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Nemaska Lithium Receives Final CAD $1,000,000 Milestone Payment
QUEBEC, QUEBEC--(Marketwired - July 26, 2017) - Nemaska Lithium Inc. ("Nemaska Lithium" or the "Corporation") (TSX:NMX)(OTCQX:NMKEF) and Johnson Matthey Plc (LSE:JMAT) (www.matthey.com) announced today that Johnson Matthey has released the final CAD$1,000,000 milestone payment following receipt and acceptance of a second shipment of 3.5t of lithium hydroxide from Nemaska Lithium (see press release of June 20, 2017). Both Johnson Matthey and Nemaska Lithium confirm that this shipment meets Johnson Matthey's lithium hydroxide specifications and concludes the milestone payments from Johnson Matthey, with Nemaska Lithium having met all the deliverables for the collaboration agreement announced on May 11, 2016.
"The commissioning and start-up of the Phase 1 Plant to date has gone exceptionally well and we have delivered battery grade lithium salts to Johnson Matthey. It has been a pleasure working with their battery materials team on this project and we look forward to our continued collaboration and on-going supplier relationship with this important manufacturer of cathodes for lithium ion batteries," said Guy Bourassa, President and CEO of Nemaska Lithium.
About Johnson Matthey
Johnson Matthey is a global speciality chemicals company underpinned by science, technology and its people. A leader in sustainable technologies, many of the group's products enhance the quality of life of millions through their beneficial impact on the environment, human health and wellbeing. The group focuses on clean air, clean energy and low carbon technologies and is an expert in the application and recycling of precious metals. Johnson Matthey has operations in over 30 countries and employs around 13,000 people. Its products and services are sold across the world to a wide range of advanced technology industries.
About Nemaska Lithium
Nemaska Lithium intends to become a lithium hydroxide and lithium carbonate supplier to the emerging lithium battery market that is largely driven by electric vehicles, cell phones, tablets and other consumer products. The Corporation is developing in Quebec one of the most important spodumene lithium hard rock deposit in the world, both in volume and grade. The spodumene concentrate produced at Nemaska Lithium's Whabouchi mine will be shipped to the Corporation's lithium compounds processing plant to be built in Shawinigan, Quebec. This plant will transform spodumene concentrate into high purity lithium hydroxide and carbonate using the proprietary methods developed by the Corporation, and for which the Corporation holds four granted patents and several patent applications that are pending in different countries, covering different aspects and improvements of its proprietary technology for preparing high purity lithium hydroxide and carbonate.
All statements, other than statements of historical fact, contained in this press release including, but not limited to, (i) the continued collaboration and on-going supplier relationship with Johnson Matthey and (ii) generally, the above "About Nemaska Lithium" paragraph which essentially describe 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. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are provided for the purpose of providing information about management's expectations and plans relating to the future. 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
http://www.nemaskalithium.com/en/investors/press-releases/2017/5779772f-da9e-4aed-9414-dc83cf3ab53a/
Commodities should turn with dollar... Soon, by September!
Nemaska Lithium Inc. ("Nemaska Lithium" or the "Corporation") (TSX:NMX)(OTCQX:NMKEF) and Johnson Matthey Plc (LSE:JMAT) (www.matthey.com) announced today that a second shipment of 3.5t of lithium hydroxide has been sent to Johnson Matthey. Both Johnson Matthey and Nemaska Lithium confirm that this shipment meets Johnson Matthey's lithium hydroxide specifications.
"We are very pleased to have delivered a high quality lithium hydroxide product that meets the stringent specifications of Johnson Matthey, a large and globally recognized cathode manufacturer for lithium-ion batteries," commented Guy Bourassa, President and CEO of Nemaska Lithium. "The Phase 1 Plant installation and commissioning has gone very well as evidenced by this delivery of product. We look forward to sending other customers lithium salts this summer for evaluation."
In addition, Nemaska Lithium wishes to provide an update on the Phase 1 Plant Operations.
Phase 1 Plant Commissioning Update
Below are the steps that have been completed to date as well as upcoming steps:
Step 1 - Pressure Testing and Electrical Systems Start-up - Completed
Step 2 - Membrane Electrolysis Start-Up - Completed
Step 3 - Hydromet Start-Up - Completed
Step 4 - Lithium Hydroxide Samples sent to Johnson Matthey - Completed
Step 5 - Crystallization - Completed
The crystallization section of the Phase 1 Plant has been installed and is processing lithium hydroxide solution into lithium hydroxide salts which are meeting customer specifications.
Step 6 - Lithium Hydroxide from Whabouchi Concentrate - Underway
As previously reported, Nemaska Lithium is producing greater than 6% Li2O spodumene concentrate from a mine representative bulk sample taken from the eastern section of the proposed open pit at the Whabouchi Mine (press releases of April 4 and May 3, 2017). This concentrate will be converted into lithium sulfate and further processed into lithium hydroxide or lithium carbonate salts.
Installation of the calcination system and the acid baking process is scheduled to be complete by the end of June 2017. These systems will be commissioned starting in July and Nemaska Lithium expects to be producing battery grade lithium hydroxide samples from concentrate thereafter. These samples will then be sent to numerous potential customers globally for evaluation and qualification.
A simplified flow sheet highlighting the sections of the Phase 1 Plant which should be fully commissioned and in production this summer 2017 is available at the following address: http://www.marketwire.com/library/20170620-Step6_lrg.jpg
Join Jean-François Magnan, Technical Manager and Nicolas Laroche, Electrochemical Process Optimization Engineer, for an explanation on Nemaska Lithium's innovative process. Click here for video: https://vimeo.com/212808490/2d7e938bf8
About Johnson Matthey
Johnson Matthey is a global speciality chemicals company underpinned by science, technology and its people. A leader in sustainable technologies, many of the group's products enhance the quality of life of millions through their beneficial impact on the environment, human health and wellbeing. The group focuses on clean air, clean energy and low carbon technologies and is an expert in the application and recycling of precious metals. Johnson Matthey has operations in over 30 countries and employs around 13,000 people. Its products and services are sold across the world to a wide range of advanced technology industries.
About Nemaska Lithium
Nemaska Lithium intends to become a lithium hydroxide and lithium carbonate supplier to the emerging lithium battery market that is largely driven by electric vehicles, cell phones, tablets and other consumer products. The Corporation is developing in Quebec one of the most important spodumene lithium hard rock deposit in the world, both in volume and grade. The spodumene concentrate produced at Nemaska Lithium's Whabouchi mine will be shipped to the Corporation's lithium compounds processing plant to be built in Shawinigan, Quebec. This plant will transform spodumene concentrate into high purity lithium hydroxide and carbonate using the proprietary methods developed by the Corporation, and for which the Corporation holds four granted patents and several patent applications that are pending in different countries, covering different aspects and improvements of its proprietary technology for preparing high purity lithium hydroxide and carbonate.
All statements, other than statements of historical fact, contained in this press release including, but not limited to, (i) the sending of lithium salts to other customers for evaluation this summer, (ii) the conversion of spodumene concentrate into lithium sulfate and its further processing into lithium hydroxide or lithium carbonate salts, (iii) the installation and commissioning of the calcination system and the acid baking process by the end of June 2017, (iv) the Corporation expecting to produce battery grade lithium hydroxide samples from concentrate by the beginning of July 2017, (v) the sending of lithium hydroxide samples to numerous potential customers globally for evaluation and qualification, (vi) the Phase 1 Plant to be fully commissioned and in production this summer 2017, (vii) all forward-looking statements made in the above-mentioned video (https://vimeo.com/212808490/2d7e938bf8), and (viii) generally, the above "About Nemaska Lithium" paragraph which essentially describe 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. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are provided for the purpose of providing information about management's expectations and plans relating to the future. 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
To view the image associated with this press release, please visit the following link: http://www.marketwire.com/library/20170620-Step6_lrg.jpg
CAD$2,000,000 Early Payment/Johnson Matthey Battery Approves Lithium Hydroxide!
QUÉBEC CITY, QUÉBEC--(Marketwired - May 5, 2017) - Nemaska Lithium Inc. and its wholly-owned subsidiaries (collectively, "Nemaska Lithium" or the "Corporation") (TSX:NMX)(OTCQX:NMKEF) and Johnson Matthey Battery Materials Ltd ("JMBM") of Candiac, Québec, a wholly-owned subsidiary of Johnson Matthey Plc (LSE:JMAT) (www.matthey.com) announced today that JMBM has made an early payment of CAD$2,000,000 (of the final CAD$3,000,000 milestone payment) following receipt of the first shipment of lithium hydroxide (see press releases of May 11, 2016 and April 17, 2017). The final CAD$1,000,000 will be paid by JMBM once Nemaska Lithium delivers a second shipment of lithium hydroxide that meets JMBM's final criteria. Nemaska Lithium expects to send the final samples once the lithium hydroxide solution is processed through the crystallizer, which has been received at the Phase 1 Plant and is being commissioned.
"JMBM's encouraging reaction to this first shipment of lithium hydroxide is a clear stamp of approval from a leading cathode material manufacturer for the lithium ion-battery market," said Guy Bourassa, President and CEO of Nemaska Lithium. "I am very pleased with the quality of the lithium hydroxide produced to date given the stage of plant commissioning. The crystallizer technology has been used in the lithium sector for years and no issues are anticipated with this equipment."
Neil Collins, Managing Director of Johnson Matthey Battery Materials commented "We are pleased with the lithium hydroxide solution that we have received to date from Nemaska Lithium. On this basis, we are comfortable to release CAD$2,000,000 of our final milestone payment for the Phase 1 Plant project. As we have said in the past, securing the long-term supply of lithium salts is an important part of our strategy as we continue to grow our Battery Materials business and Nemaska Lithium is a key supplier in that strategy."
Bourassa continued, "Qualifying our products with customers has always been the purpose of the Phase 1 Plant and today we have started to achieve this objective. JMBM has been an excellent partner and customer and I look forward to a long and mutually beneficial relationship with them as we enter the lithium supply chain as a credible and reliable supplier of lithium salts."
About Johnson Matthey
Johnson Matthey is a global speciality chemicals company underpinned by science, technology and its people. A leader in sustainable technologies, many of the group's products enhance the quality of life of millions through their beneficial impact on the environment, human health and wellbeing. The group focuses on clean air, clean energy and low carbon technologies and is an expert in the application and recycling of precious metals. Johnson Matthey has operations in over 30 countries and employs around 13,000 people. Its products and services are sold across the world to a wide range of advanced technology industries.
About Nemaska Lithium
Nemaska Lithium intends to become a lithium hydroxide and lithium carbonate supplier to the emerging lithium battery market that is largely driven by electric vehicles, cell phones, tablets and other consumer products. The Corporation is developing in Quebec one of the most important spodumene lithium hard rock deposit in the world, both in volume and grade. The spodumene concentrate produced at Nemaska Lithium's Whabouchi mine will be shipped to the Corporation's lithium compounds processing plant to be built in Shawinigan, Quebec. This plant will transform spodumene concentrate into high purity lithium hydroxide and carbonate using the proprietary methods developed by the Corporation, and for which the Corporation holds four granted patents and several patent applications that are pending in different countries, covering different aspects and improvements of its proprietary technology for preparing high purity lithium hydroxide and carbonate.
