E-Energy Sources Inc. to Start Buying and selling on the Canadian Securities Change Below the Image “EPR” on January 13, 2023

+ Outcomes point out an after-tax IRR of 25.9% and an 8% low cost fee NPV of C$ 2,173 million based mostly on present pricing projections for flake focus.

+ The Uatnan Mining Undertaking helps NMG’s Section-3 enlargement plans with up to date operational parameters and manufacturing volumes consistent with the Firm’s industrial discussions with OEMs and lithium-ion battery cell makers.

+ NMG has prolonged its imaginative and prescient of accountable mining to the Uatnan Mining Undertaking, together with transition plans for all-electric operations, superior environmental administration and proactive First Nation and group engagement, to supply battery and EV producers with responsibly extracted, environmentally reworked, and domestically sourced graphite-based options.

+ Shareholders and analysts are invited to attend an Investor Briefing as we speak at 10:30 a.m. ET hosted by NMG’s Administration Group through webcast: https://us06web.zoom.us/webinar/register/WN_PQUZCrddQuWmw0UUMersow

Nouveau Monde Graphite Inc. (“NMG” or the “Firm”) ( NYSE: NMG , TSX.V: NOU ) in collaboration with Mason Graphite Inc. (“Mason Graphite”) (TSX.V: LLG, OTCQX: MGPHF) releases the outcomes of a preliminary financial evaluation (“PEA”), in accordance with Nationwide Instrument 43-101 Requirements of Disclosure for Mineral Initiatives (“NI 43-101”), for a brand new undertaking overlaying Mason Graphite’s Lac Guéret graphite deposit, the Uatnan mining undertaking (the “Uatnan Mining Undertaking”) situated in Québec, Canada.

This press launch options multimedia. View the complete launch right here: https://www.businesswire.com/information/residence/20230110005458/en/

Location of the Uatnan Mining Project (Photo: Business Wire)

Location of the Uatnan Mining Undertaking (Photograph: Enterprise Wire)

The PEA, performed by engineering corporations BBA Inc. (“BBA”) and GoldMinds Geoservices Inc. (“GMG”), reveals sturdy economics for NMG’s up to date operational parameters and manufacturing volumes focusing on the manufacturing of roughly 500,000 tonnes of graphite focus every year over a 24-year lifetime of mine (“LOM”). The proposed Uatnan Mining Undertaking is at present one of many largest projected pure graphite productions on the planet as battery and electrical car (“EV”) producers search native options for sourcing their graphite-based options amidst rising demand and a projected structural deficit of manufacturing as of this yr as supported by Benchmark Mineral Intelligence (December 2022).

Arne H Frandsen, Chair of NMG, declared: “NMG’s imaginative and prescient is to develop into North America’s most necessary producer of battery grade graphite. The Uatnan Mining Undertaking aligns with our imaginative and prescient of progressive, built-in progress that caters to the market’s necessities for high-quality graphite supplies, native provides, ESG-driven growth, and huge volumes to fulfill EV manufacturing ranges. Constructing on our Matawinie graphite operation’s successes, I’m assured that our prolonged technical group’s experience will allow us to develop what’s projected to develop into one of many world’s largest graphite mines.”

Eric Desaulniers, Founder, President and CEO of NMG, added: “Whereas the core of NMG’s technical group is extraordinarily centered on growing and advancing our Section-2 Matawinie Mine and Bécancour Battery Materials initiatives, it has develop into more and more necessary for our clients and strategic for our shareholders to speed up the deployment of our Section 3. It’s our intention to seize as a lot market share as attainable throughout this historic interval of progress of lithium-ion battery manufacturing in North America and Europe. I’m wanting to work with the Innu First Nation of Pessamit and stakeholders from the Manicouagan area to revive the mining growth of this world-class deposit. The PEA confirms the super potential of the Uatnan Mining Undertaking as a lever of decarbonization for cleantech markets and socioeconomic progress for native communities. We’ll leverage our current Section-1 amenities, the environmental stewardship measures being developed for our Section-2 operations, our proprietary applied sciences, and our demonstrated ESG credentials to advance the Uatnan Mining Undertaking towards growth.

