NMG Executes Updated Binding Offtake and Marketing Framework with Government of Canada for Matawinie Graphite

Nouveau Monde Graphite has executed an updated binding long-form term sheet with the Government of Canada for the supply and storage of graphite concentrate from the Matawinie Mine. The framework includes a commitment to purchase 30,000 tonnes per annum of flake graphite concentrate on a take-or-pay basis over seven years, with pricing based on the North American fixed price and an annual inflation adjustment. The marketing framework allows NMG to resell committed volumes with a 50-50 upside-sharing mechanism.