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Nemaska Lithium Inc.

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Nemaska Lithium is a Canadian lithium company listed on the TSX under the stock symbol NMX, on the OTCXQ under the symbol NMKEF and on the Frankfurt under the symbol N0T (German only). Nemaska Lithium intends to become a lithium hydroxide supplier and lithium carbonate supplier to the emerging li...

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Nemaska Lithium Inc.

lockPrivateGroup

Nemaska Lithium is a Canadian lithium company listed on the TSX under the stock symbol NMX, on the OTCXQ under the sy......

people11 Members       (0)

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8020Admin

10 hours

8020Admin posted a press release Nemaska Lithium Announces CAD 600M Equity Investment Proposal from The Pallinghurst Group in NEMASKA LITHIUM INC.




  • Enters into a letter of intent for a CAD 200M private placement and a CAD 400M rights offering guaranteed by way of a stand-by commitment



  • The private placement and rights offering both to be concluded at CAD 0.25 per share



QUEBEC CITY, July 19, 2019 (GLOBE NEWSWIRE) -- Nemaska Lithium Inc. (the "Corporation" or “Nemaska Lithium”) (TSX: NMX) (OTCQX: NMKEF) (Frankfurt: N0T) is pleased to announce that it has received and accepted a letter of intent (“LOI”) from The Pallinghurst Group (“Pallinghurst”), a global metals and mining industry investor, for the financing of the Whabouchi project, comprised of a lithium mine located in the Eeyou Istchee James-Bay territory and an electrochemical plant in Shawinigan. Pallinghurst’s LOI contemplates a CAD 200M private placement at CAD 0.25 per share and a stand-by purchase agreement to fully guarantee the successful completion of a rights offering of up to CAD 400M at the same issue price.


Pallinghurst and the Corporation agreed to a 3-month exclusivity period to allow for, among other things, the finalization of definitive agreements and completion of Pallinghurst’s due diligence.


The BBA report’s conclusions disclosed on April 29, 2019 supported the Corporation’s February 13, 2019 Whabouchi project cost-to-complete internal estimate, pursuant to which additional net funds of approximately CAD 375M were then required. However, it is the Corporation’s and Pallinghurst’s desire to ensure that the Corporation will be fully financed, while benefiting from reasonable financial flexibility to ensure the project attains nameplate capacity at the Shawinigan electrochemical plant. As such, the ultimate size of the rights offering will be determined by the parties following completion of Pallinghurst’s due diligence review and prior to execution of the definitive agreements.


“I am very proud today to share with all Nemaska Lithium stakeholders, the positive outcome of months of thorough review of alternatives and of discussions with several interested parties. Pallinghurst is a renowned financier with a unique vision and a deep knowledge of the lithium and battery material sector, making it a prime partner with whom we can embark on the next phase of our development. With Pallinghurst and Investissement Québec’s loyal support, we are solidifying the Corporation’s longevity and therefore, increasing the inherent value of the project for our stakeholders,” said Guy Bourassa, President and CEO of Nemaska Lithium.


“It is a pleasure to announce Pallinghurst’s intention to become a key partner of Nemaska Lithium, a corporation that truly embodies the future of supplying premium quality lithium products to the rapidly growing battery industry. The Corporation’s sustainable approach to the mining of its world-class deposit combined with the use of innovative value-adding technology sets Nemaska Lithium apart. In our view, Nemaska Lithium’s lithium salt will rapidly become one of the most sought-after battery materials globally. The Nemaska Lithium investment is in line with Pallinghurst’s desire to focus exclusively on the supply of critical battery and fuel-cell related materials. In addition, we are delighted to further invest in the Province of Québec, one of the world’s most attractive mining jurisdictions,” said Arne H. Frandsen, Co-founder and Managing Partner of Pallinghurst.


“As a longstanding partner of the Corporation, we are pleased to support Nemaska Lithium. We welcome the arrival of Pallinghurst, a strategic partner, with whom we intend to continue to ensure the sustainability of the project. The Nemaska Lithium project is a great opportunity for growth for our electric vehicle sector, an industry that generates positive economic benefits for Québec,” said Guy LeBlanc, President and Chief Executive Officer, Investissement Québec.


Context of the Announcement


The Board of Directors of Nemaska Lithium has accepted the LOI based on a unanimous recommendation from a special committee of independent directors that was charged with reviewing all alternatives with the assistance of financial and legal advisors, as was announced by the Corporation on February 27, 2019. After having solicited and engaged into discussions with several parties and having considered available alternatives, the Board of Directors has determined that it is now in the best interests of Nemaska Lithium and its stakeholders to finalize negotiations on an exclusive basis with Pallinghurst with a view to completing the transaction.  


In its recommendation, the special committee considered many factors, including the interests of the Corporation and its stakeholders, the economic and market environment in which Nemaska Lithium operates, the equity commitment size and the structure combining a private placement and a rights offering. This transaction will, allow existing Nemaska Lithium shareholders to participate. The special committee concluded that the overall terms of Pallinghurst’s LOI are reasonable and acceptable, notably the duration of the exclusivity period, the covenants of Pallinghurst and the contemplated terms of the definitive agreements.


Additional Terms of the Letter of Intent


The LOI provides that, in case of termination of the transaction, Pallinghurst will be entitled to receive either a payment of a CAD 12M fee or, at its sole discretion, warrants providing for the issuance of such number of shares that represents 19.99% of the shares outstanding of Nemaska Lithium as at the date of the execution of the LOI at a price of CAD 0.25 per share, for a period of 12 months following the grant of such warrants. Issuance of the warrants is subject to the approval of the Toronto Stock Exchange.


The definitive agreements will also contain numerous conditions and deal protection provisions, including non‑solicitation covenants customary for this type of transaction, applicable regulatory approvals including, but not limited to, the approval of the Toronto Stock Exchange, and the approval of the shareholders of Nemaska Lithium. In addition, it remains subject to the amendment of certain terms of the current stream agreement and senior secured callable bonds.


It is anticipated that a special meeting of Nemaska Lithium shareholders to consider this transaction would be held in or before October 2019. Additional details regarding the timing of this transaction will be communicated over the coming weeks.


There is no assurance that definitive agreements will be reached in relation to any transaction following the exclusivity period and the ongoing discussions. No assurance may be given that a transaction will occur in relation to the proposed transaction or otherwise, or regarding the definitive terms of such transaction, if any.


Arrangement Pursuant to Section 192 of the Canada Business Corporations Act


In light of the complexity of the implementation of the investment proposal and the number of stakeholders involved, Nemaska Lithium sought a preliminary interim order pursuant to the Canada Business Corporations Act, a federal law in Canada under which a solvent corporation can efficiently implement such a complex transaction. The process itself is called an “arrangement”, a term widely construed, as it aims to encompass novel, complex and unique transactions in the best interest of all stakeholders.


Clarksons Platou Securities AS and National Bank Financial are acting as financial advisors to the Corporation.


Conference Call


Nemaska Lithium will host a conference call on July 19, 2019 at 2:30 PM EDT. The Corporation’s President and CEO, Mr. Guy Bourassa, and Co-founder and Managing Partner of Pallinghurst, Mr. Arne H. Frandsen, will discuss this morning’s announcement. The call can be accessed at the following:


Online


https://edge.media-server.com/mmc/p/uecet5m6


Dial information


US/CANADA Participant Toll-Free Dial-In Number: (866) 353-6129
US/CANADA Participant International Dial-In Number: +1 (409) 217-8084
Conference ID: 4898630


About Nemaska Lithium


Nemaska Lithium Inc. is a developing chemical company whose activities will be vertically integrated, from spodumene mining to the commercialization of high-purity lithium hydroxide and lithium carbonate. These lithium salts are mainly destined for the fast-growing lithium-ion battery market, which is driven by the increasing demand for electric vehicles and energy storage worldwide. With its products and processes, the Corporation intends to facilitate access to green energy, for the benefit of humanity.


The Corporation will be operating the Whabouchi mine in Québec, Canada, one of the richest lithium spodumene deposits in the world, both in volume and grade. The spodumene concentrate produced at the Whabouchi mine will be processed at the Shawinigan plant using a unique membrane electrolysis process for which the Corporation holds several patents.


The Corporation is a member of the S&P/TSX SmallCap Index, S&P/TSX Global Mining Index, S&P/TSX Global Base Metals Index, S&P/TSX Equal Weight Global Base Metals Index, and the MSCI Canada Small Cap Index. For more information, visit www.nemaskalithium.com or twitter.com/Nemaska Lithium.


About The Pallinghurst Group


The Pallinghurst Group is a London-based leading strategic investor in the global metals and mining sector with significant development, operational and financial expertise in mining. For the past 12 years, Pallinghurst has put US$2 billion of equity capital to work in a number of mining projects. As a hands-on investor, Pallinghurst seeks to act as a catalyst for developing and unlocking value for the benefit of all stakeholders. Pallinghurst’s investors consist of blue-chip family offices, sovereign wealth funds as well as specialized mining investors.


To learn more about Pallinghurst : www.pallinghurst.com


Cautionary Statement on Forward-Looking Information


All statements, other than statements of historical fact, contained in this press release including, but not limited to, those relating to obtaining the additional capital required to enable the Corporation to complete construction, the ability to obtain amendments to, and thereafter meet funding and other conditions under, the streaming agreement and the senior secured bonds, constitute “forward-looking information” and “forward-looking statements” within the meaning of certain securities laws and are based on expectations and projections as of the date of this press release. Certain important assumptions by the Corporation in making forward-looking statements include, but are not limited to, the closing of Pallinghurst’s investment and rights offering (assuming shareholders’ approval), providing the Corporation with the additional capital required to (i) fulfill the conditions precedent to receive the remaining proceeds from the project financing (being the second tranche payment under the Streaming facility and the Bonds offering proceeds), (ii) resume and complete project construction and commissioning, and (iii) reach commercial production.


Forward-looking statements contained in this press release include, without limitation, those related to (i) the ability of the Corporation to close Pallinghurst’s proposed investment and rights offering, allowing the Corporation to meet the revised budget and bring the project to commercial production, (ii) Investissement Québec’s continued support to close the Pallinghurst investment and rights offering, (iii) the Corporation’s longevity and the increase of the project’s inherent value for shareholders, (iv) the obtaining of shareholders’ approval, (v) the ability of the Corporation to obtain amended terms to the current stream agreements and the senior secured callable bonds, (vi) the execution of definitive agreements with Pallinghurst, (vii) the completion of an arrangement under the Canada Business Corporations Act, (viii) the ability of the Corporation to meet funding and other conditions under the Streaming agreement and the senior secured bonds, (ix) the ability of the Corporation to complete the mine construction and the Shawinigan facility, and (x) generally, the statements made by Messrs. Bourassa and Frandsen (notably those about the general outlook of the transaction) as well as the above “About Nemaska Lithium” paragraph which essentially describes the Corporation’s outlook. Forward-looking statements are based on expectations, estimates and projections as of the time of this press release. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Corporation as of the time of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect.


Many of these uncertainties and contingencies can directly or indirectly affect, and could cause, actual results to differ materially from those expressed or implied in any forward-looking statements. There can be no assurance that (i) amendments to the Bond terms or the Streaming Agreement will be obtained, (ii) definitive agreements will be concluded with Pallinghurst, (iii) the proposed investment will close, (iv) shareholders will approve the Pallinghurst investment, (v) that the Corporation will meet conditions under the streaming facility and the bonds and (vi) the Whabouchi mine and/or the electrochemical plant in Shawinigan will be commissioned and will begin production, as future events could differ materially what is currently anticipated by the Corporation.


