PRESS RELEASE : NOUVEAU MONDE ANNOUNCES PHASE 2 OF -2-

quality material. Ongoing internal R&D programs on the shaping process are targeting manufacturing excellence by the 
enhancement of fundamental understanding of fluid dynamics and air flows by using as-built scan, numerical modelling 
and adoption of advanced automation and artificial intelligence technologies. 
As for the Phase 1 purification sector of the facility, Nouveau Monde developed its proprietary thermochemical process 
that is currently being deployed at a 1,500 tpa nameplate capacity in Olin's facility adjacent to the Company's 
industrial site, with a commissioning scheduled to start in the first half of 2021 (Construction Commenced of Phase 1 
Purification Facility for Lithium-Ion Battery Material in Bécancour and the Land for Phase 2 Expansion Is Now 
Successfully Acquired). 
The final process step to produce anode material consists of coating the purified spherical graphite with a 
carbon-based material to minimise the surface area and enhance the stability of the solid electrolyte interface. 
Nouveau Monde is currently in the detailed engineering phase and has initiated the procurement to build the first 
module of the Phase 1 2,000 tpa capacity plant that is scheduled to be commissioned early in 2022 (Nouveau Monde 
Advances its 2,000-Tonne Coated Spherical Graphite Production Facility - Commissioning Set for Q1 Next Year). Nouveau 
Monde is of the view that its strategy of de-risking the process by investing in a rapid deployment of a first 
scalable-complete module will allow a faster product qualification with lithium-ion battery cell makers and more 
efficient and reliable engineering development. 
Product Offering and Marketing 
The anode material flowsheet developed by Nouveau Monde is designed to produce anode material of various particle sizes 
varying between 8 and 20 µm with flexibility to serve various lithium-ion battery applications. Roskill's Fall 2020 
issue reported 2019 average Chinese sales prices of USUSD 7,157/tonne for CSPG with specifications similar to the anode 
material that is expected to be produced by Nouveau Monde. The Company is of the view that this is a fair and prudent 
estimate of the projected sales price for the Bécancour VAP project. Moreover, the Company and its experienced graphite 
marketing team is actively developing value-added opportunities for the 1 and 8 µm micronised graphite representing a 
valuable anode material process by-product potentially serving multiple niche applications. 
In their latest February 2021 Lithium-ion Battery Megafactory assessment report, Benchmark Mineral Intelligence 
forecasts 562 GWh in 2025 and 937 GWh in 2030 of battery capacity in North America and Europe combined with associated 
graphite anode demand of 674,000 tpa and 1,124,000 tpa, respectively. 
Best in Class in Reducing Supply Chain Carbon Footprint; Fully Committed to Carbon Neutrality 
Nouveau Monde seeks to contribute to the decarbonisation of the economy by producing graphite materials, a required 
input for the production of low-carbon products, with the smallest greenhouse gas ("GHG") footprint possible. In 
addition to pushing the science and technology development in order to mine and transform graphite in a sustainable and 
low GHG-emitting manner, the Company has pledged to offset all GHG emissions from sources it either has direct control 
over or may significantly influence (i.e., the Company's Scope 1, Scope 2 and portion of Scope 3 emissions). Based on 
the FEL-1, the Bécancour VAP projected GHG emissions are detailed in table 4. 
The offsetting costs are estimated at USUSD 11.86/ t CO[2] eq per tonne of CSPG produced and represent approximately USUSD 
202,000 annually. On a per product basis, this represents approximately USUSD 3.83 per tonne of CSPG product and USUSD 2.01 
per tonne of by-product. 
The forecasted GHG footprint for the Bécancour VAP project is derived from the FEL-1, its associated energy and mass 
balances, and the most likely procurement scenario for process inputs such as calcined petroleum coke and petroleum 
pitch. Nouveau Monde envisions developing and producing the cleanest anode-grade graphite material possible and is 
continuously striving for excellence in minimising GHG emissions and climate impact. 
Nouveau Monde has ongoing R&D programs in place with professor Philippe Ouzilleau, PhD, from McGill University in 
Montréal to find alternate carbon sources to the petroleum-based product currently being used in the coating process 
with the objective of significantly reducing its carbon emissions. 
Nouveau Monde also remains fully committed to achieving carbon neutrality at the Company's level, including the 
Matawinie mine and concentrator in Saint-Michel-des-Saints and the Bécancour VAP project. 
 
