Nouveau Monde Graphite Files 2025 Financial Reports, Secures $335M Financing

Nouveau Monde Graphite filed its financial reports for the 2025 period, a year marked by material progress toward the development and financing of the Company's Phase-2 operations, alongside continued ESG leadership and disciplined capital deployment. With the recent $335M commitment package from lenders toward financing of the Matawinie Mine, the Company is well positioned and focused on completing the remaining steps to reach a final investment decision, advancing a sequenced FID for the First-Stage Becancour Battery Material Plant, and preparing for construction and commercial execution. On the back of the 2025 Matawinie Mine Feasibility Study results, commercial arrangements covering approximately 75% of the future production, and substantial project advancement, the Phase-2 Matawinie Mine has demonstrated project maturity and construction readiness. Detailed engineering supports procurement activities. Major contracts for key construction capacity, services, equipment and materials have been awarded, representing over 50% of the project's CAPEX and within estimates. Pomerleau has been appointed Construction Manager, while major contracts have been awarded to ABB for the fully electrified 120 kV substation, Metso for key concentrator and mineral processing equipment, Manawan-Fournier for the main civil works package, and Beauce Atlas for structural steel, subject to finalization of select clauses. In parallel, construction planning, procurement activities, and engagement with local and Indigenous businesses are advancing to finalize execution plans, schedules, and health, safety, environmental and quality programs ahead of FID. The project financing process for the Phase-2 Matawinie Mine is nearing completion. NMG has secured a senior secured project financing debt commitment letter with Export Development Canada and Canada Infrastructure Bank to support the construction, development and commissioning of the Matawinie Mine. Facilities totaling $335M will be available upon completion of the definitive documentation, final legal, insurance and regulatory due diligence, and satisfaction of customary conditions precedents. NMG is actively progressing its negotiations with targeted strategic investors for the equity component of the project financing with a view to completing the financing structure in a timely manner. The Company is advancing a two-stage development plan for its Phase-2 Becancour Battery Material Plants, leveraging contiguous brownfield and greenfield sites. NMG's acquisition of a 143,000-m2 brownfield site includes a 22,000-m2 facility, large storing and logistics area, and connections to key industrial infrastructure that the Company plans to leverage to build a first production capacity of active anode material dedicated to Panasonic Energy. Leveraging the technology and engineering work carried out thus far, the Company is working to retrofit its plan to the newly acquired building and develop a Class 3 estimate as per the American Association of Cost Engineers Recommended Practice 47R-11 for this brownfield development. The industrial building and associated infrastructure should enable the Company to lower infrastructure costs, optimize CAPEX per tonne costs for this first stage development, and streamline permitting, engineering, and construction timelines to align the commissioning period with that of the Matawinie Mine. The Company is working with its strategic shareholders and targeted financial partners toward a Becancour FID in H2-2026.