NMG Provides Q2 2026 Update and Highlights a Defining Quarter Shifting From Development to Execution of Its Matawinie Mine

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Current Business Opportunities

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The Company has observed growing interest from potential customers seeking to diversify and secure their critical minerals supply chains as they try to navigate the current geopolitical situation, characterized by growing trade frictions between Europe, China and the United States and near-term uncertainty in certain regions of the Middle East and Africa.

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NMG’s integrated business model, underpinned by low-cost hydropower, the proximity between the mine and the planned transformation asset, and Canada’s and Québec’s established industrial ecosystems, remains a key differentiator.

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In the near future, the Corporation intends to expand commercial discussions with respect to the 30,000 tonnes of flake graphite expected to be produced at the Matawinie mine and which is currently earmarked for the spot market. Amongst others, it intends to advance commercial discussions with Eni S.p.A towards a potential 15ktpy graphite concentrate offtake or equivalent in active anode material.

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At the same time, it is also exploring various business opportunities, mainly with customers that are part of the lithium-ion battery supply chain, may it be for electric vehicles or the fast-growing Battery Energy Storage Systems (BESS) market.

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Notwithstanding the outcome of these specific commercial discussions, the Corporation has also approached other large G7 integrated conglomerates that have investments or investment plans in battery plants making them potential customers for the Corporation’s natural graphite anode material.

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To consult NMG’s Management Discussion and Analysis for the six-month period ended June 30, 2026, visit: https://nmg.com/wp-content/uploads/2026/08/MDA-Q2-2026-ENG-VF.pdfAbout Nouveau Monde Graphite Nouveau Monde Graphite is an integrated company developing responsible mining and advanced processing operations to supply the global economy with carbon-neutral advanced graphite materials. The Company is developing in Québec, Canada, a fully integrated ore-to-processed-graphite value chain to serve tomorrow’s industries in energy, advanced technology, and manufacturing. With recognized ESG standards and structuring partnerships with major customers, NMG is set to become a strategic supplier of advanced materials to leading specialized manufacturers while promoting sustainability, innovation, and supply chain traceability. www.NMG.com.

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Subscribe to our news feed: https://bit.ly/3UDrY3XCAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATIONThis press release contains “forward-looking information” and “forward-looking statements” within the meaning of applicable securities legislation (collectively, “forward-looking statements”), including, but not limited to, statements relating to future financial or operating events or future performance of the Company and reflect management’s expectations and assumptions regarding the Company’s growth, results, performance and business prospects and opportunities. Such forward-looking statements reflect management’s current beliefs and are based on information currently available to it. In some cases, forward-looking statements can be identified by words such as “aim”, “anticipate”, “aspire”, “attempt”, “believe”, “budget”, “could”, “estimate”, “expect”, “forecast”, “intend”, “may”, “mission”, “plan”, “potential”, “predict”, “progress”, “outlook”, “schedule”, “should”, “study”, “target”, “will”, “would” or the negative of these terms or other similar expressions concerning matters that are not historical facts. In particular, statements regarding the Company’s future results, the intended construction and commissioning timeline of the Matawinie Mine Project and the ramp-up period or commercial production, the 13ktpy Bécancour Battery Material Plant, the intended strategy and development of the 13ktpy Bécancour Battery Material Plant, the intended strategy and development of Additional Battery Material Plants, the possibility that the powerline may not be operational in due time for the Matawinie Mine Project commissioning phase, the economic performance and product development efforts, as well as the Company’s expected achievement of milestones, the ability to obtain sufficient financing for the development of the 13ktpy Bécancour Battery Material Plant Project on favorable terms for the Company, including the completion of the financing and the FID for the 13ktpy Bécancour Battery Material Plant Project, the satisfaction of the terms and conditions, conditions precedent, as well as qualification requirements of the product and the commercial operations as set forth in the offtake agreements entered into with the Company, the Company’s development activities and production plans, the Company’s ability to provide advanced materials while promoting sustainability and supply chain traceability, including the Company’s green and sustainable lithium-ion active anode material initiatives, the Company’s ability to establish a local, carbon-neutral, and traceable turnkey supply of graphite for the Western World, market trends, the consumers demand for components in lithium-ion batteries for electric vehicles, energy storage solutions, and consumer technology applications, the Company’s competitive advantages, macroeconomic conditions, the impact of applicable laws and regulations, the results of the 2026 Class 3 AACE Project Cost Estimates for the 13ktpy Bécancour Battery Material Plant, and any other feasibility study and preliminary economic assessments and any information as to future plans and outlook for the Company are or involve forward looking-statements.Forward-looking statements are based on reasonable assumptions that have been made by the Company as at the date of such statements and are subject to known and unknown risks, uncertainties, and other factors that may cause the actual results, level of activity, performance, or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements, including but not limited to, the actual results of current development, engineering and planning activities, access to capital and future prices of graphite, new mining operation inherent risks, mineral exploration and development activities inherent risks, the speculative nature of mining development, changes in mineral production performance, the uncertainty of processing the Company’s technology on a commercial basis, development and production timetables; competition and market risks; pricing pressures; other risks of the mining industry, and additional engineering and other analysis as required to fully assess their impact; the fact that certain of the initiatives described in this press release are still in the early stages and may not materialize; business continuity and crisis management; political instability and international conflicts and additionally, such other factors discussed in the section entitled “Risk Factors” in the Company’s most recent annual information form, which is available under the Company’s profile on SEDAR+ (www.sedarplus.ca) and on EDGAR (www.sec.gov).Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that may cause results not to be as anticipated, estimated, or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and are cautioned that the list of risks, uncertainties, assumptions and other factors are not exhaustive. The Company does not undertake to update or revise any forward-looking statements that are included in this press release, whether as a result of new information, future events, or otherwise, except in accordance with applicable securities laws. Additional information regarding the Company is available on SEDAR+ (www.sedarplus.ca), on EDGAR (www.sec.gov) and on the Company’s website (www.NMG.com).

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