminary Financial Evaluation degree.

On Might 15, 2022, NMG concluded an investment to explore the potential development of the Lac Guéret graphite property (now the Uatnan Property). This settlement aligns with NMG’s development technique with a view to establishing a big, scalable, and totally vertically built-in pure graphite manufacturing, from ore to battery supplies, on the western markets’ doorstep.

Mineral Assets

Present Mineral Assets (Desk 3) have been estimated for the Uatnan property based mostly on 25,956 assay intervals collected from 43,343.1 m of core drilling and 4 floor trenches offering 207 channel samples totalling 721.7 m. Correct high quality management measures, together with the insertion of duplicate, clean and customary samples, had been used all through the exploration applications and returned inside acceptable limits. Though parameters to find out cheap prospects for eventual financial extraction (RPEE) had been up to date (Desk 4), there are not any important adjustments between the present Mineral Assets and the Mineral Assets final printed on November 9, 2015.

Desk 3: Present Pit-Constrained Mineral Useful resource Estimate

IN-PIT CONSTRAINED MINERAL
RESOURCES

Tonnes (Mt)

Grade (% Cg)

Cg (Mt)

Measured 5.75%

15.65

15.2

2.38

Measured Cg > 25%

3.35

30.6

1.02

Whole Measured

19.02

17.9

3.40

Indicated 5.75%

40.29

14.6

5.89

Indicated Cg > 25%

6.33

31.6

2.00

Whole Indicated

46.62

16.9

7.89

Indicated + Measured 5.75%

55.94

14.8

8.27

Indicated + Measured Cg > 25%

9.70

31.2

3.03

Whole Measured + Indicated

65.64

17.2

11.30

Inferred 5.75%

15.35

14.9

2.28

Inferred Cg > 25%

2.47

31.8

0.79

Whole Inferred

17.82

17.2

3.07

Notes :

  1. The Mineral Assets offered on this desk had been estimated by M. Rachidi P.Geo., and C. Duplessis, Eng., (QPs) of GoldMinds Geoservices Inc., utilizing present Canadian Institute of Mining, Metallurgy and Petroleum (CIM) Requirements on Mineral Assets and Reserves, Definitions and Tips.
  2. Mineral Assets which aren’t Mineral Reserves would not have demonstrated financial viability. The estimate of Mineral Assets could also be materially affected by environmental, allowing, authorized, title, market or different related points. The amount and grade of reported Inferred Mineral Assets are unsure in nature and there has not been enough work to outline these Inferred Mineral Assets as indicated or Measured Mineral Assets. There is no such thing as a certainty that any a part of a Mineral Useful resource will ever be transformed into Mineral Reserves.
  3. The Mineral Assets introduced right here had been estimated with a block measurement of 3mE x 3mN x 3mZ. The blocks had been interpolated from equal-length composites (3 m) calculated from the mineralized intervals.
  4. The Mineral Useful resource estimate was accomplished utilizing the inverse distance to the sq. methodology using three runs. For run 1, the variety of composites was restricted to 10 with a most of two composites from the identical drillhole. For runs two and three the variety of composites was restricted to 10 with a most of 1 composite from the identical drillhole.
  5. The Measured Mineral Assets labeled utilizing a minimal of 4 drillholes. Indicated sources labeled utilizing a minimal of two drillholes. The Inferred Mineral Assets had been labeled by a minimal of 1 drillholes.
  6. Tonnage estimates are based mostly on a set density of two.9 t/m 3 .
  7. A pit shell to constrain the Mineral Assets was developed utilizing the parameters introduced in Desk 4 . The efficient date of the present Mineral Assets is January 10, 2023.
  8. Mineral Assets are said at a cut-off grade of 5.75% C(g).