All statements, other than statements of historical fact, contained in this press release including, but not limited to, (i) the delivery to JMBM by the Corporation of a second shipment of lithium hydroxide monohydrate that meets JMBM's criteria and the resulting final payment of CDN$1,000,000, (ii) the Corporation sending final samples once the lithium hydroxide solution is processed through the crystallizer, in respect of which the Corporation expects no issues, (iii) the Corporation being a key supplier within JMBM's supply of lithium salts strategy, (iv) the continuous qualifying of the Corporation's products with customers, (v) the Corporation's expected long and mutually beneficial relationship with JMBM, (vi) the Corporation's entry in the lithium supply chain as a credible and reliable supplier of lithium salts, and (vii) generally, the above "About Nemaska Lithium" paragraph which essentially describe 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, including the fact that there is no certainty that Nemaska Lithium will develop a long-term relationship with JMBM and will become a credible and reliable supplier of lithium salts, 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 forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are provided for the purpose of providing information about management's expectations and plans relating to the future. 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, including on risks that may affect forward-looking statements, is available in the SEDAR database (www.sedar.com) and on the Corporation's website at: www.nemaskalithium.com
Whabouchi Mine Site and Phase-1 Plant Commissioning Update!
QUÉBEC CITY, QUÉBEC--(Marketwired - May 3, 2017) -
Editors Note: There are two images associated with this press release.
Nemaska Lithium Inc. ("Nemaska Lithium" or the "Corporation") (TSX:NMX)(OTCQX:NMKEF), is pleased to provide the following update on its activities.
Corporate Update
Nemaska Lithium, via its wholly-owned subsidiary Nemaska Lithium Shawinigan Transformation Inc., confirms that it received a lump sum payment, from FMC Corporation, of US$10,000,000 on April 3, 2017, in accordance with the Amended Supply Agreement announced on March 22, 2017.
Whabouchi Mine Site Update
Concentrate Production
Nemaska Lithium continues to produce 6%+ Li2O spodumene concentrate, using a Dense Media Separation (DMS) Modular Mill at the Whabouchi mine site.
Since March 8, 2017 and up to April 26, 2017, approximately 2,300 tonnes of ore were processed through the DMS plant with an average head grade of over 1.7% Li2O. For testing purposes, two composite concentrate samples were taken daily over a 12-hour shift. To create each composite sample, a total of 6 sections were taken hourly and homogenized together, from which 1 kg of material was sent to an external laboratory for testing.
The assay results received up to April 24, 2017 returned an average grade of 6.1% Li2O for the dense media concentrate. The fines (more finely crushed ore that is not suitable for DMS processing), had an average grade of 1.3% Li2O. All the fines have been shipped to SGS Lakefield for concentrate production via flotation circuit. The results of the concentrate production from flotation are expected in July, 2017.
Building Construction
Building construction continues at the Whabouchi Mine with the latest installation of the administrative offices planned during the month of May 2017 with targeted completion in June 2017. This building is in addition to the commercial concentrator building that was built in 2016. The maintenance garage is scheduled for construction later this year and is the last of the major mine buildings to be built.
Phase 1 Plant Commissioning
Below are the steps that have been completed to date as well as upcoming steps:
Step 1 - Pressure Testing and Electrical Systems Start-up - Completed
Step 2 - Membrane Electrolysis Start-Up - Completed
Step 3 - Hydromet Start-Up - Completed
Step 4 - Lithium Hydroxide Samples sent to a client - Ongoing
Step 5 - Crystallization - Ongoing
The crystalliser construction and installation is completed and wet commissioning has commenced. Nemaska Lithium expects to start processing lithium hydroxide solution in early May and is targeting to send a second shipment of lithium hydroxide to a client by June 2017.
Below is a simplified flow sheet highlighting the sections of the Phase 1 Plant commissioned in Step 5.
http://www.marketwire.com/library/20170503-1093528e_5800.jpg
Step 6 - Lithium Hydroxide from Whabouchi Concentrate - On Target
The Corporation is on target to complete construction of the Phase 1 Plant by June 2017 and intends to start processing spodumene concentrate from the Whabouchi Mine into lithium hydroxide samples in July 2017 following the commissioning of the calcination and roasting sections of the process. These lithium hydroxide samples will be sent to numerous potential customers globally.
Below is a simplified flow sheet highlighting the sections of the Phase 1 Plant commissioned in Step 6.
http://www.marketwire.com/library/20170503-1093528e_6800.jpg
About Nemaska Lithium
Nemaska Lithium intends to become a vertically integrated lithium hydroxide and lithium carbonate supplier to the emerging lithium battery market that is largely driven by electric vehicles, cell phones, tablets and other consumer products. The Corporation is developing in Quebec one of the most important spodumene lithium hard rock deposit in the world, both in volume and grade. The spodumene concentrate produced at Nemaska Lithium's Whabouchi mine will be shipped to the Corporation's lithium compounds processing plant to be built in Shawinigan, Quebec. This plant will transform spodumene concentrate into high purity lithium hydroxide and carbonate using the proprietary methods developed by the Corporation, and for which the Corporation holds four granted patents and several patent applications that are pending in different countries, covering different aspects and improvements of its proprietary technology for preparing high purity lithium hydroxide and carbonate.
All statements, other than statements of historical fact, contained in this press release including, but not limited to, (i) the construction of the Whabouchi Mine administrative offices to be completed in June 2017 and that of the maintenance garage later in 2017, (ii) the processing of the lithium hydroxide solution to start in early May with the sending of a second shipment of lithium hydroxide to a client by June 2017, (iii) the construction of the Phase 1 Plant by June 2017, (iv) the processing of spodumene concentrate from Whabouchi Mine into lithium hydroxide samples to start in July 2017, such samples to be sent to numerous potential customers globally, and (v) generally, the above "About Nemaska Lithium" paragraph which essentially describe 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. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are provided for the purpose of providing information about management's expectations and plans relating to the future. 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
To view the images associated with this press release, please visit the following links:
http://www.marketwire.com/library/20170503-1093528e_5800.jpg
http://www.marketwire.com/library/20170503-1093528e_6800.jpg
Nemaska Lithium to receive $10,000,000 from FMC Corporation
QUÉBEC CITY, QUÉBEC--(Marketwired - March 22, 2017) - Nemaska Lithium Inc. (TSX:NMX)(OTCQX:NMKEF), via its wholly owned subsidiary Nemaska Lithium Shawinigan Transformation Inc. (collectively "Nemaska Lithium" or the "Corporation"), announces that FMC Corporation ("FMC") will pay a lump sum of US$10,000,000 to Nemaska Lithium (the Payment) by April 7, 2017, in accordance with the Supply Agreement announced on October 31, 2016, and has agreed to amend the Supply Agreement to extend the timeline for the supply of product thereunder.
Under the Supply Agreement, as amended, Nemaska Lithium will begin to supply FMC with lithium carbonate no later than April 1, 2019. Nemaska Lithium will also provide lithium carbonate samples from its Phase 1 Plant to FMC for qualification in 2017.
The Payment will be secured by a first rank hypothec (lien) on the Corporation's lithium carbonate and hydroxide inventory and the proceeds thereof. If Nemaska Lithium does not fulfill its delivery obligation under the Supply Agreement, as amended, it shall repay FMC the Payment plus a penalty calculated as per that agreement.
"The Payment and the supply period extension show that FMC, a major credible lithium producer, has continued confidence in our project and business relationship. The lithium market needs new producers, such as Nemaska Lithium, to come on stream over the next few years to keep up with the ever growing demand from the lithium ion battery market. Nemaska Lithium is committed to meeting the needs of its customers and we are on track to commence the commissioning of the Shawinigan Hydromet Plant during the second half of 2018, with production from the Whabouchi Mine commencing in the first half of 2018," commented Guy Bourassa, President and CEO of Nemaska Lithium.
About FMC
For more than a century, FMC Corporation has served the global agricultural, industrial and consumer markets with innovative solutions, applications and quality products. Revenue totaled approximately $3.3 billion in 2016. FMC employs approximately 6,000 people throughout the world and operates its businesses in three segments: FMC Agricultural Solutions, FMC Health and Nutrition and FMC Lithium. For more information, visit www.FMC.com.
About Nemaska Lithium
Nemaska Lithium intends to become a vertically integrated lithium hydroxide and lithium carbonate supplier to the emerging lithium battery market that is largely driven by electric vehicles, cell phones, tablets and other consumer products. The Corporation is developing in Quebec one of the most important spodumene lithium hard rock deposit in the world, both in volume and grade. The spodumene concentrate produced at Nemaska Lithium's Whabouchi mine will be shipped to the Corporation's lithium compounds processing plant to be built in Shawinigan, Quebec. This plant will transform spodumene concentrate into high purity lithium hydroxide and carbonate using the proprietary methods developed by the Corporation, and for which the Corporation holds four granted patents and several patent applications that are pending in different countries, covering different aspects and improvements of its proprietary technology for preparing high purity lithium hydroxide and carbonate.
All statements, other than statements of historical fact, contained in this press release including, but not limited to, (i) the Corporation to start providing FMC with lithium carbonate by April 1, 2019 at the latest, (ii) the Corporation's aim to commence commissioning the Shawinigan Hydromet Plant during the second half of 2018 (with production from the Whabouchi Mine commencing in the first half of 2018), (iii) the Corporation to meet the needs of its customers, (iv) FMC receiving lithium samples from the Corporation's Phase 1 Plant in 2017, (v) the ever growing demand from the lithium ion battery market, and (vi) generally, the above "About Nemaska Lithium" paragraph which essentially describe 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. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are provided for the purpose of providing information about management's expectations and plans relating to the future. 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.
Initial production of Spodumene Concentrate from Whabouchi Mine
QUÉBEC CITY, QUÉBEC--(Marketwired - March 14, 2017) -
Editors Note: There are two photos associated with this press release
Nemaska Lithium Inc. ("Nemaska Lithium" or the "Corporation") (TSX:NMX)(OTCQX:NMKEF) announced today the results of its initial production of spodumene concentrate from the Whabouchi Mine, using a mine representative bulk sample. The plant is running continuously at half its capacity, 12 hours per day since March 7, 2017. Operation is steadily ramping up and should reach a throughput of around 150 tpd.
Recent results from concentrate composite samples, produced on a 6-hour basis, yielded the following results:
March 7 (AM) - 2.89% Li = 6.22% Li2O
March 8 (AM) - 3.05% Li = 6.56% Li2O
March 8 (PM) - 3.09% Li = 6.65% Li2O
"Generally speaking, the hard rock lithium industry requires a 6% concentrate or higher to efficiently produce battery grade lithium salts," said Guy Bourassa, President and CEO of Nemaska Lithium. "We have seen other hard rock producers struggle to achieve this quality concentrate, making it more technically challenging and costly to produce battery grade lithium salts. With this concentrate production we have met another important milestone as we continue to de-risk our project."
It is expected that Nemaska Lithium will process sufficient raw ore minerals in the DMS plant to provide 650 tons of spodumene concentrate with a view to producing lithium hydroxide samples in the Phase 1 Plant in Shawinigan, for qualification by potential customers.
"The operations team at Whabouchi is working diligently to ramp up the DMS mill to full run rate over the next few weeks per our schedule," said Francois Godin, Vice President Operations. "We have been working closely with DMS experts from around the world to ensure the plant start-up is smooth and high quality concentrate is produced. We've learned a tremendous amount that will be directly applicable to the start-up of the commercial concentrator. I look forward to updating you further as we log more hours on the DMS mill."
