Nouveau Monde Graphite Secures Funding, Offtake

Nouveau Monde Graphite Inc. held its Annual General and Special Meeting of Shareholders, where several key resolutions were adopted. Shareholders approved a private placement totaling approximately US$213 million from Canada — Canada Growth Fund Inc., the Government of Quebec via Canada — Investissement Québec, and ENI International B.V. This funding is crucial for the development of Nouveau Monde Graphite's Phase-2 Matawinie Mine and the Bécancour Battery Material Plant project. Additionally, Nouveau Monde Graphite signed a definitive binding offtake agreement with the Canada — Government of Canada, represented by Canada — Public Services and Procurement Canada, for the supply of 30,000 tonnes per annum of graphite concentrate from its Matawinie Mine over a seven-year term. The company also amended warrants held by Canada — Canada Growth Fund Inc. and Canada — Investissement Québec, extending their expiry dates to December 20, 2030, and elected eight directors, including new appointee Hubert Lacroix, and appointed PwC LLP as its auditor.