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Hi,
I don't understand you, my brother. You asked me for Tesla contact in China. I gave you the contact, you told me that you called Tesla and not just confirmed the partnership, but ZJMY was at Tesla's office in that same day you called. I then called and confirmed the same thing.
Technical Watch: SuperTrend Noted Below Stock Price for Weedhire International Inc (WDHR)
Posted by Katie Hansen on August 6, 2018 at 5:35 pm
Traders might be following the signals on shares of Weedhire International Inc (WDHR). After a recent look, we can see that the SuperTrend line is now below the current stock price. This signal may alert traders that the stock has possibly entered into sell territory.
Individual investors are constantly hearing about the next hot stock to buy. Acting purely on these types of tips can be hazardous to the portfolio if the research is not completed. Sometimes these stock tips will pan out and be correct, other times they can leave the investor wondering why they acted on the speculative advice. Even if a stock tip is correct, the results may have already been manifested and the investor would simply be getting in way too late. Knowing what information is reliable can drastically improve the chances of making smarter stock picks. Even the most praised stocks may not be able to withstand an overall market downturn.
Tracking other technical indicators, the 14-day RSI is presently standing at 0.00, the 7-day sits at 0.00, and the 3-day is resting at 0.00 for Weedhire International Inc (WDHR). The Relative Strength Index (RSI) is an often employed momentum oscillator that is used to measure the speed and change of stock price movements. When charted, the RSI can serve as a visual means to monitor historical and current strength or weakness in a certain market. This measurement is based on closing prices over a specific period of time. As a momentum oscillator, the RSI operates in a set range. This range falls on a scale between 0 and 100. If the RSI is closer to 100, this may indicate a period of stronger momentum. On the flip side, an RSI near 0 may signal weaker momentum. The RSI was originally created by J. Welles Wilder which was introduced in his 1978 book “New Concepts in Technical Trading Systems”.
We can also do some further technical analysis on the stock. At the time of writing, the 14-day ADX for Weedhire International Inc (WDHR) is 99.17. Many technical chart analysts believe that an ADX value over 25 would suggest a strong trend. A reading under 20 would indicate no trend, and a reading from 20-25 would suggest that there is no clear trend signal. The ADX is typically plotted along with two other directional movement indicator lines, the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI). Some analysts believe that the ADX is one of the best trend strength indicators available.
A commonly used tool among technical stock analysts is the moving average. Moving averages are considered to be lagging indicators that simply take the average price of a stock over a certain period of time. Moving averages can be very helpful for identifying peaks and troughs. They may also be used to assist the trader figure out proper support and resistance levels for the stock. Currently, the 200-day MA for Weedhire International Inc (WDHR) is sitting at 0.00.
Weedhire International Inc (WDHR) currently has a 14-day Commodity Channel Index (CCI) of 0.00. Active investors may choose to use this technical indicator as a stock evaluation tool. Used as a coincident indicator, the CCI reading above +100 would reflect strong price action which may signal an uptrend. On the flip side, a reading below -100 may signal a downtrend reflecting weak price action. Using the CCI as a leading indicator, technical analysts may use a +100 reading as an overbought signal and a -100 reading as an oversold indicator, suggesting a trend reversal.
Weedhire International Inc (WDHR)’s Williams Percent Range or 14 day Williams %R presently is at 0.00. In general, if the reading goes above -20, the stock may be considered to be overbought. Alternately, if the indicator goes under -80, this may show the stock as being oversold.
Defining specific goals and creating an overall stock trading strategy can be a big help for the individual investor. Some investors are only interested in buy and hold strategies, while others will opt to try and capitalize on short-term market movements. Investors may also decide to do a little bit of both. They may choose a selection of stocks that they plan on holding for a long time, and they may choose others that they plan on holding for only a short period of time. Whichever way the investor decides to go, they should be prepared to complete all the research. Whether they want to study the fundamentals, technicals, or both, finding quality stocks may be at the forefront of the search.
Source: https://cedarvillenews.com/technical-watch-supertrend-noted-below-stock-price-for-weedhire-international-inc-wdhr/91595/
Yes, Snuggy. When you're talking ZJMY the man has been always Han.
That's what Mr Han told me back in April when we met at his office. He emphasized about the swapping stations and asked me to have patience until his stock becomes fruitful. It's very good to see the news being broadcast all over China, as he told me last week. More news coming!
At least I can tell my friends that I have a stock that went up 500%, Snugs!
Nemaska Lithium Provides Project Update
QUEBEC CITY, Quebec, July 23, 2018 (GLOBE NEWSWIRE) -- Nemaska Lithium Inc. (“Nemaska Lithium” or the “Corporation”) (TSX:NMX) (OTC:NMKEF) is very pleased to provide a project construction update and development timeline for its Whabouchi Mine and Electrochemical Plant in Shawinigan. Moving forward, Nemaska Lithium intends to issue progress reports in conjunction with its quarterly and annual financial reporting.
Guy Bourassa, President and CEO of Nemaska Lithium, commented, “With the project financing structure completed on May 30th, our project construction and planning are on schedule at both locations and construction activities are increasing week by week. I am pleased that we are progressing according to plan and that we are on track to start producing spodumene concentrate in the second half of 2019 with lithium salts production commencing in the last half of 2020. Our conversations with end users suggest the market for battery grade lithium hydroxide and lithium carbonate remains very tight. Accordingly, we signed with LG Chem earlier this month our fourth supply agreement and we are currently negotiating the final terms of a fifth agreement with Northvolt and that puts us at more than 90% of our future lithium hydroxide and lithium carbonate production already committed. Our offtake contracts are multi-year agreements with several lasting for a period of up to 5 years. We are also actively marketing the Company to new and existing institutional shareholders with recent meetings in Asia, United States, London, Europe and Canada from which we have had much positive feedback.”
Further to the recent completion of a CAD1.1B project financing package, the Corporation has resumed work at the Whabouchi mine, has initiated the purchases of long lead items for both sites and is preparing the Shawinigan site for civil engineering work this summer. To assist in project execution, Nemaska Lithium has already retained the services of several outside engineering and consulting groups:
The Procurement and Construction Management (PCM) team of Nemaska Lithium is supported by Nardella Group who is responsible to maintain budget control and schedule;
ABB is providing the electrical equipment and electrical engineering services for both sites;
DRA Met-Chem is assisting with the mine and concentrator engineering design;
SNC-Lavalin is retained for the design of the tailings and waste co-disposal site; and
Hatch Engineering is providing engineering design assistance for the electrochemical plant.
Whabouchi Mine Construction
The mine construction has resumed and has a 12 to 15 months schedule, with concentrate production expected to commence in the second half of 2019. Prior to the most recent project financing, about CAD80M had already been invested in the Whabouchi site construction and preparation. Since the completion of the CAD1.1B project financing package, the following has been initiated, is partially complete or completed:
Key positions including Mine Geologist, Maintenance Director, Human Resource Director, Metallurgist, Director of Operations for the Concentrator and Mining Engineer have been hired and are working on the readiness plan to ensure seamless hand off from the Construction Team to the Operations Team.
