Mr. Eric Desaulniers reports

NMG AND GOVERNMENT OF CANADA EXECUTE UPDATED BINDING OFFTAKE AND MARKETING FRAMEWORK FOR MATAWINIE GRAPHITE

Nouveau Monde Graphite Inc. has executed an updated binding long-form term sheet with the government of Canada, represented by Public Services and Procurement Canada, setting out the principal commercial terms for the supply, storage and resale of graphite concentrate from the company's phase 2 Matawinie mine in Quebec, Canada.

Eric Desaulniers, founder, president and chief executive officer of Nouveau Monde, stated: "This updated framework with the government of Canada is another key step in reinforcing the bankability of our phase 2 Matawinie mine and our positioning among the G7 and allied countries as a local, dependable and responsible graphite source. The contemplated supply, storage and marketing structure is designed to support Canada's strategic ambitions while preserving commercial agility for NMG as we advance toward definitive agreements and a final investment decision."

The updated binding long-form term sheet advances work toward definitive transaction agreements with Canada, committing to purchase 30,000 tonnes per annum of flake graphite concentrate from the Matawinie mine on a take-or-pay basis over a seven-year term. Pricing for the committed volumes is based on the North American fixed price set out in the parties' Oct. 31, 2025, term sheet, subject to an annual inflation adjustment aligned with the Industrial Product Price Index. The marketing framework allows Nouveau Monde to resell Canada's committed volumes -- a basket of products ranging from fine to large and jumbo flakes at a minimum 94-per-cent-graphitic-carbon purity level -- with a 50-50 upside-sharing mechanism where resale proceeds exceed the fixed price.

The binding long-form term sheet is subject to satisfaction of customary conditions precedent, including the completion of governmental approvals and appropriations processes, and a positive FID on Nouveau Monde's Matawinie mine.

This binding commercial term sheet complements Nouveau Monde's offtake agreements with Panasonic Energy Co. Ltd., a wholly owned subsidiary of Panasonic Holdings Corp., and Traxys North America LLC, which collectively account for more than 70 per cent of the phase 2 Matawinie mine future graphite concentrate production.

Nouveau Monde's phase 2 Matawinie mine project financing is advancing with a fully committed senior secured project debt commitment letter of $335-million (U.S.) from Export Development Canada and Canada Infrastructure Bank, providing a long-tenor, flexible project finance structure with competitive rates and repayment terms. The debt commitment represents a first step in Nouveau Monde's financing schedule and supports a clear path to FID, underpinned by long-term offtake arrangements and by a shovel-ready project substantially derisked through detailed engineering, site preparatory work, key permits and instrumental agreements with the Atikamekw First Nation and the local community.

About Nouveau Monde Graphite Inc.

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 Quebec, Canada, a fully integrated ore-to-processed-graphite value chain to serve tomorrow's industries in energy, advanced technology and manufacturing. With recognized environmental, social and governance standards and structuring partnerships with major customers, Nouveau Monde is set to become a strategic supplier of advanced materials to leading specialized manufacturers while promoting sustainability, innovation and supply chain traceability.

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