By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that estimates, forecasts, projections and other forward-looking statements will not be achieved or that assumptions do not reflect future experience. Forward-looking statements are provided for the purpose of providing information about management’s expectations and plans relating to the future. Readers are cautioned not to place undue reliance on these forward-looking statements as a number of important risk factors and future events could cause the actual outcomes to differ materially from the beliefs, plans, objectives, expectations, anticipations, estimates, assumptions and intentions expressed in such forward-looking statements. All of the forward-looking statements made in this press release are qualified by these cautionary statements and those made in our other filings with the securities regulators of Canada including, but not limited to, the cautionary statements made in the “Risk Factors” section of the Corporation’s Annual Information Form dated October 10, 2018, and the “Risk Exposure and Management” section of the Corporation’s quarterly Management Discussion & Analysis. The Corporation cautions that the foregoing list of factors that may affect future results is not exhaustive, and new, unforeseeable risks may arise from time to time. The Corporation disclaims any intention or obligation to update or revise any forward-looking statements or to explain any material difference between subsequent actual events and such forward-looking statements, except to the extent required by applicable law.


Further information regarding Nemaska Lithium is available in the SEDAR database (www.sedar.com) and on the Corporation’s website at: www.nemaskalithium.com.


FOR FURTHER INFORMATION, PLEASE CONTACT:










Victor Cantore
Investor Relations
514 831-3809
victor.cantore@nemaskalithium.com
Wanda Cutler
Investor Relations
416 303-6460
wanda.cutler@nemaskalithium.com
Gabrielle Tellier
Media Relations
514 348-0466
gabrielle.tellier@nemaskalithium.com

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8020Admin

11 hours

8020Admin posted a press release IIROC Trading Halt - NMX in NEMASKA LITHIUM INC.


Canada NewsWire





TORONTO, July 19, 2019 /CNW/ - The following issues have been halted by IIROC:


Company: Nemaska Lithium Inc.


TSX Symbol: NMX (All Issues)


Reason: Pending News


Halt Time (ET): 7:46 AM


IIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.


SOURCE Investment Industry Regulatory Organization of Canada (IIROC) - Halts/Resumptions



 


View original content: http://www.newswire.ca/en/releases/archive/July2019/19/c2373.html



For further information about IIROC's trading halt policy, please see Trading Halts & Timely Disclosure (http://www.iiroc.ca/industry/marketmonitoringanalysis/Pages/Trading-Halts-Timely-Disclosure.aspx) at www.iiroc.ca under the Halts & Resumptions tab. Please note that IIROC staff cannot provide any information about a specific halt beyond what is contained in this halt notice. For general information about IIROC, contact IIROC's Complaints & Inquiries team at inquiries@iiroc.ca or 1-877-442-4322 (Option 2). For company-related enquiries, contact the company directly.Copyright CNW Group 2019

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Media Relations posted an update in NEMASKA LITHIUM INC.

1 month

Nemaska Lithium eyes fresh steps to raise capital for Quebec project
Reuters | June 12, 2019 | 12:16 pm
Battery Metals

https://www.mining.com/web/nemaska-lithium-eyes-fresh-steps-to-raise-capital-for-quebec-project/

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8020Admin

2 months

8020Admin posted a press release Star Navigation Announces Resignation of Directors in NEMASKA LITHIUM INC.

• Construction pace is adapted to ensure optimal use of current resources
• 
55% of detailed engineering completed in Shawinigan as of April 30, 2019
• Quality hydroxide products steadily produced out of the Phase 1 plant

QUÉBEC CITY, May 16, 2019 (GLOBE NEWSWIRE) -- Nemaska Lithium Inc. (the “Corporation”) (TSX: NMX) (OTCQX: NMKEF) (Frankfurt: N0T) today provides an update on the overall Whabouchi project and discloses its quarterly financials.


“We have made good overall progress during the past months on both the construction at the Whabouchi mine and the detailed engineering at the Shawinigan plant. While we are carefully managing cash at our disposal, we are also reviewing financing opportunities and strategic alternatives with the help of our financial advisors. We are diligently proceeding one step at a time towards achieving our ultimate goals within the best possible timeframe in the best interest of all our stakeholders,” said Guy Bourassa, President and CEO of Nemaska Lithium.


As at March 31, 2019, the Corporation had on hand CAD $262.3M in unrestricted cash and cash equivalents and the equivalent in CAD $522M of restricted cash and in-trust deposits (mainly bond proceeds). As at March 31, 2019, CAD $190.1M has been incurred for the Whabouchi mine, and CAD $111.4M for the Shawinigan electrochemical plant.


Construction Execution Plan Underway


At Whabouchi, the foundations for the primary, secondary and tertiary crushers are completed and structural steel installation is well advanced. Furthermore, concrete pouring and backfilling are nearing completion, electric distribution is completed, and the construction camp, its cafeteria and training facilities are fully functional. About 50% of the crushing, ore sorting and concentrator equipment has been received, and most of it has been installed.


In Shawinigan, detailed engineering work for the electrochemical plant continues. The progress achieved over the past few months will be reflected in the updated 43-101 Technical Report – Feasability Study expected to be completed in June. As at April 30, 2019, the detailed engineering progress was estimated at approximately 55% complete, which will add considerable knowledge to the project that could translate into cost savings in the subsequent bidding and procurement process set to resume upon completion of the project financing.


As previously mentioned, the construction pace at both the Whabouchi mine and the Shawinigan plant has been adapted to ensure an optimal and efficient use of current resources. In addition, the majority of BBA’s recommendations received at the end of April have been implemented.


Financing alternatives under review


The dual-track financing action plan and review process of all available alternatives is underway as the Corporation is, with the assistance of Clarksons Platou Securities and National Bank Financial, in touch with different parties and analyzing potential available options. The reception of the BBA report at the end of April 2019 was a key element in advancing these discussions as it provided validation of the cost-to-complete estimate and the operational strategy.


Constant Deliveries Out of the Phase 1 Plant  


Activities out of the Phase 1 plant continue at a steady pace. High purity lithium hydroxide monohydrate commercial samples are delivered every week to current and potential clients internationally.


Conference Call


Nemaska Lithium will host a conference call on May 16, 2019 at 10:30 am EST. The Corporation’s President and CEO, Mr. Guy Bourassa, will discuss this morning’s announcement. The call can be accessed at the following:


Online:
https://edge.media-server.com/m6/p/8ygntgrn


Dial information: 
US/CANADA Participant Toll-Free Dial-In Number: (866) 353-6129
US/CANADA Participant International Dial-In Number: +1 (409) 217-8084
Conference ID: 6769469


About Nemaska Lithium


Nemaska Lithium Inc. is a developing chemical company whose activities will be vertically integrated, from spodumene mining to the commercialization of high-purity lithium hydroxide and lithium carbonate. These lithium salts are mainly destined for the fast-growing lithium-ion battery market, which is driven by the increasing demand for electric vehicles and energy storage worldwide. With its products and processes, the Corporation intends to facilitate access to green energy, for the benefit of humanity.


The Corporation will be operating the Whabouchi mine in Québec, Canada, one of the richest lithium spodumene deposits in the world, both in volume and grade. The spodumene concentrate produced at the Whabouchi mine will be processed at the Shawinigan plant using a unique membrane electrolysis process for which the Corporation holds several patents.


The Corporation is a member of the S&P/TSX SmallCap Index, S&P/TSX Global Mining Index, S&P/TSX Global Base Metals Index, S&P/TSX Equal Weight Global Base Metals Index, and the MSCI Canada Small Cap Index. For more information, visit www.nemaskalithium.com or twitter.com/Nemaska Lithium.


Cautionary Statement on Forward-Looking Information


All statements, other than statements of historical fact, contained in this press release including, but not limited to, those relating to preserving cash on hand, obtaining the additional capital required to enable the Corporation to complete construction, the careful management fo the Corporation’s resources, including cash, the ability to meet funding and other conditions under the streaming agreement and the senior secured bonds, the expected unfolding of construction and commissioning as well as the anticipated start of production at the Whabouchi mine and Shawinigan plant sites on a timely basis, constitute “forward-looking information” and “forward-looking statements” within the meaning of certain securities laws and are based on expectations and projections as of the date of this press release. Certain important assumptions by the Corporation in making forward-looking statements include, but are not limited to, the obtaining of the additional capital required to fulfill the conditions precedent to receive the remaining proceeds from the project financing being the second tranche payment under the Streaming facility and the Bonds offering proceeds.


Forward-looking statements contained in this press release include, without limitation, those related to (i) the review of financing opportunities and strategic alternatives to complete the project financing, (ii) the addition of considerable knowledge depth as a result of detailed engineering progress, (iii) the cost savings in subsequent bidding and procurement process set to resume after financing, (iv) the optimal and efficient use of current resources until financing is completed, (v) the existence of potential financing opportunities to carry the project through commercial production, (vi) the completion of an updated NI 43-101 Technical Report – Feasibility Study, and (vii) generally, the above “About Nemaska Lithium” paragraph which essentially describes the Corporation’s outlook. Forward-looking statements are based on expectations, estimates and projections as of the time of this press release. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Corporation as of the time of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect.


Many of these uncertainties and contingencies can directly or indirectly affect, and could cause, actual results to differ materially from those expressed or implied in any forward-looking statements. There can be no assurance that additional funding or any other strategic alternatives can be available, that the Corporation will meet conditions under the streaming facility and the bonds and that the Whabouchi mine and/or the electrochemical plant in Shawinigan will be commissioned and will begin production, as future events could differ materially what is currently anticipated by the Corporation.


By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that estimates, forecasts, projections and other forward-looking statements will not be achieved or that assumptions do not reflect future experience. Forward-looking statements are provided for the purpose of providing information about management’s expectations and plans relating to the future. Readers are cautioned not to place undue reliance on these forward-looking statements as a number of important risk factors and future events could cause the actual outcomes to differ materially from the beliefs, plans, objectives, expectations, anticipations, estimates, assumptions and intentions expressed in such forward-looking statements. All of the forward-looking statements made in this press release are qualified by these cautionary statements and those made in our other filings with the securities regulators of Canada including, but not limited to, the cautionary statements made in the “Risk Factors” section of the Corporation’s Annual Information Form dated October 10, 2018, and the “Risk Exposure and Management” section of the Corporation’s quarterly Management Discussion & Analysis. The Corporation cautions that the foregoing list of factors that may affect future results is not exhaustive, and new, unforeseeable risks may arise from time to time. The Corporation disclaims any intention or obligation to update or revise any forward-looking statements or to explain any material difference between subsequent actual events and such forward-looking statements, except to the extent required by applicable law.


Further information regarding Nemaska Lithium is available in the SEDAR database (www.sedar.com) and on the Corporation’s website at: www.nemaskalithium.com.


FOR FURTHER INFORMATION, PLEASE CONTACT:









Victor Cantore
Investor Relations
514 831-3809
victor.cantore@nemaskalithium.com
Wanda Cutler
Investor Relations
416 303-6460
wanda.cutler@nemaskalithium.com 

Gabrielle Tellier
Media Relations
514 348-0466
gabrielle.tellier@nemaskalithium.com


Photos accompanying this announcement are available at: 
http://www.globenewswire.com/NewsRoom/AttachmentNg/66723b06-221c-4aec-9b4b-0244f78cfaf8
http://www.globenewswire.com/NewsRoom/AttachmentNg/21aa212a-0b28-4643-9fc7-eaa0484ad5ad
http://www.globenewswire.com/NewsRoom/AttachmentNg/606c53af-f921-4539-9809-d57ab7d4e5cc
http://www.globenewswire.com/NewsRoom/AttachmentNg/a0a73d55-a9df-4a3a-9749-134f2a9d4198



Primary Logo



 



Project Update May 16, 2019



 



Aerial View of the Whabouchi Mine



Project Update May 16, 2019



 



Screening Tower, Primary Crusher, Secondary and Tertiary Crushers, Ore Sorting Building



Project Update May 16, 2019



 



Interior of Concentrator



Project Update May 16, 2019



 



Aerial View of Shawinigan Site



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8020Admin

4 months

8020Admin posted a press release Nemaska Lithium Welcomes New Directors in NEMASKA LITHIUM INC.