PEA Outcomes: Uncovering the Potential of the Uatnan Mining Undertaking

NMG and its consultants revisited all elements of Mason Graphite’s unique mining undertaking to align the event of the Lac Guéret graphite deposit with as we speak’s market alternative and potential clients’ necessities. The latest technical report from Mason Graphite (SEDAR, Feasibility examine replace of the Lac Guéret Graphite Undertaking issued on December 11, 2018) deliberate for a manufacturing of 51,900 tonnes of graphite focus every year, with the concentrator and tailings storage facility situated offsite within the city of Baie-Comeau, roughly 285 km to the south by highway from the mining operations.

The PEA optimizes the Mineral Sources and goals to increase the unique mining undertaking tenfold by focusing on the manufacturing of roughly 500,000 tonnes of graphite focus every year, completely destined for the anode materials manufacturing market. The concentrator has been relocated to be close to the deposit with electrical wants that might be sourced from the Manic-5 hydroelectric energy station, situated 70 km away.

In step with NMG’s accountable mining method, plans embody progressive website closure with backfilling of the pit with waste rock as a lot as attainable. Extra characterization of waste rock and tailings shall be included within the subsequent engineering section to pick correct tailings and waste rock administration applied sciences. Present baseline research shall be up to date based mostly on the examine space to establish any environmental points, consider potential impacts and develop options for the Uatnan Mining Undertaking.

Industrial parameters have been set utilizing present projections of pricing ready by a third-party skilled for flake focus. Design of the Uatnan Mining Undertaking has been tailor-made to the wants of the battery and EV market, orienting manufacturing volumes for beneficiation with the intention to produce lively anode materials. Pure flake graphite is predicted to enter a structural deficit as of 2023 because of the continued progress of lithium-ion battery manufacturing, outpacing provide capability from graphite producers (Benchmark Mineral Intelligence, December 2022). Therefore, market views and NMG’s lively industrial discussions point out favorable circumstances for commercializing the Uatnan Mining Undertaking manufacturing.

The next lists the financial highlights and operational parameters developed within the PEA. Graphite is expressed in graphitic carbon (“Cg”):

Desk 1: Operational Parameters of the Uatnan Mining Undertaking



24 years

Nominal annual processing fee

3.4 M tonnes

Stripping ratio (LOM)


Common grade (LOM)

17.5% Cg

Common graphite restoration


Common annual graphite focus manufacturing (LOM)

500,000 tonnes

Completed product purity

94% Cg

Cautionary Observe: The PEA is preliminary in nature and contains Inferred Mineral Sources, thought-about too speculative geologically to have the financial concerns utilized to them that might allow them to be categorized as Mineral Reserves, and there’s no certainty that the PEA shall be realized. Mineral sources that aren’t mineral reserves haven’t demonstrated financial viability. Extra trenching and/or drilling shall be required to transform inferred mineral sources to indicated or measured mineral sources. There isn’t a certainty that the sources growth, manufacturing, and financial forecasts on which this PEA relies shall be realized.

Desk 2: Financial Highlights of the Uatnan Mining Undertaking


Uatnan Mining Undertaking

Pre-tax NPV (8% low cost fee)

C$ 3,613 M

After-tax NPV (8 % low cost fee)

C$ 2,173 M

Pre-tax IRR


After-tax IRR


Pre-tax payback

2.8 years

After-tax payback

3.2 years

Preliminary CAPEX

C$ 1,417 M

Sustaining CAPEX

C$ 147 M


C$ 3,236 M

Annual OPEX

C$ 135 M

OPEX per tonne of graphite focus

C$ 268/tonne

Focus promoting value

US$ 1,100/tonne

All prices are in Canadian {dollars} except the graphite sale value which is offered in US {dollars}.

Capital expenditure (“CAPEX”) and operational expenditure (“OPEX”) have been established from take a look at work outcomes, provider quotations and advisor in-house databases. Estimates at present being on the market’s peak as influenced by inflationary traits, NMG, Mason Graphite and their consulting corporations have refined design, engineering, and development parameters to allow price optimization and aggressive pricing. Québec’s inexpensive clear hydropower underpins the Uatnan Mining Undertaking’s financial construction and helps NMG’s undeterred carbon-neutrality dedication.

