Canada Growth Fund Announces $81.8M Additional Investment in Nouveau Monde Graphite

On April 22, 2026, Canada Growth Fund Inc. (CGF) filed an amendment to its Schedule 13D regarding its investment in Nouveau Monde Graphite Inc. (NMG). CGF currently holds 39,682,538 common shares, representing a 22.0% ownership stake. This total includes 19,841,269 shares acquired via private placement and an additional 19,841,269 shares resulting from the exercise of warrants. Significantly, the filing discloses a new subscription agreement dated April 9, 2026, under which CGF has agreed to purchase an additional 44,452,460 common shares for approximately US$81.8 million, subject to shareholder approval. Upon completion of this latest private placement, CGF's position would represent approximately 27.7% of the shares outstanding as of year-end 2025. CGF maintains rights to appoint a board member and an observer under an Investor Rights Agreement and has nominated Hubert T. Lacroix for election to the board. The shares are held for investment purposes, with Canada Growth Fund Investment Management Inc. serving as the discretionary manager.