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NMKEF could see .40 before it sees 4.00 EOM
Improving Fundamentals Are Flying Under The Radar Of Investors
Nemaska Lithium - Improving Fundamentals Are Flying Under The Radar Of Investors
Jul. 16, 2018
https://seekingalpha.com/article/4187446-nemaska-lithium-improving-fundamentals-flying-radar-investors
"The bearish sentiment is very overdone and I believe the market is massively oversold." Guy Bourassa
Lithium CEO Roundtable
Guy Bourassa and 3 other CEOs ...good stuff
https://thelithiumspot.com/2018/06/19/lithium-ceo-roundtable-i/
https://thelithiumspot.com/2018/06/21/lithium-ceo-roundtable-ii/
Research Report Predicts 10.79 Million EVs by 2025
http://www.futurecar.com/2415/Research-Report-Predicts-10-79-Million-EVs-by-2025
Research and Markets anticipates the proliferation of EVs
Research and Markets is a company based in Dublin, Ireland. According to the firm's latest report, global EV sales are predicted to increase at a compound annual growth rate (CAGR) of 32.57%. That would put the total number of pure electric vehicles at 10.79 million, up from an estimated 1.50 million this year.
Demand for Lithium-Ion Batteries Expected to Double by 2024
http://www.futurecar.com/2460/Demand-for-Lithium-Ion-Batteries-Expected-to-Double-by-2024
Soon, demand may outweigh supply.
Currently, smartphones are the leading application (consumer electronics gobble up 50%). But that may soon change with the proliferation of EVs.
The level of investment in the raw material part of the chain (hard rock mines and brines) is accelerating, but needs to accelerate faster," said David Whitten, Head of Global Natural Resources and a Fund Manager at Janus Henderson Investors.
"Conclusion and prognosis – peak oil is here".Yes it is and so is the new Little Ice Age which is going to quickly pressure food production and prices leading to game over for life as we know it.
Peak Oil,Peak Food,Peak Debt and Peak Growth = Peak Population
IMO the die-off will be fast and by 2040-2050 1-2 billion will be the population adapting to a new world.
Do Cosmic Rays Trigger Earthquakes, Volcanic Eruptions?
Published on July 2, 2018
Written by John O'Sullivan
https://principia-scientific.org/do-cosmic-rays-trigger-earthquakes-volcanic-eruptions/
Nemaska signs 7000 t/y lithium offtake agreement with LG Chem
Nemaska Lithium has now committed or has agreement in principle in place for over 90% of its anticipated 33,000 tonnes/y LCE capacity.
http://www.miningweekly.com/article/nemaska-signs-7-000-ty-lithium-offtake-agreement-with-lg-chem-2018-07-04
Canada’s Nemaska Lithium and Korean chemical company LG Chem have signed an offtake agreement that provides for the supply of battery grade lithium hydroxide by Nemaska to LG.
Nemaska and LG Chem Announce 5-Year Supply Agreement!
https://globenewswire.com/news-release/2018/07/03/1533145/0/en/LG-Chem-and-Nemaska-Lithium-Announce-Signature-of-An-Initial-5-Year-Supply-Agreement-for-Lithium-Hydroxide.html
QUÉBEC City, July 03, 2018 (GLOBE NEWSWIRE) -- Nemaska Lithium Inc. (“Nemaska Lithium” or the “Corporation”) (TSX:NMX) (OTC:NMKEF) and LG Chem, Ltd. (“LG”) are pleased to announce the signature of an agreement providing for the supply of battery grade lithium hydroxide by the Corporation to LG.
“We are pleased with this first step towards establishing a long-term commercial relationship between LG and Nemaska Lithium. The signing of this agreement is a clear vote of confidence by LG in our business plan and our capacity to be a long-term supplier of lithium hydroxide”, said Guy Bourassa, President & Chief Executive Officer of Nemaska Lithium.
Under this agreement, Nemaska Lithium agrees to supply LG, on a take-or-pay basis and through its wholly-owned subsidiary Nemaska Lithium Shawinigan Transformation Inc., with 7,000 tonnes per year of lithium hydroxide produced at the Corporation’s commercial plant in Shawinigan, for an initial 5-year period scheduled to start in October 2020. Nemaska Lithium is entitled, if ever necessary, to reschedule the commencement of the supply period, within certain parameters set out in the agreement and based on the anticipated commissioning, ramping up and production start date for the Shawinigan plant.
With this additional off-take agreement and taking into account the right of first offer granted to SoftBank Group to purchase up to 20% of production, Nemaska Lithium has now committed or has agreement in principle in place for over 90% of its anticipated 33,000 tonnes/y LCE capacity.
About Nemaska Lithium
Nemaska Lithium is a developing chemical company whose activities will be vertically integrated, from spodumene mining to the commercialization of high-purity lithium hydroxide and lithium carbonate. These lithium salts are mainly destined for the fast-growing lithium-ion battery market, which is driven by the increasing demand for electric vehicles and energy storage worldwide. With its products and processes, Nemaska Lithium intends to facilitate access to green energy, for the benefit of humanity.
The Corporation will be operating the Whabouchi mine in Québec, Canada, one of the richest lithium spodumene deposits in the world, both in volume and grade. The spodumene concentrate produced at the Whabouchi mine will be processed at the Shawinigan plant using a unique membrane electrolysis process for which the Corporation holds several patents.
Nemaska Lithium is a member of the S&P/TSX SmallCap Index, S&P/TSX Global Mining Index, S&P/TSX Global Base Metals Index, S&P/TSX Equal Weight Global Base Metals Index, and the MSCI Canada Small Cap Index. For more information, visit www.nemaskalithium.com or twitter.com/Nemaska Lithium.
About LG Chem
LG Chem, Ltd. is Korea’s largest diversified chemical company which operates three main business units: Petrochemicals, IT & Electronic Materials and Energy Solution. The company was founded in 1947 and now employs over 29,000 staff globally. The chemical business manufactures a wide range of products, from petrochemical goods to high-value added plastics. It also extends its chemical expertise into high-tech areas such as electronic materials and lithium-ion batteries. With over 20 years’ experience of development and production of these batteries, LG Chem has established itself as one of the world’s leading lithium-ion manufacturers. The company is a primary supplier of lithium batteries throughout the world for the mobile phone and hybrid/electric vehicle industries & Energy Storage System (ESS). For further information about LG Chem, visit http://www.lgchem.com/global/main.