Long lead items including ore sorting, floatation columns, ball mill and dry magnetic separator have been ordered. Engineering is also preparing requests for information for bids and completing technical bid evaluations on other equipment.
Civil works have resumed at the mine site and on-site roads are being completed, administrative offices are installed and are fully operational with full-time staff working at the mine site location.
Civil engineering work is underway for crushing and ore sorting buildings as well as the garage. In addition, civil works on the internal construction of the concentrator building including foundations and structural steel installation continues.
The power line to the mine site from the Nemiscau sub-station has been installed. Installation of the transformer and electrical room is underway and hook up to the grid is pending Hydro-Québec availability, which is currently scheduled for August 2018.
Nemaska Lithium is working closely with the Cree School Board and Cree Human Resources Development Corporation and training for mining jobs is currently ongoing, ensuring a large portion of the mine employees can come from the nearby Cree Community of Nemaska, supporting local communities.
Three photos accompanying this announcement are available at:
http://www.globenewswire.com/NewsRoom/AttachmentNg/2c3d8bd9-d9ad-48aa-acf3-22026364d96e
http://www.globenewswire.com/NewsRoom/AttachmentNg/211d1ec4-74db-418b-a0f4-03510a95797b
http://www.globenewswire.com/NewsRoom/AttachmentNg/42c33486-a5c6-4f47-9f5b-3d0097b1fa02
Electrochemical Plant Construction
The electrochemical plant has a 27 months construction schedule. Prior to the most recent project financing, close to CAD20M had already been invested for the Shawinigan site. To date, the following has been either initiated, partially completed or completed:
Civil works have commenced following the final demolition, by the former owner, of the obsolete buildings that were on the Nemaska Lithium property. With the demolition completed, civil engineering has started to prepare the building and site to receive equipment.
Detailed engineering is ongoing with several long lead items including the calciner, acid baking system, electrolyser, and crystallizer suppliers identified. Bids are expected to be awarded shortly for these priority items.
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/dde7fd0b-0d95-4dfd-8bec-a8086a66175b
About Nemaska Lithium
Nemaska Lithium is a developing chemical company whose activities will be vertically integrated, from spodumene mining to the commercialization of high-purity lithium hydroxide and lithium carbonate. These lithium salts are mainly destined for the fast-growing lithium-ion battery market, which is driven by the increasing demand for electric vehicles and energy storage worldwide. With its products and processes, Nemaska Lithium intends to facilitate access to green energy, for the benefit of humanity.
The Corporation will be operating the Whabouchi mine in Québec, Canada, one of the richest lithium spodumene deposits in the world, both in volume and grade. The spodumene concentrate produced at the Whabouchi mine will be processed at the Shawinigan plant using a unique membrane electrolysis process for which the Corporation holds several patents.
Nemaska Lithium is a member of the S&P/TSX SmallCap Index, S&P/TSX Global Mining Index, S&P/TSX Global Base Metals Index, S&P/TSX Equal Weight Global Base Metals Index, and the MSCI Canada Small Cap Index. For more information, visit www.nemaskalithium.com or twitter.com/Nemaska Lithium.
Cautionary Statement on Forward-Looking Information
All statements, other than statements of historical fact, contained in this press release including, but not limited to, those relating to the expected unfolding of activities at the Whabouchi mine and Shawinigan plant sites, constitute “forward-looking information” and “forward-looking statements” within the meaning of certain securities laws and are based on expectations and projections as of the date of this press release. Certain important assumptions by the Corporation in making forward-looking statements include, but are not limited to, the fulfillment of all conditions precedent to effectively complete the remaining components of the project financing being the Streaming facility and the Bonds offering, such that all proceeds from the CAD1.1B financing package will be received the Corporation.
Forward-looking statements contained in this press release include, without limitation, those related to (i) the 12 to 15 months mine construction schedule leading to the start of spodumene concentrate production in Q4 2019, (ii) the 27-month plant construction schedule leading to the start of lithium salts production in the last half of 2020, (iii) the market tightness for battery grade lithium hydroxide and lithium carbonate, (iv) the finalization of supply agreement with Northvolt, (v) the seamless transition from construction to operations, (vi) the Corporation’s future production of lithium hydroxide and lithium carbonate, (vii) the Corporation’s activities progressing in accordance to plan, (viii) the employment of a large portion of mine workforce coming from the Cree community of Nemaska, (ix) the award of bids shortly for priority items, and (x) generally, the above “About Nemaska Lithium” paragraph which essentially describes the Corporation’s outlook. Forward-looking statements are based on expectations, estimates and projections as of the time of this press release. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Corporation as of the time of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect.
Many of these uncertainties and contingencies can directly or indirectly affect, and could cause, actual results to differ materially from those expressed or implied in any forward-looking statements. There can be no assurance that the Whabouchi mine will be brought to commercial production, as future events could differ materially what is currently anticipated by the Corporation.
By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that estimates, forecasts, projections and other forward-looking statements will not be achieved or that assumptions do not reflect future experience. Forward-looking statements are provided for the purpose of providing information about management's endeavors to complete its project financing and, more generally, its 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.
Source: http://globenewswire.com/news-release/2018/07/23/1540462/0/en/Nemaska-Lithium-Provides-Project-Update.html
LG Chem and Nemaska Lithium Announce Signature of An Initial 5-Year Supply Agreement for Lithium Hydroxide
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.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Victor Cantore
Investor Relations
514 831-3809
victor.cantore@nemaskalithium.com
Wanda Cutler
Investor Relations
416 303-6460
wanda.cutler@nemaskalithium.com
Fanny-Ève Tapp
Media Relations
B. 514 935 2777 # 204
C. 514 442 0445
fanny-eve.tapp@nemaskalithium.com
www.nemaskalithium.com
QMC SIGNS NDA FOR LITHIUM MINERALIZATION TESTING
Vancouver, British Columbia, June 13, 2018 - QMC Quantum Minerals Corp., (TSX.V: QMC) (FSE: 3LQ) (OTC: QMCQF)
(“QMC” or "the Company") announces it has signed a non-disclosure agreement (“NDA”) with an Asian-based
manufacturing company which will allow them to test the Company’s lithium mineralization identified by recent channel
sampling of the Irgon Pegmatite Dike to see if it meets end-use requirements of the manufacturer’s customers.
Indicative of the NDA, the test results, proprietary specifications, and supplier’s identity will be withheld in order protect
both parties’ commercial interests. The Irgon Dike is located at the company’s 100% owned Irgon Lithium Mine Project,
within the prolific Cat Lake-Winnipeg River Pegmatite Field of S.E. Manitoba that hosts the nearby Tantalum Mining
Corporation of Canada (“TANCO”) rare-element pegmatite.
