Nouveau Monde announces evaluation of further listing on a major US stock exchange and special meeting with shareholders

MONTRÉAL, 16 February 2021 (GLOBE NEWSWIRE) – Nouveau Monde Graphite Inc. (“Nouveau Monde” or “Company”) (TSXV: NOU; OTCQX: NMGRF; Frankfurt: NM9) announces that it has retained Evercore Group LLC as its financial advisor to assist in the evaluation of a potential listing of the Company’s shares. in the United States (“USA”) on either the New York Stock Exchange (“NYSE”) or the Nasdaq Stock Market (“Nasdaq”).

Arne H. Frandsen, President of the Nouveau Monde, said: Based in “AAA” Canada, we believe that Nouveau Monde is well positioned to become North America’s leading manufacturer of anode materials. Our strategy is to provide critical battery materials necessary for the electric vehicle revolution. With several of the world’s leading automakers operating in the United States, it is only logical that the Nouveau Monde moves to adapt its investor base to its targeted customers. If a listing is achieved, Nouveau Monde is probably one of the largest battery-quality graphite companies listed in the United States ”.

Eric Desaulniers, President and CEO of Nouveau Monde, added: With the key regulatory approvals in hand for the construction of our “mine-to-market” production facilities, Nouveau Monde is focusing on the development of a fully integrated source of environmentally friendly battery node materials in North America. The addition of a listing on the NYSE or Nasdaq will further strengthen the company’s US presence. With our strategic use of hydropower and plans to rely on a fully electric mine fleet, Nouveau Monde is uniquely positioned to deliver a North American source of carbon-neutral graphite-based material solutions to the growing lithium-ion and fuel cell markets with full commercial production targeting 2023. A larger US listing will provide improved trading access to US-based investors and further improve the visibility of the Nouveau Monde in the stock market. A potential further listing in the United States is a natural step in the company’s growth and development. ”

The Company expects that its ordinary shares will begin trading on the selected U.S. Stock Exchange in the second quarter of this year, subject to the approval of the Board of Directors to continue with the potential listing, current market conditions and satisfaction with all applicable listings and regulatory requirements. list.

Special meeting for shareholders to consider a share consolidation

In connection with the potential listing, the company will hold a special shareholders’ meeting (“the special meeting”) on Tuesday, March 23, 2021. The company has set the registration date for the special meeting on Friday, February 19, 2021. The purpose of the special meeting is to seek authorization from the Company’s shareholders to allow the Board of Directors (the “Board of Directors”) to consider consolidating the Company’s issued and outstanding ordinary shares in a relationship that will result in a post-consolidation price. that meets the listing requirements of the selected US stock exchange.

The Board of Directors’ authorization to consolidate the shares is subject to prior approval from the company’s shareholders and TSX Venture Exchange. There is also no guarantee that the Board of Directors will continue with a listing on a major US stock exchange, or that the exchange will approve a listing application from the company. Additional information, including time and instructions for practical access and voting at the special meeting, will be provided later. In addition, a management information circular for the upcoming special meeting will be sent to the shareholders and filed by the company at SEDAR.

About Nouveau Monde

The Nouveau Monde is working to position itself as a key element in the sustainable energy revolution. The company is developing a fully integrated source for environmentally friendly battery node materials in Quebec, Canada. In order to launch its full-capacity commercial operation in 2023, the company is developing advanced carbon-neutral solutions of graphite-based materials for the fast-growing market for fuel cell and lithium-ion batteries. With its low-cost operations and high ESG standards, Nouveau Monde strives to become a strategic supplier to major battery and vehicle manufacturers worldwide, ensuring a robust and reliable supply of advanced materials, while ensuring the traceability of the supply chain.

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Be careful about forward-looking statements

All statements, except statements of historical fact, contained in this press release, including, but not limited to, the approval of the share consolidation and the chosen ultimate degree of consolidation, the company’s intent and ability to list on a major U.S. stock exchange, and the expected benefits of carry out a share consolidation and listing on a major US stock exchange and the section “On Nouveau Monde Graphite”, which essentially describes the company’s prospects and goals, constitutes “forward-looking information” or “forward-looking statements” within the meaning of certain securities laws and is based on expectations, estimates and projections from the time of this press release. Forward-looking statements are necessarily based on a series of estimates and assumptions which, although considered reasonable at the time of such statements, are inherently subject to significant commercial, economic and competitive uncertainties and unforeseen circumstances. These estimates and assumptions may prove to be incorrect. Moreover, these forward-looking statements were based on various underlying factors and assumptions, including the company’s business prospects and opportunities, and are not guarantees of future performance.

Forward-looking information and forward-looking statements are subject to known and unknown risks and uncertainties that may cause actual results to differ materially from those anticipated or proposed in forward-looking information and forward-looking statements. Risk factors that may cause actual results or events to differ materially from current expectations include, but are not limited to, delays in scheduled equipment delivery dates, the Company’s ability to implement its strategic initiatives, and whether these strategic initiatives will provide the expected results, operational performance of the company’s assets and activities, competitive factors in mining and graphite production, changes in laws and regulations affecting the company’s operations, technological development, the impact of the COVID-19 pandemic and measures introduced by governments such as response to this pandemic and the economic situation in general. Other unpredictable or unknown factors that are not discussed in this warning statement may also have a material adverse effect on forward-looking statements.

Many of these uncertainties and unforeseen events may directly or indirectly affect or may cause actual results or performance to differ materially from those advanced or implied in the forward-looking statements. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events may differ materially from those expected in such statements. Forward-looking statements are presented for the purpose of providing information about management’s current expectations and plans for the future. The Company assumes no obligation to update or revise these forward-looking statements or to explain material differences between subsequent actual events and those forward-looking statements.

Neither TSX Venture Exchange nor its regulatory service provider (as this term is defined in TSX Venture Exchange’s policies) assumes responsibility for the adequacy or accuracy of this release.

Further information about the company is available in the SEDAR database (www.sedar.com) and on the company’s website at: www.NouveauMonde.group

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