Cautionary Statement on Forward-Looking Information
All statements, other than statements of historical fact, contained in this press release including, but not limited to, those relating to the supply by the Corporation to LG of 7,000 metric tonnes per year of battery grade lithium hydroxide, constitute “forward-looking information” and “forward-looking statements” within the meaning of certain securities laws and are based on expectations and projections as of the date of this press release. Certain important assumptions by the Corporation in making forward-looking statements include but are not limited to the commissioning, ramping up and production of the Shawinigan plant.
Forward-looking statements contained in this press release include, without limitation, those related to (i) the start of supply, in October 2020, of 7,000 tonnes per year of lithium hydroxide by the Corporation to LG, (ii) the possible rescheduling of the commencement of the supply period, (iii) the establishment of a long-term commercial relationship between LG and the Corporation, (iv) the 33,000 tonnes/y capacity at the Shawinigan plant, and (v) generally, the above “About Nemaska Lithium” paragraph which essentially describes the Corporation’s outlook. Forward-looking statements are based on expectations, estimates and projections as of the time of this press release. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Corporation as of the time of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect.
Many of these uncertainties and contingencies can directly or indirectly affect, and could cause, actual results to differ materially from those expressed or implied in any forward-looking statements. There can be no assurance that the Shawinigan Plant will be brought to commercial production, as results from the Corporation’s project financing endeavors, as well as future events could differ materially what is currently anticipated by the Corporation.
By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that estimates, forecasts, projections and other forward-looking statements will not be achieved or that assumptions do not reflect future experience. Forward-looking statements are provided for the purpose of providing information about management's expectations and plans relating to the future. Readers are cautioned not to place undue reliance on these forward-looking statements as a number of important risk factors and future events could cause the actual outcomes to differ materially from the beliefs, plans, objectives, expectations, anticipations, estimates, assumptions and intentions expressed in such forward-looking statements. All of the forward-looking statements made in this press release are qualified by these cautionary statements and those made in our other filings with the securities regulators of Canada including, but not limited to, the cautionary statements made in the “Risk Factors” section of the Corporation’s Annual Information Form dated October 5, 2017 and the “Risk Exposure and Management” section of the Corporation’s quarterly Management Discussion & Analysis. The Corporation cautions that the foregoing list of factors that may affect future results is not exhaustive, and new, unforeseeable risks may arise from time to time. The Corporation disclaims any intention or obligation to update or revise any forward-looking statements or to explain any material difference between subsequent actual events and such forward-looking statements, except to the extent required by applicable law.
Further information regarding Nemaska Lithium is available in the SEDAR database (www.sedar.com) and on the Corporation's website at: www.nemaskalithium.com.
Lithium Demand Continues To Soar
https://etfdailynews.com/2018/07/04/lithium-demand-continues-to-soar-lit/
grow oranges in snow
Nebraska retiree uses earths's heat to grow oranges in snow
The amount of large hail coming from our skies is increasing day by day because of the grand solar minimum we are now in.Increased volcanic activity,earthquakes,floods and shortened growing seasons are all a part of the cooling cycle we just entered.Electromagnetic forces from the Sun affect the oceans,the atmosphere,magma and the weather on Mars.The process is intensifying quickly. Fact.PERIOD!
https://www.youtube.com/channel/UC6VhLE7qAeW8NZm6PsXGGrQ/videos
Oppenheimer Ranch Project covers all of it daily.Keep On Learning!
"Food insurance" is a must and it's inexpensive.But unless it's mandatory most will not insure their food needs in the best of times.These are not the best of times and risks are being ignored.The Titanic was required to have a specific number of lifeboats and it was in compliance.1,503 people did not make it on to a lifeboat and were aboard Titanic when she sank to the bottom of the North Atlantic Ocean at 2:20 a.m. on 15 April 1912.Institutions and individuals do not assess risk very well.Parents should protect their children.We should protect ourselves.We have car insurance,home insurance and health insurance but few have "food insurance" which is so cheap and important it boggles the mind how foolish we are.In a crisis food shelves in the local store can go empty in 3 days or less and stay empty for weeks.Make a plan and work the plan.Rotate and donate your "food insurance".It's easy and beneficial for all.If everyone did it there would be little danger of hunger or violence during a crisis.
Long Term Food Storage One Year $100
As of May this year, the green economy now holds roughly the same market share as the fossil fuel sector.
According to market analysts FTSE Russell, 6 percent of globally listed equity was derived from renewable and alternative energy, energy efficiency, water, waste and pollution services. This makes the ‘green economy’ worth approximately $4 trillion, roughly the same as the fossil fuel industry.
Earlier this year, fossil fuel giant British Petroleum (BP) published its yearly forecast for the global energy market and wrote that by 2040, if current trends continue, renewables will grow by 400 percent of their current amount.
https://safehaven.com/article/45639/The-Man-That-Predicted-The-Dotcom-Bubble-Has-Advice-For-Investors
Both stocks are heading towards $15.00 as XOM is dying and NMKEF is on the runway, fueled and ready to start flying.
IMO The new cooling climate cycle will jump start the pending die-off as it will create a more important energy crisis which is a food crisis.Peak Oil won't matter because the population will drop to a billion perhaps while at the same time transitioning to a post oil dominated economy.
This new Little Ice Age overrides Peak Oil.It is going to be quick.
Grains prices will likely rise four fold in just two years by 2020/2021 possibly which will destabilize the planet.
1/3 of the populace will be unable buy enough food.
This is when I expect man-made viruses to be released on the U.S. and it's friends in the first die-off.The biggest natural resource eaters will be targeted first(500 million dead in a few months per http://www.deagel.com/country/forecast.aspx ).This will drop demand for food and oil so there will be a recovery period followed by another crisis and another die-off and so on until a sustainable population is achieved.
Yep They should be selling Exxon and buying Nemaska.EOM
"Nemaska Lithium will soon become the largest producer of lithium hydroxide in the world"
Read more at http://www.stockhouse.com/companies/bullboard#wDqskkcJRmKYpQwx.99
http://www.stockhouse.com/companies/bullboard?symbol=t.nmx&postid=28169289
Billions of addicts to electronic gadgets of all kinds - cell phones, tablets, laptops - and fans of more and more electric cars can rest easy: their batteries can be recharged easily with the arrival of this new actor Quebec.
Lithium, alkali metal essential for the manufacture of rechargeable batteries, is described by many as the oil of the contemporary era.
By seeking to reactivate a nickel deposit in Nemaska, 300 kilometers north of Chibougamau and in the heart of Cree territory, Nemaska Exploration discovered a deposit rich in lithium, just when the attraction for this metal exploded.