QMC is in the process of updating the Irgon Lithium Mine’s historic lithium resource through a detailed channel sampling
and subsequent drill program. This historic resource was reported in 1955 to be 1.2 million tons grading 1.51% lithiumoxide
over a strike length of 1,198 feet and to a depth of 700 feet. Recent assay results received from the 2017 channel
sampling program were very positive, supporting the original development work on the dike, highlighted by QMC
reporting results of 1.43% Li2O over 18 metres including 1.73% Li2O over 14 metres with very encouraging individual
sample grades of up to 4.31%, 4.0% and 3.05% Li2O over one-metre sample intervals. Following a complete reevaluation
of historic TANCO assessment reports by QMC, an additional target encompassing a large, untested lithium
soil anomaly, which strikes east-west across the southern part of the property, has been identified. Its strike length as
currently documented is over 3,600 feet with an estimated width of up to 1,150 feet at the western end. The Company
has recently hired SGS Canada (“SGS”) to provide technical support and consulting services for the QMC’s 2018 field
exploration and drilling program. SGS will also compile a NI 43-101 technical report expected to confirm and potentially
increase the currently non-NI 43-101 compliant historical resource.
HISTORICAL RESOURCE
Between 1953-1954, the Lithium Corporation of Canada Limited drilled 25 holes into the Irgon Dike and subsequently
reported a historical resource estimate of 1.2 million tons grading 1.51% Li20 over a strike length of 365 meters and to
a depth of 213 meters (Northern Miner, Vol. 41, no.19, Aug. 4, 1955, p.3). This historical resource is documented in a
1956 Assessment Report by B. B. Bannatyne for the Lithium Corporation of Canada Ltd. (Manitoba Assessment Report
No. 94932). This historical estimate is believed to be based on reasonable assumptions, and neither the company nor
the QP has any reason to contest the document’s relevance and reliability. The detailed channel sampling and a
subsequent drill program will be required to update this historical resource to current NI 43-101 standards. Historic
metallurgical tests reported an 87% recovery from which a concentrate averaging 5.9% Li2O was obtained.
During this historical 1950-era work program, a complete mining plant was installed onsite, designed to process 500
tons of mineralized material per day, and a three-compartment shaft was sunk to a depth of 74 meters. On the 61-
metre level, lateral development was extended off the shaft for a total of 366 meters of drifting, from which seven
crosscuts transected the dike. The work was suspended in 1957 awaiting a more favourable market for lithium oxides,
and, at this time, the mine buildings were removed.
The mineral reserve cited above is presented as a historical estimate and uses historical terminology which does not
conform to current NI43-101 standards. A qualified person has not done sufficient work to classify the historical
estimate as current mineral resources or mineral reserves. Although the historical estimates are believed to be based
on reasonable assumptions, they were calculated prior to the implementation of National Instrument 43-101. These
historical estimates do not meet current standards as defined under sections 1.2 and 1.3 of NI 43-101; consequently,
the issuer is not treating the historical estimate as current mineral resources or mineral reserves.
Qualified Person and NI 43-101 Disclosure
The technical content of this news release has been reviewed and approved by Bruce E. Goad, P. Geo., who is a qualified
person as defined by National Instrument 43-101.
About the Company
Suite 600 - 666 Burrard Street, Vancouver, British Columbia V6C 2X3
Tel: (604) 601-2018 I email: info@qmcminerals.com I web: www.qmcminerals.com
QMC is a British Columbia based company engaged in the business of acquisition, exploration and development of
resource properties. Its objective is to locate and develop economic precious, base, rare metal and resource properties
of merit. The Company’s properties include the Irgon Lithium Mine project and two VMS properties, the Rocky Lake and
Rocky-Namew, known collectively as the Namew Lake District Project. Currently, all of the company’s properties are
located in Manitoba.
On behalf of the Board of Directors of
QMC QUANTUM MINERALS CORP.
“Balraj Mann”
Balraj Mann
President and Chief Executive Officer
Neither the 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 news release.
Nutra Pharma Corp (NPHC): Can This Stock Make it Rain For Investors? Technicals in Focus
Source: https://albanewsjournal.com/2018/06/22/nutra-pharma-corp-nphc-can-this-stock-make-it-rain-for-investors-technicals-in-focus/
Anticipated Lithium Deficits Boost Outlook for Miners
NetworkNewsWire Editorial Coverage: Lithium stocks have soared over the last couple years, driven by global demand for lithium-ion batteries and anticipated subsequent supply chain deficits. The supply-demand imbalance is highlighted by reports that Li-ion battery consumption grew 73 percent from 2010 to 2014, whereas lithium production only increased 28 percent. Moreover, between 2014 and 2017 the cost of a lithium-ion battery was cut in half, increasing demand and further exacerbating lithium feedstock shortages. Portending the enormity of coming shortfalls, Roskill, a leader in international metals and minerals research, tripled its lithium demand forecast last year, and now expects demand to exceed a million tons annually within the next eight years. Under these market factors, acquisitions and joint ventures are becoming almost commonplace among manufacturers and miners. Institutional investors are also entering the fray and attention is turning to junior miners since the majors will be hard pressed to alleviate feedstock deficits. Prospective junior miner Lithium Chile (TSX.V: LITH) (OTC: LTMCF) (LTMCF Profile) aims to capitalize on these deficits. With vast resources directly in the heart of South America’s famed lithium triangle, the company recently announced a joint venture MOU and is initiating a new high-priority drilling program. In attempts to keep pace with global deficits, other lithium producers such as Albemarle Corp. (NYSE: ALB), Sociedad Quimica y Minera S.A. (NYSE: SQM), Lithium Americas Corp. (NYSE: LAC) and FMC Corporation (NYSE: FMC) have all taken measures to increase production.
Drill Baby Drill
Site preparations are under way and Lithium Chile (TSX.V: LITH) (OTC: LTMCF) earlier this week said it will soon begin drilling at its Salar de Ollague project. The area displays many geophysical characteristics identical to those found in the lithium-rich aquifers at Salar de Atacama, home of the world’s largest and highest-grade lithium brine producers. Initial testing showed good chemistry, imperative for cost-effective lithium production, and the company has received formal consent from the community of Ollague to begin an exploration drilling program.
In previously announced results of a transient electromagnetic survey (TEM) covering 25 square kilometers of the Ollague project, Lithium Chile identified multiple large high-priority targets and a comprehensive sampling program revealed near-surface lithium brines assaying up to 1,140mg/L of lithium. In comparison, lithium concentration between 190 to 200 mg/L of lithium is needed for production in the United States.
Geophysical analysis indicated several continuous conductive units over much of the property. The survey indicated these conductive units are several open-ended horizontal zones ranging from 20 to over 200 meters thick and within 20 to 120 meters of the surface. Lithium Chile believes these open-ended horizontal zones are saline aquifers and indicative of a high content of lithium brine.
“With a range of high-grade, near-surface lithium samples, excellent TEM survey results and no competition in the region, Ollague is one of our most exciting projects. We are delighted to have received final approval and look forward to commencing drilling next week,” Lithium Chile president and CEO Steve Cochrane stated.