QUEBEC CITY, March 12, 2019 (GLOBE NEWSWIRE) -- Nemaska Lithium Inc. (“Nemaska Lithium” or the “Corporation”) (TSX: NMX) (OTCQX: NMKEF) (FRANCFORT: N0T) is pleased to announce the appointment of two new members to its Board of Directors:



  • Mr. Jacques Mallette, President & Chief Executive Officer of Raymor Industries Inc., a high technology company specialized in manufacturing advanced carbon materials for batteries and electronics, and a seasoned director of companies; and

  • Mr. Luc Séguin, consultant, former senior executive of Investissement Québec (“IQ”) and of its predecessor Société générale de financement du Québec (“SGF”), and a seasoned director of companies.


Mr. Mallette is a senior executive and director with considerable experience within international companies, publicly- or privately-held; he is also an entrepreneur-investor in a high technology enterprise. He was notably a senior executive of Québecor Inc. from 2003 to 2007 and president & CEO of World Color Press from 2007 to 2009. He is a member of the Québec’s Order of Chartered Professional Accountants and graduated from l’École des Hautes Études Commerciales in Montreal.


Mr. Séguin has a 25-year experience in operational and general management in the industrial sector, including eight years in Europe, followed by 12 years in corporate development and financing. He was notably senior vice president, mines, metals, energy & environment from 2003 to 2011 with SGF, and vice president at IQ from 2011 to 2015. He is a member of Québec’s Ordre des ingénieurs, graduated from l’École Polytechnique in Montreal and is an administrateur de sociétés certifié (ASC – Certified Company Director).


Michel Baril, Chairman of the Board of Nemaska Lithium, commented: “We are very happy to have Jacques and Luc joining us as directors. Their significant experience as seasoned executives will prove a great addition to the Corporation, especially in the context of the current review of financing and strategic alternatives. Their combined experience and expertise not only proves remarkable, but also complementary to those of the actual members.”


About Nemaska Lithium


Nemaska Lithium is a developing chemical company whose activities will be vertically integrated, from spodumene mining to the commercialization of high-purity lithium hydroxide and lithium carbonate. These lithium salts are mainly destined for the fast-growing lithium-ion battery market, which is driven by the increasing demand for electric vehicles and energy storage worldwide. With its products and processes, Nemaska Lithium intends to facilitate access to green energy.


The Corporation will be operating the Whabouchi mine in Québec, Canada, one of the richest lithium spodumene deposits in the world, both in volume and grade. The spodumene concentrate produced at the Whabouchi mine will be processed at the Shawinigan plant using a unique membrane electrolysis process for which the Corporation holds several patents.


Nemaska Lithium is a member of the S&P/TSX SmallCap Index, S&P/TSX Global Mining Index, S&P/TSX Global Base Metals Index, S&P/TSX Equal Weight Global Base Metals Index, and the MSCI Canada Small Cap Index. For more information, visit nemaskalithium.com or twitter.com/Nemaska_Lithium.


Cautionary Statement on Forward-Looking Information


All statements, other than statements of historical fact, contained in this press release including, but not limited to, those relating to the Corporations’ long-term potential, constitute “forward-looking information” and “forward-looking statements” within the meaning of certain securities laws and are based on expectations and projections as of the date of this press release. Certain important assumptions by the Corporation in making forward-looking statements include, but are not limited to, the Corporation being able to bring the Whabouchi mine and the Shawinigan plant to commercial production.


Forward-looking statements contained in this press release including, without limitation, those related to the above “About Nemaska Lithium” paragraph which essentially describes the Corporation’s outlook, constitute ''forward-looking information'' or ''forward-looking statements'' within the meaning of certain securities laws, and are based on expectations, estimates and projections as of the time of this press release. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Corporation as of the time of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect.


Many of these uncertainties and contingencies can directly or indirectly affect, and could cause, actual results to differ materially from those expressed or implied in any forward-looking statements and future events, could differ materially from those anticipated in such statements.


By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that estimates, forecasts, projections and other forward-looking statements will not be achieved or that assumptions do not reflect future experience. Forward-looking statements are provided for the purpose of providing information about management's expectations and plans relating to the future. Readers are cautioned not to place undue reliance on these forward-looking statements as a number of important risk factors and future events could cause the actual outcomes to differ materially from the beliefs, plans, objectives, expectations, anticipations, estimates, assumptions and intentions expressed in such forward-looking statements. All of the forward-looking statements made in this press release are qualified by these cautionary statements and those made in our other filings with the securities regulators of Canada including, but not limited to, the cautionary statements made in the “Risk Factors” section of the Corporation’s Annual Information Form dated October 10, 2018 and the “Risk Exposure and Management” section of the Corporation’s quarterly Management Discussion & Analysis. The Corporation disclaims any intention or obligation to update or revise any forward-looking statements or to explain any material difference between subsequent actual events and such forward-looking statements, except to the extent required by applicable law.


Further information regarding Nemaska Lithium is available in the SEDAR database (www.sedar.com) and on the Corporation's website at: www.nemaskalithium.com.


FOR FURTHER INFORMATION, PLEASE CONTACT:









































Victor Cantore Wanda Cutler 
Investor Relations Investor Relations 
514 831-3809 416 303-6460 
victor.cantore@nemaskalithium.com  wanda.cutler@nemaskalithium.com
   
Gabrielle Tellier  
Media Relations  
514 348-0466  
gabrielle.tellier@nemaskalithium.com  

www.nemaskalithium.com

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8020Admin

5 months

8020Admin posted a press release Update on Overall Whabouchi Project in NEMASKA LITHIUM INC.

•   Reassessment of Cost to Complete
•   Construction on Time at the Mine Site and the Electrochemical Plant

QUÉBEC CITY, Feb. 13, 2019 (GLOBE NEWSWIRE) -- Nemaska Lithium Inc. (the “Corporation”) (TSX: NMX) (OTCQX: NMKEF) (Frankfurt: N0T) today provides an update on the evolution of the Whabouchi project (mine and electrochemical plant). The Corporation reports that construction and purchasing of equipment at both the Whabouchi mine and the Shawinigan electrochemical plant are progressing on schedule. As expected at this stage of construction, a cost to complete reassessment was performed to reflect the current level of detailed engineering and reception of numerous firm quotes for equipment and installation.


“We now have a better understanding on the remaining scope of the project, estimated budget and current market conditions. The revised overall project cost reflects a more precise outlook on installation costs and other key variables to the completion of our project,” said Guy Bourassa, President and CEO of Nemaska Lithium.


As at December 31, 2018, CAD 138.4M has been incurred for the Whabouchi mine, and CAD 67.3M for the Shawinigan electrochemical plant covering mainly engineering, site and civil works. As of February 8, 2019, the Corporation had on hand CAD 335M in unrestricted cash and cash equivalents.


Cost to Complete Reassessment                                                                


Based on the CAD 1.1B financing package announced on May 30, 2018, and based on the past eight (8) months of construction, the Corporation  currently estimates that additional net funds of about CAD 375M would be required to enable the Corporation to complete construction and meet the drawdown conditions provided in the streaming agreement with Orion Mine Finance and the senior secured bonds closed on April 12 and May 30, 2018 respectively.


An important portion of these costs are now being based on finalized agreements and/or bids received rather than estimates as it was the case for the NI 43-101 Technical Report. This additional estimated funding, which is largely related to installation and indirect costs, was determined as a result of a detailed review and deeper knowledge of all project components, including detailed engineering work, revised site geotechnical data and updated equipment and installation costs. On the other hand, direct purchase package costs, mainly representing equipment, are in line with the initial budget.


“Project construction is on time and we have a capable team in place to execute and deliver the project. We also have the benefit of a strong shareholder base as well as partners with whom we are working very closely to identify a variety of funding solutions to deliver the project according to the schedule,” said Guy Bourassa. “We are evaluating several options that would enable existing and new shareholders, and project partners to join the table. Our objective remains to close the required financing on time to stay on target to complete mine construction in October 2019, in order to make the first shipment of spodumene concentrate in December 2019, followed by the start-up of the Shawinigan facility the year after.”


Ongoing Activities


In the meantime, the Corporation continues to deliver high quality lithium hydroxide products from the Phase 1 plant: “We have recently completed the installation of the drying and bagging equipment, and we have started producing lithium hydroxide monohydrate that meets battery industry product specifications,” added Mr. Bourassa. “We are very pleased with the high interest demonstrated for the product as over twenty end-users from across the world have requested to receive some of the first samples for qualification.”


The Corporation is currently evaluating the opportunity to increase the lithium hydroxide versus carbonate sales ratio to better meet the growing demand of hydroxide globally.


In parallel, significant work has also been done to finalize and implement the Whabouchi mine readiness plan, everything from procurement to operations, as well as recruitment and training activities.


“Currently, there is a very limited number of vertically-integrated lithium projects that are fully permitted and under construction around the world and Nemaska Lithium is the most advanced. As new sources of supply are required, mainly for electrical vehicles, we are building in Québec strong and valuable assets that will support innovative and green business opportunities,” concluded Mr. Bourassa.


About Nemaska Lithium


Nemaska Lithium Inc. is a developing chemical company whose activities will be vertically integrated, from spodumene mining to the commercialization of high-purity lithium hydroxide and lithium carbonate. These lithium salts are mainly destined for the fast-growing lithium-ion battery market, which is driven by the increasing demand for electric vehicles and energy storage worldwide. With its products and processes, the Corporation intends to facilitate access to green energy, for the benefit of humanity.


The Corporation will be operating the Whabouchi mine in Québec, Canada, one of the richest lithium spodumene deposits in the world, both in volume and grade. The spodumene concentrate produced at the Whabouchi mine will be processed at the Shawinigan plant using a unique membrane electrolysis process for which the Corporation holds several patents.


The Corporation is a member of the S&P/TSX SmallCap Index, S&P/TSX Global Mining Index, S&P/TSX Global Base Metals Index, S&P/TSX Equal Weight Global Base Metals Index, and the MSCI Canada Small Cap Index. For more information, visit www.nemaskalithium.com or twitter.com/Nemaska Lithium.


Cautionary Statement on Forward-Looking Information


All statements, other than statements of historical fact, contained in this press release including, but not limited to, those relating to obtaining the additional capital required to enable the Corporation to complete construction, the estimated additional costs for completing the construction of the Whabouchi mine and the Shawinigan plant, the ability to meet funding conditions under the streaming agreement and the senior secured bonds, the expected unfolding of construction and commissioning as well as the anticipated start of production at the Whabouchi mine and Shawinigan plant sites, constitute “forward-looking information” and “forward-looking statements” within the meaning of certain securities laws and are based on expectations and projections as of the date of this press release. Certain important assumptions by the Corporation in making forward-looking statements include, but are not limited to, the obtaining of the additional capital required to fulfill the conditions precedent to receive the remaining proceeds from the project financing being the second tranche payment under the Streaming facility and the Bonds offering proceeds.


