Recent Updates — NMG

Nouveau Monde Graphite Inc. appointed Lapo Pistelli to its Board of Directors, effective immediately. The appointment was triggered by Eni S.p.A. exercising a board nomination right acquired as a strategic shareholder during the company's earlier financing package for the Matawinie Mine project. Mr. Pistelli brings experience in international law, geopolitics, and energy markets, having previously served as Deputy Minister of Foreign Affairs of Italy and holding senior roles at Eni. This move aims to strengthen the board's expertise in navigating complex geopolitical environments and fostering strategic partnerships as NMG advances toward a Final Investment Decision for its Bécancour Battery Material Plant. Nouveau Monde Graphite is an integrated company developing responsible mining and advanced processing operations to supply carbon-neutral advanced graphite materials.

Nouveau Monde Graphite Inc. issued 283,265 common shares valued at US$1.21 per share to Investissement Québec as payment for accrued interest on its unsecured convertible note for the third quarter of 2026. This transaction, totaling US$342,751, was approved by the Toronto Stock Exchange and New York Stock Exchange and constitutes a related-party transaction under Regulation 61-101. The shares are subject to a four-month-and-one-day hold period. Nouveau Monde Graphite is an integrated company developing responsible mining and advanced processing operations to supply carbon-neutral advanced graphite materials.

Nouveau Monde Graphite Inc. announced the Financial Investment Decision (FID) and official construction launch for Phase 2 of its Matawinie Mine, following a C$427 million equity financing package that included a C$295 million private placement with strategic investors and the release of C$132 million from escrow. The company secured a long-term take-or-pay agreement with the Government of Canada for 30ktpy of flake graphite, featuring an upside-sharing mechanism, while also advancing commercial discussions with Eni S.p.A. for a potential 15ktpy offtake. Additionally, NMG completed a Class 3 cost estimate for its 13ktpy Bécancour Battery Material Plant, projecting C$374 million in CAPEX and targeting an FID in H2 2026. The company reported period-end cash of C$461 million and zero major environmental incidents as of June 30, 2026. Nouveau Monde Graphite Inc. is a mining and processing company developing integrated natural graphite operations for the battery supply chain.

Nouveau Monde Graphite Inc. filed its condensed consolidated interim unaudited financial statements for the six-month period ended June 30, 2026. The company reported a net income of $4,962 thousand CAD, driven by fair value gains on derivative liabilities and subscription receipts, compared to a net loss in the prior year period. Cash and cash equivalents increased significantly to $460,597 thousand CAD from $73,940 thousand CAD at year-end 2025, primarily due to a private placement completed on May 15, 2026, with Canada Growth Fund, Investissement Québec, and ENI for $294.6 million CAD, alongside the release of $132.3 million CAD from subscription receipts. These transactions formed part of a $426.9 million equity financing package that enabled the final investment decision for the Phase 2 Matawinie Mine, which is now under construction with an estimated total CAPEX of $649.4 million CAD. The company also completed a Class 3 AACE cost estimate for the 13ktpy Bécancour Battery Material Plant, projecting a CAPEX of approximately $374 million CAD and targeting a final investment decision in the second half of 2026. Nouveau Monde Graphite Inc. operates in the mining industry, developing integrated natural graphite production facilities to supply carbon-neutral advanced materials for lithium-ion batteries.

Nouveau Monde Graphite Inc. filed a 6-K to provide notice and management information circular-related documents, proxy form, and notice of special and annual general meeting of shareholders. Nouveau Monde Graphite Inc. is a graphite mining and processing company based in Quebec, Canada.