Lithium Chile will immediately seek permits for additional exploration and development programs at Ollague based on the drilling and sampling results of the first program. As soon as the initial Ollague drilling program is complete, Lithium Chile intends to begin drilling each of its other four high-priority salars in continuous succession.
Amazing Assets
About half the world’s lithium reserves are in Chile, predominantly in the arid Atacama Plateau, and it is here that Lithium Chile has strategically amassed 152,900 hectares (nearly 600 square miles). The company’s Ollague project is just one of its 15 wholly owned properties in Chile. Lithium Chile’s assets include 66 square kilometers directly on the Salar de Atacama, Chile’s largest mineral salt flat and home to about 30 percent of the world’s lithium production.
Lithium Chile acquired its assets for just $3 per hectare. Prospective lithium parcels in Chile currently change hands around $1,500 per hectare, and proven tracts command more than $10,000 per hectare. Lithium Chile relied on the vast in-country experience and skills of Terry Walker, the company’s chief geologist and VP of exploration, to acquire large tracts of prime lithium-bearing properties. Using a 1970s French technical report overlaid on a national database of water well hydrology and water chemistry, Walker meticulously matched that information with an extensive lands claim database. Lithium Chile subsequently secured the best salars in proximity to the highest lithium concentrations and the closest to needed infrastructure. The result could turn out to be among the most promising and lucrative lithium-rich land packages in recent history.
Back to Back
Indicative of international investment interest in the sector, Lithium Chile announced last week a Memorandum of Understanding to enter a joint venture transaction with Hong Kong-based investment company Prosper One International Holdings Company Limited. The proposed transaction with Prosper One requires them to spend $3 million to earn a 55 percent interest in Lithium Chile’s Norte project. Prosper One will invest the $3 million in staged exploration on the Norte project on or before December 31, 2018, and will make a $1 million equity investment in Lithium Chile at a minimum of $1 per share. With a plethora of lithium-rich indicated properties it seems suitors are starting to line up.
The MOU designates Lithium Chile the operator on the Norte exploration programs and it will receive a management fee from Prosper One equal to 17.5 percent of the funds expended on the Norte exploration programs. As a testament to the seriousness of their intent, Prosper One must pay Lithium Chile a $250,000 break fee if a definitive agreement isn’t signed.
Cochrane commented, “We are pleased to have reached this agreement with Prosper One, which accelerates our ability to unlock the potential of our dominant land package Chile. We are essentially combining our technical expertise and Chilean experience, with Prosper One’s financial acumen and support, to explore our highly prospective Norte project in Chile. We look forward to a mutually rewarding working relationship.”
Drilling Pay Day
Drilling commencement is a big deal. As Lithium Chile continues to prove its reserves, the company could receive more offers to option, joint venture, or even outright purchase key projects at substantial market premiums and immense multiples to original cost.
Trying to Keep Pace
If there are any doubts about the lithium shortage, look at any lithium mining company – every single one is trying to rapidly expand production. The shortage won’t end any time soon and increased production isn’t likely to keep pace with burgeoning demand.
Among major lithium producers, Albemarle (NYSE: ALB) is the largest and derives nearly 39 percent of its total revenue from lithium sales. A global leader in specialty chemicals, Albemarle’s lithium business segment mines and converts lithium into different forms along the value chain. The company controls one of the only operating lithium brines in North America and operates a lithium brine in Chile. ALB also holds a 49 percent share in Talison Lithium in Australia and plans to expand production there in 2019 under a joint venture.
Sociedad Quimica y Minera S.A. (NYSE: SQM) is an intriguing Chile-based player in the global scramble to secure greater supplies of lithium. SQM produces over 45,000 tons of lithium carbonate equivalent per year and plans to expand lithium carbonate capacity to 63,000 metric tons in 2018. In addition to lithium, the company produces specialty plant nutrients, iodine derivatives, potassium chloride, potassium sulfate and industrial chemicals. To prevent China from controlling 70 percent of the world’s lithium supply, the Chilean government rebuffed the $4 billion purchase of 32 percent of SQM by Tianqi Lithium Corporation last year but ultimately reached an agreement allowing the Chinese company to purchase 24 percent of SQM last month.
Lithium Americas (NYSE: LAC) is focused on development of two lithium development projects: the Cauchari-Olaroz project located in Jujuy province of Argentina and the Lithium Nevada project. Company segments include Organoclay, Lithium Nevada, Cauchari-Olaroz and Corporate. The company operates in Canada, the United States, Germany and Argentina. The Cauchari-Olaroz project is a lithium brine mineral project. The Lithium Nevada project is a smectite clay-based lithium project.
FMC Corporation (NYSE: FMC) is estimated to be the fourth- or fifth-largest lithium producer in the world and has announced plans to aggressively expand production. FMC Corporation primarily serves the agricultural industry, providing solutions to enhance crop yield and quality. FMC is planning to sell off around 15 percent of its lithium business in an IPO late this year, giving the business a market value of more than $3 billion.
Major lithium producers all had big runs in their stocks over the last couple years and some still trade at or near all-time highs. But large upsides in these companies from this point may be difficult to achieve. Going forward, some of the largest potential market gains are likely to be found in select junior miners.
For more information on Lithium Chile visit Lithium Chile (TSX.V: LITH) (OTC: LTMCF)
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Anticipated Lithium Deficits Boost Outlook for Miners
NetworkNewsWire Editorial Coverage: Lithium stocks have soared over the last couple years, driven by global demand for lithium-ion batteries and anticipated subsequent supply chain deficits. The supply-demand imbalance is highlighted by reports that Li-ion battery consumption grew 73 percent from 2010 to 2014, whereas lithium production only increased 28 percent. Moreover, between 2014 and 2017 the cost of a lithium-ion battery was cut in half, increasing demand and further exacerbating lithium feedstock shortages. Portending the enormity of coming shortfalls, Roskill, a leader in international metals and minerals research, tripled its lithium demand forecast last year, and now expects demand to exceed a million tons annually within the next eight years. Under these market factors, acquisitions and joint ventures are becoming almost commonplace among manufacturers and miners. Institutional investors are also entering the fray and attention is turning to junior miners since the majors will be hard pressed to alleviate feedstock deficits. Prospective junior miner Lithium Chile (TSX.V: LITH) (OTC: LTMCF) (LTMCF Profile) aims to capitalize on these deficits. With vast resources directly in the heart of South America’s famed lithium triangle, the company recently announced a joint venture MOU and is initiating a new high-priority drilling program. In attempts to keep pace with global deficits, other lithium producers such as Albemarle Corp. (NYSE: ALB), Sociedad Quimica y Minera S.A. (NYSE: SQM), Lithium Americas Corp. (NYSE: LAC) and FMC Corporation (NYSE: FMC) have all taken measures to increase production.
Drill Baby Drill
Site preparations are under way and Lithium Chile (TSX.V: LITH) (OTC: LTMCF) earlier this week said it will soon begin drilling at its Salar de Ollague project. The area displays many geophysical characteristics identical to those found in the lithium-rich aquifers at Salar de Atacama, home of the world’s largest and highest-grade lithium brine producers. Initial testing showed good chemistry, imperative for cost-effective lithium production, and the company has received formal consent from the community of Ollague to begin an exploration drilling program.