The technical parts of this press release were prepared by Caroline Boudrias-Chapleau, Ing., M.Sc., Process Engineer - Mineral Processing of the Corporation, qualified person under Regulation NI 43-101.
About Nemaska Lithium
Nemaska Lithium intends to become a vertically integrated lithium hydroxide and lithium carbonate supplier to the emerging lithium battery market that is largely driven by electric vehicles, cell phones, tablets and other consumer products. The Corporation is developing in Quebec one of the most important spodumene lithium hard rock deposit in the world, both in volume and grade. The spodumene concentrate produced at Nemaska Lithium's Whabouchi mine will be shipped to the Corporation's lithium compounds processing plant to be built in Shawinigan, Quebec. This plant will transform spodumene concentrate into high purity lithium hydroxide and carbonate using the proprietary methods developed by the Corporation, and for which the Corporation holds four granted patents and several patent applications that are pending in different countries, covering different aspects and improvements of its proprietary technology for preparing high purity lithium hydroxide and carbonate.
All statements, other than statements of historical fact, contained in this press release including, but not limited to, (i) the plant's ramping up to a throughput of around 150 tpd, (ii) the continued de-risking of the Corporation's project, (iii) the production of about 650 tonnes of concentrate, (iv) the processing of Whabouchi concentrate in the Phase 1 Plant to generate qualification samples, (v) the DMS ramp-up to full run scale on schedule, (vi) the application of the DMS learnings to the commercial concentrator, and (vii) generally, the above « About Nemaska Lithium" paragraph which essentially describe 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. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are provided for the purpose of providing information about management's expectations and plans relating to the future. 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
To view the photos associated with this press release, please visit the following links:
http://www.marketwire.com/library/20170314-1088711_1.jpg
http://www.marketwire.com/library/20170314-1088711_2.jpg
14 March 2017
Nemaska Lithium Produces up to 6.65% Li2O Concentrate from DMS Modular Mill at Whabouchi
13 February 2017
Nemaska Lithium Achieves Phase 1 Plant Milestone and Triggers $3M Installment Payment from Johnson Matthey Battery Materials
08 February 2017
Nemaska Lithium Successfully Commissions the Electrolysis Cell at its Phase 1 Plant
02 February 2017
Nemaska Lithium Named to 2017 OTCQX Best 50 - Ranks No. 9
17 January 2017
Nemaska Lithium Pursues Drilling to Further Define the Doris Zone
http://www.nemaskalithium.com/en/investors/press-releases/2017/021b0819-6067-4888-995a-098ce91e6acf/
Phase 1 Plant Milestone/$3M from Johnson Matthey Battery
QUEBEC CITY, QUEBEC--(Marketwired - Feb. 13, 2017) - Nemaska Lithium Inc. ("Nemaska Lithium" or the "Corporation")
(TSX:NMX)(OTCQX:NMKEF) announced today that it has received a $3M installment payment from Johnson Matthey Battery Materials Ltd ("JMBM") of Candiac, Québec, a wholly owned subsidiary of Johnson Matthey Plc (LSE:JMAT) (www.matthey.com). The installment payment was made after JMBM's review and acceptance of the Operation Manuals for the Phase 1 Plant and receipt by Nemaska Lithium of the certificate of authorization to operate the Phase 1 Plant. The existing agreement between JMBM and Nemaska Lithium, announced on May 11, 2016, provides for an aggregate $12M advance payment for goods and services. The final $3M milestone installment will be payable by JMBM following receipt of battery grade lithium hydroxide from Nemaska Lithium.
Commenting, Neil Collins, Managing Director of Johnson Matthey's global Battery Materials business said: "We continue to closely monitor the construction and commissioning of the Phase 1 Plant through our active participation on the Steering Committee and are looking forward to receiving the first samples."
"We are making excellent progress on our Phase 1 Plant installation and commissioning," said Guy Bourassa, President and CEO of Nemaska Lithium. "I am excited to start delivering product to JMBM and establishing a long term supplier relationship with this important cathode material producer." Bourassa continued, "The market for lithium salts is very tight and will continue to be so for the coming years, as 14 megafactories come on line around the world between now and 2020. We are well timed with new supply to meet this growing demand."
About Johnson Matthey
Johnson Matthey is a global speciality chemicals company underpinned by science, technology and its people. A leader in sustainable technologies, many of the group's products enhance the quality of life of millions through their beneficial impact on the environment, human health and wellbeing. The group focuses on clean air, clean energy and low carbon technologies and is an expert in the application and recycling of precious metals. Johnson Matthey has operations in over 30 countries and employs around 13,000 people. Its products and services are sold across the world to a wide range of advanced technology industries.
About Nemaska Lithium
Nemaska Lithium intends to become a lithium hydroxide and lithium carbonate supplier to the emerging lithium battery market that is largely driven by electric vehicles, cell phones, tablets and other consumer products. The Corporation is developing in Quebec one of the most important spodumene lithium hard rock deposit in the world, both in volume and grade. The spodumene concentrate produced at Nemaska Lithium's Whabouchi mine will be shipped to the Corporation's lithium compounds processing plant to be built in Shawinigan, Quebec. This plant will transform spodumene concentrate into high purity lithium hydroxide and carbonate using the proprietary methods developed by the Corporation, and for which the Corporation holds four granted patents and several patent applications that are pending in different countries, covering different aspects and improvements of its proprietary technology for preparing high purity lithium hydroxide and carbonate.
All statements, other than statements of historical fact, contained in this press release including, but not limited to, (i) the delivery by the Corporation of battery grade lithium hydroxide samples to JMBM and ensuing payment of a final $3M milestone installment, (ii) the commencement of deliveries of battery grade lithium hydroxide to JMBM and establishing of a long term supplier relationship between the Corporation and JMBM, and (iii) the market's tightness and growing demand for lithium salts in the coming years, and the Corporation's timing to come on line to meet such demand, 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. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are provided for the purpose of providing information about management's expectations and plans relating to the future. 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.
Contact Information
Mr. Victor Cantore
Investor Relations
514 831-3809
victor.cantore@nemaskalithium.com
Ms. Wanda Cutler
Investor Relations
416 303-6460
wanda.cutler@nemaskalithium.com
www.nemaskalithium.com
Nemaska Lithium Commissions Electrolysis Cell at Phase-1 Plant
QUÉBEC CITY, QUÉBEC--(Marketwired - Feb. 8, 2017) - Nemaska Lithium Inc. ("Nemaska Lithium" or the "Corporation") (TSX:NMX)(OTCQX:NMKEF) announced today that it has successfully commissioned the electrolysis cell of its Phase 1 plant in Shawinigan. Nemaska Lithium continues to make significant progress on construction and commissioning of the Phase 1 Plant. Below are the steps that have been completed to date as well as upcoming steps:
Step 1 - Pressure Testing and Electrical Systems Start-up
The auxiliary systems, piping, holding tanks, etc. have all been pressure-tested using compressed air and water. Systems have performed as expected. Electrical systems have been commissioned.
Step 2 - Membrane Electrolysis Start-Up
The Corporation has begun feeding the electrolysis cell with synthetic lithium sulphate in a closed loop system. The electrolysis cell is successfully converting lithium sulfate solution into lithium hydroxide solution on a continuous basis.
Step 3 - Phase 1 Plant Ramp-up
The next step is to produce lithium hydroxide from lithium sulphate solution provided by a client. This will test the impurity removal systems and the electrolysis cells' handling of this material, as well as the crystallization process.
Step 4 - Lithium Hydroxide Samples to a customer
Initial samples of lithium hydroxide are expected to be sent to a customer in Q1 2017 for quality control purposes and evaluation.
Step 5 - Lithium Hydroxide from Whabouchi Concentrate
The Corporation intends to start processing spodumene concentrate from the Whabouchi Mine into lithium hydroxide samples in Q2 2017 after the commissioning of the calcination and roasting section of the process. These samples will be sent to numerous potential customers globally.
"The successful commissioning of the electrolysis cell clearly demonstrates the core patented technology that we developed to produce lithium hydroxide using commercial scale equipment," said Guy Bourassa, President and CEO of Nemaska Lithium. "We are using a synthetic lithium sulphate solution to begin the commissioning as we believe it is the best way to start the system. As we log hours on the electrolysis cell we will expand the commissioning to include the other sections of the Hydromet plant, including our patented impurity removals systems. This step will use commercial lithium sulphate solution and should demonstrate the system's ability to produce lithium hydroxide monohydrate from a less pristine material."
For an up-close look at the progress being made at the Whabouchi Lithium Mine and Shawinigan Phase 1 Plant, join Guy Bourassa, President and CEO, as he gives you a tour of the facilities under construction and discusses the Corporation's milestones for 2017. https://vimeo.com/202417527
About Nemaska Lithium
Nemaska Lithium intends to become a lithium hydroxide and lithium carbonate supplier to the emerging lithium battery market that is largely driven by electric vehicles, cell phones, tablets and other consumer products. The Corporation is developing in Quebec one of the most important spodumene lithium hard rock deposit in the world, both in volume and grade. The spodumene concentrate produced at Nemaska Lithium's Whabouchi mine will be shipped to the Corporation's lithium compounds processing plant to be built in Shawinigan, Quebec. This plant will transform spodumene concentrate into high purity lithium hydroxide and carbonate using the proprietary methods developed by the Corporation, and for which the Corporation holds four granted patents and several patent applications that are pending in different countries, covering different aspects and improvements of its proprietary technology for preparing high purity lithium hydroxide and carbonate.
All statements, other than statements of historical fact, contained in this press release including, but not limited to, (i) the production of lithium hydroxide from a lithium sulfate solution, (ii) the delivery of lithium hydroxide solution samples to a customer in Q1 2017, (iii) the start of processing spodumene concentrate from the Whabouchi Mine into lithium hydroxide samples in Q2 2017, (iv) the sending of samples to numerous customers globally, (v) the expansion of the commissioning to include other sections of the Hydromet plant, (vi) the demonstration of the system's ability to produce lithium hydroxide monohydrate from a less pristine material, and (vii) all forward-looking statements made in the above-mentioned video (https://vimeo.com/202417527), 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. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are provided for the purpose of providing information about management's expectations and plans relating to the future. 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
Contact Information
Nemaska Lithium Inc.
Mr. Victor Cantore
Investor Relations
514 831-3809
victor.cantore@nemaskalithium.com
Nemaska Lithium Inc.
Ms. Wanda Cutler
Investor Relations
416 303-6460
wanda.cutler@nemaskalithium.com
www.nemaskalithium.com
Australian Patent for Lithium Hydroxide and Carbonate Production
QUEBEC CITY, QUEBEC--(Marketwired - Jan. 11, 2017) - Nemaska Lithium Inc. ("Nemaska Lithium" or the "Corporation") (TSX:NMX)(OTCQX:NMKEF) is pleased to announce that it has obtained acceptance of its patent application no 2013270412 in Australia relating to its proprietary process of preparing lithium hydroxide and lithium carbonate using membrane electrolysis. Nemaska Lithium elected to have the examination of its Australian application accelerated under the Patent Prosecution Highway (PPH) system, on the basis of its existing US Patent no 9,382,126 issued on July 5, 2016. The Australian patent application was expedited because patents were already granted in Canada and the US covering the same intellectual property, thereby saving the Corporation time and money.
