Nouveau Monde Graphite Inc. held its hybrid Annual General and Special Meeting of Shareholders (the "Meeting") from its Phase-1 plant in
Saint-Michel-des-Saints, an occasion to showcase its brand-new coating line with a nameplate capacity of 2,000 tonnes per annum ("tpa"). Completing the Company's integrated anode material production, from ore to battery material, the coating module was built over H1-2022 to complement NMG's portfolio of advanced materials. The ultimate beneficiation step, coating is instrumental to battery technology. Coating helps create a stable electrolyte interface layer in the battery system and increase initial coulombic efficiency and discharge capacity, thus extending the battery performance over time. With this addition, NMG now operates the only fully integrated North American natural graphite production and is positioned to provide customers with a variety of customizable high-purity advanced materials to meet their specifications, desired environmental footprint, and quality standards. NMG's innovative coating technology is projected to generate up to 25% energy reduction compared to the dominant manufacturing operations, with a minimal environmental footprint due to the Company's access to clean hydropower and its strong ESG operational parameters. The technology built in this Phase 1 is planned to be replicated and scaled up for the Phase-2 Bécancour Battery Material Plant, for a planned 42,000-tpa production at the commercial level. The Company's engineering team in collaboration with specialized firms have secured a technology that provides versatility for the use of different precursors as research and development advances.