Mason Resources Inc. purchases stake in Nouveau Monde Graphite Inc.

TORONTO — Mason Resources Inc. announces having entered into an asset purchase agreement with Nouveau Monde Graphite Inc. for the sale of the Lac Guéret Property, targeted for the development of the Uatnan Mining Project.

In consideration for the sale of the Lac Guéret Property, Mason will receive 6,208,210 common shares of NMG, representing a 143% premium on the implied market value of the Lac Guéret Property and 9.25% of the pro forma issued and outstanding common shares of NMG, to be issued to Mason upon the closing of the transaction, and an additional payment of $5,000,000 in cash at the start of commercial production of the contemplated Uatnan Mining Project.

This transaction reportedly:

Provides opportunity to become one of NMG’s largest shareholders at an opportune time given the rapid progress of NMG, strategically positioning Mason for future gains;

Provides exposure to NMG’s active commercial discussions with tier-1 battery and electric vehicle manufacturers, including Panasonic Energy Co. Ltd.

Provides diversification and mitigates long-term development risks associated with the Uatnan Mining Project, while retaining equivalent exposure to the graphite sector;

Unlocks near-term value with attractive premium: 143%1 premium received in consideration on the implied market value of Lac Guéret Property, based on 10-day volume weighted average price (VWAP);

Enhances exposure to the anticipated near-term increase in graphite prices, especially in light of recent Chinese restrictions announced on graphite material exports, with equity ownership of a near-term producer;

Eliminates future financing requirements related to the Uatnan Mining Project, avoiding eventual equity dilution;

Eliminates care and maintenance costs related to the Lac Guéret Property, resulting in further direct and short-term financial benefits; and

Reinforces NMG’s fully vertically integrated production model in North America, further strengthening Mason’s strategic positioning.

Fahad Al-Tamimi, Chairman of Mason, commented: “In forging this new strategic partnership with Nouveau Monde Graphite through this innovative structure, we pave the way for a thriving Québec graphite industry, a venture poised to yield substantial benefits for both Mason and Nouveau Monde shareholders. From the outset, my unwavering belief in Québec’s potential for the graphite sector and the vision of becoming a global leader in clean energy, reducing CO2 emissions, and electrify its transportation, buildings and businesses has been resolute. This marks a pivotal advancement toward its exciting and promising development which will benefit the economy and the people of Québec.”