Jean-François Magnan, Technical Manager at Nemaska Lithium stated, "This Australian development is significant since this is our first patent granted in Australia. In our view, the Australian market is important as it is a major source of hard rock lithium concentrate production. This patent protects our low-cost electrolysis-based technique for producing lithium salts in that region. We remain vigilant in reviewing new technical approaches to producing lithium hydroxide and carbonate with a view to protecting our IP globally. We believe this patent will considerably strengthen our position in the fast-growing Australian market."
Management believes that Nemaska Lithium's patented processes will give the Corporation significant cost and product purity advantages over its peers globally (see Feasibility Study dated June 08, 2016).
http://www.marketwired.com/press-release/nemaska-lithium-receives-australian-patent-lithium-hydroxide-carbonate-production-tsx-nmx-2187633.htm
Nemaska Lithium Inc. ("Nemaska Lithium" or the "Corporation") (TSX:NMX)(OTCQX:NMKEF) is pleased to provide an update on the advancement of its Phase 1 Plant as well as the construction and site preparation of the Whabouchi Mine, both located in Quebec, Canada.
Phase 1 Plant
The Phase 1 Plant is on schedule and on budget. To date, 20 technical operators have been hired and training is underway on the operations of the Phase 1 Plant. These highly skilled technicians have educational backgrounds in mechanical, chemical and electrical disciplines as well as a range of technical work experience including chemical plant start-up.
Once in operation, Nemaska Lithium expects to run the Phase 1 Plant on a 24 hour/7 day a week schedule starting in Q1 2017 at a production rate of 435 tons per year lithium carbonate equivalent (LCE). The first shipment of lithium hydroxide produced from Johnson Matthey Battery Materials (JMBM) lithium sulphate is expected Q1 2017. Commercial sized representative samples of lithium hydroxide produced from Whabouchi Mine concentrate are expected to ship to JMBM and other customers in Q2 2017 for qualification purposes.
Whabouchi Mine Site
Bulk Sample and Modular DMS Mill
Construction of the dense media separation (DMS) modular mill designed to produce a 6% Li2O DMS concentrate is on schedule. Equipment installation is being finalized and commissioning will follow. Twelve DMS plant operators have been hired and training is commencing in December. Blasting of the 60,000t mine representative bulk sample has commenced and will be processed through the modular mill. In addition, Nemaska Lithium intends to produce a 6% Li2O concentrate using flotation circuit with a contractor located in the province of Quebec. Both concentrates will be shipped to Shawinigan where Nemaska Lithium intends to process them into battery grade lithium hydroxide and lithium carbonate for customer evaluation and qualification.
Whabouchi Mine Infrastructure Construction
Construction of the main mine building continues and is scheduled to be fully enclosed in the near future allowing for on-going construction of the facility throughout the 2016-2017 winter.
"We are advancing the project on all fronts and I am very pleased with our progress to date," commented Guy Bourassa, President and CEO of Nemaska Lithium. "We expect to be producing a 6% Li2O concentrate and processing it into battery grade lithium salts next year, which is approximately 18 months ahead of our planned commercial production. This will enable us to actively engage customers and demonstrate the quality of our products while we are still building our commercial facilities. As per our last Feasibility Study, we are projecting to be a low cost producer of lithium salts and we are on the cusp of demonstrating product quality and economics. I expect 2017 to be a year of meeting many milestones."
Feasibility Update and NI 43-101 Compliant Resource Estimate Update
Nemaska Lithium recently announced the results of its updated NI43-101 compliant resource estimate on the Whabouchi deposit (December 1, 2016 press release) which included the results from the recently completed drill campaign. This resource estimate saw the Measured and Indicated open pit resource increase to 36.620 Mt at an average grade of 1.48% Li2O. DRA Global/Met-Chem has been mandated to update the reserves of the Whabouchi mine in a new Feasibility Study due in January 2017.
About Nemaska Lithium
Nemaska Lithium intends to become a lithium hydroxide and lithium carbonate supplier to the emerging lithium battery market that is largely driven by electric vehicles, cell phones, tablets and other consumer products. The Corporation is developing in Quebec one of the most important spodumene lithium hard rock deposit in the world, both in volume and grade. The spodumene concentrate produced at Nemaska Lithium's Whabouchi mine will be shipped to the Corporation's lithium compounds processing plant to be built in Shawinigan, Quebec. This plant will transform spodumene concentrate into high purity lithium hydroxide and carbonate using the proprietary methods developed by the Corporation, and for which the Corporation holds three granted patents and several patent applications that are pending in different countries, covering different aspects and improvements of its proprietary technology for preparing high purity lithium hydroxide and carbonate.
All statements, other than statements of historical fact, contained in this press release including, but not limited to, (i) the start of Phase 1 Plant operations on a 24 hour/7 days a week schedule in Q1 2017, (ii) the shipments of lithium hydroxide samples in Q1 2017, (iii) the DMS commissioning in January 2017, (iv) the construction of the concentrator building by year end, (v) production of spodumene concentrate and its processing into battery grade lithium salts next year, (vi) the product quality demonstration in 2017 and (vii) the conversion of Mineral Resource as Proven and Probable Reserve, 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. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are provided for the purpose of providing information about management's expectations and plans relating to the future. 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
Nemaska Lithium Receives United States and Canadian Patents for its Lithium Hydroxide and Lithium Carbonate Processes
QUEBEC CITY, QUEBEC--(Marketwired - Nov. 29, 2016) - Nemaska Lithium Inc. ("Nemaska Lithium" or the "Corporation") (TSX:NMX)(OTCQX:NMKEF) is pleased to announce that it has obtained issuance of its first United States patent (US 9,382,126) that describes its proprietary process of preparing lithium hydroxide and lithium carbonate using membrane electrolysis. Nemaska Lithium first announced the notice of allowance for this US patent on June 1, 2016. Nemaska Lithium is also pleased to announce that it has obtained issuance of another Canadian patent, its second Canadian patent, CA 2,905,197. This patent specifically protects improvements of the electrolysis membrane process for preparing lithium hydroxide.
The electrolysis technology developed by Nemaska Lithium to convert lithium sulphate into lithium hydroxide and lithium carbonate, has been successfully lab-scale tested, demonstrated in pilot plant testing as well as at supplier facilities over the past four years. This technology has given Nemaska Lithium a clear competitive cost advantage over its peers (per the 2016 Updated Feasibility Study press released on April 4, 2016). The commercial scale technology, protected under these patents, will be utilized in the Company's Phase 1 Plant which is currently under construction and is on track to be commissioned in January 2017, with ramp up to full production (500t/yr Lithium Carbonate equivalent (LCE)) in Q1 and Q2 2017. Nemaska Lithium intends to build its larger commercial lithium Hydromet plant with a nameplate production rate of 28,000t/yr LCE in 2017 and 2018.
"We have put together an extensive patent portfolio that protects the Company's unique method of producing low-cost, high-purity, battery-grade lithium hydroxide and lithium carbonate," commented Jean-Francois Magnan, Technical Manager at Nemaska Lithium. "With close to 50% of our 2018 commercial lithium salts production already sold, we are very keen to start sending samples from the Phase 1 Plant beginning in early 2017."
Nemaska Lithium has developed proprietary environmentally friendly processes to produce a very high purity, low cost lithium hydroxide and lithium carbonate using membrane electrolysis technologies. The main benefits of these processes include:
low and predictable operating costs, C$2,693/t (*US$2,154/t) for lithium hydroxide monohydrate and C$3,441/t (*US$2,753/t) for lithium carbonate FOB Shawinigan per the feasibility study filed in May 2016;
virtually no need to use costly reagents such as soda ash, thus eliminating sodium sulfate by-product which has no market value and is environmentally harmful; and
significant reduction of green-house gas emissions (GHG).
These processes will enable Nemaska Lithium to have excellent control on cost and quality of its final lithium products, for the benefit of its customers.
*Cost Projections and Exchange Rate $1.00 CAD = $0.80 US - Per 2016 Updated Feasibility Study press released on April 4, 2016.
About Nemaska Lithium
Nemaska Lithium intends to become a lithium hydroxide and lithium carbonate supplier to the emerging lithium battery market that is largely driven by electric vehicles, cell phones, tablets and other consumer products. The Corporation is developing in Quebec one of the most important spodumene lithium hard rock deposit in the world, both in volume and grade. The spodumene concentrate produced at Nemaska Lithium's Whabouchi mine will be shipped to the Corporation's lithium compounds processing plant to be built in Shawinigan, Quebec. This plant will transform spodumene concentrate into high purity lithium hydroxide and carbonate using the proprietary methods developed by the Corporation, and for which patent applications have been filed.
All statements, other than statements of historical fact, contained in this press release including, but not limited to, any information as to (i) the low operating costs and the Corporation's competitive cost advantage over its peers, (ii) the commissioning of Phase 1 Plant in December 2016 and its ramping up to full production in Q1 and Q2 of 2017, and (iii) the envisaged GHG reduction, 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. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are provided for the purpose of providing information about management's expectations and plans relating to the future. 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
CONTACT INFORMATION:
Mr. Victor Cantore
Investor Relations
514 831-3809
victor.cantore@nemaskalithium.com
or
Mrs. Wanda Cutler
Investor Relations
416 303-6460
wanda.cutler@nemaskalithium.com
www.nemaskalithium.com
FMC Corporation Signs Long Term Lithium Carbonate Supply Agreement
QUEBEC CITY, QUEBEC--(Marketwired - Oct. 31, 2016) - Nemaska Lithium Inc., via its wholly owned subsidiary Nemaska Lithium Shawinigan Transformation Inc., (collectively "Nemaska Lithium" or the "Corporation") (TSX:NMX)(OTC:NMKEF) is pleased to announce that it has entered into an agreement with FMC Corporation ("FMC") pursuant to which Nemaska Lithium will provide FMC with 8,000t per year of lithium carbonate beginning in mid-2018 (the "Agreement"). This is the second multi-year supply agreement for Nemaska Lithium, the first being with Johnson Matthey Battery Materials.
"With the signing of this second multi-year agreement, we have total purchase commitments for close to 50% of the Corporation's total planned production starting in mid-2018," commented Guy Bourassa, President and CEO of Nemaska Lithium. "FMC is looking to diversify its supply sources of high quality lithium products and our proprietary process enables Nemaska Lithium to produce low cost lithium carbonate that meets FMC's quality specifications. Our customers, including FMC, will begin receiving lithium samples from our Phase 1 Plant in 2017."
Nemaska Lithium is building a commercial Hydromet lithium plant (the "Hydromet Plant") with a name plate production capacity of 28,000t of lithium carbonate equivalent (LCE). When constructed, the Hydromet Plant will produce battery grade lithium hydroxide and lithium carbonate.
Bourassa continued," Our production line is flexible and cost effective, allowing us to be opportunistic and address a broader lithium salts market by producing both battery grade lithium hydroxide and lithium carbonate. I believe in the long term the lithium battery market will continue to move toward lithium hydroxide chemistries and we are very well positioned in this space."
About FMC
For more than a century, FMC Corporation has served the global agricultural, industrial and consumer markets with innovative solutions, applications and quality products. FMC acquired Cheminova in April 2015. Revenue totaled approximately $3.3 billion in 2015. FMC employs approximately 6,000 people throughout the world and operates its businesses in three segments: FMC Agricultural Solutions, FMC Health and Nutrition and FMC Lithium. For more information, visit www.FMC.com.