Forward-looking statements contained in this press release include, without limitation, those related to (i) the ability of the Corporation to secure additional funds, including the ability of the Corporation to implement funding solutions to meet the revised budget and deliver the project according to the schedule, (ii) the revised costs which are based on current estimates and may be subject to variations, (iii) construction advancing on schedule at both the Whabouchi mine and the Shawinigan plant, (iv) the ability of the Corporation to meet funding conditions under the streaming agreement and the senior secured bonds, (v) the outcome of the evaluation of several options that would enable  existing and new shareholders and project partners to provide funding, (vi) the ability of the Corporation to complete the mine construction in October 2019 and make the first shipment of spodumene concentrate in December 2019 followed by the start of the Shawinigan facility the year after  (vii) the interest from users for samples from the Phase 1 Plant, and (viii) generally, the above “About Nemaska Lithium” paragraph which essentially describes the Corporation’s outlook. Forward-looking statements are based on expectations, estimates and projections as of the time of this press release. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Corporation as of the time of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect.


Many of these uncertainties and contingencies can directly or indirectly affect, and could cause, actual results to differ materially from those expressed or implied in any forward-looking statements. There can be no assurance that the Whabouchi mine and/or the electrochemical plant in Shawinigan will be commissioned and will begin production, as future events could differ materially what is currently anticipated by the Corporation.


By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that estimates, forecasts, projections and other forward-looking statements will not be achieved or that assumptions do not reflect future experience. Forward-looking statements are provided for the purpose of providing information about management’s expectations and plans relating to the future. Readers are cautioned not to place undue reliance on these forward-looking statements as a number of important risk factors and future events could cause the actual outcomes to differ materially from the beliefs, plans, objectives, expectations, anticipations, estimates, assumptions and intentions expressed in such forward-looking statements. All of the forward-looking statements made in this press release are qualified by these cautionary statements and those made in our other filings with the securities regulators of Canada including, but not limited to, the cautionary statements made in the “Risk Factors” section of the Corporation’s Annual Information Form dated October 10, 2018, and the “Risk Exposure and Management” section of the Corporation’s quarterly Management Discussion & Analysis. The Corporation cautions that the foregoing list of factors that may affect future results is not exhaustive, and new, unforeseeable risks may arise from time to time. The Corporation disclaims any intention or obligation to update or revise any forward-looking statements or to explain any material difference between subsequent actual events and such forward-looking statements, except to the extent required by applicable law.


Further information regarding Nemaska Lithium is available in the SEDAR database (www.sedar.com) and on the Corporation’s website at: www.nemaskalithium.com.


FOR FURTHER INFORMATION, PLEASE CONTACT:
















Victor Cantore
Investor Relations
514 831-3809
victor.cantore@nemaskalithium.com
Wanda Cutler
Investor Relations
416 303-6460
wanda.cutler@nemaskalithium.com
   
Fanny-Ève Tapp
Media Relations
514 442-0445
fanny-eve.tapp@nemaskalithium.com

!
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8020Admin

6 months

8020Admin posted a press release Nemaska Lithium Appoints Robert Beaulieu as Vice President, Operations in NEMASKA LITHIUM INC.

QUEBEC CITY, Jan. 18, 2019 (GLOBE NEWSWIRE) -- Nemaska Lithium Inc. (the “Corporation”) (TSX: NMX) (OTCQX: NMKEF) is pleased to announce the appointment of Robert Beaulieu as its new Vice President, Operations. Since January 3, Mr. Beaulieu has been overseeing the construction and operations readiness work that will lead to the commissioning of the Whabouchi mine and the Shawinigan electrochemical plant.


“We are truly pleased to welcome Robert to Nemaska Lithium, an incredible talent developed through various Canadian and international experiences,” said Guy Bourassa, President and CEO of Nemaska Lithium. “Robert has led the start-up and operations of large-scale projects and we will benefit from his vast experience in transitioning from construction and development to ramp-up and commercial operations and process optimization. As we are fast approaching a new turning point in our history, his extensive track record in the development of complex and innovative mining and metallurgical processing projects will be an excellent addition to team.”


A seasoned professional with more than 25 years of experience in the mining industry, Mr. Beaulieu brings valuable knowledge of project startups. He was notably at the helm of the technical commissioning and production ramp-up of Glencore’s Koniambo Nickel mine, in New Caledonia, from 2012 to 2018. Prior to that, he has worked in highly strategic and technological environments, leading multidisciplinary teams in the achievement of critical targets for companies including Stornoway Diamond Corporation, SNC-Lavalin,  Canadian Royalties inc and Metallurgy Magnola inc.


“It is with great pride that I am joining such a promising company as Nemaska Lithium,” said Robert Beaulieu, Vice President, Operations. “After only a few days in my new role, I have been able to witness the ingenuity and collective commitment behind Nemaska Lithium’s unique process and management philosophy. Both at the mine site and at the electrochemical plant, I have met innovative and dedicated people that truly share the common goal of making Nemaska Lithium a world-renowned success. I am very excited to embark, with them, on this journey towards the commercial operations of the project.”  


About Nemaska Lithium


Nemaska Lithium Inc. is a developing chemical company whose activities will be vertically integrated, from spodumene mining to the commercialization of high-purity lithium hydroxide and lithium carbonate. These lithium salts are mainly destined for the fast-growing lithium-ion battery market, which is driven by the increasing demand for electric vehicles and energy storage worldwide. With its products and processes, the Corporation intends to facilitate access to green energy, for the benefit of humanity.


The Corporation will be operating the Whabouchi mine in Québec, Canada, one of the richest lithium spodumene deposits in the world, both in volume and grade. The spodumene concentrate produced at the Whabouchi mine will be processed at the Shawinigan plant using a unique membrane electrolysis process for which the Corporation holds several patents.


The Corporation is a member of the S&P/TSX SmallCap Index, S&P/TSX Global Mining Index, S&P/TSX Global Base Metals Index, S&P/TSX Equal Weight Global Base Metals Index, and the MSCI Canada Small Cap Index. For more information, visit www.nemaskalithium.com or twitter.com/Nemaska Lithium.


Cautionary Statement on Forward-Looking Information


All statements, other than statements of historical fact, contained in this press release constitute “forward-looking information” and “forward-looking statements” within the meaning of certain securities laws and are based on expectations and projections as of the date of this press release.


Forward-looking statements contained in this press release include, without limitation, those related to (i) the commissioning of the Whabouchi mine and the Shawinigan electrochemical plant, (ii) making Nemaska Lithium a world-renowned success  (iii) the commercial operations of the project, and (iv) generally, the above “About Nemaska Lithium” paragraph which essentially describes the Corporation’s outlook. Forward-looking statements are based on expectations, estimates and projections as of the time of this press release. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Corporation as of the time of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect.


Many of these uncertainties and contingencies can directly or indirectly affect, and could cause, actual results to differ materially from those expressed or implied in any forward-looking statements. There can be no assurance that the Whabouchi mine and/or the electrochemical plant in Shawinigan will be commissioned and will begin production, as future events could differ materially what is currently anticipated by the Corporation.


By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that estimates, forecasts, projections and other forward-looking statements will not be achieved or that assumptions do not reflect future experience. Forward-looking statements are provided for the purpose of providing information about management’s expectations and plans relating to the future. Readers are cautioned not to place undue reliance on these forward-looking statements as a number of important risk factors and future events could cause the actual outcomes to differ materially from the beliefs, plans, objectives, expectations, anticipations, estimates, assumptions and intentions expressed in such forward-looking statements. All of the forward-looking statements made in this press release are qualified by these cautionary statements and those made in our other filings with the securities regulators of Canada including, but not limited to, the cautionary statements made in the “Risk Factors” section of the Corporation’s Annual Information Form dated October 10, 2018, and the “Risk Exposure and Management” section of the Corporation’s quarterly Management Discussion & Analysis. The Corporation cautions that the foregoing list of factors that may affect future results is not exhaustive, and new, unforeseeable risks may arise from time to time. The Corporation disclaims any intention or obligation to update or revise any forward-looking statements or to explain any material difference between subsequent actual events and such forward-looking statements, except to the extent required by applicable law.


Further information regarding Nemaska Lithium is available in the SEDAR database (www.sedar.com) and on the Corporation’s website at: www.nemaskalithium.com.


FOR FURTHER INFORMATION, PLEASE CONTACT:

















Victor Cantore
Investor Relations
514 831-3809
victor.cantore@nemaskalithium.com
Wanda Cutler
Investor Relations
416 303-6460
wanda.cutler@nemaskalithium.com
   
Fanny-Ève Tapp
Media Relations
B. 514 935 2777 # 204
C. 514 442 0445
fanny-eve.tapp@nemaskalithium.com
 

www.nemaskalithium.com

!
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8020Admin

7 months

8020Admin posted a press release Nemaska Lithium to Hold its Annual General and Special Meeting of Shareholders in NEMASKA LITHIUM INC.

QUEBEC CITY, Dec. 12, 2018 (GLOBE NEWSWIRE) -- Nemaska Lithium (TSX: NMX) (OTCQX: NMKEF) is pleased to invite its shareholders and the media to its 2018 Annual General and Special Meeting of Shareholders. The Corporation will review the activities of the last fiscal year and provide an overview of ongoing activities. Mr. Guy Bourassa, President and Chief Executive Officer, will be available after the meeting to answer questions from the media.


Where:  Maison de la culture Francis-Brisson
             15, Grand-Mère Avenue
             Shawinigan (Grand-Mère Area)


When:  Tuesday, December 18, 2018, 10:00 a.m. EST


Webcast
The Annual General and Special Meeting of Shareholders will be broadcast live on the web at 10:00 a.m. EST. Please click here to access the webcast: http://webcast.servicewebdiffusion.com/nemaska-lithium-eng. The video will also be available for replay at this link 24 hours after the meeting.


Tour
Media are invited to attend a shareholders’ tour of the Shawinigan demonstration plant following the Annual General and Special Meeting. Please note that visitors must wear closed shoes, a long-sleeved shirt and long pants at all times. The safety equipment necessary for the visit will be provided on site.


About Nemaska Lithium
Nemaska Lithium is a developing chemical company whose activities will be vertically integrated, from spodumene mining to the commercialization of high-purity lithium hydroxide and lithium carbonate. These lithium salts are mainly destined for the fast-growing lithium-ion battery market, which is driven by the increasing demand for electric vehicles and energy storage worldwide. With its products and processes, Nemaska Lithium intends to facilitate access to green energy, for the benefit of humanity.


The Corporation will be operating the Whabouchi mine in Québec, Canada, one of the richest lithium spodumene deposits in the world, both in volume and grade. The spodumene concentrate produced at the Whabouchi mine will be processed at the Shawinigan plant using a unique membrane electrolysis process for which the Corporation holds several patents.


Nemaska Lithium is a member of the S&P/TSX SmallCap Index, S&P/TSX Global Mining Index, S&P/TSX Global Base Metals Index, S&P/TSX Equal Weight Global Base Metals Index, and the MSCI Canada Small Cap Index. For more information, visit www.nemaskalithium.com or twitter.com/Nemaska Lithium.


Cautionary Statement on Forward-Looking Information
Forward-looking statements contained in this media advisory include, without limitation, those related to the above “About Nemaska Lithium” paragraph which essentially describes the Corporation’s outlook. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Corporation as of the time of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect. Forward-looking statements are provided for the purpose of sharing information about management’s expectations and plans relating to the future. All of the forward-looking statements made in this media advisory are qualified by these cautionary statements and those made in our other filings with the securities regulators of Canada. Those documents, for shareholders’ attention, can be accessed via SEDAR: https://www.sedar.com/DisplayProfile.do?lang=EN&issuerType=03&issuerNo=00027813.


FOR FURTHER INFORMATION, PLEASE CONTACT:









Victor Cantore
Investor Relations 
514 831-3809
victor.cantore@nemaskalithium.com
Wanda Cutler 
Investor Relations 
416 303-6460 
wanda.cutler@nemaskalithium.com

Fanny-Ève Tapp
Media Relations
B. 514 935 2777 # 204
C. 514 442 0445
fanny-eve.tapp@nemaskalithium.com 

!