Co-Existence of the Matawinie Mineral Project and the Bécancour VAP Project 
The FEL-1 does not impact nor alter the National Instrument 43-101 ("NI 43-101") feasibility study filed on December 
10, 2018 with regards to the Matawinie mineral project. While Nouveau Monde is of the view that there are obvious 
operational and financial benefits to developing a fully controlled and integrated business model, both the Matawinie 
mineral project and Bécancour VAP project should be considered independently from each other with regards to their 
economic viability. To this end, it is the intention of the Company to sell opportunistically the high-purity jumbo and 
large flakes produced at the Matawinie mineral project directly into third party traditional and speciality graphite 
markets, while the Bécancour VAP project intends to source its products, comprised of intermediate and fine flakes, 
from multiple sources. As a reference, the FEL-1 is based on a graphite concentrate feedstock pricing identical to a 
weighted average between the intermediate and fine flakes expected sales price shown at table 19.3 of the Matawinie NI 
43-101 feasibility study. It is Nouveau Monde's intention to prioritise the use of the feedstock produced at the 
Matawinie mineral project; however, the Company intends to source raw material from other graphite suppliers from time 
to time should market, or operational, conditions so justify. 
Due to its modular structure, upon Phase 2 of the Bécancour VAP project successfully reaching name plate capacity, we 
believe it will likely be possible for Nouveau Monde to expand its capacity further. Such Phase 3 expansion is 
currently being analysed by management, but its implementation has not been agreed to and is entirely speculative at 
this point in time. 
The Company will inform its stakeholders of material developments with regards to the Bécancour VAP project as required 
by its continuous disclosure obligations set out in Regulation 51-102. 
About Nouveau Monde 
Nouveau Monde is striving to become a key element in the sustainable energy revolution. The Company is working towards 
developing a fully-integrated source of green battery anode material in Québec, Canada. Targeting full-scale commercial 
operations by 2023, the Company is developing advanced carbon-neutral graphite-based material solutions for the growing 
lithium-ion and fuel cell markets. With low-cost operations and high ESG standards, Nouveau Monde aspires to become a 
strategic supplier to the world's leading battery and auto manufacturers, ensuring robust and reliable advanced 
material, while guaranteeing supply chain traceability. 
Media                    Investors 
Julie Paquet             Christina Lalli 
Director, Communications Director, Investor Relations 
[phone] #140     [phone] 
[e-mail]  [e-mail] 

Subscribe to our news feed: https://nouveaumonde.group/investors/#news

Cautionary Note Regarding Forward-Looking Information All statements, other than statements of historical fact, contained in this press release including, but not limited to (i) the timetable and the operating metrics of the Bécancour VAP project, (ii) the financial metrics of the Bécancour VAP project, including capital and operating costs, (iii) the financing strategy of the Bécancour VAP project, (iv) the benefits of the Company's de-risking strategy, (v) the results of the carbon neutrality initiatives, (vi) the positive impact of the foregoing on project economics, (vii) the intended results of the initiatives described above, (viii) the intended project output capacity, (ix) future market supply and demand, (x) future mineral prices and (xi) Nouveau Monde's mission and strategy and the "About Nouveau Monde" paragraph which essentially describe the Company's outlook and objectives, constitute "forward-looking information" or "forward-looking statements" within the meaning of certain securities laws, and are based on expectations, estimates and projections as of the time of this press release. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Company as of the time of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect. Moreover, these forward-looking statements were based upon various underlying factors and assumptions, including the timely delivery and installation of the equipment supporting the production, the Company's business prospects and opportunities and estimates of the operational performance of the equipment, and are not guarantees of future performance.

(MORE TO FOLLOW) Dow Jones Newswires

March 11, 2021 03:02 ET (08:02 GMT)