About Nemaska Lithium
Nemaska Lithium intends to become a lithium hydroxide and lithium carbonate supplier to the emerging lithium battery market. The Corporation is developing in Québec one of the most important spodumene lithium hard rock deposits in the world, both in terms of volume and grade. The spodumene concentrate produced at Nemaska Lithium's Whabouchi mine will be shipped to the Corporation's lithium compounds processing plant to be built in Shawinigan, Québec. This plant will transform the spodumene concentrate into high purity lithium hydroxide and carbonate using the proprietary methods developed by the Corporation, and for which patent applications have been filed.
All statements, other than statements of historical fact, contained in this press release including, but not limited to, any information as to the planned production and its expected commencement in mid-2018, 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. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are provided for the purpose of providing information about management's expectations and plans relating to the future. 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.
www.nemaskalithium.com
Got in today.
Looks like a nice breakout happening here on the chart based on news and activity in the Whabouchi area.
Lots going on here...
This stock is having a good run since July '15. This could be the next leg up.
Looking for genuine discussion here to learn more.
Thanks,
Jag
I've been watching this but I've been asleep at the wheel...actually I didn't have any money freed up to play.
This stock is moving really good on news and has recently had quite a breakout.
Looking for a pullback to get in but it's not pulling back!
Looking a little overbought right at the moment and 6 up days in a row...good volume too!
Looking for the next drop back to the 10 SMA...
Jag
QUEBEC CITY, QUEBEC--(Marketwired - Sept. 6, 2016) - Nemaska Lithium Inc. ("Nemaska Lithium" or the "Corporation") (TSX:NMX)(OTCQX:NMKEF) is pleased to provide an update on the previously announced definition drilling campaign for its Whabouchi lithium project. The drill program was expanded from 44 drill holes over 13,700 m to 50 holes over 17,000 m after the company encountered a new lithium bearing zone in the southwestern end of the planned pit area (Figure1). The initial discovery was made on holes WHA-16-190; that intersected a new mineralized zone over 29.1m along core at 150 m vertical depth, WHA-16-184 over 81.7 m along core at 245 m vertical and WHA-16-189 over 44.8 m at 500 m vertical on the same section (3+50). Five (5) holes to confirm the lateral extensions of this new lithium zone up to 100m East and West of section 03+50 along strike are currently being drilled and are expected to be completed in early September 2016.
Currently a total of twelve (12) holes have intercepted the new mineralized zone, named Doris, and have reported the following intersections:
Section Hole Name From (m) To (m) Core length (m) True width* (m)
01+75 WHA-16-145 15.03 43.8 28.8 14.4
01+75 WHA-16-169 126.35 152.6 26.3 13.1
02+00 WHA-16-146 53.9 140.8 87.0 43.5
02+00 WHA-16-170 171.7 188.62 16.9 8.5
02+50 WHA-16-148 66.62 105.88 39.3 19.6
02+75 WHA-16-149 62.52 79.2 16.7 8.3
02+75 WHA-16-149 81.27 102.03 20.8 10.4
03+25 WHA-16-175 80.95 116 35.1 17.5
03+50 WHA-16-184 299.3 381.0 81.7 40.9
03+50 WHA-16-190 185.29 214.38 29.1 14.5
04+00 WHA-16-151 91.3 107.1 15.8 7.9
04+25 WHA-16-152 48.88 69 20.1 10.1
05+00 WHA-16-153 22.82 34.63 11.8 5.9
* True width estimated for drill holes with a dip of 50° and a general dip of 75° to the NW for the mineralized structure
Additional details of this new lithium zone will be released as the Corporation receives assay results.
"Drilling has gone even better than expected and I am obviously very pleased with this new lithium discovery" commented Guy Bourassa, President and CEO of Nemaska Lithium. "What we know now is that the new zone is quite a thick dyke and we are seeing true widths similar to the main zone at Whabouchi. I am excited to see what impact this new discovery will have on our world class Whabouchi lithium project," commented Guy Bourassa, President and CEO of Nemaska Lithium.
The feasibility study titled: NI 43-101 Technical Report Feasibility Study Update on the Whabouchi Lithium Deposit and Hydromet Plant (Revised), dated as of April 4th, 2016, covers mineral resources totalling 27.9 Mt with an average grade of 1.57% Li2O in the measured and indicated categories and 4.69 Mt with an average grade of 1.51% Li2O of inferred resources in an optimized pit with a 0.43% Li2O cut-off grade.
The three main objectives of the drilling campaign are to: 1) potentially convert the 4.69 Mt of inferred resources, inside the pit design, to indicated resources; 2) increase the level of confidence of mineral resources between 0 m and 200 m vertical from the surface and 3) confirm the continuity of the longitudinal zone of mineral resources down to 500 m vertical depth, below surface. So far, given the mineralized pegmatite interval an available assay results (table below):
The infill drilling program Nemaska Lithium generally encountered mineralization where expected, further increasing the confidence in the existing block model which has fundamentally held intact since its initial inception.
Drilling confirmed that the known dykes are mineralized and present down to at least the 200 m level.
Mineralization has been confirmed in some of the drill holes down to the 500 m level, around the existing extension. Assay results are expected around the end of September.
Assays for the following holes have been received up to now and are presented as weighted average interval of the pegmatite dykes intercepts:
Section Hole Name From (m) To (m) Core length
(m) True width* (m) LiO2(%)
10+75 WHA-16-159 28.9 45.0 16.1 11.4 0.97
10+75 WHA-16-159 106.4 115.3 8.8 6.2 1.91
10+75 WHA-16-159 158.8 169.1 10.3 7.3 1.28
11+50 WHA-16-160 13.5 18.3 4.8 3.4 1.84
11+50 WHA-16-160 188.0 191.0 3.0 2.1 2.46
11+50 WHA-16-160 240.5 245.9 5.4 3.8 1.29
11+50 WHA-16-160 248.9 254.9 6.0 4.3 1.09
12+50 WHA-16-162 26.0 29.0 3.0 2.1 1.43
12+50 WHA-16-162 81.6 89.5 7.9 5.6 0.89
12+50 WHA-16-162 158.5 163.8 5.3 3.8 1.68
12+50 WHA-16-162 171.7 184.5 12.9 9.1 1.64
12+75 WHA-16-163 1.1 12.1 11.0 7.8 1.59
12+75 WHA-16-163 54.8 66.0 11.2 7.9 1.69
13+00 WHA-16-178 34.8 41.4 6.6 4.7 2.00
13+00 WHA-16-178 34.8 41.4 6.6 4.7 2.00
13+00 WHA-16-178 126.9 137.2 10.3 7.3 1.92
13+00 WHA-16-178 151.0 163.2 12.2 8.6 1.61
13+00 WHA-16-178 229.3 238.1 8.8 6.2 1.40
14+00 WHA-16-165 2.6 17.9 15.2 10.8 1.43
14+00 WHA-16-165 98.3 102.8 4.5 3.2 1.02
14+00 WHA-16-179 18.9 24.0 5.1 3.6 1.69
* True width estimated for drill holes with a dip of 50° and a general dip of 85° to the SE for the mineralized structure
"The assays that we have received from the 0m to 200m level are very good with grades that are consistent with the overall deposit, which is globally recognised as one of the richest lithium hard rock deposits in the world. I am very pleased by how well our block model continues to hold up as we define the deposit in greater detail. We consistently hit our dykes where expected and this combined with our initial assay results only bodes well for increasing our resource estimate followed by reserve estimate," Bourassa continued.
The drilling campaign is planned and supervised by Jean-Philippe Paiement, M.Sc. P. Geo, at SGS Canada Inc. Samples are prepared by the SGS Canada Inc. laboratory in Quebec City and are analyzed by the SGS Canada Inc. accredited laboratory in Lakefield.
A QAQC program involving blank samples (3% of the sampling stream), standard samples (3% of the sampling stream) and field duplicates (3% of the sampling stream) has been established during sampling. 10% of the mineralized samples will also be sent to ALS for pulp duplicates once the campaign is over. The work is carried out in accordance with CIM's mining exploration guidelines.
The technical parts of this press release were prepared by Jean-Philippe Paiement, M.Sc. P. Geo, at SGS Canada Inc., qualified person under Regulation NI 43-101.
About Nemaska Lithium
Nemaska Lithium intends to become a lithium hydroxide and lithium carbonate supplier to the emerging lithium battery market that is largely driven by electric vehicles, cell phones, tablets and other consumer products. The Corporation is developing in Quebec one of the most important spodumene lithium hard rock deposit in the world, both in volume and grade. The spodumene concentrate produced at Nemaska Lithium's Whabouchi mine will be shipped to the Corporation's lithium compounds processing plant to be built in Shawinigan, Quebec. This plant will transform spodumene concentrate into high purity lithium hydroxide and carbonate using the proprietary methods developed by the Corporation, and for which patent applications have been filed.
This document may contain forward-looking statements that reflect management's current expectations regarding future events. Forward-looking statements are based on a number of factors and include risks and uncertainties. Actual results may differ from forecast results. Management assumes no obligation beyond what is required under the law to update or revise forward-looking statements pursuant to new information or future events.
Further information regarding Nemaska Lithium is available in the SEDAR database (www.sedar.com) and on the Corporation's website at: www.nemaskalithium.com
Nemaska Lithium Preps Whabouchi Mine Site for 60,000t Bulk Sample and Modular Mill Installation
QUEBEC CITY, QUEBEC--(Marketwired - Aug. 16, 2016) - Nemaska Lithium Inc. ("Nemaska Lithium" or the "Corporation") (TSX:NMX)(OTCQX:NMKEF) is pleased to provide an update on the bulk sample and modular mill installation at the Whabouchi mine located in the Eeyou Istchee James Bay region, Quebec, Canada. Nemaska Lithium has applied for a Certificate of Authorization to install and operate a new self-contained dense media separation (DMS) modular mill. The modular mill has a processing capacity of 10 t/hour. The Corporation has also decided to increase the mine representative bulk sample from 29,000 t to 60,000 t. This bulk sample will be milled to obtain a 6% Li2O concentrate that will be further processed into lithium hydroxide at Nemaska Lithium's Phase 1 Plant which is under construction in Shawinigan, Quebec. With the General Certificate of Authorization for the Whabouchi Mine site already in hand, Nemaska Lithium is not anticipating any issues with the ongoing further permitting and has given a mandate for site preparation and installation of the modular mill to Met-Chem Canada, member of the DRA Group. The Corporation is anticipating installation and commissioning of the DMS modular mill to be completed by the end of October 2016 with the mill producing a DMS concentrate over the next 12 to 18 months following the commissioning phase. Part of the DMS material will be further processed through flotation before being shipped to the Phase 1 plant in Shawinigan, Quebec.
"The modular mill is a critical component of our Phase 1 Plant project as it will produce the necessary concentrate that will be further processed into lithium hydroxide samples for customers that are seeking to qualify our products," said Guy Bourassa, President and CEO of Nemaska Lithium. "With the recent addition of Mr. François Godin as VP Operations, I am very confident that this project is in good hands and we will be on track to start shipping mine representative commercial samples of lithium hydroxide to customers including Johnson Matthey Battery Materials by Q1 and Q2 2017." Bourassa continued, "Qualifying ourselves with customers as a new lithium hydroxide supplier is normal course of business in this industry and is the rationale behind building the Phase 1 Plant and operating the DMS modular mill. This strategy will enable us to more rapidly start realizing revenue from the commercial Hydromet plant which is still on target for commissioning in Q2 2018."