"In 2008-2009, with the arrival of Tesla in particular, lithium became even more in demand. At the time, there were 250 mine projects in the world. But China dropped prices and only 10 projects remained active, "explains Guy Bourassa, CEO of Nemaska Lithium.
The Nemaska deposit and the development of an electrochemical technology to transform the ore into lithium hydroxide - which is used to manufacture the cathodes of rechargeable batteries - have enabled Nemaska Lithium to make a financial package just as audacious as that achieved for the Stornoway diamond mine project.
Nemaska Lithium became a publicly traded company in 2010 and was able to complete its first work thanks to a private placement with Ressources Qubec and the Cree Nation.
"We did several rounds of financing afterwards that attracted more than 20,000 retail investors. Our transformation process was developed with a pilot plant in Shawinigan. But there, it was necessary to give a big blow to ensure the construction of the mine and that of the processing plant ", exposes Guy Bourassa.
After more than a year of touring financial institutions around the world, Nemaska Lithium managed to raise $ 1.1 billion, of which $ 300 million will be used to build the infrastructure of the lithium mine in Nemaska and 500 million for the start-up of the Shawinigan processing plant.
"? We made a private placement of $ 80 million with Ressources Qubec, another $ 90 million with the Japanese group SoftBank and a public offering of $ 280 million.?- Guy Bourassa
"At the same time, we made a $ 350 million bond issue to which no fewer than 45 financial institutions in Britain, the United States and Asia have subscribed. Even the Norwegian green funds have embarked on the project, "says Guy Bourassa.
Finally, to close it all, Nemaska Lithium obtained $ 150 million on revenue sharing on its future sales.
In the end, Ressources Qubec is now the largest shareholder of Nemaska Lithium, with 12.9% of its capital, and SoftBank follows with a 9.9% stake. Forty percent of the business is owned by the general public investor.
The mine will begin operations in late 2019. One million tonnes of ore will be mined to produce 215,000 tonnes of lithium concentrate.
"This concentrate will be transported by rail to our plant in Shawinigan, which will be operational in the fall of 2020. The 215,000 tonnes of concentrate will produce 33,000 tonnes of lithium hydroxide that will be sold to our customers.
"We have firm agreements with four customers that account for 75% of our production. With our agreements in principle, 90% of our production is assured of a commercial outlet, "says the CEO.
By the time the Shawinigan plant is in operation and capable of producing its maximum capacity, Nemaska Lithium has committed to supplying a Chinese customer with lithium concentrate for a two-year period.
"We are going to be the biggest producer in the world. By the time we enter production, a new project with a capacity of 24,000 tonnes of lithium hydroxide will start, but we are talking about a production of 33,000 tonnes, "insists Guy Bourassa.
Once its cruising speed is reached, Nemaska Lithium expects to generate annual revenues of 500 million US and could consider increasing its production capacity.
"We developed an electrolysis process, for which we hold nine patents, which makes it possible to reduce the use of sulfuric gas by 75% in the process of transformation," Bourassa proudly adds.
A lawyer by training, Guy Bourassa has always been intimately associated with the mining world, for a long time in financing activities with the Bourassa Provencher Barrette office in Abitibi.
"We were responsible for 35% of all the shares of the mining sector in Quebec. For five years, we have filed an average prospectus per month, "he recalls.
He has also worked for several mining companies, including the positions of CEO of Monarque Resources, Radisson Mine and Dufresnoys. He was also corporate secretary of Mazarin.
High Power Charging Technology Charge in just a few minutes
The modular Phoenix Contact HPC system will be available starting in mid-2018
Phoenix Contact has developed the High Power Charging (HPC) technology which charges a battery for a distance of 100 km in just three to five minutes. At the heart of this technology is a high performance charging connector with intelligent cooling that enables a charging current of up to 500 A. With a 1000 V system voltage, this means a charging power of 500,000 W.
Charge in just a few minutes, thanks to extremely high charging currents
Efficient, environmentally friendly cooling system allows smaller cable cross sections
Extremely safe, thanks to continuous temperature and leak monitoring
Maintenance-friendly, thanks to components that can be replaced easily and a half-open cooling system
Fully compatible with the established Combined Charging System (CCS)
If you want cold weather fruit, look up
Saskatoon berries
Prairie Cherries
Both of the above will survive -40 winters
Guy has been buying this month.50,000 so far:
https://www.canadianinsider.com/company?menu_tickersearch=NMX%20%7C%20Nemaska%20Lithium%20Inc.
Tue, Jun 12, 2018 Guy Bourassa, president and CEO of Nemaska Lithium, discusses the company's plans for a lithium extraction mine in Quebec.
https://www.bnnbloomberg.ca/video/~1415842 7 min
Nemaska's upside potential is pretty much limitless.It could become the ExxonMobil of this century if management dreams big and uses its advantages now in place.The company has all the right stuff to become a blue chip energy company in a post oil world.So far they have shown they are innovators and capable of meeting goals.This team has the right stuff and is in the right place for a huge wealth building future.
"Food insurance" is a must and it's inexpensive.But unless it's mandatory most will not insure their food needs in the best of times.These are not the best of times and risks are being ignored.The Titanic was required to have a specific number of lifeboats and it was in compliance.1,503 people did not make it on to a lifeboat and were aboard Titanic when she sank to the bottom of the North Atlantic Ocean at 2:20 a.m. on 15 April 1912.Institutions and individuals do not assess risk very well.Parents should protect their children.We should protect ourselves.We have car insurance,home insurance and health insurance but few have "food insurance" which is so cheap and important it boggles the mind how foolish we are.In a crisis food shelves in the local store can go empty in 3 days or less and stay empty for weeks.Make a plan and work the plan.Rotate and donate your "food insurance".It's easy and beneficial for all.If everyone did it there would be little danger of hunger or violence during a crisis.Am I getting through to anyone? Hello? LOL
I loaded up @.76 the risk reward is fantastic.eom
$10-$20 oil by 2021 and no more $60 IMO.eom
$25,000-$30,000 lithium will rock lithium stocks.eom
Oil demand (and prices) set to drop dramatically as new technologies take hold
In the next 10 years the energy industry will see more change than it has in the past 100.