Desk 4: Parameters used to develop the pit shell to constrain the Mineral Assets

PARAMETERS

Worth

Mining price

C$ 4.00/t mined

Processing price

C$ 36.00/t milled

Tailings administration price

C$ 2.00/t milled

G&A price

C$ 5.00/t milled

Mill restoration

85%

Focus grade

94%

Focus value

C$ 1,500 /t

Manufacturing price

3.4 Mtpa

Total pit slope

50%

Mining

The mining methodology chosen for the Uatnan Mining Venture is a traditional open pit, truck and shovel, drill, and blast operation. Topsoil and overburden can be stripped and stockpiled for future reclamation use. The mineralization and waste rock can be mined with 9-m excessive benches, drilled, blasted, and loaded into 60-tonne rigid-frame haul vans with backhoe excavators.

To attenuate the environmental footprint of the Uatnan Mining Venture, waste rock can be hauled to the tailings storage facility the place it will be disposed of with the tailings. As of 12 months 5 of operations, waste rock can be backfilled into the mined-out open pit when attainable. The next desk presents the subset of Mineral Assets throughout the pit design for the PEA.

Desk 5: Subset of Mineral Assets throughout the Pit Design for the PEA

DESCRIPTION

Tonnes
(Mt)

Cg Grade
(%)

In-Situ Graphite
(Mt)

Measured sources

18.7

17.9

3.3

Indicated sources

43.5

17.1

7.4

Whole M&I sources

62.2

17.3

10.8

Inferred sources

14.2

18.0

2.6

Overburden & waste rock

102.6

The mine can be operated by an proprietor fleet, seven days per week, 24 hours per day and be comprised of a 4‑crew system engaged on a two-week in, two-week out rotation. NMG intends to deploy a zero-emission working technique with a battery-powered fleet of haul vans and electrical tools because the expertise turns into out there. Within the meantime, the PEA used a base case with a diesel-operated fleet.

Processing & Restoration

The method stream sheet was developed utilizing the identical metallurgical foundation used for Mason Graphite’s up to date Feasibility Examine issued on December 11, 2018. The principle distinction between the 2 flowsheets, aside from the elevated plant capability, is the supposed end-use of the fabric. On condition that 100% of the graphite focus produced from the Uatnan Mining Venture is destined for the battery market, preserving flake sizes is now not thought of within the processing route. Given this consideration, the flowsheet was simplified by lowering the variety of each sharpening and cleaner flotation levels from 4 to 2. This variation minimizes the variety of grinding mills and flotation cells required, lowering each the capital and working prices for the Uatnan Mining Venture.

The flowsheet consists of a mineral sizer to scale back the dimensions of the run of mine (“ROM”) mineral earlier than it’s fed to a SAG mill for main grinding. The bottom mineral then undergoes rougher flotation, after which the reground and scavenged focus is mixed with the rougher focus for additional processing. The focus then undergoes two further levels of regrinding, first in a ball mill forward of the primary cleansing step, then a second regrind in a tower mill forward of secondary cleansing. The ensuing focus undergoes a closing deliming stage to take away low-grade minus 20-micron particles to maximise the ultimate focus grade. The concentrator tailings are filtered and delivered to the tailings storage facility. The focus is filtered and dried earlier than being trucked 285 km to Baie-Comeau for transport to market.

Financial Analysis

The CAPEX, summarized under, covers the event of the mine, processing amenities, and infrastructure required for the Uatnan Mining Venture. It’s based mostly on the applying of ordinary costing strategies of reaching a PEA which offers the accuracy of -30% to +50%. The working price covers mining, processing, focus haulage, tailings and water administration, basic and administration charges, in addition to infrastructure and providers.

Desk 6: Abstract of Uatnan Mining Venture CAPEX Prices

SECTOR

LOM CAPEX ($M)

Mining

61

Web site infrastructure

55

Offsite infrastructure

184

Water therapy and tailings

118

Ore crushing and course of plant

548

Oblique

319

Contingency

279

TOTAL CAPEX

1,564

Preliminary CAPEX

1,417

Sustaining CAPEX

147

Desk 7: Abstract of Fundamental Uatnan Mining Venture OPEX Prices

SECTOR

LOM OPEX Price ($M)

C$/t Conc.