About Nemaska Lithium
Nemaska Lithium intends to become a lithium hydroxide and lithium carbonate supplier to the emerging lithium battery market that is largely driven by electric vehicles, cell phones, tablets and other consumer products. The Corporation is developing in Quebec one of the most important spodumene lithium hard rock deposit in the world, both in volume and grade. The spodumene concentrate produced at Nemaska Lithium's Whabouchi mine will be shipped to the Corporation's lithium compounds processing plant to be built in Shawinigan, Quebec. This plant will transform spodumene concentrate into high purity lithium hydroxide and carbonate using the proprietary methods developed by the Corporation, and for which patent applications have been filed.
This document may contain forward-looking statements that reflect management's current expectations regarding future events. Forward-looking statements are based on a number of factors and include risks and uncertainties. Actual results may differ from forecast results. Management assumes no obligation beyond what is required under the law to update or revise forward-looking statements pursuant to new information or future events.
Further information regarding Nemaska Lithium is available in the SEDAR database (www.sedar.com) and on the Corporation's website at: www.nemaskalithium.com
http://www.nemaskalithium.com/en/investors/press-releases/2016/4a1ef0c1-0b07-41a1-b2aa-5432b3f1d588/
Nemaska Lithium Drilling Program at Whabouchi Progressing Well
http://www.nemaskalithium.com/en/investors/press-releases/2016/4064efe6-1afb-41c1-b0af-eb49c42fa23c/
Nemaska Lithium Begins a Targeted Definition Drilling Campaign on the Whabouchi Project with the Objective to Increase the Existing Lithium Resource and Extend the Mine Life
Quebec, July 13, 2016. Nemaska Lithium Inc. (“Nemaska Lithium” or the “Corporation”) (TSX: NMX) (OTC: NMKEF) announces that it has begun a $1.5M budget definition drilling campaign for the Whabouchi project in the Eeyou Istchee James Bay region. The main goals of this program are to convert the existing in-pit inferred resource into measured and indicated, to add near surface resources in the east zone of the pit design as well as confirm continuity of further resources at depth below the 200 m level.
“Assuming we achieve our goals, this drill program will enable us to increase our open pit mine life, reduce the stripping ratio and lower the production cost of concentrate,” said Guy Bourassa, President and CEO of Nemaska Lithium. “In addition to having a clearer idea of the full potential of the lithium resource at Whabouchi, this drilling program enables management as well as shareholders to fully value our project.”
The drilling program, involving an anticipated 44 drill holes spread over 13,700 m, is expected to be completed in September 2016. The feasibility study titled: NI 43-101 Technical Report Feasibility Study Update on the Whabouchi Lithium Deposit and Hydromet Plant (Revised), covers mineral resources totalling 27.9 Mt with an average grade of 1.57% Li2O in the measured and indicated categories and 4.69 Mt with an average grade of 1.51% Li2O of inferred resources in an optimized pit with a 0.43% Li2O cut-off grade. The three main objectives of the drilling campaign are:
1. The potential conversion of 4.69 Mt of inferred resources, inside pit design, to indicated resources, representing a potential upgrade between 15 and 25% of resources that could be converted to reserves (that is, measured and indicated resources). This phase involves 5,900 m covering 22 drill holes. (See Fig. 1)
2. The second objective is to increase the level of confidence of mineral resources between 0 m and 200 m vertical from the surface. This phase would potentially make it possible to fill the East section of the longitudinal zone, which does not include any resources at the moment. A total of 17 drill holes over a 5,100 m surface area are expected to be drilled in order to meet this objective. This phase is expected to result in a potential increase block model volume between 20 and 35%. (See Fig. 2)
3. Finally, the drilling program aims to confirm the continuity of the longitudinal zone of mineral resources down to 500 m vertical depth, below surface. Five drill holes for a total of 2,700 m are expected to be drilled in order to meet this objective. This could potentially allow an increase between 30 and 45% in the longitudinal zone covered by the mineral resource model. (see Fig. 3)
The drilling campaign is supervised by Jean-Philippe Paiement, M.Sc. P. Geo, at SGS Canada Inc. Forage Rouiller has been chosen to carry out drilling. Samples shall be prepared by the SGS Canada Inc. laboratory in Quebec City and shall be analyzed by the SGS Canada Inc. accredited laboratory in Vancouver.
A QAQC program involving blank samples, standard samples and field duplicates shall be established during sampling. The work shall be carried out in accordance with CIM’s mining exploration guidelines.
The technical parts of this press release were prepared by Jean-Philippe Paiement, M.Sc. P. Geo, at SGS Canada Inc., qualified person under Regulation NI 43-101.
About Nemaska Lithium
Nemaska Lithium intends to become a lithium hydroxide and lithium carbonate supplier to the emerging lithium battery market that is largely driven by electric vehicles, cell phones, tablets and other consumer products. The Corporation is developing in Quebec one of the most important spodumene lithium hard rock deposit in the world, both in volume and grade. The spodumene concentrate produced at Nemaska Lithium’s Whabouchi mine will be shipped to the Corporation’s lithium compounds processing plant to be built in Shawinigan, Quebec. This plant will transform spodumene concentrate into high purity lithium hydroxide and carbonate using the proprietary methods developed by the Corporation, and for which patent applications have been filed.
This document may contain forward-looking statements that reflect management's current expectations regarding future events. Forward-looking statements are based on a number of factors and include risks and uncertainties. Actual results may differ from forecast results. Management assumes no obligation beyond what is required under the law to update or revise forward-looking statements pursuant to new information or future events.
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:
www.nemaskalithium.com
Mr. Victor Cantore
Investor Relations
514 831-3809
victor.cantore@nemaskalithium.com
Mrs. Wanda Cutler
Investor Relations
416 303-6460
wanda.cutler@nemaskalithium.com
Nemaska Lithium Hires VP Operations to Oversee the Development and Operation of the Whabouchi Lithium Mine and Hydromet Plant
Quebec, July 12, 2016. Nemaska Lithium Inc. (“Nemaska Lithium” or the “Corporation”) (TSX: NMX) (OTC: NMKEF) announces the hiring of Mr. François Godin as Vice President Operations. Mr. Godin will be responsible for all operations, both at the Whabouchi mine and at the Shawinigan plant. He will report directly to Mr. Guy Bourassa, President and CEO of Nemaska Lithium. Mr. Godin will officially join Nemaska Lithium and assume his role and responsibilities on August 9, 2016. His office will be located at the Corporation’s Shawinigan Hydromet plant.
Prior to joining Nemaska Lithium, Mr. Godin worked 28 years in progressively senior operations and process optimization roles for the Iron & Titanium division of the multinational mining company Rio Tinto. During the final years of his tenure there, he built a mining organization, started and operated a billion dollar mining project from scratch in Madagascar, employing 640 people with an annual operating budget of $150M. His expertise spans the life of a mining project from start up, to operations, to chemical and mining process optimization. In addition, he brings experience in chemical processing from minerals using innovative new technologies. Mr. Godin holds a bachelor's degree in metallurgical engineering from Ecole Polytechnique of Montreal.
“I am delighted to add François to our senior management team,” commented Guy Bourassa President and CEO of Nemaska Lithium. “He is an experienced and well-rounded professional that brings best practices expertise as well as start-up experience. This is a unique combination of skill sets that perfectly suits our current stage of development. He has built projects from the ground up and run them efficiently to consistently deliver results. I am excited to work with him as we move into the next phase of our Company’s development. We have built a strong technical team that has led the technology development and now with the addition of François we are significantly de-risking our project execution and operation.”
About Nemaska Lithium
Nemaska Lithium intends to become a lithium hydroxide and lithium carbonate supplier to the emerging lithium battery market that is largely driven by electric vehicles, cell phones, tablets and other consumer products. The Corporation is developing in Quebec one of the most important spodumene lithium hard rock deposit in the world, both in volume and grade. The spodumene concentrate produced at Nemaska Lithium’s Whabouchi mine will be shipped to the Corporation’s lithium compounds processing plant to be built in Shawinigan, Quebec. This plant will transform spodumene concentrate into high purity lithium hydroxide and carbonate using the proprietary methods developed by the Corporation, and for which patent applications have been filed.
This document may contain forward-looking statements that reflect management's current expectations regarding future events. Forward-looking statements are based on a number of factors and include risks and uncertainties. Actual results may differ from forecast results. Management assumes no obligation beyond what is required under the law to update or revise forward-looking statements pursuant to new information or future events.
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:
www.nemaskalithium.com
Mr. Victor Cantore
Investor Relations
514 831-3809
victor.cantore@nemaskalithium.com
Ms. Wanda Cutler
Investor Relations
416 303-6460
wanda.cutler@nemaskalithium.com
NEMASKA LITHIUM COMPLETES $69 MILLION FINANCING
AND COMMENCES TRADING ON THE TORONTO STOCK EXCHANGE
Quebec, July 8, 2016. Nemaska Lithium Inc. (“Nemaska” or the “Corporation”) (TSX: NMX) (OTC:
NMKEF) is pleased to announce that it has completed its previously announced public offering
(the “Offering”), for aggregate gross proceeds of $69,000,115.
In connection with the Offering, the Corporation issued a total of 60,000,100 units of the Corporation,
which included the exercise of the over-allotment option in full, at a price of $1.15 per unit (the
“Offering Price”). The Offering was completed through Dundee Securities Ltd. acting as lead agent,
and including Cormark Securities Inc., CIBC World Markets Inc., GMP Securities L.P., Desjardins
Securities Inc., Echelon Wealth Partners Inc. and Jett Capital Advisors, LLC (collectively, the “Agents”).
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.
“This financing strengthens Nemaska Lithium from a project execution standpoint, as we can now
progress the commercial mine and hydromet plant projects in a significant way,” commented Guy
Bourassa, President and CEO of Nemaska Lithium. “We are starting the detailed engineering work of
both the hydromet plant and the mine site, ordering long lead items, as well as initiating construction
of the main buildings at the Whabouchi mine site. This will allow us to continue our work in enclosed
facilities during the winter of 2017, which is critical to keeping us on target for production in Q2 2018
when the market for lithium compounds is projected to be very tight on the supply side.” Bourassa
continued “With close to 90% of this offering going to over 30 institutional investors we have
significantly broadened our shareholder base and increased our presence with international investors.”
The Corporation is also pleased to announce its graduation to the Toronto Stock Exchange (the “TSX”)
today pursuant to which all the common shares of the Corporation including the common shares
issued pursuant to the Offering as well as the warrants issued pursuant to the Offering commenced
trading on the TSX under the current stock symbol “NMX” for the common shares of the Corporation
and “NMX.WT” for the warrants. As a result of the graduation to the TSX, the Corporation’s common
shares were delisted from the TSX Venture Exchange.
This press release does not constitute an offer of securities for sale in the United States or to “U.S.
persons” (“U.S. persons”), as such term is defined in Regulation S promulgated under the United States
Securities Act of 1933, as amended (the “U.S. Securities Act”). The securities being offered have not
been, nor will be, registered under the U.S. Securities Act or any state securities laws, and may not be
offered or sold in the United States or to U.S. persons absent registration or an applicable exemption
from such registration requirements.
This stock was a beast but with the $50M short prospectus offering today it is not looking good. That represent a lot of shares to be sold in to the float at a "best effort basis"!
Hope you all did the same as me and took your gains because this is going to plummet until all those shares 34 million shares are sold.
nothing... but a nice dump!