In previously announced results of a transient electromagnetic survey (TEM) covering 25 square kilometers of the Ollague project, Lithium Chile identified multiple large high-priority targets and a comprehensive sampling program revealed near-surface lithium brines assaying up to 1,140mg/L of lithium. In comparison, lithium concentration between 190 to 200 mg/L of lithium is needed for production in the United States.
Geophysical analysis indicated several continuous conductive units over much of the property. The survey indicated these conductive units are several open-ended horizontal zones ranging from 20 to over 200 meters thick and within 20 to 120 meters of the surface. Lithium Chile believes these open-ended horizontal zones are saline aquifers and indicative of a high content of lithium brine.
“With a range of high-grade, near-surface lithium samples, excellent TEM survey results and no competition in the region, Ollague is one of our most exciting projects. We are delighted to have received final approval and look forward to commencing drilling next week,” Lithium Chile president and CEO Steve Cochrane stated.
Lithium Chile will immediately seek permits for additional exploration and development programs at Ollague based on the drilling and sampling results of the first program. As soon as the initial Ollague drilling program is complete, Lithium Chile intends to begin drilling each of its other four high-priority salars in continuous succession.
Amazing Assets
About half the world’s lithium reserves are in Chile, predominantly in the arid Atacama Plateau, and it is here that Lithium Chile has strategically amassed 152,900 hectares (nearly 600 square miles). The company’s Ollague project is just one of its 15 wholly owned properties in Chile. Lithium Chile’s assets include 66 square kilometers directly on the Salar de Atacama, Chile’s largest mineral salt flat and home to about 30 percent of the world’s lithium production.
Lithium Chile acquired its assets for just $3 per hectare. Prospective lithium parcels in Chile currently change hands around $1,500 per hectare, and proven tracts command more than $10,000 per hectare. Lithium Chile relied on the vast in-country experience and skills of Terry Walker, the company’s chief geologist and VP of exploration, to acquire large tracts of prime lithium-bearing properties. Using a 1970s French technical report overlaid on a national database of water well hydrology and water chemistry, Walker meticulously matched that information with an extensive lands claim database. Lithium Chile subsequently secured the best salars in proximity to the highest lithium concentrations and the closest to needed infrastructure. The result could turn out to be among the most promising and lucrative lithium-rich land packages in recent history.
Back to Back
Indicative of international investment interest in the sector, Lithium Chile announced last week a Memorandum of Understanding to enter a joint venture transaction with Hong Kong-based investment company Prosper One International Holdings Company Limited. The proposed transaction with Prosper One requires them to spend $3 million to earn a 55 percent interest in Lithium Chile’s Norte project. Prosper One will invest the $3 million in staged exploration on the Norte project on or before December 31, 2018, and will make a $1 million equity investment in Lithium Chile at a minimum of $1 per share. With a plethora of lithium-rich indicated properties it seems suitors are starting to line up.
The MOU designates Lithium Chile the operator on the Norte exploration programs and it will receive a management fee from Prosper One equal to 17.5 percent of the funds expended on the Norte exploration programs. As a testament to the seriousness of their intent, Prosper One must pay Lithium Chile a $250,000 break fee if a definitive agreement isn’t signed.
Cochrane commented, “We are pleased to have reached this agreement with Prosper One, which accelerates our ability to unlock the potential of our dominant land package Chile. We are essentially combining our technical expertise and Chilean experience, with Prosper One’s financial acumen and support, to explore our highly prospective Norte project in Chile. We look forward to a mutually rewarding working relationship.”
Drilling Pay Day
Drilling commencement is a big deal. As Lithium Chile continues to prove its reserves, the company could receive more offers to option, joint venture, or even outright purchase key projects at substantial market premiums and immense multiples to original cost.
Trying to Keep Pace
If there are any doubts about the lithium shortage, look at any lithium mining company – every single one is trying to rapidly expand production. The shortage won’t end any time soon and increased production isn’t likely to keep pace with burgeoning demand.
Among major lithium producers, Albemarle (NYSE: ALB) is the largest and derives nearly 39 percent of its total revenue from lithium sales. A global leader in specialty chemicals, Albemarle’s lithium business segment mines and converts lithium into different forms along the value chain. The company controls one of the only operating lithium brines in North America and operates a lithium brine in Chile. ALB also holds a 49 percent share in Talison Lithium in Australia and plans to expand production there in 2019 under a joint venture.
Sociedad Quimica y Minera S.A. (NYSE: SQM) is an intriguing Chile-based player in the global scramble to secure greater supplies of lithium. SQM produces over 45,000 tons of lithium carbonate equivalent per year and plans to expand lithium carbonate capacity to 63,000 metric tons in 2018. In addition to lithium, the company produces specialty plant nutrients, iodine derivatives, potassium chloride, potassium sulfate and industrial chemicals. To prevent China from controlling 70 percent of the world’s lithium supply, the Chilean government rebuffed the $4 billion purchase of 32 percent of SQM by Tianqi Lithium Corporation last year but ultimately reached an agreement allowing the Chinese company to purchase 24 percent of SQM last month.
Lithium Americas (NYSE: LAC) is focused on development of two lithium development projects: the Cauchari-Olaroz project located in Jujuy province of Argentina and the Lithium Nevada project. Company segments include Organoclay, Lithium Nevada, Cauchari-Olaroz and Corporate. The company operates in Canada, the United States, Germany and Argentina. The Cauchari-Olaroz project is a lithium brine mineral project. The Lithium Nevada project is a smectite clay-based lithium project.
FMC Corporation (NYSE: FMC) is estimated to be the fourth- or fifth-largest lithium producer in the world and has announced plans to aggressively expand production. FMC Corporation primarily serves the agricultural industry, providing solutions to enhance crop yield and quality. FMC is planning to sell off around 15 percent of its lithium business in an IPO late this year, giving the business a market value of more than $3 billion.
Major lithium producers all had big runs in their stocks over the last couple years and some still trade at or near all-time highs. But large upsides in these companies from this point may be difficult to achieve. Going forward, some of the largest potential market gains are likely to be found in select junior miners.
For more information on Lithium Chile visit Lithium Chile (TSX.V: LITH) (OTC: LTMCF)
About NetworkNewsWire
NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
For more information, please visit https://www.NetworkNewsWire.com
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The Article and content related to the profiled company represent the personal and subjective views of the Author, and are subject to change at any time without notice. The information provided in the Article and the content has been obtained from sources which the Author believes to be reliable. However, the Author has not independently verified or otherwise investigated all such information. None of the Author, NNW, or any of their respective affiliates, guarantee the accuracy or completeness of any such information. This Article and content are not, and should not be regarded as investment advice or as a recommendation regarding any particular security or course of action; readers are strongly urged to speak with their own investment advisor and review all of the profiled issuer’s filings made with the Securities and Exchange Commission before making any investment decisions and should understand the risks associated with an investment in the profiled issuer’s securities, including, but not limited to, the complete loss of your investment.
