Slide 1: Uatnan Mining Project Results from Preliminary Economic Assessment
UATNAN MINING PROJECT RESULTS FROM PRELIMINARY ECONOMIC ASSESSMENT Investor Briefing January 10, 2023
Slide 2: Cautionary Statements Regarding Forward-Looking Information
CAUTIONARY STATEMENTS REGARDING FORWARD-LOOKING INFORMATION All statements, other than statements of historical fact, contained in this press release including, but not limited to those describing the impact of the foregoing on the Uatnan Mining Project economics, PEA results (as such results are se
Slide 3: Briefing Session Agenda and Management Team
+BRIEFING SESSION AGENDA MANAGEMENT TEAM » NMG at a glance » Eric Desaulniers Founder, President & CEO » Uatnan Mining Project » Antoine Cloutier Chief Geologist − Property/Mineral resources » Martine Paradis VP Environment & Sustainable − Operational parameters Infrastructure − Economic highlights
Slide 4: NMG at a Glance
NMG AT A GLANCE NMG.com + NYSE: NMG | TSXV: NOU | FSE: NM9A + 4 + PROPRIETARY & CONFIDENTIAL
Slide 5: Vertical Integration to Deliver Lithium-Ion Battery Active Anode Material
+VERTICAL INTEGRATION TO DELIVER LITHIUM-ION BATTERY ACTIVE ANODE MATERIAL » Planned to become the North America’s largest and fully integrated lithium-ion battery anode material producer Integrated Anode » Carbon neutrality across its entire production value chain – “green” Material Producer operat
Slide 6: Planned to Be North America's Largest Integrated Natural Graphite Producer
+PLANNED TO BE NORTH AMERICA’S LARGEST INTEGRATED NATURAL GRAPHITE PRODUCER MATAWINIE UATNAN MINE & CONCENTRATOR MINE & CONCENTRATOR High-purity flake graphite Large volume production of flake graphite concentrate Mine and concentrator to produce 103 ktpa of high-purity flake concentrate UATNAN Mine
Slide 7: The Potential Evolution of NMG as a Global Anode Material Leader
+ THE POTENTIAL EVOLUTION OF NMG AS A GLOBAL ANODE MATERIAL LEADER OUR PLAN OUR GOAL OUR VISION PHASE 1 PHASE 2 PHASE 3 2017-2022 2023-2025 2025+ “DE-RISKING” EXECUTION GROWTH » Demonstration facilities for » Matawinie Mine: ~103 ktpa of high- » Develop the Uatnan Mining fully-integrated operations
Slide 8: Fully-Integrated Development Supported by Phase 1 Operations
+ FULLY-INTEGRATED DEVELOPMENT SUPPORTED BY PHASE 1 OPERATIONS MATAWINIE BÉCANCOUR High-purity flake Advanced materials for energy and niche applications Each step is engineered to Flake graphite Spherical graphite Purified graphite Coated spherical purified graphite add value and CONCENTRATION SHAP
Slide 9: Active Commercial Engagement Including Agreement with Panasonic Energy & Mitsui
+ACTIVE COMMERCIAL ENGAGEMENT INCLUDING AGREEMENT WITH PANASONIC ENERGY & MITSUI » MoU with Panasonic Energy based on multi- QUALIFICATION year offtake for active anode material » MoU/Offtake agreement to provide pathway A Sample B Sample C Sample for finalizing product qualification Sample: 1kg to
Slide 10: At the Market's Doorstep – North America Ramping Up Capacity
+AT THE MARKET’S DOORSTEP – NORTH AMERICA RAMPING UP CAPACITY: 1,046 GWh BY 2031 A1 CV GM LE POS STD BASF CH HD LGC PR SP BO DAI HY LGE QS ST BS DA IM3 LT RV SU BMW EL JP MG ROS TES BL END JM MAZ SF TY BRV ENV JC MB SS UC BRP FK K2 NS SES VA BYD FD KIA NB SI VW C4V FL KC NB SKI VO CD FR KP PS STV XA
Slide 11: And So Is Europe: 1,193 GWh by 2031
+AND SO IS EUROPE: 1,193 GWh by 2031 ACC BRV EVE LC PSA ST AK BYP FAM LGC QS SV AP CLB FAR LIA RE TER AX CTL FR MES ROS TES BV CF GSY MV SF VAR BY CC H3D MRW SS VK BR DAI IMP NV SCB VW BMW EES INB PS SEA WM BL ENV ITV P4T SKI ELECTRIC VEHICLES BATTERY Industry announcements & Benchmark Mineral Intel
Slide 12: ESG Principles Embedded in the Business Model
+ ESG PRINCIPLES EMBEDDED IN THE BUSINESS MODEL Zero-Harm Philosophy Leadership in Action Health, safety, and environmental Governance and accountability stewardship come first » Experienced and international Board guiding the disciplined » 1.53 OSHA Recordable Incident Rate1 development of the busi
Slide 13: World-Class Industry and Technology Partners Support Our Strong Internal Team
WORLD-CLASS » Our strong internal technical team consisting of 100+ professionals INDUSTRY AND support our growth and continued innovation: TECHNOLOGY − 7 PhD, 3 MSc, 35 engineers − Decades of expertise in graphite production with leading operators including Imerys, PARTNERS SGL Group and BTR New Ma
Slide 14: Uatnan Mining Project
UATNAN MINING PROJECT NMG.com + NYSE: NMG | TSXV: NOU | FSE: NM9A + 14 + PROPRIETARY & CONFIDENTIAL
Slide 15: Uatnan Property