Contemplating the numerous modifications to Mason Graphite’s unique undertaking, NMG initiated a reputation change with the collaboration of the Innu First Nation of Pessamit. The deposit is situated on the Nitassinan, the Innu of Pessamit’s ancestral territory, in a sector known as Ka uatshinakanishkat which means “the place there’s Tamarack”. Therefore, the identify Uatnan which means Tamarack, a conifer outstanding within the space, was chosen to establish the property and undertaking. The graphite deposit recognized on the property remains to be known as the Lac Guéret deposit.

Preliminary modelling signifies that the Uatnan Mining Undertaking would create roughly 300 direct jobs.

The Property

The Uatnan property presently consists of 74 map-designated claims totalling 3,999.52 hectares (“ha”), wholly owned (100%) by Mason Graphite. The Uatnan Mining Undertaking lies inside Nitassinan, the Innu of Pessamit’s ancestral territory and the Rivière-aux-Outardes municipality situated within the Côte-Nord administrative area, Québec, Canada, roughly 220 km because the crow flies, north northwest of the closest group, the city of Baie-Comeau. The Uatnan Mining Undertaking is accessible by highway 389 after which by following Class 1 forestry roads.

Exploration work on the Uatnan property focused graphite mineralization and consists thus far of airborne geophysics, prospecting, floor geophysics, trenching/channel sampling and core drilling. Bulk floor samples and core samples have been additionally collected for metallurgical and geomechanical assessments. Exploration work uncovered important crystalline flake graphite mineralization, finally resulting in the identification of Mineral Sources and Mineral Reserves (see Mason Graphite’s press launch dated November 9, 2015). On account of important adjustments to the undertaking scope, as talked about above, it was determined that the Uatnan Mining Undertaking would revert to a Preliminary Financial Evaluation degree.

On Could 15, 2022, NMG concluded an funding to discover the potential growth of the Lac Guéret graphite property (now the Uatnan Property). This settlement aligns with NMG’s progress technique with a view to establishing a big, scalable, and absolutely vertically built-in pure graphite manufacturing, from ore to battery supplies, on the western markets’ doorstep.

Mineral Sources

Present Mineral Sources (Desk 3) have been estimated for the Uatnan property based mostly on 25,956 assay intervals collected from 43,343.1 m of core drilling and 4 floor trenches offering 207 channel samples totalling 721.7 m. Correct high quality management measures, together with the insertion of duplicate, clean and commonplace samples, have been used all through the exploration applications and returned inside acceptable limits. Though parameters to find out cheap prospects for eventual financial extraction (RPEE) have been up to date (Desk 4), there are not any important adjustments between the present Mineral Sources and the Mineral Sources final printed on November 9, 2015.

Desk 3: Present Pit-Constrained Mineral Useful resource Estimate


Tonnes (Mt)

Grade (% Cg)

Cg (Mt)

Measured 5.75%




Measured Cg > 25%




Whole Measured




Indicated 5.75%




Indicated Cg > 25%




Whole Indicated




Indicated + Measured 5.75%




Indicated + Measured Cg > 25%




Whole Measured + Indicated




Inferred 5.75%




Inferred Cg > 25%




Whole Inferred




Notes :

  1. The Mineral Sources offered on this desk have been estimated by M. Rachidi P.Geo., and C. Duplessis, Eng., (QPs) of GoldMinds Geoservices Inc., utilizing present Canadian Institute of Mining, Metallurgy and Petroleum (CIM) Requirements on Mineral Sources and Reserves, Definitions and Tips.
  2. Mineral Sources which aren’t Mineral Reserves do not need demonstrated financial viability. The estimate of Mineral Sources could also be materially affected by environmental, allowing, authorized, title, market or different related points. The amount and grade of reported Inferred Mineral Sources are unsure in nature and there has not been enough work to outline these Inferred Mineral Sources as indicated or Measured Mineral Sources. There isn’t a certainty that any a part of a Mineral Useful resource will ever be transformed into Mineral Reserves.
  3. The Mineral Sources offered right here have been estimated with a block measurement of 3mE x 3mN x 3mZ. The blocks have been interpolated from equal-length composites (3 m) calculated from the mineralized intervals.
  4. The Mineral Useful resource estimate was accomplished utilizing the inverse distance to the sq. methodology using three runs. For run 1, the variety of composites was restricted to 10 with a most of two composites from the identical drillhole. For runs two and three the variety of composites was restricted to 10 with a most of 1 composite from the identical drillhole.
  5. The Measured Mineral Sources categorized utilizing a minimal of 4 drillholes. Indicated sources categorized utilizing a minimal of two drillholes. The Inferred Mineral Sources have been categorized by a minimal of 1 drillholes.
  6. Tonnage estimates are based mostly on a hard and fast density of two.9 t/m 3 .
  7. A pit shell to constrain the Mineral Sources was developed utilizing the parameters offered in Desk 4 . The efficient date of the present Mineral Sources is January 10, 2023.
  8. Mineral Sources are acknowledged at a cut-off grade of 5.75% C(g).