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This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and NNW undertakes no obligation to update such statements.
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Expecting the merger documents in order to see our assets. Keep watching WY business state website here.
Very good article. Thank you for posting.
Financials are the best news!
Wow! I am ecstatic! Real estate?
https://v.qq.com/x/page/d0643hlllga.html
Thank you so very much for your awesome DD!!!
QMC Quantum Minerals Signs NDA for Lithium Mineralization Testing
Source: https://www.juniorminingnetwork.com/junior-miner-news/press-releases/1147-tsx-venture/qmc/48195-qmc-signs-nda-for-lithium-mineralization-testing.html
Balance of Power Reading in Focus For Air France Ads (AFLYY) and Qmc Quantum Minerals Corp (QMCQF)
Posted by Staff Contributor on June 9, 2018 at 8:39 am
Air France Ads (AFLYY) has traders on alert as the Balance of Power signal has continued a strong downward trend over multiple trading sessions.
The BOP oscillates around zero center line in the range from -1 to +1. Positive BOP reading is an indication of buyers’ dominance and negative BOP reading is a sign of the stronger selling pressure. When BOP is equal zero it indicates that buyers and sellers are equally strong. The resulting raw BOP values can be optionally smoothed using any moving average type and drawn as a line or histogram.
Investors might be taking a closer look into the crystal ball to try and decipher what is in store for the second half of the year in the stock market. While cautious optimism may be the prevailing sentiment, many investors will be looking to take the portfolio to the next level. With markets still riding high, the big question is whether the momentum will push stocks higher or if the bears start to take over. There may still be a few undervalued stocks with much more upside potential ready to make big moves. Finding these stocks may involve doing a little more homework. Investors may be looking to take advantage of any little sell-off that might provide some bargain buying opportunities.
The Relative Strength Index (RSI) is a highly popular momentum indicator used for technical analysis. The RSI can help display whether the bulls or the bears are currently strongest in the market. The RSI may be used to help spot points of reversals more accurately. The RSI was developed by J. Welles Wilder. As a general rule, an RSI reading over 70 would signal overbought conditions. A reading under 30 would indicate oversold conditions. As always, the values may need to be adjusted based on the specific stock and market. RSI can also be a valuable tool for trying to spot larger market turns. Air France Ads (AFLYY) has a 14-day RSI of 38.88, the 7-day is at 40.31, and the 3-day is resting at 33.22.
Air France Ads (AFLYY) currently has a 14-day Commodity Channel Index (CCI) of -103.86. Active investors may choose to use this technical indicator as a stock evaluation tool. Used as a coincident indicator, the CCI reading above +100 would reflect strong price action which may signal an uptrend. On the flip side, a reading below -100 may signal a downtrend reflecting weak price action. Using the CCI as a leading indicator, technical analysts may use a +100 reading as an overbought signal and a -100 reading as an oversold indicator, suggesting a trend reversal.
Shares of Air France Ads (AFLYY) have a 200-day moving average of 13.26. The 50-day is 9.45, and the 7-day is sitting at 8.27. Using a bigger time frame to assess the moving average such as the 200-day, may help block out the noise and chaos that is often caused by daily price fluctuations. In some cases, MA’s may be used as strong reference points for spotting support and resistance levels.
The Average Directional Index or ADX is technical analysis indicator used to describe if a market is trending or not trending. The ADX alone measures trend strength but not direction. Using the ADX with the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) may help determine the direction of the trend as well as the overall momentum. Many traders will use the ADX alongside other indicators in order to help spot proper trading entry/exit points. Currently, the 14-day ADX for Air France Ads (AFLYY) is 28.28. Generally speaking, an ADX value from 0-25 would indicate an absent or weak trend. A value of 25-50 would indicate a strong trend. A value of 50-75 would signal a very strong trend, and a value of 75-100 would indicate an extremely strong trend. The Williams Percent Range or Williams %R is another technical indicator that may be useful for traders and investors.
The Williams %R is designed to provide a general sense of when the equity might have reached an extreme and be primed for a reversal. As a general observance, the more overbought or oversold the reading displays, the more likely a reversal may take place. The 14 day Williams %R for Air France Ads (AFLYY) is noted at -70.83. Many consider the equity oversold if the reading is below -80 and overbought if the indicator is between 0 and -20.
Qmc Quantum Minerals Corp (QMCQF) shares have seen the Balance of Power trend lower over the past few sessions, indicating potential price moves are ahead.
The Balance of Power (BOP), indicator was developed by Igor Livshin and it was introduced in the August 2001 issue of Stocks and Commodities Magazine.
Once the individual investor has figured out a plan to analyze stocks, they can begin to start building a portfolio. Because not everyone has the same goals, time horizons, and risk appetites, it is hard to provide one answer to the question of how to construct the perfect winning stock portfolio. Although every investor’s goal is typically to beat the market and secure consistent profits, this is no easy accomplishment. Professionals have spent many years studying the ins and outs of the stock market. There are certain strategies that may work better during different market cycles, but it is hard to say with any certainty that they will continue to work in the future. Markets and economic landscapes are constantly changing, and being able to keep up with the changes might involve tweaking strategies that have previously been successful but no longer are.
Technical investors may be checking certain levels on Qmc Quantum Minerals Corp (QMCQF) shares. For traders looking to capitalize on trends, the ADX may be an essential technical tool. The ADX is used to measure trend strength. ADX calculations are made based on the moving average price range expansion over a specified amount of time. ADX is charted as a line with values ranging from 0 to 100. The indicator is non-directional meaning that it gauges trend strength whether the stock price is trending higher or lower. The 14-day ADX presently sits at 19.71. In general, and ADX value from 0-25 would represent an absent or weak trend. A value of 25-50 would indicate a strong trend. A value of 50-75 would indicate a very strong trend, and a value of 75-100 would signify an extremely strong trend.
Some investors may find the Williams Percent Range or Williams %R as a helpful technical indicator. Presently, Qmc Quantum Minerals Corp (QMCQF)’s Williams Percent Range or 14 day Williams %R is resting at -82.82. Values can range from 0 to -100. A reading between -80 to -100 may be typically viewed as strong oversold territory. A value between 0 to -20 would represent a strong overbought condition. As a momentum indicator, the Williams R% may be used with other technicals to help define a specific trend.
When performing stock analysis, investors and traders may opt to view technical levels. Qmc Quantum Minerals Corp (QMCQF) presently has a 14-day Commodity Channel Index (CCI) of -123.35. Investors and traders may use this indicator to help spot price reversals, price extremes, and the strength of a trend. Many investors will use the CCI in conjunction with other indicators when evaluating a trade. The CCI may be used to spot if a stock is entering overbought (+100) and oversold (-100) territory.
