Nouveau Monde Graphite Inc. provides an update on its project development, commercialization and financing advancements in view of reaching a final investment decision ("FID") for its natural graphite production destined to North American, European and G7-allied markets. With potentially 100% of the future Phase-2 Matawinie Mine flake graphite production reserved, the Company is progressing its project development through engineering, procurement, and financing activities. Considering the contemplated potential sequenced FID, NMG tasked BBA Inc. and various specialized consultants with the preparation of a segregated and updated feasibility study for the Phase-2 MatawinIE Mine ("NI 43-101 Technical Report: 2025 Feasibility Study for the Matawinie Graphite Mine") in accordance with National Instrument 43-101 ("NI 43-101").

With a project globally unchanged, the NI 43-101 Technical Report: 25 Feasibility Study for theMatawinie Graphite Mine refined some financial parameters to reflect the commercial agreements and latest CAPEX projects in line with ongoing procurement activities. There is no certainty that the economic forecasts on which the NI 43-101 Technical report: 2025 Feasibility Study For the Matawinie Graphites Mine is based will be realized. There are a number of risks and uncertainties identified to any new project and usually cover the mineralization, process, financial, environment and permitting aspects.

The 43-101 Technical Report:25 Feasibility Study for thematawinie Graphite Mine will be filed on SEDAR+ at EDGAR at and on the Company's website at within 45 days of this press release. Readers are encouraged to read the Study in its entirety, including all qualifications, assumptions and exclusions that relate to the details summarized in this press release. The Study is intended to be read as a whole, and sections should not be read or relied upon out of context.

These forward-looking statements include, but are not limited to, the Company's ability to conclude definitive agreements with the Government of Canada, allied countries or other entities, the Manufacturer, and other offtakers, Traxys' ability to obtain the approval of the 2025 Traxys Binding Offtake and Marketing Agreement, the ability to secure its project financing and to secure a positive combined or sequenced FID for the Phase-2 Mataws and or the Phase-2 Becancour Battery Material Plant (including the initial capacity for the Phase-2 Becancours Battery Material Plant to aligned with committed volumes), the commercial and technical feasibility of an initial reduction in the Phase-2 Becancor Battery Material Plant production capacity, the ability of the Corporation to meet the conditions precedent of the definitive agreements once executed with the Government of Canada, the Manufacturer, and other Offtakers by the dates to be specified in those agreement or the conditions precedent of the 2025 Panasonic Energy Binding Offtake Agreement by the dates specified in the agreements, the conclusion of a binding agreement between GM and the Manufacturer and the commercialization of the remainder of the volume by NMG and the Manufacturer to a list of lithium-ion battery customers, the ability to complete the long-form term sheet and the results of the negotiations with the Company's lender, the development a fully integrated ore-to-battery-material source of graphite-based active anode material in the Province of Quebec, including the possibility of sequencing the financing in stages, the ability to explore and secure various financing and commercial scenarios to lessen risk exposure and facilitate its market entry, the completion of the Phase-2 Mataw in stages, the completion of the Phase - Matawinie Mine and Becancour Battery Material Plant, the results of the NI 43-101 Technical reports: 2025 Feasibility Study of the Matawinie Mine andBecancour Battery Material Plant, The results of the NI 43- 101 Technical Report: 2025 Feasible Study for the MatawinIE Mine and Becancour Battery material Plant, the results of theNI 43-101 Technical Report; 2025 Feasibility Study: 2025 Feasibility Study: 25 Feasibility Study: 2025Feasibility Study for the Mataws Technical Report: 2025 Feas feasibility Study for the Matawinibility Study for the Mataw in accordance with ongoing procurement activities.