Desk 4: Parameters used to develop the pit shell to constrain the Mineral Sources



Mining price

C$ 4.00/t mined

Processing price

C$ 36.00/t milled

Tailings administration price

C$ 2.00/t milled

G&A value

C$ 5.00/t milled

Mill restoration


Focus grade


Focus value

C$ 1,500 /t

Manufacturing fee

3.4 Mtpa

Total pit slope



The mining methodology chosen for the Uatnan Mining Undertaking is a traditional open pit, truck and shovel, drill, and blast operation. Topsoil and overburden can be stripped and stockpiled for future reclamation use. The mineralization and waste rock can be mined with 9-m excessive benches, drilled, blasted, and loaded into 60-tonne rigid-frame haul vehicles with backhoe excavators.

To reduce the environmental footprint of the Uatnan Mining Undertaking, waste rock can be hauled to the tailings storage facility the place it will be disposed of with the tailings. As of yr 5 of operations, waste rock can be backfilled into the mined-out open pit when attainable. The next desk presents the subset of Mineral Sources throughout the pit design for the PEA.

Desk 5: Subset of Mineral Sources throughout the Pit Design for the PEA



Cg Grade

In-Situ Graphite

Measured sources




Indicated sources




Whole M&I sources




Inferred sources




Overburden & waste rock


The mine can be operated by an proprietor fleet, seven days per week, 24 hours per day and be comprised of a 4‑crew system engaged on a two-week in, two-week out rotation. NMG intends to deploy a zero-emission working technique with a battery-powered fleet of haul vehicles and electrical tools because the know-how turns into obtainable. Within the meantime, the PEA used a base case with a diesel-operated fleet.

Processing & Restoration

The method move sheet was developed utilizing the identical metallurgical foundation used for Mason Graphite’s up to date Feasibility Research issued on December 11, 2018. The primary distinction between the 2 flowsheets, other than the elevated plant capability, is the supposed end-use of the fabric. Provided that 100% of the graphite focus produced from the Uatnan Mining Undertaking is destined for the battery market, preserving flake sizes is now not thought-about within the processing route. Given this consideration, the flowsheet was simplified by decreasing the variety of each sprucing and cleaner flotation levels from 4 to 2. This variation minimizes the variety of grinding mills and flotation cells required, decreasing each the capital and working prices for the Uatnan Mining Undertaking.

The flowsheet consists of a mineral sizer to scale back the dimensions of the run of mine (“ROM”) mineral earlier than it’s fed to a SAG mill for main grinding. The bottom mineral then undergoes rougher flotation, after which the reground and scavenged focus is mixed with the rougher focus for additional processing. The focus then undergoes two extra levels of regrinding, first in a ball mill forward of the primary cleansing step, then a second regrind in a tower mill forward of secondary cleansing. The ensuing focus undergoes a remaining deliming stage to take away low-grade minus 20-micron particles to maximise the ultimate focus grade. The concentrator tailings are filtered and delivered to the tailings storage facility. The focus is filtered and dried earlier than being trucked 285 km to Baie-Comeau for transport to market.

Financial Analysis

The CAPEX, summarized under, covers the event of the mine, processing amenities, and infrastructure required for the Uatnan Mining Undertaking. It’s based mostly on the appliance of normal costing strategies of attaining a PEA which gives the accuracy of -30% to +50%. The working price covers mining, processing, focus haulage, tailings and water administration, basic and administration charges, in addition to infrastructure and companies.

