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I'm thinking Crypto currency or MJ!
I'm thinking of adding more to my position if it drops much more. Getting interesting here.
Good investing all.
Thanks to everyone. I have been following this company since 2011ish and started buying in 2014 on the TSX. I'm holding for a while yet but starting to invest in other opportunities. I'm letting my Investements appreciate for a while or until I see something I don't like with Nemaska.
Happy investing
Woodtick
I have been in this since $0.11 and traded it along the way. I no longer need to work and loving life.
Im thinking he is still cleaning up the share structure. Lots of buying at $0.0001. The cleaner the better for anyone holding
Yes all small steps and considering where we were just a year ago things are falling into place rather quickly. I'm hoping to buy in some more before the big moves. Once they prove there process works and they sell there first production we should see a big jump in price. All my Opinion of course.
I have been in this company for about three years now and done very well. Made some profit and now looking to reinvest. This company is going places!
Good investing all
Woodtick
Nemaska Lithium Inc.
March 22, 2017
FMC Corporation Makes a US$10M Payment Per Lithium Carbonate Supply Agreement
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.
CONTACT INFORMATION:
Nemaska Lithium Inc.
Mr. Victor Cantore
Investor Relations
514 831-3809
victor.cantore@nemaskalithium.com
or
Nemaska Lithium Inc.
Ms. Wanda Cutler
Investor Relations
416 303-6460
wanda.cutler@nemaskalithium.com
www.nemaskalithium.com
Marketwired, 25 York Street, Suite 900, P.O. Box 403, Toronto, Ontario, M5J 2V5
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It is looking good...things are falling into place. Chart is priming for a breakout. Nemaska is almost a go!
You might want to do some research on what they hold. Last i read was they had to give up the properties because they couldn't make payments on it...
Ok?! for investors sake i hope so. Time will tell
Good investing all!
yUP exactly like i said. they need to raise roughly 500 million to start the mine. as stated by Dundee and all the Nemaska reports. The money has been raised for the Production facility but not for the mine. So Im expecting a ton of dilution at the start of next year.
Im just guessing but they have no money at the moment to build there mine and equipment. they project it will take about 500M to finance.
I don't know if you are working with older insider reports but there has been more big insider buys since then
Sep 1/16 Mimran, David Jacques Indirect Ownership Public market buy Common Shares 1.155 145,500 0.3% 53,704,635
Sep 1/16 Tablo Corporation Direct Ownership Public market buy Common Shares 1.155 145,500 0.3% 53,704,635
Aug 31/16 Mimran, David Jacques Indirect Ownership Public market buy Common Shares 1.138 342,900 0.6% 53,559,135
Aug 31/16 Tablo Corporation Direct Ownership Public market buy Common Shares 1.138 342,900 0.6% 53,559,135
Aug 30/16 Mimran, David Jacques Indirect Ownership Public market buy Common Shares 1.157 655,000 1.2% 53,216,235
Aug 30/16 Tablo Corporation Direct Ownership Public market buy Common Shares 1.157 655,000 1.2% 53,216,235
I agree with you...looking good and making good coin
That's all it would be is a shell at this point. Nothing left here!
it was in the PR. at market price unknown date.
You might want to do more research on that. Last time i did looked into it our almighty leader let them go...guessing couldn't afford to hold on to them.
Nice to see everything coming to fruition! nice share price increase!
yUP Been in this since 16.5c h happy i did. Huge potential upside here with blue sky breakout any day now. in Canada never traded about $0.66 and that is where we are sitting.
Im thinking all that is left is selling the shell. Nothing left to play with. Dried up all his sources of raising money. Made some bad choice with compensations. He prob came out of it with good money but left all bagholders dry. Just the kind of guy he is.
You might want to do your research as in What property?
You might want to do your research as in What property?
It's a dead company! Everybody left but nobody turned the lights off
if the other number doesn't work Jordan's work# 416-855-2124
or cell number 647-328-8267
Im giving you all these numbers because i lost a pile of money with this CEO.
According to my math is $700K
700M X 0.001 today price= $700000.00
Also tweeted huge news coming thursday...bring it on!
@CRyanSchadel #stoked to see what you have in store for us! $LTNC #boom https://t.co/RTkD1jJNeR
— Lindsay Gruschow (@happy2hire) January 9, 2016
With the price of lithium rocketing Nemaska will follow suit.
