Nouveau Monde Graphite Inc.

MANAGEMENT PROXY CIRCULAR

This management proxy circular (the “Circular”) is provided in the context of a solicitation of proxies by the management of Nouveau Monde Graphite Inc. (the “Corporation” or “NMG”) for the special and annual general meeting (the “Meeting”) of holders (the “Shareholders”) of common shares of the Corporation (the “Common Shares”) to be held in a virtual format via live webcast available online using the TSX Trust Company platform athttps://virtual-meetings.tsxtrust.com/en/1931, on Wednesday, May 13, 2026 at 10:00 a.m. (Eastern Time), and for the purposes set forth in the foregoing notice of Meeting (the “Notice”) and at any adjournment or postponement thereof. In the Circular, unless otherwise indicated, the financial information set out is dated as of December 31, 2025, while all other information set out is dated as of April 22, 2026. Unless otherwise specified in this Circular, numbers and price of the Common Shares and any other information on securities convertible into Common Shares are stated after giving effect to the consolidation of the Common Shares (the “Consolidation”) on the basis of one new Common Share for every ten outstanding Common Shares as of March 24, 2021 (the “Consolidation Ratio”). All monetary amounts referred to herein are expressed in Canadian dollars, unless otherwise indicated. Shareholders will not be able to physically attend the Meeting.