Desk 6: Abstract of Uatnan Mining Undertaking CAPEX Prices





Web site infrastructure


Offsite infrastructure


Water remedy and tailings


Ore crushing and course of plant








Preliminary CAPEX


Sustaining CAPEX


Desk 7: Abstract of Important Uatnan Mining Undertaking OPEX Prices


LOM OPEX Price ($M)

C$/t Conc.

Mining and tailings






Water administration









Subsequent Steps and High quality Assurance

The PEA reveals that the Uatnan Mining Undertaking is technically possible in addition to economically viable. It additional strengthens NMG’s lively industrial discussions and the Firm’s plans for progress by means of a Section-3 enlargement.

On the premise of those optimistic outcomes, NMG intends to launch an up to date feasibility examine in compliance with the possibility and three way partnership settlement signed with Mason Graphite . The Uatnan Mining Undertaking must undergo the method of the Authorities of Québec’s Atmosphere High quality Act with the target of acquiring a ministerial decree.

NMG is dedicated to extending its method of open and proactive engagement with Indigenous Peoples and native stakeholders to the Uatnan Mining Undertaking. The Firm plans to take care of a clear dialogue with the Innu First Nation of Pessamit because it advances the undertaking growth to make sure the respect of their rights, the safety of the setting, their tradition, lifestyle and spirituality, in addition to the inclusion of their perspective, and conventional data. NMG additionally pledges to increase its relationships with stakeholders from all horizons to foster mechanisms for collaboration and form a undertaking producing shared worth.

Shareholders and analysts are invited to attend a webcast Investor Briefing this morning, Tuesday, January 10, 2023, at 10:30 a.m. ET. Hosted by President and CEO Eric Desaulniers with the participation of NMG’s Administration Group, the briefing will entail a technical presentation adopted by a question-and-answer session. Registration needs to be accomplished previous to the beginning of the briefing at: https://us06web.zoom.us/webinar/register/WN_PQUZCrddQuWmw0UUMersow .

There isn’t a certainty that the financial forecasts on which this PEA relies shall be realized. The PEA is preliminary in nature and contains Inferred Mineral Sources which might be thought-about too speculative geologically to have the financial concerns utilized to them that might allow them to be categorized as Mineral Reserves, and there’s no certainty that the PEA shall be realized. Mineral Sources that aren’t Mineral Reserves haven’t demonstrated financial viability. Extra trenching and/or drilling shall be required to transform Inferred Mineral Sources to Indicated or Measured Mineral Sources. There isn’t a certainty that the sources growth, manufacturing, and financial forecasts on which this PEA relies shall be realized. There are a variety of dangers and uncertainties identifiable to any new undertaking and often cowl the mineralization, mineral processing, monetary, environmental and allowing points. NMG’s Section-3 isn’t any totally different, and an analysis of the attainable dangers was undertaken as a part of the PEA.

Scientific and technical info offered on this press launch was reviewed and authorized by André Allaire, P.Eng. (BBA), Jeffrey Cassoff, P.Eng. (BBA), Claude Duplessis (GoldMinds Geoservices), and Merouane Rachidi, P.Geo. (GoldMinds Geoservices) Certified Individuals as outlined underneath NI 43-101.

The PEA for the Uatnan Mining Undertaking, ready in accordance with NI 43-101 pointers, shall be filed on SEDAR at www.sedar.com , EDGAR at www.sec.gov and on the Firm’s web site at www.NMG.com inside 45 days of this press launch. Readers are inspired to learn the PEA in its entirety, together with all {qualifications}, assumptions and exclusions that relate to the main points summarized on this press launch. The PEA is meant to be learn as an entire, and sections shouldn’t be learn or relied upon out of context.