https://www.cnbc.com/2018/05/03/oil-demand-and-prices-to-drop-as-solar-wind-energy-take-hold.html
Lithium: The Oil of the 21st Century
https://www.wealthdaily.com/report/lithium-the-oil-of-the-21st-century/1449
New Tech Could Destroy Trillions In Fossil Fuel Investments By Oilprice.com - Jun 06, 2018
https://safehaven.com/article/45574/New-Tech-Could-Destroy-Trillions-In-Fossil-Fuel-Investments
https://www.cam.ac.uk/research/news/carbon-bubble-coming-that-could-wipe-trillions-from-the-global-economy-study
Pursuit of knowledge and understanding humans and the universe we live in has been my main focus in life.The normal paths of career,marriage and keeping up with the Jones's have been intentionally resisted thus I am "abnormal".I am a searcher and financial speculator trying to use acquired knowledge to predict future trends.War and peace,rise and fall of empires,climate cycles,anything and everything that may affect human behavior have been subjects of great interest.Belief systems,ideologies,cults,advertising,psychological warfare,hypnosis and mind control have been studied in my search.If knowledge is power and reading three books on a subject gives one an edge up and if "as you study you start noticing a trend in the things you read, you're probably becoming an expert in the subject" then what have I become?LOL
I'm not a genius that's for sure.
Am I wise?Not wise enough!
I studied homesteading a long time ago but I am not a homesteader.The risk taker in me keeps me in the danger zone.I'm glad you find my posts useful.
Cheers
Long Term Food Storage One Year $100
Nuclear power is going to overcome fear and ignorance just like marijuana is doing.Peak Oil isn't going to hit as hard as expected.The oil industry is dying and the transition off of oil is actually in view.Man's survival instinct seems to be driving the transition.The global warming lie has worked.The result is an energy transformation unimaginable to a Peak Oil mindset.EV demand will explode and there will be choke points but it looks unstoppable.
The impact of the transition to EV is comparable to the use of the moving assembly line.It will likely hasten the peak of oil demand and a new nuclear power boom to meet the electric power needs of an EV world.Nemaska is going to be a long term cash generating machine.The potential growth for this company is fantastic.They could expand into uranium mining if they see what I see.
IMO $5-10 is an optimistic and realistic target area for 2019 based on current information.Expectations will rise and fall and bubble mania will likely develop at some point 5-10 years out which could drive the price to the moon,perhaps $50-100(2025-2030) is possible at the top.Enjoy the ride.
Paradigm shift from Peak Oil to Peak Oil Demand?
"Get Ready for Peak Oil Demand" By Lynn Cook and Elena Cherney
Updated May 26, 2017
https://www.wsj.com/articles/get-ready-for-peak-oil-demand-1495419061
"The world’s largest oil companies are girding for the biggest shift in energy consumption since the Industrial Revolution: After decades of growth, global demand for oil is poised to peak and fall in the coming years.
"New technologies that improve fuel efficiency are starting to push down the amount of gasoline and diesel that’s needed for transportation, and a consensus is growing that fuel demand for passenger cars could fall as carbon rules go into effect, electric vehicles gain traction and the internal combustion engine gets re-engineered to be dramatically more efficient. Western countries’ growth used to move in lockstep with their energy consumption, but that phenomenon is starting to decouple in advanced economies."
..."some big European producers predict that a peak could emerge as soon as 2025 or 2030, and they are overhauling their long-term investment plans to diversify away from crude oil. Royal Dutch Shell PLC and Norway’s Statoil SA are placing bigger bets on natural gas and renewables, including wind and solar."
"The idea that electric vehicles and alternative forms of energy will increasingly displace crude oil is one that big-name investors are starting to ask about."
“We have lots of clients in the financial sector asking about peak demand,” says Linda Giesecke, research director at Wood Mackenzie, an energy consulting firm. “It’s because you have this threat of disruptive technology” such as electric vehicles, she says. “If it is disruptive, it will come fast. That’s why it’s so hard to forecast.”
"Historically, producing crude oil has been a growth industry, if a cyclical one, with energy demand moving in step with economic output. Since 1965, global oil consumption has increased from 30 million barrels a day to nearly 95 million.
"During those decades, companies built strategic plans around the assumption that they would always need to find more oil, and analysts obsessed over whether there would be enough crude in the ground to fuel growth. When oil hit its high over $147 a barrel in the summer of 2008, some of the run-up was fueled by concern about hitting maximum output, or so-called peak oil, the point at which normal declines in output from producing oil fields outpace the industry’s ability to develop new supply.
"New perspective
Now, peak-oil theory has been turned on its head, and forecasting peak demand has taken center stage.
"Some companies, particularly European energy outfits, see the tipping point coming soon enough that they are talking about it publicly, and overhauling their long-term investment plans to accommodate a greater emphasis on natural gas and renewables. Shell and Statoil say peak oil demand could come as soon as the mid-2020s"
"Outside of efficiency gains, which even peak-demand naysayers acknowledge are coming, the biggest “X” factor is how widespread electric-vehicle adoption will be. Transport fuel accounts for about 50% of the demand for crude oil, with cars accounting for half of that; that means 25% of total oil demand hinges on autos."
"Statoil Chief Economist Eirik Wærness says expectations of higher electric-vehicle adoption are the main reason that his company’s peak-demand forecast of 2030 is earlier than BP’s. Statoil has shifted its long-term investment portfolio to reflect its forecast of demand peaking around 2030."
..."policies around the world stand to have a major impact on the fuel mix. Globally, carbon intensity and energy intensity have already peaked and will trend down through 2035, according to a Wood Mackenzie analysis. But many analysts say the Paris Agreement to limit global warming is just the beginning. And some companies are starting to plan accordingly.
“To us, it’s real,” says Statoil’s Mr. Sætre. “The future has to be low carbon.”
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"Will oil demand start to fall in ten years?" By Luca Longo
https://www.eniday.com/en/technology_en/oil-demand-fall
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"HOUSTON — The world's demand for oil could peak as soon as 2025 if nations keep to a global deal curbing greenhouse gas emissions, Royal Dutch Shell ..."
https://www.axios.com/shell-ceo-climate-deal-oil-demand-peak-7-years-4d2ff0d6-0940-411c-9479-aacfd0ea824f.html
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Wed 30 May 2018 "Electric vehicles will grow from 3 million to 125 million by 2030, International Energy Agency forecasts"
https://www.cnbc.com/2018/05/30/electric-vehicles-will-grow-from-3-million-to-125-million-by-2030-iea.html
Wed 30 May 2018 "Electric vehicles will grow from 3 million to 125 million by 2030, International Energy Agency forecasts"
https://www.cnbc.com/2018/05/30/electric-vehicles-will-grow-from-3-million-to-125-million-by-2030-iea.html
Jun 1 2018 "Nemaska Lithium Finally Out Of The Gate" David Monus
https://seekingalpha.com/article/4178816-nemaska-lithium-finally-gate
Excerpts:
Summary
Nemaska completes US$849M (C$1.1B) financing package.