Mining and tailings

917

76

Processing

1,620

134

Water administration

134

11

G&A

565

47

TOTAL

3,236

268

Subsequent Steps and High quality Assurance

The PEA exhibits that the Uatnan Mining Venture is technically possible in addition to economically viable. It additional strengthens NMG’s energetic industrial discussions and the Firm’s plans for development by way of a Section-3 enlargement.

On the premise of those optimistic outcomes, NMG intends to launch an up to date feasibility examine in compliance with the option and joint venture agreement signed with Mason Graphite . The Uatnan Mining Venture must undergo the method of the Authorities of Québec’s Surroundings High quality Act with the target of acquiring a ministerial decree.

NMG is dedicated to extending its strategy of open and proactive engagement with Indigenous Peoples and native stakeholders to the Uatnan Mining Venture. The Firm plans to take care of a clear dialogue with the Innu First Nation of Pessamit because it advances the challenge improvement to make sure the respect of their rights, the safety of the atmosphere, their tradition, lifestyle and spirituality, in addition to the inclusion of their perspective, and conventional information. NMG additionally pledges to develop its relationships with stakeholders from all horizons to foster mechanisms for collaboration and form a challenge producing shared worth.

Shareholders and analysts are invited to attend a webcast Investor Briefing this morning, Tuesday, January 10, 2023, at 10:30 a.m. ET. Hosted by President and CEO Eric Desaulniers with the participation of NMG’s Administration Staff, the briefing will entail a technical presentation adopted by a question-and-answer session. Registration must be accomplished previous to the beginning of the briefing at: https://us06web.zoom.us/webinar/register/WN_PQUZCrddQuWmw0UUMersow .

There is no such thing as a certainty that the financial forecasts on which this PEA relies will likely be realized. The PEA is preliminary in nature and contains Inferred Mineral Assets which are thought of too speculative geologically to have the financial concerns utilized to them that might allow them to be categorized as Mineral Reserves, and there’s no certainty that the PEA will likely be realized. Mineral Assets that aren’t Mineral Reserves haven’t demonstrated financial viability. Further trenching and/or drilling will likely be required to transform Inferred Mineral Assets to Indicated or Measured Mineral Assets. There is no such thing as a certainty that the sources improvement, manufacturing, and financial forecasts on which this PEA relies will likely be realized. There are a variety of dangers and uncertainties identifiable to any new challenge and often cowl the mineralization, mineral processing, monetary, environmental and allowing facets. NMG’s Section-3 is not any completely different, and an analysis of the attainable dangers was undertaken as a part of the PEA.

Scientific and technical info introduced on this press launch was reviewed and authorized by André Allaire, P.Eng. (BBA), Jeffrey Cassoff, P.Eng. (BBA), Claude Duplessis (GoldMinds Geoservices), and Merouane Rachidi, P.Geo. (GoldMinds Geoservices) Certified Individuals as outlined beneath NI 43-101.

The PEA for the Uatnan Mining Venture, ready in accordance with NI 43-101 tips, will likely be filed on SEDAR at www.sedar.com , EDGAR at www.sec.gov and on the Firm’s web site at www.NMG.com inside 45 days of this press launch. Readers are inspired to learn the PEA in its entirety, together with all {qualifications}, assumptions and exclusions that relate to the main points summarized on this press launch. The PEA is meant to be learn as an entire, and sections shouldn’t be learn or relied upon out of context.

About Nouveau Monde Graphite

Nouveau Monde Graphite is striving to turn into a key contributor to the sustainable power revolution. The Firm is working in the direction of creating a completely built-in supply of carbon-neutral battery anode materials in Québec, Canada for the rising lithium-ion and gas cell markets. With low-cost operations and enviable ESG requirements, NMG aspires to turn into a strategic provider to the world’s main battery and vehicle producers, offering high-performing and dependable superior supplies whereas selling sustainability and provide chain traceability. www.NMG.com