Checking in on moving averages, the 200-day is at 0.49, the 50-day is 0.44, and the 7-day is sitting at 0.42. Moving averages may be used by investors and traders to shed some light on trading patterns for a specific stock. Moving averages can be used to help smooth information in order to provide a clearer picture of what is going on with the stock. Technical stock analysts may use a combination of different time periods in order to figure out the history of the equity and where it may be headed in the future. MA’s can be calculated for any time period, but two very popular time frames are the 50-day and 200-day moving averages.
Shifting gears to the Relative Strength Index, the 14-day RSI is currently sitting at 40.31, the 7-day is 28.89, and the 3-day is currently at 11.83 for Qmc Quantum Minerals Corp (QMCQF). The Relative Strength Index (RSI) is a highly popular momentum indicator used for technical analysis. The RSI can help display whether the bulls or the bears are currently strongest in the market. The RSI may be used to help spot points of reversals more accurately. The RSI was developed by J. Welles Wilder. As a general rule, an RSI reading over 70 would signal overbought conditions. A reading under 30 would indicate oversold conditions. As always, the values may need to be adjusted based on the specific stock and market. RSI can also be a valuable tool for trying to spot larger market turns.
Source: https://www.derbynewsjournal.com/2018/06/09/balance-of-power-reading-in-focus-for-air-france-ads-aflyy-and-qmc-quantum-minerals-corp-qmcqf/
I will try to take some advantage of accessible PPS and buy a little more...
Well Snugs, if you already have your opinion formed, I am not the one who is going to convince you otherwise.
Good Luck to you, my brother!
Both are holding pretty well for over a year... so it seems like longs are correct and we will soon see both of them being up listed.
Hi Howard,
I definitely believe and set my expectations to this path as well. I believe we're going to follow the same pattern as Chemical and Mining Company of Chile, Inc (SQM), which is over $50 now.
We must be close then...
LOL
Flurry of Supply Deals as World Scrambles for Tomorrow’s Lithium
A flurry of activity between producers and buyers is underway to lock down supply agreements for years to come. While Chinese buyers are leading the way with deals all over the world, North American buyers including Elon Musk’s Tesla Motors are also securing all that they can as the world prepares for the electric vehicle (EV) revolution.
These deals are happening earlier and earlier in the process as well, with Tesla’s latest deal being signed with a plant that’s not even built yet. The same goes for Chinese lithium buyer, General Lithium Corp., which is now signed on to buy supplies from a future Canadian mine that’s not expected to generate revenue until Q4 of 2019.
The winners in all this are the lithium producers, both present and future. These are based all over the world, including Australian miners Kidman Resources Limited (OTC: KDDRF), Pilbara Minerals Limited (OTC: PILBF), Chile’s Sociedad Quimica y Minera de Chile (NYSE: SQM), and Canadian miners Nemaska Lithium (OTC: NMKEF) (TSX: NMX) and QMC Quantum Minerals Corp. (TSX.V: QMC) (OTC: QMCQF).
A lithium supply gap is forcing buyers to aggressively jockey for position on global supplies as they roll off the production line. While this war for supplies heats up, the buyers must also be keeping tomorrow’s lithium mines and the miners on their radar.
These include the Mount Holland lithium JV project of Kidman Resources and SQM in Western Australia, and the Whabouchi Mine in Quebec, Canada, owned by Nemaska Lithium. Both of these mines are yet to be built, however, the bulk (if not all) of their supplies are already spoken for.
Calls are flooding other miners who are set to produce soon, like Pilbara Minerals on its Pilgangoora lithium-tantalum project—Despite the fact that the first stage is already 100% signed away to buyers General Lithium, and Ganfeng Lithium. Hence, the market is now looking towards which project is next in line to get a dance partner.
One junior that’s possibly moving closer to its own production in the years to come is QMC Quantum Minerals Corp. Bolstered by its 100%-owned Irgon Mine flagship project in mining friendly Manitoba, Canada, QMC controls what could be another lithium massive resource. Now they’ve assembled a technical team tasked with bringing the previously historic non-compliant resource into compliance, and to significantly expand Irgon’s size and potential.
Supply deals are being signed seemingly everywhere, as the market for lithium is showing no signs of slowing down. In order to meet the demand, new projects must continue to develop into production. With buyers getting out ahead of their competitors earlier and earlier, the financing for these new projects will likely become smoother, faster, and more prevalent.
LUCRATIVE LITHIUM SUPPLIERS: PRESENT AND FUTURE
Kidman Resources Limited (OTC: KDDRF)
The Australian miner made international headlines as it signed a three-year lithium supply deal with arguably the world’s most famous EV manufacturer, Elon Musk’s Tesla Motors. The fixed-price deal is set to commence once Kidman’s project in Western Australia begins production. The Mount Holland hardrock lithium project in western Australia is a joint venture with Chile’s SQM, the world’s second-largest lithium producer. Kidman is also building a refinery to process its lithium into battery-grade material, which is expected to commence construction in 2021.
Sociedad Quimica y Minera de Chile (NYSE: SQM)
Set inside the Kwinana Strategic Industrial area, south of Perth, SQM and Kidman’s JV refinery is set to be commissioned in 2021. The project has an initial annual nameplate capacity of 44,000 tonnes of lithium hydroxide or 37,000 tonnes of lithium carbonate. While Kidman recently signed its supply deal with Tesla, SQM has also been working on its own deals back in its home base of Chile. Midway through May, SQM received more than $4 billion for selling a sizeable stake of itself to China-based Tianqi Lithium.
Pilbara Minerals Limited (OTC: PILBF)
Now that it’s on the cusp of commissioning its Pilgangoora lithium-tantalum project, Pilbara is already being inundated with requests for lithium supply, according to company boss Ken Brinsden. Already, 100% of the expected 300,000-350,000 tonnes per annum of spodumene is committed under offtake deals with General Lithium and Ganfeng Lithium. However, there’s still a possible stage 2 expansion on deck, should Pilbara approve a final investment decision valued at over US$155 million in July. Ganfeng, Great Wall Motors and POSCO have options over all of the planned stage 2 production of 500,000-550,000 tonnes per annum as well. As things stand for the next few years, Pilbara is sold out.
Nemaska Lithium (OTC: NMKEF) (TSX: NMX)
Much like Pilbara, Canada’s Nemaska Lithium now has its own lithium supply agreement with General Lithium Corp. Based in the province of Quebec, Nemaska’s Whabouchi Mine will supply a significant quantity of spodumene concentrate on a take-or-pay basis at a market priced-based formula, at the time of delivery. The supply period is set to commence after the construction of the Whabouchi Mine and continue up to the full ramp-up of an electrochemical plant in Shawinigan, Quebec. Nemaska expects the spodumene concentrate sales to generate revenue by the last quarter of 2019.
QMC Quantum Minerals Corp. (TSX.V: QMC) (OTC: QMCQF)
While at a much earlier stage of development compared to Nemaska, QMC Quantum Minerals is making significant strides on its 100%-owned Irgon Lithium Mine Project in Manitoba. QMC recently reported it had engaged SGS Canada to provide technical support and consulting services to help carry out the company’s 2018 field exploration and drilling program. As well, SGS will use the data acquired through the 2018 exploration program to compile a NI 43-101 compliant technical report to confirm and potentially increase the previously non-compliant historical resource of 1.2 million tonnes at 1.51% Li2O. With a potentially massive resource in play, QMC could be the next Canadian lithium supplier.