Spodumene sales start Q4-2019.
Electrochemical Plant starts commercial operation mid-2020.
Forecastannualized operating cash flow, and free cash flow (FCF) in first full year ofcommercial operation of US$293.7M.
The remainder of this report will utilize the 2018 PFS and recently completed financing in order to develop a valuation for the company.
2018 PFS Summary
NMX released its 2018 PFS on January 9th, 2018. This document would form the basis for NMXs financing requirements. This was an update of the prior 2016 PFS.
The table below provides a summary of the key figures from the 2018 PFS highlighted in NMX's most recent corporate presentation (May 2018).
Cash Flow Projection – Base Case
The next step in this analysis is to prepare a base case cash flow projection for NMX when both the mine and Electrochemical Plant are fully operational (approximately second half of 2020). The remainder of this analysis is based on ANNUALIZED production volumes and cash flows for the first FULL year of operations.
The table below summarizes the operating cash flow projection for the first full-year of operations using base case assumptions, is US$293.7M or US$0.31/share.
In terms of production volume sensitivities, the table below provides the operating cash flow projections assuming incremental capacity expansion. This analysis assumes the base case average revenue of US$13,000/t and the average operating cost of US$3,100/t (but does not include incremental capex in the mine and in additional electrolysis cells - which could be funded with free cash flow assumed in the PFS base case).
Share Price Projections and Sensitivities
The analysis immediately above provided operating cash flow projections for various production volumes and product market prices separately. Now, share price projections are calculated for various combinations of future product price assumptions and production volumes and cash flow multiples of: 7.5x, 10x and 12.5x. Note that the following share price projections are assumed to be at the point in time when Nemaska is in full operation (mid-2020).
Conclusions
This analysis indicates that NMX’s operating cash flow will be running at an ANNUALIZED rate of US$293.7M/year, or US$0.31/share, when operating at full capacity in late 2020. Assuming a 10x cash flow multiple, this translates into a future share price of US$3.10/share. Some investors may wish to discount this future estimated share price, at say a discount rate of 10%/year, which translates into a present value of US$2.44/share.
Long-term investors should focus on a company’s FCF generation capabilities since FCF permits management the flexibility to do all or any of the following shareholder friendly activities: share buybacks, repurchase debt, paying a dividend, funding capex, and finding acquisitions.
Investors should note that the operating cash flow will approximate FCF (since sustaining capital needs are forecast to be very low in the first few years, and the combination of tax loss carry-forwards and currently low income tax rates for mining companies in the province of Quebec, will lead to minimal cash income tax payments in the first few years).
Accordingly, with its first full year operating cash flow, NMX could repurchase up to US$293.7M, or 84% of its outstanding bonds! Practically speaking, NMX could be essentially debt-free by the end of its second year of full operations.
In addition, it is noteworthy to mention that NMX has announced the sale of 100,000-140,000 tonnes of spodumene concentrate starting in Q4-2019 at a formula-driven market price. The table below provides the calculation of the operating cash flow resulting from this sale.
This translates into an operating cash flow of approximately US$95M. Since NMX’s financial forecast and financing did not incorporate the cash flow generated by the sale of the spodumene concentrate, these funds could also be used to pay down the outstanding debt.
Note this analysis did not include two other potential sources of revenue for NMX. First, if it expands beyond its 33,000 t/y plant capacity, it could have spare capacity to contract mill spodumene for competitors. Second, due to its favourable operating costs, NMX may have the opportunity to license its patented electrochemical process to competitors.
In conclusion, NMX looks well positioned to participate in the growing demand for battery-grade lithium carbonate and lithium hydroxide. For a start-up mining enterprise it fortunately has several attractive features, including: fully-funded through to production, proven patented low-cost manufacturing, mining and milling assets located in of the most mining friendly jurisdictions in the world, vertical integration, very large high-quality 2P reserves, excellent transportation infrastructure, access to some of the lowest-cost electricity in the world, support from the Province of Quebec (both direct equity and debt), as well as off-take agreements for more than 75% of its planned production.
Investors should not underestimate that the company will be free cash flow positive before its first full year of operations, which is very remarkable for a commodity-based start-up. Base case economics indicate that the stock is attractively priced and offers incremental attractive upside potential should the company add capacity in the future and/or lithium hydroxide and lithium carbonate market prices prevail above the US$13,000 assumed in base case.
Disclosure: I am/we are long NMKEF.
News:Québec investing $130M in Nemaska Lithium
http://www.greencarcongress.com/2018/06/20180601-nemaska.html
01 June 2018
The Québec government is investing a total of $130 million ($80 million in capital stock and $50 million in bonds) as part of a $-1.1 billion financing effort to commission a spodumene (lithium ore) mine at Nemaska, 300 km north of Chibougamau in Eeyou-Istchee James Bay territory. In addition, a commercial lithium hydroxide and carbonate plant will be built in Shawinigan, Mauricie.
Following this investment, Ressources Québec, acting as agent for the government, will increase its stake in Nemaska Lithium to nearly 13%.
In April, Nemaska Lithium announced that it had entered into an investment agreement with Japan-based SoftBank Group Corp. under which SoftBank will acquire up to 9.9% of Nemaska Lithium’s outstanding common shares. (Earlier post.)
It is expected that construction and commissioning will be completed within 15 months for the mine, and approximately 24 months for the commercial plant.
Spodumene ore from the Whabouchi mine will be converted to value-added lithium salts (hydroxide and lithium carbonate) and then sold primarily to manufacturers of cathode materials for rechargeable lithium-ion batteries. One of these suppliers is located in the Montreal area, which could ensure that the entire value chain is located in Québec, the government said.
Nemaska Lithium will use a novel and patented electrochemical process that will produce lithium salts by membrane electrolysis, which generates products of high purity. In addition, this innovative electrochemical process, which is more efficient and more economical than the traditional manufacturing process, will use Québec’s hydroelectricity, thus further reducing its carbon footprint.
Thanks to Nemaska Lithium’s innovation, this project will have a significant structuring effect because it will facilitate access to lithium products for manufacturing companies that specialize in the manufacture of batteries for electric vehicles. By developing technologies related to the electrification of transport, the company joins the guidelines of the 2015-2020 Transport Electrification Action Plan, which aims in particular to reduce the carbon footprint of the transport sector.
