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(1)  Assumes a transfer pricing at Matawinie mineral project FS 43-101 operating cost plus transportation cost to Bécancour (2)  Assumes a transfer pricing at Matawinie mineral project FS 43-101 sales price plus transportation cost to Bécancour The Capex and Opex prepared for this FEL-1 are based on a Class 4 type estimate as per the American Association of Cost Engineers (“AACE”) International Practice 18R-97 with a target accuracy between -30% to +40%. The Capex is estimated at US$545 million including the material, equipment, labour and freight required for the pla...

French Nouveau Monde’s mission and strategy is to become the Western World’s largest producer of high-quality anode materials to be used mainly in batteries for electrical vehicles and renewable energy storage Its large-scale lithium-ion active anode material facility in Bécancour, Québec (Canada) (“Bécancour VAP project”) is an integral part of its strategy Nouveau Monde has acquired a 200,000 m 2 parcel in the industrial park of Bécancour, adjacent to its Phase 1 plant located within the facilities of Olin Corporation The Phase 1 plant of the Bécancour VAP project is currently ...