Just a reminder of how important is ABR's holdings in Quebec
It is a stretch but NMX NR today gives some idea of the magnitude of their project. Should ABR be successful in developing their holdings, there will be a treatment facility immediately available.or perhaps we could see a buy out of ABR's holding. We are not there yet but hope springs eternally.
"Ashburton Ventures Inc. has successfully completed an initial ground magnetic and very-low-frequency survey at its Whabouchi South property, adjacent to Nemaska Lithium Inc.'s Whabouchi project and less than 1.2 kilometres south of Nemaska's planned mine site, holding the world's second-largest and richest deposit of spodumene, the source of lithium."
"Nemaska Lithium Inc. is providing additional details concerning its proposed marketed offering. The corporation will offer a minimum of 43.48 million units for aggregate gross proceeds of $50,002,000 and a maximum of 52,174,000 units for aggregate gross proceeds of $60,000,100 (the "Offering"), at a price of $1.15 per Unit (the "Offering Price"). Each Unit will consist of one common share in the share capital of the Corporation (a "Common Share") and one-half of one Common Share purchase warrant of the Corporation (each whole Common Share purchase warrant, a "Warrant"). Each Warrant will entitle its holder to purchase one Common Share (a "Warrant Share") at a price of $1.50 per Warrant Share
The Corporation intends to use the net proceeds of the Offering for engineering fees in relation to the Whabouchi Mine and concentrator and the Shawinigan hydromet plant, down-payments for long lead items, drilling and for general working capital purposes