UATNAN PROPERTY » Located in Northern Québec, in a region renowned for its resources and associated industry » 285 km north of Baie-Comeau on the St. Lawrence Riverbanks » Accessible year-round by highway 389 and logging roads » Innu First Nation of Pessamit’s ancestral territory − Sector referred t
Slide 16: Exploration Work
EXPLORATION WORK » Exploration work carried out by Quinto Mining and Mason until 2014 − 43,343 m of core drilling − 722 m of channel sampling − 3 surface bulk samples » Previous work indicated great potential which was leveraged to expand the project tenfold − 2018 Feasibility Study presented a prod
Slide 17: Current Mineral Resource Estimate
+ A WORLD-CLASS DEPOSIT CURRENT MINERAL RESOURCE ESTIMATE Notes : 1. The Mineral Resources provided in this table were estimated IN-PIT CONSTRAINED MINERAL RESOURCES Tonnes (Mt) Grade (% Cg) Cg (Mt) by M. Rachidi P.Geo., and C. Duplessis, Eng., (QPs) of GoldMinds Geoservices Inc., using current Cana
Slide 18: Mining Parameters
PARAMETERS Value +MINING PARAMETERS PEA Mill Feed 76.4 Mt Average Diluted Grade 17.5 %Cg » Open-pit operation In-Situ Graphite 13.4 Mt − Conventional open pit, truck and shovel, drill, and OB & Waste Rock 102.6 Mt blast operation − 24 years, with an annual production of approximately Strip Ratio 1.3
Slide 19: Concentrator & Infrastructure
+CONCENTRATOR & INFRASTRUCTURE » Concentrator relocated near the deposit − Powerline to be built (70 km); Manic-5 in proximity » Same metallurgical process optimized for battery market − Flowsheet as FS 2018 study + Grinding and flotation circuit providing efficient, low-cost production of 94%-pure
Slide 20: Environmental Management
+ENVIRONMENTAL MANAGEMENT » Proactive tailings management & water protection − Design criteria to reduce project footprint + In-pit backfill + Ex-pit waste rock within the same footprint than tailings − Sites alternatives studies + Strategic location of tailings storage facility to avoid water bodie
Slide 21: Permitting & Consultation
+PERMITTING & CONSULTATION » Existing baseline studies to be updated − Identify environmental issues like protected areas, species at risk, waterbodies, fish habitats, etc. − The results will help identify project alternatives » The Uatnan project will go through the process of the Government of Qué
Slide 22: Key Operational Parameters
KEY OPERATIONAL OPERATIONAL PARAMETERS PARAMETERS LOM 24 years Nominal annual processing rate 3.4 M tonnes LOM stripping ratio 1.3:1 LOM average grade 17.5% Cg Average graphite recovery 85% Average weight recovery 15% Average annual graphite concentrate production 500,000 tonnes Finished product pur
Slide 23: CAPEX and OPEX Details
+CAPEX AND OPEX DETAILS INITIAL CAPEX BY SECTOR in M C$ YEARLY OPEX BY SECTOR in M C$ in C$/tonne Mining 61 Mining and tailings 38 76 Site infrastructure 55 Processing 67 134 Offsite infrastructure 184 Water treatment and tailings 50 Water management 6 11 Crusing and Process plant 482 General and ad
Slide 24: Summary Economic Highlights
ECONOMIC HIGHLIGHTS Uatnan Mining Project SUMMARY Pre-tax NPV (8% discount rate) C$ 3,613 M ECONOMIC After-tax NPV (8 % discount rate) C$ 2,173 M HIGHLIGHTS Pre-tax IRR 32.6% After-tax IRR 25.9% Pre-tax payback 2.8 years After-tax payback 3.2 years Concentrate selling price US$ 1,100/tonne OPEX per
Slide 25: Next Steps
NEXT STEPS NMG.com + NYSE: NMG | TSXV: NOU | FSE: NM9A + 25 + PROPRIETARY & CONFIDENTIAL
Slide 26: Next Steps for Uatnan Project
+NEXT STEPS FOR UATNAN PROJECT » 43-101 Feasibility Study as per agreement with Mason Graphite » Continued and reinforced stakeholder outreach » Dedicated engagement mechanisms for Innu First Nation of Pessamit » Environmental and Social Impact Assessment (ESIA) » Material testing at Phase-1 facilit
Slide 27: The Potential Evolution of NMG as a Global Anode Material Leader
+ THE POTENTIAL EVOLUTION OF NMG AS A GLOBAL ANODE MATERIAL LEADER OUR PLAN OUR GOAL OUR VISION PHASE 1 PHASE 2 PHASE 3 2017-2022 2023-2025 2025+ “DE-RISKING” EXECUTION GROWTH » Demonstration facilities for » Matawinie Mine: ~103 ktpa of high- » Develop the Uatnan Mining fully-integrated operations
Slide 28: Q&A Session
Q&A SESSION NMG.com + NYSE: NMG | TSXV: NOU | FSE: NM9A + 28 + PROPRIETARY & CONFIDENTIAL
Slide 29: Green Battery Materials to Power the Energy Revolution
GREEN BATTERY MATERIALS TO POWER THE ENERGY REVOLUTION CORPORATE OFFICE NMG.com CONTACT 995 Wellington Street, Suite 240 Facebook Marc Jasmin Montréal (Québec) H3C 1V3 Twitter Director, Investor Relations Canada YouTube +1 450 757-8905 #993 LinkedIn mjasmin@nmg.com NMG.com + NYSE: NMG | TSXV: NOU |