—Dominique Anglade, Deputy Prime Minister, Minister of the Economy, Science and Innovation and Minister responsible for the Digital Agenda
Founded in 2007, Nemaska Lithium is a vertically integrated development company, from spodumene mining to the commercialization of high purity lithium hydroxide and carbonate. Its head office is located in Québec, while its activities are located in Shawinigan and the Whabouchi mine on the Eeyou-Istchee James Bay territory.
Posted on 01 June 2018 in Batteries, Canada, Materials
News:Nemaska Lithium Welcomes New Directors
https://ih.advfn.com/p.php?pid=nmona&article=77575427&symbol=TSX:NMX
Nemaska Lithium Inc. (“Nemaska Lithium” or the “Corporation”) (TSX:NMX) (OTCQX:NMKEF) (FRANKFURT:N0T) is pleased to announce that, in connection with the completion of its project financing structure announced on May 30, 2018 and in accordance with terms of investment agreements with Ressources Québec (“RQ”) and SoftBank Group Corp. (“SoftBank”), its Board of Directors welcomes two new directors:
• Patrick Godin, Chief Operating Officer and director of Stornoway Diamond Corporation (“Stornoway”) as RQ representative; and
• Shigeki (Sean) Miwa, General Manager, CEO Project Office, of SoftBank, as representative of that organisation.
RQ Representative
As part of the private placement entered into with RQ, for as long as RQ holds at least 10% of the issued and outstanding common shares of the Corporation, the Corporation undertook to ensure: a) that one nominee for election to the board of directors of the Corporation shall be designated by RQ and to solicit proxies in order that all nominees proposed by management, including the RQ representative, be elected as directors of the Corporation; and b) at any other time when the RQ representative does not serve on the Corporation’s board of directors (for example, because of resignation, dismissal or non-election), to appoint another person designated by RQ as RQ representative on the board of directors.
Mr. Godin joined Stornoway as Chief Operating Officer in May 2010 and was appointed director in October 2011. He has had overall responsibility for the development of the Renard Project up to commercial production and now oversees operations. Prior to joining Stornoway, he was Vice President, Project Development for G Mining Services Inc. and was responsible, in such capacity, for the development of the Essakane Mine in Burkina Faso, as contractor for Iamgold Corp. Prior to that, he was Vice President of Operations for Canadian Royalties, heading the development of its nickel project in Northern Québec. Prior to that, he was President and General Manager of the French subsidiary of Iamgold (originally Cambior Inc.) that was developing the Camp Caïman gold project in French Guiana, after having held positions of increasing management responsibility within Cambior. Mr. Godin holds a bachelor degree in Mining Engineering from Université Laval (Québec) and is a member of the Ordre des Ingénieurs du Québec and of the Collège des administrateurs de sociétés. He is a director of Mason Graphite Inc.
SoftBank Representative
Mr. Miwa holds several positions concurrently within SoftBank, including Representative Director & CEO of SB Energy Corp. (from 2017) and General Manager – CEO Project Office (from 2016), in addition to being a Board Member of the Renewable Energy Institute (from 2014), Representative Director & CEO of Bloom Energy Japan Ltd. (from 2013) and director of Clean Energy Asia LLC (from 2012). Prior to joining SoftBank in 2011, he worked for Mitsui & Co. Ltd. From 1991, mainly in the natural resources and energy sector, and was based in Tokyo, Sydney and Brisbane, Australia. Mr. Miwa graduated from Waseda University in Tokyo with a B.A. in History, received a Master of Financial Management from Macquarie University in Sydney, and completed the General Management Program at Harvard Business School in Boston, USA.
Michel Baril, Chairman of the Board of Nemaska Lithium, commented: “We are very happy to have Patrick and Sean joining us as directors. Patrick’s significant experience as seasoned executive in project development, operations management and also as a director of publicly-held companies will prove a great addition to the Corporation, especially at this juncture of its development. We are equally looking forward to benefitting from Sean’s remarkable and vast experience, on a global basis, in the energy and natural resources sector, which should prove an excellent fit with our organization.”
The Corporation also reports on the following grant of stock options as follows:
• 6M options to 6 independent directors;
• 9,5M options to the CEO and 3 officers; and
• 3,85M options to 9 managers.
All above-listed options were granted under the following terms:
• Each stock option confers the right to its holder to purchase one (1) common share of the Corporation at a price of CAD $1.04, being the higher of:
The closing price of one common share of the Corporation on the TSX as of May 29, May 30 and May 31, 2018; and
CAD $1.00 (being the offering price of the last public offering, as announced on May 22, 2018);
• Each stock option expires as at May 29, 2023;
• Stock options granted to each independent director are vesting immediately; and
• Stock options granted to officers and managers vest in ten (10) equal tranches every three (3) months, starting as of today.
Nemaska Lithium Inc profile:
https://investingnews.com/company-profiles/nemaska-lithium-mining-processing-whabouchi-quebec-deposit/
This profile is part of a paid investor education campaign.*
Overview
Nemaska Lithium Inc. (TSX:NMX,OTCQX:NMKEF) is building one of North America’s richest and largest hard rock lithium mines and lithium salts (LiOH and Li2CO3) processing facilities through a unique deposit in Nemaska and a state-of-the-art electrochemical plant in Shawinigan, both located in the province of Quebec, Canada. The project is permitted making it one of the next fully integrated lithium salts suppliers in the world.
Once in commercial production, Nemaska Lithium is projecting to be one of the world’s lowest cost producers of lithium hydroxide and lithium carbonate (source – NI43-101 compliant feasibility study of January 8, 2018).
Currently Nemaska Lithium expects to complete its project financing in Q2 2018 and has a 12 month construction and commissioning time for the mine and 24 months for the electrochemical plant. Qualification of Nemaska Lithium’s lithium salts with key customers began in 2017 through its Phase 1 Plant which is producing commercial lithium hydroxide samples for customers.
Investment Highlights
Vertically integrated lithium project
High-quality spodumene concentrate produced at the mine site is transported directly to the electrochemical plant in Shawinigan, which generates high-purity lithium hydroxide and lithium carbonate.