A good friend of mine told me about this stock, he was so hyped! " They have a contract with Tesla!! " he said. I knwo the guy that owns the business. He knew Im into stocks and he would get my attention. So i took a peek out of curiosity. And there it was! A stock that went from .16 to 1,97!?! Wow! Talk about stock that rocketed!! But now its time to unload...
So I told my friend to stay out of this stock, cause this baby is sinking. Who wants to be a bagholder afterall!? That was last week when stock traded a 1,87.
This will fall below 1.00, where it belongs.
Yes, this is looking good.
+700% up since my first post!!! $$$$$$$$$$$
NMX: Huge Apple Hint on Twitter...
Company just re-tweeted this:
My French isn't great, but even I know what 'pommes' means!.... O cueillir des #pommes dans les vergers de la #Mauricie et des alentours http://www.tourismemauricie.com/2010/09/13/autocueillette-de-pommes-et-vergers-en-mauricie-et-les-environs/
Read more at http://www.stockhouse.com/companies/bullboard/v.nmx/nemaska-lithium-inc#DXcqYlfaicyox07H.99
End user off-take financing email
Courtesy of Clutchan on the Stockhouse board:
LITHIUM MINE: FULL PERMIT APPROVAL EXPECTED TOMORROW!
Panasonic predicts lithium-ion utility storage surge
We are rapidly approaching a 'tipping point' in the demand for lithium, as the following article, published today, illustrates:
panasonic predicts lithium surge
LOOKS LIKE A BREAK-OUT COMING!
Lithium fast becoming the resource sector's hottest property!
NMX perfectly placed with mine EAP last week and full permit formality in next 2 - 3 weeks. World class, high grade deposit.
Nemaska Lithium Gains on Federal Environmental Approval
Canada's minister of environment issued a positive environmental assessment decision for the project on Wednesday.
Teresa Matich • July 30, 2015
Nemaska Lithium‘s (TSXV:NMX,OTCQX:NMKEF) share price rose as much as 14 percent on Thursday after the company received federal environmental approval for its Whabouchi lithium project in Quebec.
Canada’s minister of environment issued a positive environmental assessment decision for the project on Wednesday, stating that Whabouchi is not likely to cause significant adverse environmental affects.
Roughly 762,700 shares of Nemaska traded hands on Wednesday, just under eight times the daily average for the company. Nemaska closed at $0.19 per share, up 8.5 percent from the previous day’s close.
The decision appears to have come slightly sooner than expected. “We were expecting the permit, but we were actually expecting it to be a bit later in the summer, more towards the end of August,” stated Nemaska’s president and CEO, Guy Bourassa. He confirmed that the conditions outlined in the decision are “perfectly reasonable and as expected,” as the company received a draft of the conditions on May 6 and was able to comment on them last month.
“[The conditions] have largely already been incorporated in our environmental assessment statement and in all our documentation issued over the last two years,” he explained.
Social responsibility
“The positive decision issued by the Canadian Minister of Environment, following comprehensive social and environmental review, reflects our commitment to build an environmentally and socially responsible mine site,” stated Simon Thibault, director of environmental and social responsibility for Nemaska, in Thursday’s release. “The Crees and Jamesians have backed our project since its inception and we are delighted to see the Federal Government has approved our Project after careful consideration of community input.”
Bourassa echoed that sentiment. “Building an environmental and socially responsible mine is very important to Nemaska and is our commitment to the impacted communities,” he said. “The Cree are an extremely important stakeholder and shareholder group, and their support is critical to the success of this mining project.”
Furthermore, Nemaska is doing all it can to make Whabouchi as green as possible, using recycled water and fewer reagents in its chemical processes, as well as recycled water and hydroelectricty to run the mine. For Bourassa, that strategy is simply good business.
“Good community relations are also critical to ongoing project success,” he said. “Consider Bolivia, Argentina and Chile, where tension between government and miners as well as other groups makes the long-term viability of the brine projects questionable.” While lithium can be produced from hard-rock spodumene mines, such as Whabouchi and the massive Greenbushes mine in Australia, a large amount of the world’s lithium production comes from lithium brine operations, mainly located in South America.
Project funding
Going forward, the company still needs to raise about $500 million to build the 3,000-tonne-per-day Whabouchi mine, concentrator and hydromet plant. The plant will be used to produce high-purity lithium hydroxide and lithium carbonate, using the company’s proprietary process to produce lithium hydroxide directly from spodumene concentrate.
Bourassa stated that Nemaska expects to see some funding support from the Quebec government’s Plan Nord program.
“This program was formed to, among other things, support the development of natural resources in Northern Quebec (north of the 49th parallel). A special $1-billion fund was created to take direct equity positions in companies developing projects in Quebec’s north,” Bourassa said. “Nemaska Lithium’s project is located in this territory and that is a definite positive in project financing discussions. We obviously have also initiated discussions with end users to be part of the financing structure for this project. Receiving the environmental permits will definitively help in the actual discussions.”
The company is still waiting on a certificate of authorization for Whabouchi from the Quebec government, which it expects to receive by the end of next month.
http://investingnews.com/daily/resource-investing/energy-investing/lithium-investing/nemaska-lithium-whabouchi-ea-approval/?nameplate_category=Lithium%20Investing
sleeper this will be like hitting a land mine but when is the question
Nemaska receives $12.87MM gov't grant for lithium plant
Nemaska Lithium is a cheap penny stock with great underlying fundamentals. Nemaska Lithium is in the business of exploration and development of hard rock lithium in mining properties in Canada. Nemaska has the biggest unmined depot of lithium in the world. A Nemaska Lithium Whabouchi shows an internal rate of return of 25.2%!
Nemaska has excellent fundamentals with $27.19m in total assets, a cash balance of $1.25m, and the current assets:current liabilities ratio is a solid 1.69. Although the most recent quarter report shows a net loss, it is only $.003 per share, or $548,139. Not too shabby for a stock trading at $.20.
On the daily chart of NMX.V, price has formed a small bull flag which broke to the upside today. The price target of the pattern measures to $.21, but more importantly the weekly chart suggests a move to the $.25-$.30 level. It also appears to be in an accumulation phase so something might be brewing.
Nemaska Lithium Issues 500,000 Common Shares for the Whabouchi Property
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. WIRE NEWS SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES
Nemaska Lithium Inc. ("Nemaska" or the "Corporation") (TSX VENTURE:NMX)
(OTCQX:NMKEF) announces that it has issued 500,000 common shares in favour of
the vendor of the Whabouchi property (the "Vendor"), pursuant to the acquisition
agreement dated September 17, 2009, as amended on June 11, 2010 (the
"Agreement"). This issuance represents the last payment in shares to be made
pursuant to the Agreement.
On July 2, 2014, Nemaska announced it had filed a positive Feasibility Study in
connection with the construction of a mine and a concentrator on the Whabouchi
Property and a hydromet plant in Salaberry-de-Valleyfield to produce lithium
hydroxide and lithium carbonate of high purity. Following the filing of the
Feasibility Study, Nemaska had to issue a final block of 500,000 common shares
in favour of the Vendor. The Whabouchi Property is 100% owned by Nemaska and the
Vendor retains a 3% NSR royalty, of which 1/3 may be bought back for an amount
of $1M at any time.
The 500,000 common shares issued in favour of the Vendor are subject to a
restricted period of four months and one day ending on November 16, 2014.
About Nemaska
Nemaska intends to become a lithium hydroxide and lithium carbonate producer
based in Quebec and has filed patent applications for its proprietary methods to
produce these compounds. In tandem, the Corporation is developing one of the
richest spodumene lithium hard rock deposit in the world, both in volume and
grade. Spodumene concentrate produced at Nemaska's Whabouchi mine and from other
global sources will be shipped to the Corporation's lithium compounds processing
plant to be built in Salaberry-de-Valleyfield, Quebec, Canada. This plant will
transform spodumene concentrate into high purity lithium hydroxide and lithium
carbonate mainly for the growing lithium battery market.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
The statements herein that are not historical facts are forward-looking
statements. These statements address future events and conditions and so involve
inherent risks and uncertainties. Actual results could differ from those
currently projected. The Corporation does not assume the obligation to update
any forward-looking statement.
FOR FURTHER INFORMATION PLEASE CONTACT:
Guy Bourassa
President and Chief Executive Officer
418 704-6038
info@nemaskalithium.com
Victor Cantore
Investor Relations
514 831-3809
victor.cantore@nemaskalithium.com
Wanda Cutler
Investor Relations
416 303-6460
wanda.cutler@nemaskalithium.com
www.nemaskalithium.com
NMX - IIROC Trading Resumption
Whabouchi Feasibility study- NPV $924M; IRR 25.2%
NEWS...Management clueless??? Offering dropped from .175 to .125!
Scary, grasping the deciders being so very out of touch with reality...
And then there was that huge dump before trading was halted and news... Hmmmmmm
http://nemaskaexploration.mwnewsroom.com/press-releases/nemaska-lithium-revises-terms-of-its-5000000-pu-tsx-venture-nmx-201403190934403001
http://nemaskaexploration.mwnewsroom.com/press-releases/nemaska-lithium-announces-the-filing-of-a-third-pr-tsx-venture-nmx-201403130933225001
Nemaska Lithium : IIROC Trading Halt - NMX
VANCOUVER, March 19, 2014 /CNW/ - The following issues have been halted by IIROC:
Company: Nemeska Lithium Inc.
TSX-Venture Symbol: NMX
Reason: At the Request of the Company Pending News
Halt Time (ET): 10:02 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
http://www.4-traders.com/NEMASKA-LITHIUM-INC-10162974/news/Nemaska-Lithium--IIROC-Trading-Halt-NMX-18122948/
And just out some Gold !
http://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aMQR-2150638&symbol=MQR®ion=C
Monarques drills nine m of 1.21 g/t Au at Simkar
2014-02-28 09:30 ET - News Release
Mr. Jean-Marc Lacoste reports
MONARQUES INTERCEPTS A 9.0 METER ZONE GRADING 1.27 G/T GOLD AT SIMKAR
Monarques Resources Inc. has released the third and final set of drill results for its Simkar property. This drill campaign allowed us to fulfill all the contractual obligations of the joint venture with Eloro resources Ltd. ("Eloro"). Monarques now holds 57% ownership in the Simkar Gold property. The Property is located in the heart of the Val-d'Or mining camp, just north of the Cadillac Break, in the Abitibi Greenstone Belt. These results are additional to those released on January 16 and February 5, 2014. (Click here for latest corporate video)
Holes SK13-03 and SK13-18 were drilled to intercept a large silicification halo associated with the "South" and "D" zones. This is the most intense alteration observed in the southern sector, and is accompanied by diffuse quartz veins and sulphides, more specifically pyrite, pyrrhotite and chalcopyrite. This zone returned multiple highly-anomalous values, such as 2.23 g/t Au over 2.5 m (including 5.49 g/t Au over 1.0 m). Holes SK13-014 to SK13-17 and SK13-019, on the other hand, were drilled on the extension of the "A" and "B" zone to test the mineralized stockwerks. These holes intersected their target, thus contributing to a better understanding of the networks of veins and veinlets within the zones. The gold system shows grades similar to grades mined previously, such as 4.21 g/t Au over 1.4 m (including 7.89g/t Au over 0.4 m) within an envelope of 1.21 g/t Au over 9.0 m and 1.27 g/t Au over 3.0 m (including 6.50 g/t Au over 0.40 m).