Nemaska Lithium Inc.

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Nemaska Lithium is a Canadian lithium company listed on the TSX under the stock symbol NMX, on the OTCXQ under the symbol NMKEF and on the Frankfurt under the symbol N0T (German only). Nemaska Lithium intends to become a lithium hydroxide supplier and lithium carbonate supplier to the emerging li...

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Nemaska Lithium Inc.

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Nemaska Lithium is a Canadian lithium company listed on the TSX under the stock symbol NMX, on the OTCXQ under the sy......

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8020Admin

10 hours

8020Admin posted a press release Nemaska Lithium Announces CAD 600M Equity Investment Proposal from The Pallinghurst Group in NEMASKA LITHIUM INC.




  • Enters into a letter of intent for a CAD 200M private placement and a CAD 400M rights offering guaranteed by way of a stand-by commitment



  • The private placement and rights offering both to be concluded at CAD 0.25 per share



QUEBEC CITY, July 19, 2019 (GLOBE NEWSWIRE) -- Nemaska Lithium Inc. (the "Corporation" or “Nemaska Lithium”) (TSX: NMX) (OTCQX: NMKEF) (Frankfurt: N0T) is pleased to announce that it has received and accepted a letter of intent (“LOI”) from The Pallinghurst Group (“Pallinghurst”), a global metals and mining industry investor, for the financing of the Whabouchi project, comprised of a lithium mine located in the Eeyou Istchee James-Bay territory and an electrochemical plant in Shawinigan. Pallinghurst’s LOI contemplates a CAD 200M private placement at CAD 0.25 per share and a stand-by purchase agreement to fully guarantee the successful completion of a rights offering of up to CAD 400M at the same issue price.


Pallinghurst and the Corporation agreed to a 3-month exclusivity period to allow for, among other things, the finalization of definitive agreements and completion of Pallinghurst’s due diligence.


The BBA report’s conclusions disclosed on April 29, 2019 supported the Corporation’s February 13, 2019 Whabouchi project cost-to-complete internal estimate, pursuant to which additional net funds of approximately CAD 375M were then required. However, it is the Corporation’s and Pallinghurst’s desire to ensure that the Corporation will be fully financed, while benefiting from reasonable financial flexibility to ensure the project attains nameplate capacity at the Shawinigan electrochemical plant. As such, the ultimate size of the rights offering will be determined by the parties following completion of Pallinghurst’s due diligence review and prior to execution of the definitive agreements.


“I am very proud today to share with all Nemaska Lithium stakeholders, the positive outcome of months of thorough review of alternatives and of discussions with several interested parties. Pallinghurst is a renowned financier with a unique vision and a deep knowledge of the lithium and battery material sector, making it a prime partner with whom we can embark on the next phase of our development. With Pallinghurst and Investissement Québec’s loyal support, we are solidifying the Corporation’s longevity and therefore, increasing the inherent value of the project for our stakeholders,” said Guy Bourassa, President and CEO of Nemaska Lithium.


“It is a pleasure to announce Pallinghurst’s intention to become a key partner of Nemaska Lithium, a corporation that truly embodies the future of supplying premium quality lithium products to the rapidly growing battery industry. The Corporation’s sustainable approach to the mining of its world-class deposit combined with the use of innovative value-adding technology sets Nemaska Lithium apart. In our view, Nemaska Lithium’s lithium salt will rapidly become one of the most sought-after battery materials globally. The Nemaska Lithium investment is in line with Pallinghurst’s desire to focus exclusively on the supply of critical battery and fuel-cell related materials. In addition, we are delighted to further invest in the Province of Québec, one of the world’s most attractive mining jurisdictions,” said Arne H. Frandsen, Co-founder and Managing Partner of Pallinghurst.


“As a longstanding partner of the Corporation, we are pleased to support Nemaska Lithium. We welcome the arrival of Pallinghurst, a strategic partner, with whom we intend to continue to ensure the sustainability of the project. The Nemaska Lithium project is a great opportunity for growth for our electric vehicle sector, an industry that generates positive economic benefits for Québec,” said Guy LeBlanc, President and Chief Executive Officer, Investissement Québec.


Context of the Announcement


The Board of Directors of Nemaska Lithium has accepted the LOI based on a unanimous recommendation from a special committee of independent directors that was charged with reviewing all alternatives with the assistance of financial and legal advisors, as was announced by the Corporation on February 27, 2019. After having solicited and engaged into discussions with several parties and having considered available alternatives, the Board of Directors has determined that it is now in the best interests of Nemaska Lithium and its stakeholders to finalize negotiations on an exclusive basis with Pallinghurst with a view to completing the transaction.  


In its recommendation, the special committee considered many factors, including the interests of the Corporation and its stakeholders, the economic and market environment in which Nemaska Lithium operates, the equity commitment size and the structure combining a private placement and a rights offering. This transaction will, allow existing Nemaska Lithium shareholders to participate. The special committee concluded that the overall terms of Pallinghurst’s LOI are reasonable and acceptable, notably the duration of the exclusivity period, the covenants of Pallinghurst and the contemplated terms of the definitive agreements.


Additional Terms of the Letter of Intent


The LOI provides that, in case of termination of the transaction, Pallinghurst will be entitled to receive either a payment of a CAD 12M fee or, at its sole discretion, warrants providing for the issuance of such number of shares that represents 19.99% of the shares outstanding of Nemaska Lithium as at the date of the execution of the LOI at a price of CAD 0.25 per share, for a period of 12 months following the grant of such warrants. Issuance of the warrants is subject to the approval of the Toronto Stock Exchange.


The definitive agreements will also contain numerous conditions and deal protection provisions, including non‑solicitation covenants customary for this type of transaction, applicable regulatory approvals including, but not limited to, the approval of the Toronto Stock Exchange, and the approval of the shareholders of Nemaska Lithium. In addition, it remains subject to the amendment of certain terms of the current stream agreement and senior secured callable bonds.


It is anticipated that a special meeting of Nemaska Lithium shareholders to consider this transaction would be held in or before October 2019. Additional details regarding the timing of this transaction will be communicated over the coming weeks.


There is no assurance that definitive agreements will be reached in relation to any transaction following the exclusivity period and the ongoing discussions. No assurance may be given that a transaction will occur in relation to the proposed transaction or otherwise, or regarding the definitive terms of such transaction, if any.


Arrangement Pursuant to Section 192 of the Canada Business Corporations Act


In light of the complexity of the implementation of the investment proposal and the number of stakeholders involved, Nemaska Lithium sought a preliminary interim order pursuant to the Canada Business Corporations Act, a federal law in Canada under which a solvent corporation can efficiently implement such a complex transaction. The process itself is called an “arrangement”, a term widely construed, as it aims to encompass novel, complex and unique transactions in the best interest of all stakeholders.


Clarksons Platou Securities AS and National Bank Financial are acting as financial advisors to the Corporation.


Conference Call


Nemaska Lithium will host a conference call on July 19, 2019 at 2:30 PM EDT. The Corporation’s President and CEO, Mr. Guy Bourassa, and Co-founder and Managing Partner of Pallinghurst, Mr. Arne H. Frandsen, will discuss this morning’s announcement. The call can be accessed at the following:


Online


https://edge.media-server.com/mmc/p/uecet5m6


Dial information


US/CANADA Participant Toll-Free Dial-In Number: (866) 353-6129
US/CANADA Participant International Dial-In Number: +1 (409) 217-8084
Conference ID: 4898630


About Nemaska Lithium


Nemaska Lithium Inc. is a developing chemical company whose activities will be vertically integrated, from spodumene mining to the commercialization of high-purity lithium hydroxide and lithium carbonate. These lithium salts are mainly destined for the fast-growing lithium-ion battery market, which is driven by the increasing demand for electric vehicles and energy storage worldwide. With its products and processes, the Corporation intends to facilitate access to green energy, for the benefit of humanity.


The Corporation will be operating the Whabouchi mine in Québec, Canada, one of the richest lithium spodumene deposits in the world, both in volume and grade. The spodumene concentrate produced at the Whabouchi mine will be processed at the Shawinigan plant using a unique membrane electrolysis process for which the Corporation holds several patents.


The Corporation is a member of the S&P/TSX SmallCap Index, S&P/TSX Global Mining Index, S&P/TSX Global Base Metals Index, S&P/TSX Equal Weight Global Base Metals Index, and the MSCI Canada Small Cap Index. For more information, visit www.nemaskalithium.com or twitter.com/Nemaska Lithium.


About The Pallinghurst Group


The Pallinghurst Group is a London-based leading strategic investor in the global metals and mining sector with significant development, operational and financial expertise in mining. For the past 12 years, Pallinghurst has put US$2 billion of equity capital to work in a number of mining projects. As a hands-on investor, Pallinghurst seeks to act as a catalyst for developing and unlocking value for the benefit of all stakeholders. Pallinghurst’s investors consist of blue-chip family offices, sovereign wealth funds as well as specialized mining investors.


To learn more about Pallinghurst : www.pallinghurst.com


Cautionary Statement on Forward-Looking Information


All statements, other than statements of historical fact, contained in this press release including, but not limited to, those relating to obtaining the additional capital required to enable the Corporation to complete construction, the ability to obtain amendments to, and thereafter meet funding and other conditions under, the streaming agreement and the senior secured bonds, constitute “forward-looking information” and “forward-looking statements” within the meaning of certain securities laws and are based on expectations and projections as of the date of this press release. Certain important assumptions by the Corporation in making forward-looking statements include, but are not limited to, the closing of Pallinghurst’s investment and rights offering (assuming shareholders’ approval), providing the Corporation with the additional capital required to (i) fulfill the conditions precedent to receive the remaining proceeds from the project financing (being the second tranche payment under the Streaming facility and the Bonds offering proceeds), (ii) resume and complete project construction and commissioning, and (iii) reach commercial production.


Forward-looking statements contained in this press release include, without limitation, those related to (i) the ability of the Corporation to close Pallinghurst’s proposed investment and rights offering, allowing the Corporation to meet the revised budget and bring the project to commercial production, (ii) Investissement Québec’s continued support to close the Pallinghurst investment and rights offering, (iii) the Corporation’s longevity and the increase of the project’s inherent value for shareholders, (iv) the obtaining of shareholders’ approval, (v) the ability of the Corporation to obtain amended terms to the current stream agreements and the senior secured callable bonds, (vi) the execution of definitive agreements with Pallinghurst, (vii) the completion of an arrangement under the Canada Business Corporations Act, (viii) the ability of the Corporation to meet funding and other conditions under the Streaming agreement and the senior secured bonds, (ix) the ability of the Corporation to complete the mine construction and the Shawinigan facility, and (x) generally, the statements made by Messrs. Bourassa and Frandsen (notably those about the general outlook of the transaction) as well as the above “About Nemaska Lithium” paragraph which essentially describes the Corporation’s outlook. Forward-looking statements are based on expectations, estimates and projections as of the time of this press release. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Corporation as of the time of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect.


Many of these uncertainties and contingencies can directly or indirectly affect, and could cause, actual results to differ materially from those expressed or implied in any forward-looking statements. There can be no assurance that (i) amendments to the Bond terms or the Streaming Agreement will be obtained, (ii) definitive agreements will be concluded with Pallinghurst, (iii) the proposed investment will close, (iv) shareholders will approve the Pallinghurst investment, (v) that the Corporation will meet conditions under the streaming facility and the bonds and (vi) the Whabouchi mine and/or the electrochemical plant in Shawinigan will be commissioned and will begin production, as future events could differ materially what is currently anticipated by the Corporation.


