Mr. Marc Jasmin reports

NMG PAYS ACCRUED INTERESTS

Nouveau Monde Graphite Inc. has paid accrued interests as part of a previously announced private placement.

Settlement of accrued interests

Upon the approval of the Toronto Stock Exchange and the New York Stock Exchange, the accrued interests owed to Investissement Quebec (holder) for the third quarter of 2026 under the unsecured convertible note, as amended and restated, issued in connection with the private placement announced by press release dated Nov. 8, 2022, will be deemed paid.

A total of 283,265 common shares at a price of $1.21 (U.S.) representing an aggregate amount of $342,751 (U.S.) will be issued and share certificates will be delivered to the holder at the maturity, conversion or redemption of the note in payment of the accrued interests due on Sept. 30, 2026, for the third quarter of the year. The issuance of common shares is subject to the approval of the exchanges and, when issued, will be subject to a hold period of four months and one day.

The payment of interest in the form of common shares of the corporation takes place in favor of Investissement Quebec, a holder of more than 10 per cent of the securities of the company, which constitutes a transaction with a related party within the meaning of Regulation 61-101 on measures to protect minority holders during specific transactions. However, the directors of the company, who voted, have determined that the exemptions from the official valuation obligation and the approval of minority holders, provided for in sections 5.5 a) and 5.7 1) a) of Regulation 61-101 respectively, may be invoked as neither the fair market value of the shares issued to this insider nor the fair market value of the consideration paid does not exceed 25 per cent of the market capitalization of the company. No director of the company has expressed a contrary opinion or disagreement in connection with the foregoing.

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 ESG (environmental, social and governance) standards and structuring partnerships with major customers, Nouveau is set to become a strategic supplier of advanced materials to leading specialized manufacturers while promoting sustainability, innovation and supply chain traceability.

We seek Safe Harbor.