Following massive shareholder support, Nouveau Monde announces the consolidation of its shares in order to prepare for a possible listing in the United States

MONTREAL, March 24, 2021 (GLOBE NEWSWIRE) – Nouveau Monde Graphite Inc. (“New world“or the”Company“) (TSXV: NOU; OTCQX: NMGRF; Frankfurt: NM9) is pleased to announce that, in connection with its previously announced assessment of an additional listing of the Company’s common shares (the” Common Shares “) at an American stock exchange, following the approval of its shareholders by a majority of 98.43%, the Company is implementing a consolidation (reverse share split) of its outstanding ordinary shares on the basis of a new common share for every ten common shares currently outstanding (the “Consolidation Ratio”).

On behalf of the Board of Directors, Arne H Frandsen, President of Nouveau Monde, commented: “First of all, the entire Board thanks our shareholders for their vote of confidence in our management and our strategic direction. Receiving over 98% of the votes in favor of any shareholder resolution is a privilege – thank you! The agreed reverse stock split is an important milestone that positions us for the potential US stock exchange listing that we envision. We believe that a listing in the United States would improve both our global visibility and our American presence in particular. In turn, this will benefit our business and our shareholder base as we seek to implement our strategy to become the largest producer in the western world of high quality anode materials for use primarily in batteries. for electric vehicles and renewable energy storage.

The consolidation ratio was determined by the board of directors of the company in accordance with the parameters authorized by the shareholders of Nouveau Monde at the extraordinary meeting of shareholders of the company held on March 23, 2021. The combination came into effect on March 24, 2021 and the common shares are expected to begin trading on the TSX Venture Exchange following the consolidation on or around March 31, 2021. Immediately prior to the Combination, 370,558,932 common shares were issued and outstanding, and it is expected that there will be 37,055,893 common shares issued and outstanding following the Consolidation, subject to rounding off for any fractional shares. No fractional share will be issued following the reverse stock split and the number of post-consolidation shares to be received by a shareholder will be rounded, in the case of fractional interest equal to or greater than 0.5, or rounded down, in the case of fractional interest of less than 0.5, to the nearest whole number of shares that such holder would otherwise be entitled to receive upon the implementation of the reverse stock split.

Common stock holders who hold non-certificate common stock (i.e., shares held in book-entry form and not represented by a physical share certificate), as registered holders or owners will have their existing book-entry account (s) electronically adjusted by the Company’s transfer agent or, for Beneficial Shareholders, by their brokerage firms, banks, trusts or other agents who hold the name of the street for their benefit. These holders do not need to take any additional steps to exchange their pre-consolidation common shares for post-consolidation common shares. If you hold your common shares with such a brokerage firm, bank, trust or other nominee and if you have any questions in this regard, we encourage you to contact your lender. -last name.

Registered shareholders who hold share certificates will be mailed a letter of transmittal notifying them of the reverse stock split and directing them to surrender their share certificates representing the pre-consolidation common shares for replacement certificates or a direct listing notice representing their post-consolidation common shares. Until delivered for exchange, after the effective date of the Combination, March 24, 2021, each share certificate previously representing pre-consolidation Common Shares will be deemed to represent the number of Common Shares. post-consolidation to which the holder is entitled as a result of the consolidation.

About New World

Nouveau Monde is striving to become a key player in the sustainable energy revolution. The Company is working on the development of a fully integrated source of green battery anode material in Quebec, Canada. Targeting its business activities by 2023, the company is developing advanced carbon neutral graphite material solutions for 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 automotive manufacturers, providing advanced materials that perform well and are reliable while promoting sustainability and chain traceability. supply.

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Caution regarding forward-looking information
All statements, other than statements of historical fact, contained in this press release, including, but not limited to, the company’s intention and ability to list on a major U.S. stock exchange, the receipt of final approval and when the common shares will begin trading on the TSX Venture Exchange following consolidation, the anticipated benefits of completing a reverse stock split and listing on a major US exchange and those dealt with under the headings “Risk factors associated with the reverse stock split” in the Company’s management information circular relating to the extraordinary meeting of shareholders of the Company held on March 23, 2021 and paragraph “About Nouveau Monde” of this press release which essentially describes the prospects and objectives of the Company, constitutes “forward-looking information” or “forward-looking statements”. within the meaning of certain securities laws, and are based on expectations, estimates and projections at the time of this press release. Forward-looking statements are necessarily based on a number of estimates and assumptions which, although considered reasonable by the Company at 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. In addition, these forward-looking statements are based on various underlying factors and assumptions, including the timely delivery and installation of equipment supporting the company’s production, the company’s business prospects and opportunities, and estimates. the operational performance of the equipment, and do not constitute guarantees. future performance.

Forward-looking information and statements are subject to known or unknown risks and uncertainties which may cause actual results to differ materially from those expected or implied in the forward-looking information and statements. Risk factors that could cause actual results or events to differ materially from current expectations include, among others, delays in expected delivery times of equipment, the Company’s ability to successfully implement its strategic initiatives and whether these strategic initiatives will deliver the expected results. employee benefits, the availability of financing or financing on favorable terms for the Company, dependence on commodity prices, the impact of inflation on costs, the risks of obtaining the necessary permits, the operational performance of Company assets and activities, competitive factors in the graphite mining and production industry, changes in laws and regulations affecting the Company’s activities, political and social acceptability risk, environmental regulatory risk, currency and exchange rate risk, technological developments, impacts of the global COVID-19 pandemic and government responses in this regard, and general economic conditions, as well as earnings, capital expenditures, related risks cash flow and capital structure and general business risks. Unpredictable or unknown factors not discussed in this cautionary statement could also have material adverse effects on forward-looking statements.

Many of these uncertainties and contingencies can directly or indirectly affect, and could cause actual results to differ materially from those expressed or implied in any forward-looking statement. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are provided for the purpose of providing information about management’s expectations and plans for the future. The Company disclaims any intention or obligation to update or revise any forward-looking statement or to explain any material difference between subsequent actual events and such forward-looking statements, except to the extent required by applicable law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Further information relating to 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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