Exhibit 99.1
SPECIAL MEETING OF SHAREHOLDERS
MAY 1, 2024
REPORT OF VOTING RESULTS
in accordance with section 11.3 of Regulation 51-102 respecting Continuous Disclosure Obligations
Following the special meeting of shareholders of Nouveau Monde Graphite Inc. (the “Corporation”) held on May 1, 2024 (the “Meeting”), we hereby advise you of the results of the votes cast at the Meeting.
1.Mitsui Private Placement
Based on the proxies received and the votes cast at the Meeting, the resolution authorizing, among other things, the Corporation to issue to Mitsui & Co., Ltd. (“Mitsui”) 12,500,000 common shares in the capital of the Corporation (each a “Common Share”), on a private placement basis, at a price of US$2.00 per Common Share and 12,500,000 Common Share purchase warrants of the Corporation (each a “Warrant”), to be settled by the surrender and cancellation of the unsecured convertible note in the principal amount of US$25,000,000 issued to Mitsui on November 8, 2022, was adopted, with the following results:
Votes in Favour | % Votes in Favour | Votes Against | % Votes Against |
43,333,378 | 99.36% | 278,086 | 0.64% |
2.Pallinghurst Private Placement
Based on the proxies received and the votes cast at the Meeting, the resolution authorizing, among other things, the Corporation to issue to Pallinghurst Bond Limited (“Pallinghurst”) 6,250,000 Common Shares, on a private placement basis, at a price of US$2.00 per Common Share, and 6,250,000 Warrants, to be settled by the surrender and cancellation of the unsecured convertible note in the principal amount of US$12,500,000 issued to Pallinghurst on November 8, 2022, was adopted by a majority of the votes cast by disinterested shareholders who voted in respect of the resolution present or represented by proxy at the Meeting (excluding the votes attached to, in the aggregate, 12,164,605 Common Shares beneficially owned, or controlled or directed, directly or indirectly, by Pallinghurst, Pallinghurst Graphite International Limited, Mr. Arne H. Frandsen, Mr. Andrew Willis and Mr. Jürgen Köhler), with the following results:
Votes in Favour | % Votes in Favour | Votes Against | % Votes Against |
31,165,461 | 99.11% | 281,398 | 0.89% |
3.Mitsui New Control Person Resolution
Based on the proxies received and the votes cast at the Meeting, the resolution to approve the creation of a new control person of the Corporation, being Mitsui, was adopted, with the following results:
Votes in Favour | % Votes in Favour | Votes Against | % Votes Against |
43,422,952 | 99.57% | 188,512 | 0.43% |