About Mason Graphite

Mason Graphite is a Canadian company centered on in search of funding alternatives. Its technique is to develop vertical and horizontal integration within the mining trade, with a particular give attention to industrial and specialty minerals, notably battery-related supplies and their by-products. Its technique additionally contains the event of value-added merchandise, notably for inexperienced applied sciences like transport electrification. The Firm at present owns 100% of the rights to the Lac Guéret deposit, one of many richest graphite deposits on the earth, which is beneath an Possibility and Joint Enterprise Settlement with Nouveau Monde Graphite Inc. (TSX-V: NOU) (NYSE: NMG). Mason Graphite can be the biggest shareholder of Black Swan Graphene Inc., a Canadian publicly traded firm (TSX-V: SWAN) (OTCQB: BSWGF) specializing in the large-scale manufacturing and commercialization of patented high-performance and low-cost graphene merchandise aimed toward a number of industrial sectors, together with concrete, polymers, Li-ion batteries and others.

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Cautionary Be aware

All statements, aside from statements of historic truth, contained on this press launch together with, however not restricted to these describing the affect of the foregoing on the Uatnan Mining Venture economics, PEA outcomes (as such outcomes are set out within the numerous tables featured above, and are commented within the textual content of this press launch), together with CAPEX, OPEX, NPV and IRR, the estimated worth of the Uatnan Mining Venture, operations improvement eventualities for the Uatnan Mining Venture, industrial and technical parameters, the engaging economics for the Uatnan Mining Venture, LOM plans, the Firm’s supposed advertising and marketing technique, , market traits, future graphite costs, the affect of the Uatnan Mining Venture on the native communities, together with job creation, the projected annual manufacturing of the Firm’s Section-3 operations, the anticipated electrification technique and its supposed outcomes and advantages, the potential outcomes and advantages of the Firm’s proprietary applied sciences, the timelines and prices associated to the varied initiatives, deliverables and milestones described on this press launch and their anticipated outcomes, the Firm’s anticipated monetary and operational efficiency, the character of relationships with stakeholders similar to the local people together with the Innu First Nation of Pessamit, future demand for batteries and EVs, the target of creating one of many largest totally built-in pure graphite operations within the World, the manufacturing of carbon-neutral anode materials, Mineral Useful resource estimates (together with assumptions and estimates utilized in getting ready the Mineral Useful resource estimates), the overall enterprise and operational outlook of the Firm, the Firm’s future development and enterprise prospects, the Firm’s ESG commitments, initiatives and objectives, and people statements that are mentioned beneath the “About Nouveau Monde” paragraph and elsewhere within the press launch which primarily describe the Firm’s outlook and goals, represent “forward-looking info” or “forward-looking statements” (collectively, “forward-looking statements”) throughout the which means of Canadian and United States securities legal guidelines, and are based mostly on expectations, estimates and projections as of the time of this press launch. Ahead-looking statements are essentially based mostly upon plenty of estimates and assumptions that, whereas thought of cheap by the Firm as of the time of such statements, are inherently topic to important enterprise, financial and aggressive uncertainties and contingencies. These estimates and assumptions could show to be incorrect. Furthermore, these forward-looking statements had been based mostly upon numerous underlying components and assumptions, together with the present technological traits, the enterprise relationship between the Firm and its stakeholders, the flexibility to function in a protected and efficient method, the well timed supply and set up at estimated costs of the tools supporting the manufacturing, assumed sale costs for graphite focus , the accuracy of any Mineral Useful resource estimates, future foreign money change charges and rates of interest, political and regulatory stability, costs of commodity and manufacturing prices, the receipt of governmental, regulatory and third occasion approvals, licenses and permits on favorable phrases, sustained labor stability, stability in monetary and capital markets, availability of kit and important provides, spare components and consumables, the varied tax assumptions, CAPEX and OPEX estimates, the Uatnan Mining Venture permits’ standing, all financial and operational projections referring to the challenge, native infrastructures, the Firm’s enterprise prospects and alternatives and estimates of the operational efficiency of the tools, and should not ensures of future efficiency.

