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NMG Pays Accrued Interests

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Nouveau Monde Graphite (NYSE: NMG, TSX: NOU) has announced the payment of accrued interests for Q1 2025 through the issuance of common shares to Investissement Québec. The payment is part of a previously announced private placement from November 8, 2022.

The company will issue 194,684 common shares at US$1.49 per share, totaling US$290,079. These shares will be delivered to Investissement Québec at the maturity, conversion, or redemption of the unsecured convertible note. The shares will be subject to a 4-month and one-day hold period, pending approval from both the Toronto Stock Exchange and New York Stock Exchange.

Nouveau Monde Graphite (NYSE: NMG, TSX: NOU) ha annunciato il pagamento degli interessi maturati per il primo trimestre del 2025 tramite l'emissione di azioni ordinarie a Investissement Québec. Il pagamento fa parte di un collocamento privato precedentemente annunciato l'8 novembre 2022.

La società emetterà 194.684 azioni ordinarie a 1,49 USD per azione, per un totale di 290.079 USD. Queste azioni saranno consegnate a Investissement Québec alla scadenza, conversione o rimborso della nota convertibile non garantita. Le azioni saranno soggette a un periodo di blocco di 4 mesi e un giorno, in attesa dell'approvazione sia della Borsa di Toronto che della Borsa di New York.

Nouveau Monde Graphite (NYSE: NMG, TSX: NOU) ha anunciado el pago de intereses acumulados para el primer trimestre de 2025 mediante la emisión de acciones ordinarias a Investissement Québec. El pago forma parte de una colocación privada previamente anunciada el 8 de noviembre de 2022.

La empresa emitirá 194,684 acciones ordinarias a 1.49 USD por acción, totalizando 290,079 USD. Estas acciones se entregarán a Investissement Québec a la madurez, conversión o redención de la nota convertible no asegurada. Las acciones estarán sujetas a un período de retención de 4 meses y un día, a la espera de la aprobación tanto de la Bolsa de Valores de Toronto como de la Bolsa de Valores de Nueva York.

노부 망드 그래파이트(NYSE: NMG, TSX: NOU)는 2025년 1분기 발생한 이자를 Investissement Québec에 보통주 발행을 통해 지급한다고 발표했습니다. 이 지급은 2022년 11월 8일에 발표된 사모 배치의 일환입니다.

회사는 194,684주1.49 USD의 가격으로 발행하여 총 290,079 USD에 달합니다. 이 주식은 무담보 전환사채의 만기, 전환 또는 상환 시 Investissement Québec에 전달될 것입니다. 이 주식은 토론토 증권 거래소와 뉴욕 증권 거래소의 승인을 기다리는 4개월 1일의 보유 기간이 적용됩니다.

Nouveau Monde Graphite (NYSE: NMG, TSX: NOU) a annoncé le paiement des intérêts accumulés pour le premier trimestre 2025 par l'émission d'actions ordinaires à Investissement Québec. Ce paiement fait partie d'un placement privé précédemment annoncé le 8 novembre 2022.

L'entreprise émettra 194 684 actions ordinaires à 1,49 USD par action, totalisant 290 079 USD. Ces actions seront remises à Investissement Québec à l'échéance, à la conversion ou au remboursement de la note convertible non garantie. Les actions seront soumises à une période de blocage de 4 mois et un jour, en attente de l'approbation de la Bourse de Toronto et de la Bourse de New York.

Nouveau Monde Graphite (NYSE: NMG, TSX: NOU) hat die Zahlung der aufgelaufenen Zinsen für das erste Quartal 2025 durch die Ausgabe von Stammaktien an Investissement Québec angekündigt. Die Zahlung ist Teil einer zuvor am 8. November 2022 angekündigten Privatplatzierung.

Das Unternehmen wird 194.684 Stammaktien zu einem Preis von 1,49 USD pro Aktie ausgeben, was insgesamt 290.079 USD ergibt. Diese Aktien werden bei Fälligkeit, Umwandlung oder Rückzahlung der unbesicherten Wandelanleihe an Investissement Québec geliefert. Die Aktien unterliegen einer Haltefrist von 4 Monaten und einem Tag, die auf die Genehmigung sowohl der Toronto Stock Exchange als auch der New York Stock Exchange wartet.

Positive
  • Interest payment through shares preserves cash for operations
  • Continued support from major stakeholder Investissement Québec
Negative
  • Share issuance will result in dilution for existing shareholders
  • Transaction with related party (>10% holder) may raise governance concerns

MONTRÉAL--(BUSINESS WIRE)-- Nouveau Monde Graphite Inc. (“NMG” or the “Company”) (NYSE: NMG, TSX: NOU) announces the payment of accrued interests as part of a previously announced private placement.

Settlement of Accrued Interests

Upon the approval of the Toronto Stock Exchange and the New York Stock Exchange (the “Exchanges”), the accrued interests owed to Investissement Québec (“Holder”) for the first quarter of 2025 under the unsecured convertible note, as amended and restated, (the “Note”) issued in connection with the private placement announced by press release dated November 8, 2022, will be deemed paid.