North America’s richest and one of the largest reserves of Lithium Spodumene in the world
37 MT Proven and Probable Reserves for an initial 33 year mine life
Forecasted to be the lowest cost producer of lithium hydroxide worldwide
Proprietary chemical process uses electrolysis. With electricity being the main input cost, which is $0.05 kWh in Quebec, the costs low and predictable
Vertical integration is a key factor in keeping costs minimal
Closest near-term lithium hydroxide/lithium carbonate producer (fully permitted)
Phase I Plant: on-going operations to produce commercial lithium salts samples
12 month constructing and commissioning of Commercial Mine, Concentrator
24 month construction and commissioning of electrochemical plant
In-house experienced management, technical, construction and plant start-up teams
Key stakeholder support
Supported by the Quebec and Canadian governments through $26M in funding and future project investment.
The Cree Nation of Nemaska has independently acquired approx. 3% of the outstanding common shares.
World-class customers – offtake agreements in place
Excellent lithium market macros — demand outpacing limited supply
Lithium hydroxide is the chemical compound of choice for battery manufacturers such as Tesla and Panasonic due to higher power density, longer lifecycle and enhanced safety features
Whabouchi Project
Whabouchi Lithium Mine
Nemaska Lithium will mine its own source of lithium, which is the 100% owned. The Whabouchi Lithium mine is located in northern Quebec Canada. Controlling the raw material provides a cost advantage over the Chinese producers who are sourcing their concentrate from mines in Australia through contracted prices, not at cost, as is the case for Nemaska Lithium.
Location
Located roughly 300 kilometers from Chibougamau, Quebec, the Whabouchi Property is made up of one block totaling 33 claims over 1,761.9 hectares. The property features significant grades and volumes of spodumene hard rock lithium. Nemaska Lithium plans to develop the project as a combined open pit and underground. The underground mine will be developed at the end of the open pit life around year 24.
Infrastructure:
Whabouchi benefits from its proximity to existing infrastructure, as there has been a significant amount of development by Hydro-Quebec in the area. The site has year-round road access via the Route du Nord, the daily serviced Nemiscau Airport, the Relais routier Nemiscau camp (lodging facility) and a local workforce comprised of Cree community members. Whabouchi is also in close proximity to a network of powerlines with two hydro-electric power stations within 20 km.
Exceptional characteristics:
High grade proven and probable reserve in the world
The Whabouchi project contains proven and probable reserve of 24 million tonnes of 1.53% lithium oxide (Li2O) for the open pit and proven and probable reserves of 13 million tonnes at 1.16% Li2O for the underground mine. This is the highest grade proven and probable reserve in North America, second highest in the world, as well as the largest proven reserve known.
Easily mined open pit
Low strip ratio
2016 Feasibility Study conclusions:
Expected Mine Life and Payback Period: 33 years with 2.9 year payback period
NPV: $3.3B (US$2.5B) 8% Discount (pre-tax) / $2.4B (US$1.8B) 8% Discount (after tax)
Life of Mine Revenue: $19.2B (US$14.8B) (average of $581M/yr for 33 years)
Mine Site Progress To Date:
The mine will consist of an open pit, crushing plant, the concentrator, mobile shops, laboratory, warehousing, and administrative offices. Thirteen kilometers of electrical line from substation has been built and the hook up to the mine is complete. The commercial concentrator building has been erected and on-site access roads are built. Detailed engineering and site mine plan are complete.
Timeline:
From the point of financing, construction and commissioning of mine and concentrator will be completed in 12 months.
Hydromet Plant
Nemaska Lithium has constructed and developed a Phase 1 Plant in 2016/17. The plant is a 1/65 scale demonstration plant. The facility transforms spodumene concentrate from the Whabouchi Mine into high-purity lithium hydroxide. Commercial samples are then sent to large end users in the lithium battery industry for qualification process.
The goal of Nemaska Lithium’s Phase 1 plant is to qualify its products with end users and sign off-take agreements while constructing of the commercial Hydromet plant, which will also be located in Shawinigan next to the Phase 1 Plant.
Proprietary Lithium Hydroxide Production Process
The commercial plant will use Nemaska Lithium’s proprietary, patent-pending membrane electrolysis process to produce high-purity lithium hydroxide and lithium carbonate at a rate of 33,000 tonnes per year. This process was modified from an industrial process used for years in the chlorine alkali industry. The key operating cost of this method of production is electricity, which in Quebec is contracted long term for $0.05 kWh, giving Nemaska Lithium visibility into its cost structure over the life of the project.
Phase 1 Plant Progress to Date:
The operating Phase 1 Plant has successfully produced lithium hydroxide from Whabouchi spodumene concentrate, demonstrating Nemaska Lithium’s ability to produce lithium hydroxide and also enabling the qualification of products with customers and off-takers.
Battery grade lithium hydroxide solution has been delivered to Johnson Matthey, who started to qualify Nemaska Lithium hydroxide with their customers. Additionally, lithium hydroxide monohydrate sample are expected to ship to about a dozen customers in Q2 2018.
Timeline
From the point of financing construction and commissioning of commercial electrochemical plant will be completed in 24 months.
Social and Environmental Impact
Nemaska Lithium is committed to a low carbon footprint, environmentally responsible production model throughout its process from concentrate to finished lithium salts.
At both the Hydromet Plant and mine site, Nemaska Lithium has designed a project that takes into account the goal of minimizing the project footprint and recycling where possible.
Initiatives include:
Co-disposal of filter-pressed tailings with waste rocks at the mine site;
Almost-100% process water reuse at both sites,
Low GHG emissions due to use of electrolysis with hydroelectricity
Valorization of all side products with the result of having no waste at the Hydromet site.
In addition to a fly-in, fly-out program for mine workers, Nemaska Lithium is looking to employ local members of the Cree nation in order to increase economic benefits for the local community.
Importantly, Nemaska Lithium’s mine plan does not encroach on any lakes or rivers. Overall, the small pit size and low-strip ratio of the project will make Whabouchi a relatively low-impact mine.
Whabouchi is expected to be a low-cost producing mine due to its low-strip ratio. This low amount of waste material will allow for a smaller mining pit and waste pile, keeping Nemaska Lithium’s environmental footprint small and respecting the environmental wishes of the nearby Cree population.
With regards to tailings and waste rock management, best economically and technically available technologies have been integrated to project design so that filter-pressed tailings will be produced at the mine site to be co-disposed with waste rocks on a dedicate pile. Such method enables high process water and reagents reuse rates in the concentrator as well as the absence of dyke/dam required to store tailings and therefore no risk of dam failure. Moreover, filtered tailings can be progressively revegetated, i.e. before mine closure, as the mine is still in operation.