About Nouveau Monde Graphite

Nouveau Monde Graphite is striving to develop into a key contributor to the sustainable vitality revolution. The Firm is working in direction of growing a completely built-in supply of carbon-neutral battery anode materials in Québec, Canada for the rising lithium-ion and gasoline cell markets. With low-cost operations and enviable ESG requirements, NMG aspires to develop into a strategic provider to the world’s main battery and car producers, offering high-performing and dependable superior supplies whereas selling sustainability and provide chain traceability. www.NMG.com

About Mason Graphite

Mason Graphite is a Canadian company centered on looking for funding alternatives. Its technique is to develop vertical and horizontal integration within the mining trade, with a particular concentrate on industrial and specialty minerals, notably battery-related supplies and their by-products. Its technique additionally contains the event of value-added merchandise, notably for inexperienced applied sciences like transport electrification. The Firm at present owns 100% of the rights to the Lac Guéret deposit, one of many richest graphite deposits on the planet, which is underneath an Possibility and Joint Enterprise Settlement with Nouveau Monde Graphite Inc. (TSX-V: NOU) (NYSE: NMG). Mason Graphite can be the most important shareholder of Black Swan Graphene Inc., a Canadian publicly traded firm (TSX-V: SWAN) (OTCQB: BSWGF) specializing in the large-scale manufacturing and commercialization of patented high-performance and low-cost graphene merchandise aimed toward a number of industrial sectors, together with concrete, polymers, Li-ion batteries and others.

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Cautionary Observe

All statements, aside from statements of historic reality, contained on this press launch together with, however not restricted to these describing the impression of the foregoing on the Uatnan Mining Undertaking economics, PEA outcomes (as such outcomes are set out within the varied tables featured above, and are commented within the textual content of this press launch), together with CAPEX, OPEX, NPV and IRR, the estimated worth of the Uatnan Mining Undertaking, operations growth situations for the Uatnan Mining Undertaking, industrial and technical parameters, the enticing economics for the Uatnan Mining Undertaking, LOM plans, the Firm’s supposed advertising and marketing technique, , market traits, future graphite costs, the impression of the Uatnan Mining Undertaking on the native communities, together with job creation, the projected annual manufacturing of the Firm’s Section-3 operations, the anticipated electrification technique and its supposed outcomes and advantages, the potential outcomes and advantages of the Firm’s proprietary applied sciences, the timelines and prices associated to the varied initiatives, deliverables and milestones described on this press launch and their anticipated outcomes, the Firm’s anticipated monetary and operational efficiency, the character of relationships with stakeholders equivalent to the local people together with the Innu First Nation of Pessamit, future demand for batteries and EVs, the target of growing one of many largest absolutely built-in pure graphite operations within the World, the manufacturing of carbon-neutral anode materials, Mineral Useful resource estimates (together with assumptions and estimates utilized in making ready the Mineral Useful resource estimates), the overall enterprise and operational outlook of the Firm, the Firm’s future progress and enterprise prospects, the Firm’s ESG commitments, initiatives and targets, and people statements that are mentioned underneath the “About Nouveau Monde” paragraph and elsewhere within the press launch which primarily describe the Firm’s outlook and aims, represent “forward-looking info” or “forward-looking statements” (collectively, “forward-looking statements”) throughout the which means of Canadian and United States securities legal guidelines, and are based mostly on expectations, estimates and projections as of the time of this press launch. Ahead-looking statements are essentially based mostly upon various estimates and assumptions that, whereas thought-about cheap by the Firm as of the time of such statements, are inherently topic to important enterprise, financial and aggressive uncertainties and contingencies. These estimates and assumptions could show to be incorrect. Furthermore, these forward-looking statements have been based mostly upon varied underlying elements and assumptions, together with the present technological traits, the enterprise relationship between the Firm and its stakeholders, the power to function in a secure and efficient method, the well timed supply and set up at estimated costs of the tools supporting the manufacturing, assumed sale costs for graphite focus , the accuracy of any Mineral Useful resource estimates, future forex change charges and rates of interest, political and regulatory stability, costs of commodity and manufacturing prices, the receipt of governmental, regulatory and third social gathering approvals, licenses and permits on favorable phrases, sustained labor stability, stability in monetary and capital markets, availability of apparatus and significant provides, spare elements and consumables, the varied tax assumptions, CAPEX and OPEX estimates, the Uatnan Mining Undertaking permits’ standing, all financial and operational projections referring to the undertaking, native infrastructures, the Firm’s enterprise prospects and alternatives and estimates of the operational efficiency of the tools, and aren’t ensures of future efficiency.

