NMG · Nouveau Monde Graphite Inc.

Nouveau Monde Graphite Inc. held its special and annual general meeting on May 13, 2026, where shareholders overwhelmingly approved all resolutions with near-unanimous support from disinterested shareholders where required. The election of eight directors, including newcomer Hubert T. Lacroix, ensures continuity and adds experienced leadership to guide the company's Phase-2 Matawinie Mine and Bécancour Battery Material Plant projects. The reappointment of PricewaterhouseCoopers LLP as auditor provides stability in financial oversight. Critically, approvals for private placements to strategic investors Investissement Québec (33.4M shares), Canada Growth Fund Inc. (44.5M shares), and ENI International B.V. (38.0M shares) at US$1.84 per share will inject approximately US$213M in capital, priced at a 19.56% discount to the five-day VWAP on April 9, 2026. These transactions, pursuant to subscription agreements dated April 9, 2026, exceed 25% of outstanding shares on a non-diluted basis and position IQ and CGF as significant shareholders. Amendments extend expiry of their 19.8M warrants each from original terms to December 20, 2030, with housekeeping changes effective around May 28, 2026, and authorize potential ownership above 20% upon exercise or conversion of an existing IQ convertible note. Concurrently, NMG signed a definitive binding offtake agreement with the Government of Canada (via PSPC) for 30,000 tonnes per annum of graphite concentrate from the Matawinie Mine over seven years starting commercial production, on a take-or-pay basis with fixed North American pricing and upside sharing. This diversifies NMG's offtake portfolio alongside Traxys and Panasonic Energy, supporting revenue visibility for key markets like lithium-ion batteries and refractories while aligning with Canada's critical minerals strategy.