By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that estimates, forecasts, projections and other forward-looking statements will not be achieved or that assumptions do not reflect future experience. Forward-looking statements are provided for the purpose of providing information about management’s expectations and plans relating to the future. Readers are cautioned not to place undue reliance on these forward-looking statements as a number of important risk factors and future events could cause the actual outcomes to differ materially from the beliefs, plans, objectives, expectations, anticipations, estimates, assumptions and intentions expressed in such forward-looking statements. All of the forward-looking statements made in this press release are qualified by these cautionary statements and those made in our other filings with the securities regulators of Canada including, but not limited to, the cautionary statements made in the “Risk Factors” section of the Corporation’s Annual Information Form dated October 10, 2018, and the “Risk Exposure and Management” section of the Corporation’s quarterly Management Discussion & Analysis. The Corporation cautions that the foregoing list of factors that may affect future results is not exhaustive, and new, unforeseeable risks may arise from time to time. The Corporation disclaims any intention or obligation to update or revise any forward-looking statements or to explain any material difference between subsequent actual events and such forward-looking statements, except to the extent required by applicable law.


Further information regarding Nemaska Lithium is available in the SEDAR database (www.sedar.com) and on the Corporation’s website at: www.nemaskalithium.com.


FOR FURTHER INFORMATION, PLEASE CONTACT:










Victor Cantore
Investor Relations
514 831-3809
victor.cantore@nemaskalithium.com
Wanda Cutler
Investor Relations
416 303-6460
wanda.cutler@nemaskalithium.com
Gabrielle Tellier
Media Relations
514 348-0466
gabrielle.tellier@nemaskalithium.com

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8020Admin

11 hours

8020Admin posted a press release IIROC Trading Halt - NMX in NEMASKA LITHIUM INC.


Canada NewsWire





TORONTO, July 19, 2019 /CNW/ - The following issues have been halted by IIROC:


Company: Nemaska Lithium Inc.


TSX Symbol: NMX (All Issues)


Reason: Pending News


Halt Time (ET): 7:46 AM


IIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.


SOURCE Investment Industry Regulatory Organization of Canada (IIROC) - Halts/Resumptions



 


View original content: http://www.newswire.ca/en/releases/archive/July2019/19/c2373.html



For further information about IIROC's trading halt policy, please see Trading Halts & Timely Disclosure (http://www.iiroc.ca/industry/marketmonitoringanalysis/Pages/Trading-Halts-Timely-Disclosure.aspx) at www.iiroc.ca under the Halts & Resumptions tab. Please note that IIROC staff cannot provide any information about a specific halt beyond what is contained in this halt notice. For general information about IIROC, contact IIROC's Complaints & Inquiries team at inquiries@iiroc.ca or 1-877-442-4322 (Option 2). For company-related enquiries, contact the company directly.Copyright CNW Group 2019

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Thumb 8020 media relations

Media Relations posted an update in NEMASKA LITHIUM INC.

1 month

Nemaska Lithium eyes fresh steps to raise capital for Quebec project
Reuters | June 12, 2019 | 12:16 pm
Battery Metals

https://www.mining.com/web/nemaska-lithium-eyes-fresh-steps-to-raise-capital-for-quebec-project/

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8020Admin

2 months

8020Admin posted a press release Star Navigation Announces Resignation of Directors in NEMASKA LITHIUM INC.

• Construction pace is adapted to ensure optimal use of current resources
• 
55% of detailed engineering completed in Shawinigan as of April 30, 2019
• Quality hydroxide products steadily produced out of the Phase 1 plant

QUÉBEC CITY, May 16, 2019 (GLOBE NEWSWIRE) -- Nemaska Lithium Inc. (the “Corporation”) (TSX: NMX) (OTCQX: NMKEF) (Frankfurt: N0T) today provides an update on the overall Whabouchi project and discloses its quarterly financials.


“We have made good overall progress during the past months on both the construction at the Whabouchi mine and the detailed engineering at the Shawinigan plant. While we are carefully managing cash at our disposal, we are also reviewing financing opportunities and strategic alternatives with the help of our financial advisors. We are diligently proceeding one step at a time towards achieving our ultimate goals within the best possible timeframe in the best interest of all our stakeholders,” said Guy Bourassa, President and CEO of Nemaska Lithium.


As at March 31, 2019, the Corporation had on hand CAD $262.3M in unrestricted cash and cash equivalents and the equivalent in CAD $522M of restricted cash and in-trust deposits (mainly bond proceeds). As at March 31, 2019, CAD $190.1M has been incurred for the Whabouchi mine, and CAD $111.4M for the Shawinigan electrochemical plant.


Construction Execution Plan Underway


At Whabouchi, the foundations for the primary, secondary and tertiary crushers are completed and structural steel installation is well advanced. Furthermore, concrete pouring and backfilling are nearing completion, electric distribution is completed, and the construction camp, its cafeteria and training facilities are fully functional. About 50% of the crushing, ore sorting and concentrator equipment has been received, and most of it has been installed.


In Shawinigan, detailed engineering work for the electrochemical plant continues. The progress achieved over the past few months will be reflected in the updated 43-101 Technical Report – Feasability Study expected to be completed in June. As at April 30, 2019, the detailed engineering progress was estimated at approximately 55% complete, which will add considerable knowledge to the project that could translate into cost savings in the subsequent bidding and procurement process set to resume upon completion of the project financing.


As previously mentioned, the construction pace at both the Whabouchi mine and the Shawinigan plant has been adapted to ensure an optimal and efficient use of current resources. In addition, the majority of BBA’s recommendations received at the end of April have been implemented.


Financing alternatives under review


The dual-track financing action plan and review process of all available alternatives is underway as the Corporation is, with the assistance of Clarksons Platou Securities and National Bank Financial, in touch with different parties and analyzing potential available options. The reception of the BBA report at the end of April 2019 was a key element in advancing these discussions as it provided validation of the cost-to-complete estimate and the operational strategy.


Constant Deliveries Out of the Phase 1 Plant  


Activities out of the Phase 1 plant continue at a steady pace. High purity lithium hydroxide monohydrate commercial samples are delivered every week to current and potential clients internationally.


Conference Call


Nemaska Lithium will host a conference call on May 16, 2019 at 10:30 am EST. The Corporation’s President and CEO, Mr. Guy Bourassa, will discuss this morning’s announcement. The call can be accessed at the following:


Online:
https://edge.media-server.com/m6/p/8ygntgrn


Dial information: 
US/CANADA Participant Toll-Free Dial-In Number: (866) 353-6129
US/CANADA Participant International Dial-In Number: +1 (409) 217-8084
Conference ID: 6769469


About Nemaska Lithium


Nemaska Lithium Inc. is a developing chemical company whose activities will be vertically integrated, from spodumene mining to the commercialization of high-purity lithium hydroxide and lithium carbonate. These lithium salts are mainly destined for the fast-growing lithium-ion battery market, which is driven by the increasing demand for electric vehicles and energy storage worldwide. With its products and processes, the Corporation intends to facilitate access to green energy, for the benefit of humanity.


The Corporation will be operating the Whabouchi mine in Québec, Canada, one of the richest lithium spodumene deposits in the world, both in volume and grade. The spodumene concentrate produced at the Whabouchi mine will be processed at the Shawinigan plant using a unique membrane electrolysis process for which the Corporation holds several patents.


The Corporation is a member of the S&P/TSX SmallCap Index, S&P/TSX Global Mining Index, S&P/TSX Global Base Metals Index, S&P/TSX Equal Weight Global Base Metals Index, and the MSCI Canada Small Cap Index. For more information, visit www.nemaskalithium.com or twitter.com/Nemaska Lithium.


Cautionary Statement on Forward-Looking Information


All statements, other than statements of historical fact, contained in this press release including, but not limited to, those relating to preserving cash on hand, obtaining the additional capital required to enable the Corporation to complete construction, the careful management fo the Corporation’s resources, including cash, the ability to meet funding and other conditions under the streaming agreement and the senior secured bonds, the expected unfolding of construction and commissioning as well as the anticipated start of production at the Whabouchi mine and Shawinigan plant sites on a timely basis, constitute “forward-looking information” and “forward-looking statements” within the meaning of certain securities laws and are based on expectations and projections as of the date of this press release. Certain important assumptions by the Corporation in making forward-looking statements include, but are not limited to, the obtaining of the additional capital required to fulfill the conditions precedent to receive the remaining proceeds from the project financing being the second tranche payment under the Streaming facility and the Bonds offering proceeds.


Forward-looking statements contained in this press release include, without limitation, those related to (i) the review of financing opportunities and strategic alternatives to complete the project financing, (ii) the addition of considerable knowledge depth as a result of detailed engineering progress, (iii) the cost savings in subsequent bidding and procurement process set to resume after financing, (iv) the optimal and efficient use of current resources until financing is completed, (v) the existence of potential financing opportunities to carry the project through commercial production, (vi) the completion of an updated NI 43-101 Technical Report – Feasibility Study, and (vii) generally, the above “About Nemaska Lithium” paragraph which essentially describes the Corporation’s outlook. Forward-looking statements are based on expectations, estimates and projections as of the time of this press release. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Corporation as of the time of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect.


Many of these uncertainties and contingencies can directly or indirectly affect, and could cause, actual results to differ materially from those expressed or implied in any forward-looking statements. There can be no assurance that additional funding or any other strategic alternatives can be available, that the Corporation will meet conditions under the streaming facility and the bonds and that the Whabouchi mine and/or the electrochemical plant in Shawinigan will be commissioned and will begin production, as future events could differ materially what is currently anticipated by the Corporation.


By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that estimates, forecasts, projections and other forward-looking statements will not be achieved or that assumptions do not reflect future experience. Forward-looking statements are provided for the purpose of providing information about management’s expectations and plans relating to the future. Readers are cautioned not to place undue reliance on these forward-looking statements as a number of important risk factors and future events could cause the actual outcomes to differ materially from the beliefs, plans, objectives, expectations, anticipations, estimates, assumptions and intentions expressed in such forward-looking statements. All of the forward-looking statements made in this press release are qualified by these cautionary statements and those made in our other filings with the securities regulators of Canada including, but not limited to, the cautionary statements made in the “Risk Factors” section of the Corporation’s Annual Information Form dated October 10, 2018, and the “Risk Exposure and Management” section of the Corporation’s quarterly Management Discussion & Analysis. The Corporation cautions that the foregoing list of factors that may affect future results is not exhaustive, and new, unforeseeable risks may arise from time to time. The Corporation disclaims any intention or obligation to update or revise any forward-looking statements or to explain any material difference between subsequent actual events and such forward-looking statements, except to the extent required by applicable law.


Further information regarding Nemaska Lithium is available in the SEDAR database (www.sedar.com) and on the Corporation’s website at: www.nemaskalithium.com.


FOR FURTHER INFORMATION, PLEASE CONTACT:









Victor Cantore
Investor Relations
514 831-3809
victor.cantore@nemaskalithium.com
Wanda Cutler
Investor Relations
416 303-6460
wanda.cutler@nemaskalithium.com 

Gabrielle Tellier
Media Relations
514 348-0466
gabrielle.tellier@nemaskalithium.com


Photos accompanying this announcement are available at: 
http://www.globenewswire.com/NewsRoom/AttachmentNg/66723b06-221c-4aec-9b4b-0244f78cfaf8
http://www.globenewswire.com/NewsRoom/AttachmentNg/21aa212a-0b28-4643-9fc7-eaa0484ad5ad
http://www.globenewswire.com/NewsRoom/AttachmentNg/606c53af-f921-4539-9809-d57ab7d4e5cc
http://www.globenewswire.com/NewsRoom/AttachmentNg/a0a73d55-a9df-4a3a-9749-134f2a9d4198



Primary Logo



 



Project Update May 16, 2019



 



Aerial View of the Whabouchi Mine



Project Update May 16, 2019



 



Screening Tower, Primary Crusher, Secondary and Tertiary Crushers, Ore Sorting Building



Project Update May 16, 2019



 



Interior of Concentrator



Project Update May 16, 2019



 



Aerial View of Shawinigan Site



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8020Admin

4 months

8020Admin posted a press release Nemaska Lithium Welcomes New Directors in NEMASKA LITHIUM INC.