Ahead-looking statements are topic to identified or unknown dangers and uncertainties that will trigger precise outcomes to vary materially from these anticipated or implied within the forward-looking statements. Danger elements that might trigger precise outcomes or occasions to vary materially from present expectations embody, amongst others, these dangers that are mentioned underneath the “Subsequent Steps and High quality Assurance” paragraph, delays within the scheduled supply occasions of the tools, the power of the Firm to efficiently implement its strategic initiatives and whether or not such strategic initiatives will yield the anticipated advantages, the provision of financing or financing on favorable phrases for the Firm, the dependence on commodity costs, the impression of inflation on prices, the dangers of acquiring the required permits, the working efficiency of the Firm’s property and companies, aggressive elements within the graphite mining and manufacturing trade, adjustments in legal guidelines and laws affecting the Firm’s companies, political and social acceptability danger, environmental regulation danger, forex and change fee danger, technological developments, the impacts of the worldwide COVID-19 pandemic and the governments’ responses thereto, and basic financial circumstances, in addition to earnings, capital expenditure, money move and capital construction dangers and basic enterprise dangers. An additional description of dangers and uncertainties will be present in NMG’s Annual Info Type dated March 22, 2022, together with within the part thereof captioned “Danger Components”, which is accessible on SEDAR at www.sedar.com and on EDGAR at www.sec.gov . Unpredictable or unknown elements not mentioned on this Cautionary Observe might even have materials opposed results on forward-looking statements.

Many of those uncertainties and contingencies can straight or not directly have an effect on, and will trigger, precise outcomes to vary materially from these expressed or implied in any forward-looking statements. There will be no assurance that forward-looking statements will show to be correct, as precise outcomes and future occasions might differ materially from these anticipated in such statements. Ahead-looking statements are offered for the aim of offering details about administration’s expectations and plans referring to the long run. The Firm disclaims any intention or obligation to replace or revise any forward-looking statements or to elucidate any materials distinction between subsequent precise occasions and such forward-looking statements, besides to the extent required by relevant regulation.

The market and trade information contained on this press launch relies upon info from unbiased trade publications, market analysis, analyst reviews and surveys and different publicly obtainable sources. Though the Firm believes these sources to be usually dependable, market and trade information is topic to interpretation and can’t be verified with full certainty as a result of limits on the provision and reliability of uncooked information, the voluntary nature of the data-gathering course of and different limitations and uncertainties inherent in any survey. The Firm has not independently verified any of the information from third-party sources referred to on this press launch and accordingly, the accuracy and completeness of such information isn’t assured.

Disclosures relating to Mineral Useful resource estimates included on this press launch have been ready in accordance with Canadian NI 43-101. The disclosures included on this press launch use the phrases “Feasibility Research,” “Mineral Useful resource,” “Inferred Mineral Useful resource,” “Indicated Mineral Useful resource,” “Measured Mineral Useful resource,” in reference to the presentation of sources, as every of those phrases is outlined in accordance with the CIM Definition Requirements on Mineral Sources and Reserves adopted by the CIM Council, as required by NI 43-101. Except in any other case indicated, all useful resource estimates included on this press launch have been ready in accordance with the CIM Definition Requirements, as required by NI 43-101.

NI 43-101 is a rule developed by the Canadian Securities Directors that set up the Canadian requirements for all public disclosure an issuer makes of scientific and technical info regarding mineral initiatives. These requirements differ from the necessities of the United Securities and Change Fee (the “SEC”). Accordingly, mineral useful resource and reserve info included on this press launch is probably not similar to related info made public by United States corporations reporting pursuant to SEC reporting and disclosure necessities.

Neither the TSX Enterprise Change nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Change) accepts accountability for the adequacy or accuracy of this launch.

Additional info relating to the Firm is accessible within the SEDAR database ( www.sedar.com ), and for United States readers on EDGAR ( www.sec.gov ), and on the Firm’s web site at: www.NMG.com


Julie Paquet
VP Communications & ESG Technique
+1-450-757-8905 #140
[email protected]


Marc Jasmin
Director, Investor Relations
+1-450-757-8905 #993
[email protected]

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