The following table shows the best results for holes SK13-01 to SK13-19:
Table 1 - Best results for Holes SK13-01 to SK13-19
-----------------------------------------------------
From To Length Grade
Hole # (m) (m) (m)(i) (g/t Au)
-----------------------------------------------------
SK13-01 43.50 81.85 38.35 0.15
-----------------------------------------------------
53.00 56.10 3.10 0.36
-----------------------------------------------------
SK13-02 82.50 84.00 1.50 0.40
-----------------------------------------------------
165.00 231.00 66.00 0.27
-----------------------------------------------------
171.00 198.00 27.00 0.57
-----------------------------------------------------
including 171.00 174.00 3.00 1.67
-----------------------------------------------------
178.50 184.50 6.00 1.46
-----------------------------------------------------
229.50 231.00 1.50 0.49
-----------------------------------------------------
285.00 286.50 1.50 1.29
-----------------------------------------------------
331.10 332.00 0.90 1.80
-----------------------------------------------------
355.50 357.00 1.50 0.42
-----------------------------------------------------
375.00 376.50 1.50 0.39
-----------------------------------------------------
SK13-04 13.50 16.50 3.00 0.37
-----------------------------------------------------
39.30 67.50 28.20 0.14
-----------------------------------------------------
including 39.30 39.60 0.30 3.86
-----------------------------------------------------
67.00 67.50 0.50 0.53
-----------------------------------------------------
210.00 211.50 1.50 0.46
-----------------------------------------------------
216.00 219.00 3.00 0.77
-----------------------------------------------------
401.90 409.40 7.50 0.38
-----------------------------------------------------
including 401.90 403.00 1.10 1.13
-----------------------------------------------------
407.00 409.40 2.40 0.46
-----------------------------------------------------
445.00 446.50 1.50 2.18
-----------------------------------------------------
SK13-05 225.90 228.00 2.10 0.88
-----------------------------------------------------
310.00 311.10 1.10 0.79
-----------------------------------------------------
SK13-06 154.50 159.00 4.50 0.46
-----------------------------------------------------
211.50 216.00 4.50 2.13
-----------------------------------------------------
258.00 260.00 2.00 2.08
-----------------------------------------------------
SK13-07 141.00 164.30 23.30 0.19
-----------------------------------------------------
including 157.50 159.00 1.50 1.14
-----------------------------------------------------
297.50 298.00 0.50 0.95
-----------------------------------------------------
SK13-08 37.50 40.50 3.00 1.12
-----------------------------------------------------
238.60 240.00 1.40 0.37
-----------------------------------------------------
279.00 286.00 7.00 0.62
-----------------------------------------------------
351.50 353.00 1.50 0.41
-----------------------------------------------------
SK13-09 67.30 67.60 0.30 1.63
-----------------------------------------------------
76.50 91.50 15.00 0.58
-----------------------------------------------------
including 85.50 87.00 1.50 3.64
-----------------------------------------------------
108.00 111.50 3.50 0.46
-----------------------------------------------------
231.00 234.00 3.00 1.58
-----------------------------------------------------
SK13-10 283.00 289.00 6.00 0.58
-----------------------------------------------------
including 285.00 285.50 0.50 1.13
-----------------------------------------------------
including 288.00 289.00 1.00 2.19
-----------------------------------------------------
SK13-11 189.00 190.00 1.00 0.41
-----------------------------------------------------
SK13-12 138.30 139.00 0.70 1.74
-----------------------------------------------------
SK13-13 180.00 197.00 17.00 0.17
-----------------------------------------------------
including 184.00 185.00 1.00 0.89
-----------------------------------------------------
310.50 313.00 2.50 2.23
-----------------------------------------------------
or 312.00 313.00 1.00 5.49
-----------------------------------------------------
453.00 454.50 1.50 0.35
-----------------------------------------------------
462.50 463.60 1.10 0.47
-----------------------------------------------------
SK13-14 79.50 80.00 0.50 0.34
-----------------------------------------------------
193.50 195.00 1.50 0.66
-----------------------------------------------------
344.60 345.35 0.75 0.46
-----------------------------------------------------
360.00 360.40 0.40 0.41
-----------------------------------------------------
365.55 367.50 1.95 0.35
-----------------------------------------------------
372.00 381.00 9.00 1.21
-----------------------------------------------------
including 379.40 381.00 1.60 4.21
-----------------------------------------------------
including 379.40 379.80 0.40 7.89
-----------------------------------------------------
SK13-15 88.50 92.55 4.05 0.23
-----------------------------------------------------
SK13-16 526.50 529.50 3.00 1.27
-----------------------------------------------------
including 527.90 528.30 0.40 6.50
-----------------------------------------------------
SK13-17 123.00 124.20 1.20 1.81
-----------------------------------------------------
242.15 242.50 0.35 1.83
-----------------------------------------------------
257.00 258.40 1.40 0.59
-----------------------------------------------------
433.50 435.00 1.50 1.52
-----------------------------------------------------
SK13-18 17.00 20.00 3.00 0.51
-----------------------------------------------------
including 18.00 18.65 0.65 1.66
-----------------------------------------------------
90.50 93.50 3.00 0.38
-----------------------------------------------------
97.90 99.00 1.10 0.58
-----------------------------------------------------
123.00 124.50 1.50 0.37
-----------------------------------------------------
174.50 176.00 1.50 0.39
-----------------------------------------------------
248.70 249.00 0.30 0.33
-----------------------------------------------------
301.50 303.50 2.00 0.47
-----------------------------------------------------
SK13-19 42.00 46.00 4.00 0.64
-----------------------------------------------------
147.50 149.40 1.90 0.34
-----------------------------------------------------
402.70 405.70 3.00 0.40
-----------------------------------------------------
(i)core length; not necessarily the same as the true width
"We are very pleased with the progress made on our Simkar project in the fall of 2013" said Jean-Marc Lacoste, President and CEO of Monarques. "In a matter of months, since the acquisition, we managed to demonstrate new potential on the project by identifying large, near-surface mineralized zones and by confirming the presence of silver. This opens up new exploration possibilities that need to be assessed now that we have received all the data."
Monarques is now expecting results for silver re-assays following the successful initial trial results disclosed on February 5, 2014. Meanwhile, the Corporation is evaluating and prioritizing the different targets following the 2013 drilling program in preparation for future work. This evaluation program also encompasses the Tex-Sol Property that is adjacent and in which Monarques holds a 100% interest. The Tex-Sol Property had historically shown potential for large, near-surface mineralised zones akin to the ones intercepted in holes SK13-01, SK13-02 and SK13-04 (see January 16, 2014 news release).
The 2013 drilling program consisted of 19 holes totalling 8,055 metres. The program was primarily aimed at extending the gold-bearing horizons previously identified as the "A", "B", "C", "D", "East" and "South" zones, with the goal of confirming their projected horizontal and vertical extension. A secondary goal was to develop and test new models of these same structures.
The 2013 exploration program was planned and supervised by MRB & Associates of Val-d'Or, QC, who designed the drilling program, supervised the work and logged and sampled the core on Monarques' behalf. Sampling entailed sawing the core into two equal halves along its main axis and shipping one of the halves to Techni-Lab S.G.B. Abitibi Inc. in Val-d'Or for assaying. The samples were crushed, pulverized and assayed by fire assay with atomic absorption finish. Results exceeding 5.0 g/t were re-assayed using the gravity method. MRB & Associates established a full QA/QC protocol, including the insertion of standards, blanks and duplicates.
Antoine Fournier, P.Geo., exploration manager and the qualified person under National Instrument 43-101, has reviewed the technical and scientific content of this release.
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Nemaska Lithium Signs an Off-Take and Collaboration Agreement With Phostech Lithium for Production of Lithium Hydroxide
Nemaska Lithium Inc. ("Nemaska" or the "Corporation") (TSX
VENTURE:NMX)(OTCQX:NMKEF) is pleased to announce that it has signed an off-take
and collaboration agreement ("Agreement") with Phostech Lithium Inc.
("Phostech"), a Clariant AG group company. (Swiss Exchange: CLN) Per the
Agreement, Phostech agrees to evaluate and purchase from Nemaska the output of
the lithium hydroxide monohydrate to be produced by Nemaska's Phase I plant.
Nemaska and Phostech also agree to collaborate in order to determinate the
economic and technical feasibility of tailoring the lithium hydroxide
fabrication process according to Phostech's specifications. Pending financing
and budgetary considerations, Nemaska Lithium intends to build a Phase I, 500
tonnes a year lithium hydroxide plant using its proprietary chemical
transformation process.
"This is our first agreement with an end user and we are delighted to be working
with Phostech, a division of Clariant, a large established multinational
organization that focuses on speciality chemicals including battery cathode
material manufacturing," commented Guy Bourassa, President and CEO of Nemaska
Lithium. "This agreement will accelerate our decision to build a Phase I lithium
hydroxide plant which will also be used as a marketing tool to discuss with
other potential customers."
"High-quality raw materials are a key element for cathode materials to be used
in long-lasting lithium ion batteries," commented Denis Geoffroy, General
Manager, Phostech Lithium. "We are eager to evaluate a new source of lithium
hydroxide and explore a long-term relationship with Nemaska Lithium."
Phostech recently opened its facility in Quebec that produces the Life Power(R)
P2 C-LiFePO4, a safe, high-power cathode material for rechargeable lithium-ion
batteries used in hybrid and electric vehicles, solar and wind energy storage
and power tools.
About Phostech
Phostech Lithium is a Clariant group company and integral part of Clariant
Battery Materials, the leading supplier of high quality C-LiFePO4 cathode
material. Clariant Battery Materials markets different Life Power(R) grades
manufactured in its plants in Canada and Germany. Clariant Battery Materials
controls and develops several synthesis processes to fulfill needs of present &
future customers and markets.
About Clariant
Clariant is an internationally active specialty chemical company, based in
Muttenz near Basel. The group owns over 100 companies worldwide and employed 22
149 employees on December 31, 2011. In the financial year 2011, Clariant
produced a turnover of CHF 7.4 billion. Clariant is divided into eleven business
units: Additives; Catalysis & Energy; Emulsions, Detergents & Intermediates;
Functional Materials; Industrial & Consumer Specialties; Leather Services;
Masterbatches; Oil & Mining Services; Paper Specialties; Pigments; Textile
Chemicals. Clariant focuses on creating value by investing in future profitable
and sustainable growth, which is based on four strategic pillars: Improving
profitability, innovation as well as research and development, dynamic growth in
emerging markets, and optimizing the portfolio through complementary
acquisitions or divestments.
About Nemaska
Nemaska Lithium is an exploration and development company with its Whabouchi and
Sirmac lithium deposits located in the James Bay Region in the Province of
Quebec. Both projects are easily accessible year round by the Route du Nord from
Chibougamau. The Whabouchi lithium deposit is located near the Cree community of
Nemaska and the Nemiscau airport. Nemaska plans to become a lithium
hydroxide/carbonate producer based in Quebec and has filed patent applications
for its proprietary method to produce lithium hydroxide and lithium carbonate.
The Corporation's lithium hydroxide/carbonate processing plant will be located
in Valleyfield, Quebec. Nemaska is also an important shareholder of Monarques
Resources Inc. (TSX VENTURE:MQR).
Forward-looking statements contained in this press release involve known and
unknown risks, uncertainties and other factors that may cause actual results,
performance and achievements of Nemaska to be materially different from any
future results, performance or achievements expressed or implied by the said
forward-looking statements.
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