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+ FULLY-INTEGRATED DEVELOPMENT SUPPORTED BY PHASE 1 OPERATIONS MATAWINIE High-purity graphite flake Flake graphite CONCENTRATION BÉCANCOUR Active anode material HON-HO-SKAIT Spherical graphite Purified graphite Coated spherical purified graphite SHAPING PURIFICATION COATING + Each step is engineered to add value and increase margins. Value-added operations from mined ore to ready-to-use battery material as per customers' specifications enabling product qualification and binding commercial offtake agreements. NMG.com + NYSE: NMG | TSXV: NOU | FSE: NM9A + 26 + PROPRIETARY & CONFIDENTIAL MMG

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