194,684 common shares at a price of US$1.49 (each, a “Common Share”) representing an aggregate amount of US$290,079 will be issued and share certificates will be delivered to the Holder at the maturity, conversion or redemption of the Note in payment of the accrued interests due on March 31, 2025, for the first quarter of the year. The issuance of Common Shares is subject to the approval of the Exchanges and, when issued, will be subject to a hold period of four (4) months and one day.

The payment of interest in the form of Common Shares of the Corporation takes place in favor of Investissement Québec, a holder of more than 10% of the securities of the Company, which constitutes a “transaction with a related party” within the meaning of Regulation 61-101 on measures to protect minority holders during specific transactions (“Regulation 61-101”). However, the directors of the Company, who voted, have determined that the exemptions from the official valuation obligation and the approval of minority holders, provided for in sections 5.5 a) and 5.7 1) a) of Regulation 61-101 respectively, may be invoked as neither the fair market value of the shares issued to this insider nor the fair market value of the consideration paid does not exceed 25% of the market capitalization of the Company. No director of the Company has expressed a contrary opinion or disagreement in connection with the foregoing.

A material change report relating to this transaction with a related party will be filed by Nouveau Monde no later than 21 days prior to the date on which the Common Shares are expected to be issued as the conditions in connection with the issuance of the Common Shares were not determined.

About Nouveau Monde Graphite

Nouveau Monde Graphite is an integrated company developing responsible mining and advanced manufacturing operations to supply the global economy with carbon-neutral active anode material to power EV and renewable energy storage systems. The Company is developing a fully integrated ore-to-battery-material source of graphite-based active anode material in Québec, Canada. With recognized ESG standards and structuring partnerships with anchor customers, NMG is set to become a strategic supplier to the world’s leading lithium-ion battery and EV manufacturers, providing advanced materials while promoting sustainability and supply chain traceability. www.NMG.com

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Cautionary Note Regarding Forward-Looking Information

All statements, other than statements of historical fact, contained in this press release including, but not limited to those describing the potential conversion of the Notes, the issuance of the Common Shares and those statements which are discussed under the “About Nouveau Monde Graphite” paragraph and elsewhere in the press release which essentially describe the Company’s outlook and objectives, constitute “forward- looking information” or “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of Canadian and United States securities laws, and are based on expectations, estimates and projections as of the time of this press release. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Company as of the time of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect. Moreover, these forward-looking statements were based upon various underlying factors and assumptions, including the current technological trends, the business relationship between the Company and its stakeholders, the ability to operate in a safe and effective manner, the timely delivery and installation of the equipment supporting the production, the Company’s business prospects and opportunities and estimates of the operational performance of the equipment, and are not guarantees of future performance.

Forward-looking statements are subject to known or unknown risks and uncertainties that may cause actual results to differ materially from those anticipated or implied in the forward-looking statements. Risk factors that could cause actual results or events to differ materially from current expectations include, among others, delays in the scheduled delivery times of the equipment, the ability of the Company to successfully implement its strategic initiatives and whether such strategic initiatives will yield the expected benefits, the availability of financing or financing on favorable terms for the Company, the dependence on commodity prices, the impact of inflation on costs, the risks of obtaining the necessary permits, the operating performance of the Company’s assets and businesses, competitive factors in the graphite mining and production industry, changes in laws and regulations affecting the Company’s businesses, political and social acceptability risk, environmental regulation risk, currency and exchange rate risk, technological developments, the impacts of the global COVID-19 pandemic and the governments’ responses thereto, and general economic conditions, as well as earnings, capital expenditure, cash flow and capital structure risks and general business risks. A further description of risks and uncertainties can be found in NMG’s Annual Information Form dated March 30, 2025, including in the section thereof captioned “Risk Factors”, which is available on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov. Unpredictable or unknown factors not discussed in this Cautionary Note could also have material adverse effects on forward-looking statements.

Many of these uncertainties and contingencies can directly or indirectly affect, and could cause, actual results to differ materially from those expressed or implied in any forward-looking statements. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are provided for the purpose of providing information about management’s expectations and plans relating to the future. The Company disclaims any intention or obligation to update or revise any forward-looking statements or to explain any material difference between subsequent actual events and such forward-looking statements, except to the extent required by applicable law.

Neither the Toronto Stock Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Toronto Stock Exchange) accepts responsibility for the adequacy or accuracy of this release.

Further information regarding the Company is available in the SEDAR+ database (www.sedarplus.ca), and for United States readers on EDGAR (www.sec.gov), and on the Company’s website at: www.NMG.com

MEDIA

Julie Paquet

VP Communications & ESG Strategy

+1-450-757-8905 #140

jpaquet@nmg.com

INVESTORS

Marc Jasmin

Director, Investor Relations

+1-450-757-8905 #993

mjasmin@nmg.com

Source: Nouveau Monde Graphite Inc.

FAQ

How many shares will NMG issue to pay the Q1 2025 accrued interests?

NMG will issue 194,684 common shares at US$1.49 per share, totaling US$290,079.

What is the hold period for the new NMG shares issued to Investissement Québec?

The issued shares will be subject to a hold period of 4 months and one day.

When will Investissement Québec receive the NMG shares for the accrued interests?

The shares will be delivered at the maturity, conversion, or redemption of the unsecured convertible note.

Which regulatory approvals does NMG need for this share issuance?

NMG needs approval from both the Toronto Stock Exchange (TSX) and New York Stock Exchange (NYSE).
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