ESG News For Stuttgart

Europe's first battery recycling plant using integrated mechanical-hydrometallurgical process opens in Kuppenheim in southern GermanyMilestone on the road to enhancing raw materials sustainability thanks to an expected recovery rate of more than 96 percent and net CO2 -neutral1 operationPlant to generate enough recycled materials to produce more than 50,000 new battery modules per yearDouble-digit million-euro investment underpins holistic Mercedes-Benz approach to battery circularity and value creation in GermanyCooperation with technology partner Primobius and renowned research institutes

Corridor Program: Mercedes-Benz and Hydro extend their strategic partnership to support the long-term development of communities along the aluminum supply chain in the state of Pará, Brazil.Just Transition: Lighthouse project to create positive impacts for both people and nature throughout aluminum supply chain in Brazil.Joint efforts: Mercedes-Benz, Hydro and local NGOs form a steering committee to enhance community involvement in mining area.Decarbonization: In 2022, Hydro and Mercedes-Benz agreed to work together on a technology roadmap for producing low-carbon aluminum.

Issuance of NMG’s 2022 ESG Report demonstrating advancement on climate action, biodiversity management, Indigenous relations, governance, and stakeholder engagement.Recent announcements via Canada’s and Québec’s budgets provide new fiscal measures and levers for investment that strengthen NMG’s Phase-2 financing structure in complement to ongoing activities with export credit agencies and governmental branches.Signature of definitive agreements with Caterpillar that frame the deployment of technology, testing collaboration, as well as procurement of zero-exhaust emission fleet and infrastructure at the Matawinie Mine.Nomination of Stéphane Imbeault as Vice President, Bécancour Project, to lead the engineering, construction, and commissioning of the Bécancour Battery Material Plant as part of the Company’s active preparation for the launch of construction of its Phase-2 facilities.Advancement of technical and commercial parameters definition for a multi-year offtake agreement with Panasonic Energy and simultaneous engagement with other tier-1 potential customers in the EV and battery sector through product qualification and commercial discussions.Offtake MoU signed to explore opportunities for NMG to supply carbon-neutral graphite materials to Caterpillar for the development of its secure, resilient, and sustainable battery supply chain.Upcoming participation to major commercial and investment events to elevate NMG’s visibility in the market and engage with potential customers and investors; The Europe Battery Show, TD Cowen Sustainability Week and Batteries Gigafactories USA.Securing of financial levers via underwritten public financing generating approximately US$22 million and R&D grants of up to CA$3.6 million.Battery and EV markets continue their expansion pushed by consumer demand and environmental legislation; 2023 is set to see battery production reach 1 TWh on a global basis for the first time (Benchmark Mineral Intelligence, Q1-2023).NMG’s Annual General and Special Meeting of Shareholders scheduled for June 19, 2023, via webcast.Continued focus on safe conduct of activities with a year-to-date OSHA rate of 0 at the Company’s facilities and 0 for contractors’ work, with no major environmental incident.Period-end cash position of CA$48.8 million.

Company’s latex binders material has been meeting the customer’s demand for more sustainable products