In industrial magazine
Chinese lithium prices jumped twice in October
By LAURA SYRETT, ALBERT LI
Published: Wednesday, 04 November 2015
Leading Chinese lithium carbonate supplier Ganfeng Lithium put up its prices for a second time in the space of a month last week, prompting industry peers to follow suit as rising demand for the material from the EV battery industry continues to support the market.
Chinese lithium producer Jiangxi Ganfeng Lithium Co. Ltd increased the price of its lithium carbonate last week, marking the second rise in a single month.
The company raised the sale value of its material by nearly 17%, from Chinese renminbi (Rmb) 60,000/tonne ($9,470/tonne*) to Rmb 70,000/tonne ($11,049/tonne), having previously upped the price from...
Haven't figured that one out yet. Seen it in the past as well. I'm thinking shorts are scared with close to 10M short I'm sure there is something to do with the drop.
Hey Dobie yes he screwed us all
Can you PM me your email because I can't private message you because I let my premium go.
TTYL
Woodtick
Stormcrow Capital: Positive rating and $0.54 target for NMX
According to Stormcrow Capital Limited:
https://app.box.com/s/sofc2789u49eucilzj8k4t8mc2f83ojs
NEMASKA LITHIUM INC.
Recommendation: Positive
Target: C$0.54
INITIATING COVERAGE
The New Wave of Battery Lithium Production
- Lithium and the Electric Car: The headline story behind expectations for growth in battery demand is the electric car, but even with pessimistic electric vehicle demand growth and the usual rate of electronic device uptake, lithium demand will likely outstrip supply by the end of this decade.
- New Sources Required: In many commodity markets, the incumbent suppliers can ramp up output to meet new demand. This is likely not the case in lithium, where brine projects are finding it difficult to obtain permission from governments to harvest more, and where hard-rock mines are depleting. New sources of lithium will be required.
- The Right Stuff: Not only will the world likely need more lithium, but to keep the costs of batteries down, it must be in the correct chemical form. The latest and greatest lithium batteries are most inexpensively produced from lithium hydroxide as a feedstock, instead of the lithium carbonate that has long been a mainstay product from brine and hard-rock mines alike.
- Time for Nemaska: Nemaska’s Whabouchi Project will use a well-trodden technology, membrane electrolysis, to convert hard-rock lithium ore to lithium hydroxide. This technology has already been proven in pilot-scale work in Canada, but the company plans to reduce time-to-market even further by building a Phase I commercial demonstration plant that will reduce commissioning time for the full commercial plant while providing qualification samples for customers. For the price, our analysis suggests this strategy is undeniably the right one.
- The New Wave: Lithium has long been the province of solar evaporation. But the price of lithium is likely to be driven higher with increasing demand, since the price of lithium is not the driving factor in battery cost. This is opening the field to new ways of producing lithium, and the industry is now abuzz with discussion of processing technology developed by Tenova-Bateman, POSCO and Nemaska. Nemaska is the cutting edge of this New Wave, and we are initiating coverage on Nemaska with a Positive recommendation.
Read more at http://www.stockhouse.com/companies/bullboard/nmkef/nemaska-lithium-inc#X9Kvjm5Z59Ea1PG6.99
Yup expecting it any day. Fully loaded and ready to go! I expect:
news on Permit
financing from Provincial Government. They are looking at 1 Billion in funding companies developing in Northern Quebec.
Thirdly expecting production contract with end user.
Im thinking all this is waiting on permit approval then away she goes.
Good investing all!
Speaking of shorts....it looks like 22% of outstanding are short. No wonder they are working hard at keeping it down. This is going to go parabolic when she decides to go in an uptrend.
Good investing all!
Nice volume in Canada today up 11%
Let the games begin! This is just starting!
Yes that is great news! Here we go. I imagine they have everything lined up to keep going forward including financing. Should be very interesting the near future. With the price of Lithium climbing it looks better and better everyday.
I do like the sounds of that. This Q should be good. I see already that they have increase spending into exploration but that should be good for us in the longrun.
2hr ago Mo posted on Instagram with person unknown to me states"close the deal" I'm expecting news with that
Yup not happy on this end. He Screwed the investors right over. Lined his pocket on the deal n running. I guess live n learn on our part.
Doing research again on Rimrock...and the whole reason i got into this co was for its lithium property in Quebec but now I see they have dropped all claims in the north...Not happy! oh well just a penny play here. Be careful here people...I smell a R/S coming. Jordan does have a nasty history of doing so.
So much for that pump which is suppose to come before the dump. This is a dead co. In my opinion of course