+ Panasonic Energy signs multiyear binding Offtake Agreement for 18,000 tonnes per annum of active anode material of NMG’s planned Phase-2 integrated production, from ore to battery materials.

+ Offtake Agreement is complemented by US$25 million Tranche 1 Investment in NMG from Panasonic to support advancement of NMG’s Phase-2 operations in line with specifications refined during qualification process.

+ Panasonic intends to further finance together with potential co-investors an amount valued at about US$150 million, subject to a maximum ownership threshold agreed between the relevant parties, as part of construction funding for NMG’s Phase-2 facilities, following a positive final investment decision.

+ Tranche 1 Investment and Offtake Agreement support NMG’s execution plan for its Phase-2 Matawinie Mine and Bécancour Battery Material Plant enabling the establishment of a local, carbon-neutral, reliable, sizeable, and ESG-driven source of natural graphite.

+ Announcement coincides with parallel supply and investment agreement with General Motors, also covering a significant portion of NMG’s planned Phase-2 production.

+ Respective offtake agreements and investments mark a significant milestone toward future funding of anchor customers of up to US$275 million, subject to certain conditions.

+ Shareholders, analysts, and media are invited to attend an Investor Briefing today at 10:30 a.m. ET hosted by NMG’s Management Team via webcast.

MONTRéAL, February 15, 2024--(BUSINESS WIRE)--Nouveau Monde Graphite Inc. ("NMG" or the "Company") (NYSE: NMG, TSX.V: NOU) and Panasonic Energy Co., Ltd. ("Panasonic Energy"), a wholly owned subsidiary of Panasonic Holdings Corporation ("Panasonic") (TYO: 6752), have entered into a binding offtake agreement (the "Offtake Agreement") pursuant to which NMG will supply 18,000 tonnes per annum ("tpa") of its planned Phase-2 active anode material production to Panasonic Energy for an initial period of seven years. In addition to the Offtake Agreement, NMG and Panasonic also entered into a subscription agreement (the "Subscription Agreement") for Panasonic to make an initial US$25-million equity investment in NMG (the "Tranche 1 Investment") to support the advancement of NMG’s Phase-2 operations – the Matawinie Mine and the Bécancour Battery Material Plant – in line with Panasonic Energy’s specifications refined during the qualification process and technical collaboration.

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.