Ahead-looking statements are topic to recognized or unknown dangers and uncertainties which will trigger precise outcomes to vary materially from these anticipated or implied within the forward-looking statements. Danger components that might trigger precise outcomes or occasions to vary materially from present expectations embody, amongst others, these dangers that are mentioned beneath the “Subsequent Steps and High quality Assurance” paragraph, delays within the scheduled supply instances of the tools, the flexibility of the Firm to efficiently implement its strategic initiatives and whether or not such strategic initiatives will yield the anticipated advantages, the supply of financing or financing on favorable phrases for the Firm, the dependence on commodity costs, the affect of inflation on prices, the dangers of acquiring the required permits, the working efficiency of the Firm’s property and companies, aggressive components within the graphite mining and manufacturing trade, adjustments in legal guidelines and rules affecting the Firm’s companies, political and social acceptability threat, environmental regulation threat, foreign money and change price threat, technological developments, the impacts of the worldwide COVID-19 pandemic and the governments’ responses thereto, and basic financial situations, in addition to earnings, capital expenditure, money stream and capital construction dangers and basic enterprise dangers. An additional description of dangers and uncertainties may be present in NMG’s Annual Data Kind dated March 22, 2022, together with within the part thereof captioned “Danger Components”, which is accessible on SEDAR at www.sedar.com and on EDGAR at www.sec.gov . Unpredictable or unknown components not mentioned on this Cautionary Be aware might even have materials opposed results on forward-looking statements.

Many of those uncertainties and contingencies can immediately or not directly have an effect on, and will trigger, precise outcomes to vary materially from these expressed or implied in any forward-looking statements. There may be no assurance that forward-looking statements will show to be correct, as precise outcomes and future occasions might differ materially from these anticipated in such statements. Ahead-looking statements are offered for the aim of offering details about administration’s expectations and plans referring to the long run. The Firm disclaims any intention or obligation to replace or revise any forward-looking statements or to elucidate any materials distinction between subsequent precise occasions and such forward-looking statements, besides to the extent required by relevant legislation.

The market and trade knowledge contained on this press launch relies upon info from unbiased trade publications, market analysis, analyst stories and surveys and different publicly out there sources. Though the Firm believes these sources to be typically dependable, market and trade knowledge is topic to interpretation and can’t be verified with full certainty as a consequence of limits on the supply and reliability of uncooked knowledge, the voluntary nature of the data-gathering course of and different limitations and uncertainties inherent in any survey. The Firm has not independently verified any of the information from third-party sources referred to on this press launch and accordingly, the accuracy and completeness of such knowledge is just not assured.

Disclosures relating to Mineral Useful resource estimates included on this press launch had been ready in accordance with Canadian NI 43-101. The disclosures included on this press launch use the phrases “Feasibility Examine,” “Mineral Useful resource,” “Inferred Mineral Useful resource,” “Indicated Mineral Useful resource,” “Measured Mineral Useful resource,” in reference to the presentation of sources, as every of those phrases is outlined in accordance with the CIM Definition Requirements on Mineral Assets and Reserves adopted by the CIM Council, as required by NI 43-101. Until in any other case indicated, all useful resource estimates included on this press launch have been ready in accordance with the CIM Definition Requirements, as required by NI 43-101.

NI 43-101 is a rule developed by the Canadian Securities Directors that set up the Canadian requirements for all public disclosure an issuer makes of scientific and technical info regarding mineral tasks. These requirements differ from the necessities of the United Securities and Trade Fee (the “SEC”). Accordingly, mineral useful resource and reserve info included on this press launch is probably not similar to related info made public by United States corporations reporting pursuant to SEC reporting and disclosure necessities.

Neither the TSX Enterprise Trade nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Trade) accepts accountability for the adequacy or accuracy of this launch.

Additional info relating to the Firm is accessible within the SEDAR database ( www.sedar.com ), and for United States readers on EDGAR ( www.sec.gov ), and on the Firm’s web site at: www.NMG.com

MEDIA

Julie Paquet
VP Communications & ESG Technique
+1-450-757-8905 #140
jpaquet@nmg.com

INVESTORS

Marc Jasmin
Director, Investor Relations
+1-450-757-8905 #993
mjasmin@nmg.com



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