Nemaska Lithium’s processing method for converting spodumene concentrate into lithium hydroxide uses electrolysis. Quebec’s energy comes from low-cost, renewable hydro-electricity, making Nemaska’s lithium products one of the greenest in the industry. The deposit at Whabouchi also features fewer impurities such as mica, sodium and potassium than amounts commonly found in other lithium deposits. This translates into a simpler processing for a higher quality end product.
Financing and Off-take Agreements
Offtake Agreements
Nemaska Lithium has secured world-class off-take partners by entering into agreements with FMC, Johnson Matthey, Northvolt and Softbank. The various groups have given the project key endorsements through off-take contracts, product qualification and financial support.
Multi-year contracts for quantities account for ~80% of annual production.
Project Financing
Nemaska Lithium launched its project financing in April 2018, with a plan to raise up to USD775-825M to fund the construction, commissioning, working capital and reserve funds for its Whabouchi lithium mine and Shawinigan electrochemical plant.
To date the following has been launched and or completed:
Signed a USD 150M streaming agreement with Orion Mine Finance
Closed a bond offering of senior secured callable bonds on a private placement basis of up USD 300-350M
Signed private placement for up to CAD 99M with SoftBank Group Corp. to hold no more than 9.9% of the shares outstanding once the Project Financing is completed. In addition, Softback has the right of first offer on up to 20% of Nemaska Lithium’s products.
Balance to be raised in equity or debt. A base shelf prospectus has been filed
Managment
Guy Bourassa – President and Chief Executive Officer, Board Member
Mr. Bourassa is President and CEO of Nemaska Lithium Inc. since the Company’s inception in 2008, bringing more than 30 years of experience in the mining industry to this role. Among other things he was instrumental in identifying and negotiating the acquisition of the Whabouchi lithium property and securing over $150 million through different types of financing to develop the Whabouchi project. Through his leadership, the Company brought an historical lithium showing to a world class deposit and has developed new innovative processes of producing high purity lithium hydroxide and lithium carbonate, which should allow Nemaska Lithium to become a world leader in these lithium salts markets. Mr. Bourassa is a recognized industry expert on lithium exploration and development and has spoken at numerous national and international conference. Throughout his career, Mr. Bourassa has been involved in exploration and mining companies as President and CEO, legal counsel and in-house corporate counsel and director. These companies were producers of gold, copper, calcite and dolomite. Mr. Bourassa holds a law degree from Université Laval.
Steve Nadeau, CPA, CGA – Chief Financial Officer
Professional accountant for more than 22 years, Steve Nadeau is a member of the CPA, CGA Association of Québec as well as the CGA Association of Canada since October 1998. Prior to joining the company as Chief Financial Officer in May 2008, Nadeau held several senior financial positions at companies producing products related to the granite industry, electronics and automotive field as well as companies involved in the maritime transport and warehousing. He is also Chief Financial Officer of Monarques Resources since March 2011.
Marc Dagenais – Vice President, Legal Affairs & Corporate Secretary
With more than 25 years of national and international mining experience, Mr. Dagenais is responsible for the leadership and management of the overall legal affairs and corporate governance matters of Nemaska Lithium. In addition, Mr. Dagenais actively contributes to strategic planning and other key corporate functions. Prior to joining Nemaska Lithium, he headed legal affairs for Graymont Limited and Cambior Inc. (now part of Iamgold Corporation), as well as for the African Region of Kinross Gold Corporation (being based overseas). He holds bachelor degrees in Law from Université de Montréal and Management Accounting from UQAM.
Chantal Francoeur – Vice President, Human Resources and Organizational Development
Ms. Francoeur brings more than 25 years of human resources experience in the mining industry, both in Canada and internationally. During her career, Ms. Francoeur attracted and assembled the necessary teams required to build three mines. Most recently she was Vice President of Human Resources and Communications for Koniambo Nickel, a large scale nickel operation in New Caledonia. At Nemaska Lithium, Ms. Francoeur leads the development, implementation and execution of all aspect of HR services; including attracting, developing and retaining the necessary talent to achieve Nemaska Lithium’s goal of becoming a lithium salts producer.
Jean Francois Magnan, Eng. M.Sc. – Technical Manager
Jean Francois Magnan is a professional engineer with more than 20 years of experience in the metallurgical industry. During his career, he held several positions within the lithium industry including: R&D Advisor, R&D Project Manager, Consultant and Quality Control Metallurgist. He also acted as Project Manager for Phostech Lithium in 2000 and 2001. He will work closely with Nemaska Lithium’s technical consultant, Gary Pearse, on the technology implementation as well as playing an active role in securing new contracts for Nemaska’s lithium products. Magnan is the author/inventor of several patents in the lithium rechargeable batteries field. He holds a Master’s Degree in Materials Engineering from Laval University (2000).
Michel Baril, Eng. – Chairman
A mechanical engineer with over 30 years of experience in management, Michel Baril is the former President and Chief Operating Officer of Bombardier’s Recreational Products division and former Executive Vice-President of Bombardier Transportation. He currently serves as a senior executive at Raymor Industries Inc., and as a director of numerous public and private companies.
Paul-Henri Couture – Director
Paul-Henri Couture has over 35 years of experience as a financial management and investment professional. He has held senior positions at the Caisse de dépôt and placement du Québec and at Sentient Asset Management Canada. During his tenure at the Caisse, Couture led a team responsible for a $3-billion investment portfolio with a focus on financial institutions and natural resources sectors. While at the Caisse, Couture also launched two innovative mining funds: Groupe Sodémex and MinQuest Capital. He built and developed a $3-billion portfolio in turnarounds and corporate restructurings. Couture is President of Minvest Capital, a business providing management and investing consulting services.
François Biron—Director
François Biron is a senior professional mining engineer with 40 years of experience in the mining industry. His extensive experience in mining operations has been developed through acting in several senior site-based positions with well-known international mining companies, and recently he has acquired experience in the executive management of a Canadian industrial minerals company. Biron has an entrepreneurial vision oriented towards business development and a perspective of industry growth with respect to the environment. He participated in the management of major open pit mines with the best operating standards to achieve goals and corporate objectives. Biron elaborate recently a new mining project in introducing the social acceptability concept and public consultations in the local communities where the project will be implement, based on the latest automation mining technologies and to improve the mining process.
René Lessard – Director
René Lessard is an independent sales consultant. He was the Sales Manager of Campagna Motors and also of T-Rex Vehicles for over 4 years. He also acts as a director of Monarques Resources.