Nouveau Monde Commissions State-of-the-Art Laboratory to Further its Proprietary Battery Technology Research and Development; Hires New Senior Scientists

Nouveau Monde Graphite Inc. (“Nouveau Monde” or the “Company”) (NYSE: NMG,
TSXV: NOU) is completing the commissioning of its state-of-the-art
laboratory at its demonstration plant, an addition to the Company’s existing
quality testing facilities. This expansion is triggered by Nouveau Monde’s
commitment to catering to the market’s requirements for high-performing and
environmentally responsible battery materials that can be tailored to a
variety of specifications for electric vehicles (“EV”) and energy storage
usage.

As applications diversify, technology is a critical driver in battery
material engineering and manufacturing. Nouveau Monde’s dedicated new lab
facilities provide in-house capacity, flexibility, and speediness in testing
advanced materials and specifications for potential customers. The new lab
facilities comprise ultramodern equipment covering a range of technical
measurements, namely particle size, tapped density, coin cell cycling with
full coin cell preparation equipment, ICP trace element analysis, BET
specific surface area as well as particle morphology, coating quality and
impurity analysis by SEM-EDX, in support to the Company’s phase-1 anode
material production.

The Company has also recruited two leading talents, Mr. Mogalahalli V.
Venkatashamy Reddy, PhD (Dr. M.V. Reddy) and Mr. Neel Rahem, to complement
its strong internal technical team consisting of six Doctorate (“PhD”)
recipients, three Master of Science (“MSc”) holders, and 18 engineers with
previous hands-on experience with leading graphite operators including
Imerys, SGL Group and BTR New Material and specialists in the fields of
lithium-ion batteries (“LiB”), carbon materials, bi-polar plates,
electrochemistry, and engineered advanced materials.

Arne H Frandsen, Chairman of Nouveau Monde, commented: “Today’s investment
in R&D is tomorrow’s competitive advantage in the marketplace. We continue
our confidential and proprietary development efforts with a view to
supporting the world’s leading lithium-ion battery makers and intend to
continue investing in cutting-edge technology with the support of
best-in-class scientists and engineers. Nouveau Monde’s mission is to
engineer graphite-based advanced solutions to power a decarbonized future.”

Nouveau Monde is actively developing advanced materials to remain at the
forefront of industry trends and offer some of the highest performing and
most environmentally friendly lithium-ion battery anode material portfolio
on the market. Among the technological breakthroughs to date, the Company’s
R&D team has designed advanced graphite-based solutions where the
interaction between graphite and silicon is optimized and submitted a patent
application for its proprietary green thermochemical purification
technology.

Eric Desaulniers, Founder, President, and CEO of Nouveau Monde, added: “EV
and battery manufacturers are seeking advanced solutions that provide the
ideal combination of quality, performance, cost, weight, carbon footprint,
material interaction, and countless other factors. In-house R&D capability
represents an advantage in catering to our potential customers’ requirements
while continuing to advance our products portfolio for the growing battery
supply chain industry. At the forefront of technology advancements, Nouveau
Monde is positioning itself as more than a graphite producer; we are one of
the Western World’s leading advanced battery material developers striving to
deliver the greenest graphite-based solutions.”

Enhanced In-House R&D Expertise

Counting over 20 years of experience in battery technology and having
contributed to more than 220 scientific articles on electrode and
electrolyte materials for lithium-ion batteries, which have been cited
numerous times in other publications, Mr. M.V. Reddy, PhD is joining the
Company as Senior Professional Researcher to advance Nouveau Monde’s product
portfolio.

Reddy obtained his PhD in materials science with the highest honors from the
University of Bordeaux, France (2003) and an MSc in chemistry
(electrochemistry) from Bangalore University, India (1995). For the past two
decades, Reddy has studied LiB materials (anodes, cathodes, supercapacitors,
and solid electrolytes), fuel cells, nanotechnology, recycling and battery
materials recovery, powder metallurgy and materials for CO2 sequestration,
other various material characterization techniques, spectroscopy, and
electroanalytical techniques, as well as additional research activities. He
has worked as a Senior Researcher at Hydro-Québec’s research institute, the
Centre of Excellence in Transportation Electrification and Energy Storage
(“CETEES”), and at the National University of Singapore’s Department of
Materials Science & Engineering, Advanced Batteries Lab and Department of
Physics.

Reddy authored a landmark paper on electrode materials for lithium-ion
batteries and their reaction mechanisms, received international honors,
served as an editorial advisory board member for scientific publications,
lectured at numerous international conferences and workshops, acted as an
expert referee for various international academic battery proposals and
collaborated across the energy storage industry.

To complement Nouveau Monde’s R&D team, Mr. Neel Rahem is also joining the
Company as Laboratory Manager. A chemist specialized in metallurgy, process
chemistry and quality programs, Rahem holds a M.Sc. in chemistry from UQAM
(2010) and a Master M1 in chemistry-physics from Université de Haute-Alsace
(2007). Prior to working at Nouveau Monde, Rahem looked after lab activities
for Canadian Royalties, Minerai de Fer Québec, and Glencore.

In his new functions, Rahem will operationalize the Company’s new lab
facilities and supervise the existing team of technicians in minerallurgy
and analytical chemistry.

Eric Desaulniers, Founder, President, and CEO of Nouveau Monde, concluded:
“We are delighted to welcome M.V. Reddy and Neel to the team as we advance
our beneficiation operations. Their expertise will help further enhance our
processes and product specs.”

Nouveau Monde has embedded innovation in its business approach through
capital human investments, infrastructure and collaboration with world-class
research institutes and universities to refine anode material production and
develop new applications. Research partners include the Centre de transfert
technologique en écologie industrielle, the Centre National en électrochimie
et en Technologies Environnementales, the CETEES, the Centre technologique
des résidus industriels, the National Research Council of Canada, the
INRS-Énergie, Matériaux et Télécommunications, McGill University, Université
de Sherbrooke, Université Laval, Hydrogen Research Institute, Université du
Québec en Abitibi-Témiscamingue, and Innofibre.

About Nouveau Monde

Nouveau Monde is striving to become a key contributor to the sustainable
energy revolution. The Company is working towards developing a fully
integrated source of carbon-neutral battery anode material in Québec, Canada
for the growing lithium-ion and fuel cell markets. With low-cost operations
and enviable ESG standards, Nouveau Monde aspires to become a strategic
supplier to the world’s leading battery and automobile manufacturers,
providing high-performing and reliable advanced materials while promoting
sustainability and supply chain traceability. www.NMG.com