QUEBEC CITY, March 12, 2019 (GLOBE NEWSWIRE) -- Nemaska Lithium Inc. (“Nemaska Lithium” or the “Corporation”) (TSX: NMX) (OTCQX: NMKEF) (FRANCFORT: N0T) is pleased to announce the appointment of two new members to its Board of Directors:



  • Mr. Jacques Mallette, President & Chief Executive Officer of Raymor Industries Inc., a high technology company specialized in manufacturing advanced carbon materials for batteries and electronics, and a seasoned director of companies; and

  • Mr. Luc Séguin, consultant, former senior executive of Investissement Québec (“IQ”) and of its predecessor Société générale de financement du Québec (“SGF”), and a seasoned director of companies.


Mr. Mallette is a senior executive and director with considerable experience within international companies, publicly- or privately-held; he is also an entrepreneur-investor in a high technology enterprise. He was notably a senior executive of Québecor Inc. from 2003 to 2007 and president & CEO of World Color Press from 2007 to 2009. He is a member of the Québec’s Order of Chartered Professional Accountants and graduated from l’École des Hautes Études Commerciales in Montreal.


Mr. Séguin has a 25-year experience in operational and general management in the industrial sector, including eight years in Europe, followed by 12 years in corporate development and financing. He was notably senior vice president, mines, metals, energy & environment from 2003 to 2011 with SGF, and vice president at IQ from 2011 to 2015. He is a member of Québec’s Ordre des ingénieurs, graduated from l’École Polytechnique in Montreal and is an administrateur de sociétés certifié (ASC – Certified Company Director).


Michel Baril, Chairman of the Board of Nemaska Lithium, commented: “We are very happy to have Jacques and Luc joining us as directors. Their significant experience as seasoned executives will prove a great addition to the Corporation, especially in the context of the current review of financing and strategic alternatives. Their combined experience and expertise not only proves remarkable, but also complementary to those of the actual members.”


About Nemaska Lithium


Nemaska Lithium is a developing chemical company whose activities will be vertically integrated, from spodumene mining to the commercialization of high-purity lithium hydroxide and lithium carbonate. These lithium salts are mainly destined for the fast-growing lithium-ion battery market, which is driven by the increasing demand for electric vehicles and energy storage worldwide. With its products and processes, Nemaska Lithium intends to facilitate access to green energy.


The Corporation will be operating the Whabouchi mine in Québec, Canada, one of the richest lithium spodumene deposits in the world, both in volume and grade. The spodumene concentrate produced at the Whabouchi mine will be processed at the Shawinigan plant using a unique membrane electrolysis process for which the Corporation holds several patents.


Nemaska Lithium is a member of the S&P/TSX SmallCap Index, S&P/TSX Global Mining Index, S&P/TSX Global Base Metals Index, S&P/TSX Equal Weight Global Base Metals Index, and the MSCI Canada Small Cap Index. For more information, visit nemaskalithium.com or twitter.com/Nemaska_Lithium.


Cautionary Statement on Forward-Looking Information


All statements, other than statements of historical fact, contained in this press release including, but not limited to, those relating to the Corporations’ long-term potential, constitute “forward-looking information” and “forward-looking statements” within the meaning of certain securities laws and are based on expectations and projections as of the date of this press release. Certain important assumptions by the Corporation in making forward-looking statements include, but are not limited to, the Corporation being able to bring the Whabouchi mine and the Shawinigan plant to commercial production.


Forward-looking statements contained in this press release including, without limitation, those related to the above “About Nemaska Lithium” paragraph which essentially describes the Corporation’s outlook, constitute ''forward-looking information'' or ''forward-looking statements'' within the meaning of certain securities laws, and are based on expectations, estimates and projections as of the time of this press release. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Corporation as of the time of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect.


Many of these uncertainties and contingencies can directly or indirectly affect, and could cause, actual results to differ materially from those expressed or implied in any forward-looking statements and future events, could differ materially from those anticipated in such statements.


By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that estimates, forecasts, projections and other forward-looking statements will not be achieved or that assumptions do not reflect future experience. Forward-looking statements are provided for the purpose of providing information about management's expectations and plans relating to the future. Readers are cautioned not to place undue reliance on these forward-looking statements as a number of important risk factors and future events could cause the actual outcomes to differ materially from the beliefs, plans, objectives, expectations, anticipations, estimates, assumptions and intentions expressed in such forward-looking statements. All of the forward-looking statements made in this press release are qualified by these cautionary statements and those made in our other filings with the securities regulators of Canada including, but not limited to, the cautionary statements made in the “Risk Factors” section of the Corporation’s Annual Information Form dated October 10, 2018 and the “Risk Exposure and Management” section of the Corporation’s quarterly Management Discussion & Analysis. The Corporation disclaims any intention or obligation to update or revise any forward-looking statements or to explain any material difference between subsequent actual events and such forward-looking statements, except to the extent required by applicable law.


Further information regarding Nemaska Lithium is available in the SEDAR database (www.sedar.com) and on the Corporation's website at: www.nemaskalithium.com.


FOR FURTHER INFORMATION, PLEASE CONTACT:









































Victor Cantore Wanda Cutler 
Investor Relations Investor Relations 
514 831-3809 416 303-6460 
victor.cantore@nemaskalithium.com  wanda.cutler@nemaskalithium.com
   
Gabrielle Tellier  
Media Relations  
514 348-0466  
gabrielle.tellier@nemaskalithium.com  

www.nemaskalithium.com

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8020Admin

5 months

8020Admin posted a press release Update on Overall Whabouchi Project in NEMASKA LITHIUM INC.

•   Reassessment of Cost to Complete
•   Construction on Time at the Mine Site and the Electrochemical Plant

QUÉBEC CITY, Feb. 13, 2019 (GLOBE NEWSWIRE) -- Nemaska Lithium Inc. (the “Corporation”) (TSX: NMX) (OTCQX: NMKEF) (Frankfurt: N0T) today provides an update on the evolution of the Whabouchi project (mine and electrochemical plant). The Corporation reports that construction and purchasing of equipment at both the Whabouchi mine and the Shawinigan electrochemical plant are progressing on schedule. As expected at this stage of construction, a cost to complete reassessment was performed to reflect the current level of detailed engineering and reception of numerous firm quotes for equipment and installation.


“We now have a better understanding on the remaining scope of the project, estimated budget and current market conditions. The revised overall project cost reflects a more precise outlook on installation costs and other key variables to the completion of our project,” said Guy Bourassa, President and CEO of Nemaska Lithium.


As at December 31, 2018, CAD 138.4M has been incurred for the Whabouchi mine, and CAD 67.3M for the Shawinigan electrochemical plant covering mainly engineering, site and civil works. As of February 8, 2019, the Corporation had on hand CAD 335M in unrestricted cash and cash equivalents.


Cost to Complete Reassessment                                                                


Based on the CAD 1.1B financing package announced on May 30, 2018, and based on the past eight (8) months of construction, the Corporation  currently estimates that additional net funds of about CAD 375M would be required to enable the Corporation to complete construction and meet the drawdown conditions provided in the streaming agreement with Orion Mine Finance and the senior secured bonds closed on April 12 and May 30, 2018 respectively.


An important portion of these costs are now being based on finalized agreements and/or bids received rather than estimates as it was the case for the NI 43-101 Technical Report. This additional estimated funding, which is largely related to installation and indirect costs, was determined as a result of a detailed review and deeper knowledge of all project components, including detailed engineering work, revised site geotechnical data and updated equipment and installation costs. On the other hand, direct purchase package costs, mainly representing equipment, are in line with the initial budget.


“Project construction is on time and we have a capable team in place to execute and deliver the project. We also have the benefit of a strong shareholder base as well as partners with whom we are working very closely to identify a variety of funding solutions to deliver the project according to the schedule,” said Guy Bourassa. “We are evaluating several options that would enable existing and new shareholders, and project partners to join the table. Our objective remains to close the required financing on time to stay on target to complete mine construction in October 2019, in order to make the first shipment of spodumene concentrate in December 2019, followed by the start-up of the Shawinigan facility the year after.”


Ongoing Activities


In the meantime, the Corporation continues to deliver high quality lithium hydroxide products from the Phase 1 plant: “We have recently completed the installation of the drying and bagging equipment, and we have started producing lithium hydroxide monohydrate that meets battery industry product specifications,” added Mr. Bourassa. “We are very pleased with the high interest demonstrated for the product as over twenty end-users from across the world have requested to receive some of the first samples for qualification.”


The Corporation is currently evaluating the opportunity to increase the lithium hydroxide versus carbonate sales ratio to better meet the growing demand of hydroxide globally.


In parallel, significant work has also been done to finalize and implement the Whabouchi mine readiness plan, everything from procurement to operations, as well as recruitment and training activities.


“Currently, there is a very limited number of vertically-integrated lithium projects that are fully permitted and under construction around the world and Nemaska Lithium is the most advanced. As new sources of supply are required, mainly for electrical vehicles, we are building in Québec strong and valuable assets that will support innovative and green business opportunities,” concluded Mr. Bourassa.


About Nemaska Lithium


Nemaska Lithium Inc. is a developing chemical company whose activities will be vertically integrated, from spodumene mining to the commercialization of high-purity lithium hydroxide and lithium carbonate. These lithium salts are mainly destined for the fast-growing lithium-ion battery market, which is driven by the increasing demand for electric vehicles and energy storage worldwide. With its products and processes, the Corporation intends to facilitate access to green energy, for the benefit of humanity.


The Corporation will be operating the Whabouchi mine in Québec, Canada, one of the richest lithium spodumene deposits in the world, both in volume and grade. The spodumene concentrate produced at the Whabouchi mine will be processed at the Shawinigan plant using a unique membrane electrolysis process for which the Corporation holds several patents.


The Corporation is a member of the S&P/TSX SmallCap Index, S&P/TSX Global Mining Index, S&P/TSX Global Base Metals Index, S&P/TSX Equal Weight Global Base Metals Index, and the MSCI Canada Small Cap Index. For more information, visit www.nemaskalithium.com or twitter.com/Nemaska Lithium.


Cautionary Statement on Forward-Looking Information


All statements, other than statements of historical fact, contained in this press release including, but not limited to, those relating to obtaining the additional capital required to enable the Corporation to complete construction, the estimated additional costs for completing the construction of the Whabouchi mine and the Shawinigan plant, the ability to meet funding conditions under the streaming agreement and the senior secured bonds, the expected unfolding of construction and commissioning as well as the anticipated start of production at the Whabouchi mine and Shawinigan plant sites, constitute “forward-looking information” and “forward-looking statements” within the meaning of certain securities laws and are based on expectations and projections as of the date of this press release. Certain important assumptions by the Corporation in making forward-looking statements include, but are not limited to, the obtaining of the additional capital required to fulfill the conditions precedent to receive the remaining proceeds from the project financing being the second tranche payment under the Streaming facility and the Bonds offering proceeds.


