If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).




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SCHEDULE 13D




Comment for Type of Reporting Person:
Items 8, 10, 11, and 13 include the number of common shares, no par value per share (Common Shares), of Nouveau Monde Graphite Inc. (NMG) issuable to Canada Growth Fund Inc. (CGF) upon exercise of all Warrants held by CGF. In Item 13, the percentage is based on 180,602,808 Common Shares deemed outstanding pursuant to Rule 13d-3(d)(1) (Rule 13d-3(d)(1)) of the Securities and Exchange Act of 1934, as amended (Exchange Act), calculated as the sum of 160,761,539 Common Shares outstanding according to the Form 40-F filed by NMG with the U.S. Securities and Exchange Commission (SEC) on March 26, 2026, plus 19,841,269 Common Shares that are issuable upon exercise of Warrants held by CGF.


SCHEDULE 13D




Comment for Type of Reporting Person:
Items 8, 10, 11, and 13 include the number of Common Shares issuable to CGF upon exercise of all Warrants held by CGF. Canada Growth Fund Investment Management Inc. (CGFIM) is the discretionary exclusive investment manager for CGF, and, therefore, CGFIM may be deemed to beneficially own the Common Shares held by CGF as discretionary exclusive investment manager for CGF. In Item 13, the percentage is based on 180,602,808 Common Shares deemed outstanding pursuant to Rule 13d-3(d)(1), calculated as the sum of 160,761,539 Common Shares outstanding according to the Form 40-F filed by NMG with the SEC on March 26, 2026, plus 19,841,269 Common Shares that are issuable upon exercise of Warrants held by CGF.


SCHEDULE 13D


 
Canada Growth Fund Inc.
 
Signature:/s/ Selin Bastin
Name/Title:Selin Bastin, Chief Legal Officer of Canada Growth Fund Investment Management Inc., its Manager
Date:03/30/2026
 
Signature:/s/ Yannick Beaudoin
Name/Title:Yannick Beaudoin, President and Chief Executive Officer of Canada Growth Fund Investment Management Inc., its Manager
Date:03/30/2026
 
Canada Growth Fund Investment Management Inc.
 
Signature:/s/ Selin Bastin
Name/Title:Selin Bastin, Chief Legal Officer
Date:03/30/2026
 
Signature:/s/ Yannick Beaudoin
Name/Title:Yannick Beaudoin, President and Chief Executive Officer
Date:03/30/2026

ATTACHMENTS / EXHIBITS

ATTACHMENTS / EXHIBITS

DIRECTORS AND EXECUTIVE OFFICERS LIST