Forward-looking statements contained in this press release include, without limitation, those related to (i) the ability of the Corporation to secure additional funds, including the ability of the Corporation to implement funding solutions to meet the revised budget and deliver the project according to the schedule, (ii) the revised costs which are based on current estimates and may be subject to variations, (iii) construction advancing on schedule at both the Whabouchi mine and the Shawinigan plant, (iv) the ability of the Corporation to meet funding conditions under the streaming agreement and the senior secured bonds, (v) the outcome of the evaluation of several options that would enable  existing and new shareholders and project partners to provide funding, (vi) the ability of the Corporation to complete the mine construction in October 2019 and make the first shipment of spodumene concentrate in December 2019 followed by the start of the Shawinigan facility the year after  (vii) the interest from users for samples from the Phase 1 Plant, and (viii) generally, the above “About Nemaska Lithium” paragraph which essentially describes the Corporation’s outlook. Forward-looking statements are based on expectations, estimates and projections as of the time of this press release. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Corporation as of the time of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect.


Many of these uncertainties and contingencies can directly or indirectly affect, and could cause, actual results to differ materially from those expressed or implied in any forward-looking statements. There can be no assurance that the Whabouchi mine and/or the electrochemical plant in Shawinigan will be commissioned and will begin production, as future events could differ materially what is currently anticipated by the Corporation.


By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that estimates, forecasts, projections and other forward-looking statements will not be achieved or that assumptions do not reflect future experience. Forward-looking statements are provided for the purpose of providing information about management’s expectations and plans relating to the future. Readers are cautioned not to place undue reliance on these forward-looking statements as a number of important risk factors and future events could cause the actual outcomes to differ materially from the beliefs, plans, objectives, expectations, anticipations, estimates, assumptions and intentions expressed in such forward-looking statements. All of the forward-looking statements made in this press release are qualified by these cautionary statements and those made in our other filings with the securities regulators of Canada including, but not limited to, the cautionary statements made in the “Risk Factors” section of the Corporation’s Annual Information Form dated October 10, 2018, and the “Risk Exposure and Management” section of the Corporation’s quarterly Management Discussion & Analysis. The Corporation cautions that the foregoing list of factors that may affect future results is not exhaustive, and new, unforeseeable risks may arise from time to time. The Corporation disclaims any intention or obligation to update or revise any forward-looking statements or to explain any material difference between subsequent actual events and such forward-looking statements, except to the extent required by applicable law.


Further information regarding Nemaska Lithium is available in the SEDAR database (www.sedar.com) and on the Corporation’s website at: www.nemaskalithium.com.


FOR FURTHER INFORMATION, PLEASE CONTACT:
















Victor Cantore
Investor Relations
514 831-3809
victor.cantore@nemaskalithium.com
Wanda Cutler
Investor Relations
416 303-6460
wanda.cutler@nemaskalithium.com
   
Fanny-Ève Tapp
Media Relations
514 442-0445
fanny-eve.tapp@nemaskalithium.com

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8020Admin

6 months

8020Admin posted a press release Nemaska Lithium Appoints Robert Beaulieu as Vice President, Operations in NEMASKA LITHIUM INC.

QUEBEC CITY, Jan. 18, 2019 (GLOBE NEWSWIRE) -- Nemaska Lithium Inc. (the “Corporation”) (TSX: NMX) (OTCQX: NMKEF) is pleased to announce the appointment of Robert Beaulieu as its new Vice President, Operations. Since January 3, Mr. Beaulieu has been overseeing the construction and operations readiness work that will lead to the commissioning of the Whabouchi mine and the Shawinigan electrochemical plant.


“We are truly pleased to welcome Robert to Nemaska Lithium, an incredible talent developed through various Canadian and international experiences,” said Guy Bourassa, President and CEO of Nemaska Lithium. “Robert has led the start-up and operations of large-scale projects and we will benefit from his vast experience in transitioning from construction and development to ramp-up and commercial operations and process optimization. As we are fast approaching a new turning point in our history, his extensive track record in the development of complex and innovative mining and metallurgical processing projects will be an excellent addition to team.”


A seasoned professional with more than 25 years of experience in the mining industry, Mr. Beaulieu brings valuable knowledge of project startups. He was notably at the helm of the technical commissioning and production ramp-up of Glencore’s Koniambo Nickel mine, in New Caledonia, from 2012 to 2018. Prior to that, he has worked in highly strategic and technological environments, leading multidisciplinary teams in the achievement of critical targets for companies including Stornoway Diamond Corporation, SNC-Lavalin,  Canadian Royalties inc and Metallurgy Magnola inc.


“It is with great pride that I am joining such a promising company as Nemaska Lithium,” said Robert Beaulieu, Vice President, Operations. “After only a few days in my new role, I have been able to witness the ingenuity and collective commitment behind Nemaska Lithium’s unique process and management philosophy. Both at the mine site and at the electrochemical plant, I have met innovative and dedicated people that truly share the common goal of making Nemaska Lithium a world-renowned success. I am very excited to embark, with them, on this journey towards the commercial operations of the project.”  


About Nemaska Lithium


Nemaska Lithium Inc. is a developing chemical company whose activities will be vertically integrated, from spodumene mining to the commercialization of high-purity lithium hydroxide and lithium carbonate. These lithium salts are mainly destined for the fast-growing lithium-ion battery market, which is driven by the increasing demand for electric vehicles and energy storage worldwide. With its products and processes, the Corporation intends to facilitate access to green energy, for the benefit of humanity.


The Corporation will be operating the Whabouchi mine in Québec, Canada, one of the richest lithium spodumene deposits in the world, both in volume and grade. The spodumene concentrate produced at the Whabouchi mine will be processed at the Shawinigan plant using a unique membrane electrolysis process for which the Corporation holds several patents.


The Corporation is a member of the S&P/TSX SmallCap Index, S&P/TSX Global Mining Index, S&P/TSX Global Base Metals Index, S&P/TSX Equal Weight Global Base Metals Index, and the MSCI Canada Small Cap Index. For more information, visit www.nemaskalithium.com or twitter.com/Nemaska Lithium.


Cautionary Statement on Forward-Looking Information


All statements, other than statements of historical fact, contained in this press release constitute “forward-looking information” and “forward-looking statements” within the meaning of certain securities laws and are based on expectations and projections as of the date of this press release.


Forward-looking statements contained in this press release include, without limitation, those related to (i) the commissioning of the Whabouchi mine and the Shawinigan electrochemical plant, (ii) making Nemaska Lithium a world-renowned success  (iii) the commercial operations of the project, and (iv) generally, the above “About Nemaska Lithium” paragraph which essentially describes the Corporation’s outlook. Forward-looking statements are based on expectations, estimates and projections as of the time of this press release. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Corporation as of the time of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect.


Many of these uncertainties and contingencies can directly or indirectly affect, and could cause, actual results to differ materially from those expressed or implied in any forward-looking statements. There can be no assurance that the Whabouchi mine and/or the electrochemical plant in Shawinigan will be commissioned and will begin production, as future events could differ materially what is currently anticipated by the Corporation.


By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that estimates, forecasts, projections and other forward-looking statements will not be achieved or that assumptions do not reflect future experience. Forward-looking statements are provided for the purpose of providing information about management’s expectations and plans relating to the future. Readers are cautioned not to place undue reliance on these forward-looking statements as a number of important risk factors and future events could cause the actual outcomes to differ materially from the beliefs, plans, objectives, expectations, anticipations, estimates, assumptions and intentions expressed in such forward-looking statements. All of the forward-looking statements made in this press release are qualified by these cautionary statements and those made in our other filings with the securities regulators of Canada including, but not limited to, the cautionary statements made in the “Risk Factors” section of the Corporation’s Annual Information Form dated October 10, 2018, and the “Risk Exposure and Management” section of the Corporation’s quarterly Management Discussion & Analysis. The Corporation cautions that the foregoing list of factors that may affect future results is not exhaustive, and new, unforeseeable risks may arise from time to time. The Corporation disclaims any intention or obligation to update or revise any forward-looking statements or to explain any material difference between subsequent actual events and such forward-looking statements, except to the extent required by applicable law.


Further information regarding Nemaska Lithium is available in the SEDAR database (www.sedar.com) and on the Corporation’s website at: www.nemaskalithium.com.


FOR FURTHER INFORMATION, PLEASE CONTACT:

















Victor Cantore
Investor Relations
514 831-3809
victor.cantore@nemaskalithium.com
Wanda Cutler
Investor Relations
416 303-6460
wanda.cutler@nemaskalithium.com
   
Fanny-Ève Tapp
Media Relations
B. 514 935 2777 # 204
C. 514 442 0445
fanny-eve.tapp@nemaskalithium.com
 

www.nemaskalithium.com

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7 months

8020Admin posted a press release Nemaska Lithium to Hold its Annual General and Special Meeting of Shareholders in NEMASKA LITHIUM INC.

QUEBEC CITY, Dec. 12, 2018 (GLOBE NEWSWIRE) -- Nemaska Lithium (TSX: NMX) (OTCQX: NMKEF) is pleased to invite its shareholders and the media to its 2018 Annual General and Special Meeting of Shareholders. The Corporation will review the activities of the last fiscal year and provide an overview of ongoing activities. Mr. Guy Bourassa, President and Chief Executive Officer, will be available after the meeting to answer questions from the media.


Where:  Maison de la culture Francis-Brisson
             15, Grand-Mère Avenue
             Shawinigan (Grand-Mère Area)


When:  Tuesday, December 18, 2018, 10:00 a.m. EST


Webcast
The Annual General and Special Meeting of Shareholders will be broadcast live on the web at 10:00 a.m. EST. Please click here to access the webcast: http://webcast.servicewebdiffusion.com/nemaska-lithium-eng. The video will also be available for replay at this link 24 hours after the meeting.


Tour
Media are invited to attend a shareholders’ tour of the Shawinigan demonstration plant following the Annual General and Special Meeting. Please note that visitors must wear closed shoes, a long-sleeved shirt and long pants at all times. The safety equipment necessary for the visit will be provided on site.


About Nemaska Lithium
Nemaska Lithium is a developing chemical company whose activities will be vertically integrated, from spodumene mining to the commercialization of high-purity lithium hydroxide and lithium carbonate. These lithium salts are mainly destined for the fast-growing lithium-ion battery market, which is driven by the increasing demand for electric vehicles and energy storage worldwide. With its products and processes, Nemaska Lithium intends to facilitate access to green energy, for the benefit of humanity.


The Corporation will be operating the Whabouchi mine in Québec, Canada, one of the richest lithium spodumene deposits in the world, both in volume and grade. The spodumene concentrate produced at the Whabouchi mine will be processed at the Shawinigan plant using a unique membrane electrolysis process for which the Corporation holds several patents.


Nemaska Lithium is a member of the S&P/TSX SmallCap Index, S&P/TSX Global Mining Index, S&P/TSX Global Base Metals Index, S&P/TSX Equal Weight Global Base Metals Index, and the MSCI Canada Small Cap Index. For more information, visit www.nemaskalithium.com or twitter.com/Nemaska Lithium.


Cautionary Statement on Forward-Looking Information
Forward-looking statements contained in this media advisory include, without limitation, those related to the above “About Nemaska Lithium” paragraph which essentially describes the Corporation’s outlook. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Corporation as of the time of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect. Forward-looking statements are provided for the purpose of sharing information about management’s expectations and plans relating to the future. All of the forward-looking statements made in this media advisory are qualified by these cautionary statements and those made in our other filings with the securities regulators of Canada. Those documents, for shareholders’ attention, can be accessed via SEDAR: https://www.sedar.com/DisplayProfile.do?lang=EN&issuerType=03&issuerNo=00027813.


FOR FURTHER INFORMATION, PLEASE CONTACT:









Victor Cantore
Investor Relations 
514 831-3809
victor.cantore@nemaskalithium.com
Wanda Cutler 
Investor Relations 
416 303-6460 
wanda.cutler@nemaskalithium.com

Fanny-Ève Tapp
Media Relations
B. 514 935 2777 # 204
C. 514 442 0445
fanny-eve.tapp@nemaskalithium.com 

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