MANITOBA’S MILLIONS OF MINING TONNES
With the possibility of a resource that could have significantly more than 1.2 million tonnes at 1.51% Li2O, QMC Quantum Minerals Corp. (TSX.V: QMC) (OTC: QMCQF) is getting closer to a major mining event in Manitoba. Having uncovered a long forgotten treasure in the Irgon Dike, QMC aims to capitalize on the significant increase in prices for today’s lithium versus when the discovery was first made.
Earlier in May, QMC disseminated historical assay results that were obtained during a 1956 channel sampling of the Irgon Dike where it is exposed underground in crosscuts on the 200-foot level. The company released a 3-D model, which demonstrates that, to date, exploration and underground development has been only undertaken on the upper and central portions of dike leaving significant potential to quickly increase tonnage, as the Irgon Dike is open both along strike and to depth.
The project was originally worked on by the Lithium Corporation of Canada in the 1950s, and now is finally getting an effective work program. With modern analysis, the potential for the project is far more massive than it was given credit for over 60 years ago. On site, a complete mining plant was previously installed, designed to process 500 tons of ore per day, and a three-compartment shaft was sunk to a depth of 74 meters. When work on the operation was suspended in 1957, the market for lithium oxides wasn’t favourable. However, with today’s prices (and the subsequent mad rush for supply and offtake agreements), the rebooting of the Irgon Mine project is not only sensible, but seemingly inevitable.
Disclaimer
Nothing in this article should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this article is not provided to any individual with a view toward their individual circumstances. Baystreet.ca has been paid a fee of ten thousand dollars for QMC Quantum Minerals advertising. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this article as the basis for any investment decision. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in this article is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.
Source: https://www.baystreet.ca/articles/stockstowatch/39331/Flurry-of-Supply-Deals-as-World-Scrambles-for-Tomorrows-Lithium
Flurry of Supply Deals as World Scrambles for Tomorrow’s Lithium
A flurry of activity between producers and buyers is underway to lock down supply agreements for years to come. While Chinese buyers are leading the way with deals all over the world, North American buyers including Elon Musk’s Tesla Motors are also securing all that they can as the world prepares for the electric vehicle (EV) revolution.
These deals are happening earlier and earlier in the process as well, with Tesla’s latest deal being signed with a plant that’s not even built yet. The same goes for Chinese lithium buyer, General Lithium Corp., which is now signed on to buy supplies from a future Canadian mine that’s not expected to generate revenue until Q4 of 2019.
The winners in all this are the lithium producers, both present and future. These are based all over the world, including Australian miners Kidman Resources Limited (OTC: KDDRF), Pilbara Minerals Limited (OTC: PILBF), Chile’s Sociedad Quimica y Minera de Chile (NYSE: SQM), and Canadian miners Nemaska Lithium (OTC: NMKEF) (TSX: NMX) and QMC Quantum Minerals Corp. (TSX.V: QMC) (OTC: QMCQF).
A lithium supply gap is forcing buyers to aggressively jockey for position on global supplies as they roll off the production line. While this war for supplies heats up, the buyers must also be keeping tomorrow’s lithium mines and the miners on their radar.
These include the Mount Holland lithium JV project of Kidman Resources and SQM in Western Australia, and the Whabouchi Mine in Quebec, Canada, owned by Nemaska Lithium. Both of these mines are yet to be built, however, the bulk (if not all) of their supplies are already spoken for.
Calls are flooding other miners who are set to produce soon, like Pilbara Minerals on its Pilgangoora lithium-tantalum project—Despite the fact that the first stage is already 100% signed away to buyers General Lithium, and Ganfeng Lithium. Hence, the market is now looking towards which project is next in line to get a dance partner.
One junior that’s possibly moving closer to its own production in the years to come is QMC Quantum Minerals Corp. Bolstered by its 100%-owned Irgon Mine flagship project in mining friendly Manitoba, Canada, QMC controls what could be another lithium massive resource. Now they’ve assembled a technical team tasked with bringing the previously historic non-compliant resource into compliance, and to significantly expand Irgon’s size and potential.
Supply deals are being signed seemingly everywhere, as the market for lithium is showing no signs of slowing down. In order to meet the demand, new projects must continue to develop into production. With buyers getting out ahead of their competitors earlier and earlier, the financing for these new projects will likely become smoother, faster, and more prevalent.
LUCRATIVE LITHIUM SUPPLIERS: PRESENT AND FUTURE
Kidman Resources Limited (OTC: KDDRF)
The Australian miner made international headlines as it signed a three-year lithium supply deal with arguably the world’s most famous EV manufacturer, Elon Musk’s Tesla Motors. The fixed-price deal is set to commence once Kidman’s project in Western Australia begins production. The Mount Holland hardrock lithium project in western Australia is a joint venture with Chile’s SQM, the world’s second-largest lithium producer. Kidman is also building a refinery to process its lithium into battery-grade material, which is expected to commence construction in 2021.
Sociedad Quimica y Minera de Chile (NYSE: SQM)
Set inside the Kwinana Strategic Industrial area, south of Perth, SQM and Kidman’s JV refinery is set to be commissioned in 2021. The project has an initial annual nameplate capacity of 44,000 tonnes of lithium hydroxide or 37,000 tonnes of lithium carbonate. While Kidman recently signed its supply deal with Tesla, SQM has also been working on its own deals back in its home base of Chile. Midway through May, SQM received more than $4 billion for selling a sizeable stake of itself to China-based Tianqi Lithium.
Pilbara Minerals Limited (OTC: PILBF)
Now that it’s on the cusp of commissioning its Pilgangoora lithium-tantalum project, Pilbara is already being inundated with requests for lithium supply, according to company boss Ken Brinsden. Already, 100% of the expected 300,000-350,000 tonnes per annum of spodumene is committed under offtake deals with General Lithium and Ganfeng Lithium. However, there’s still a possible stage 2 expansion on deck, should Pilbara approve a final investment decision valued at over US$155 million in July. Ganfeng, Great Wall Motors and POSCO have options over all of the planned stage 2 production of 500,000-550,000 tonnes per annum as well. As things stand for the next few years, Pilbara is sold out.
Nemaska Lithium (OTC: NMKEF) (TSX: NMX)
Much like Pilbara, Canada’s Nemaska Lithium now has its own lithium supply agreement with General Lithium Corp. Based in the province of Quebec, Nemaska’s Whabouchi Mine will supply a significant quantity of spodumene concentrate on a take-or-pay basis at a market priced-based formula, at the time of delivery. The supply period is set to commence after the construction of the Whabouchi Mine and continue up to the full ramp-up of an electrochemical plant in Shawinigan, Quebec. Nemaska expects the spodumene concentrate sales to generate revenue by the last quarter of 2019.
QMC Quantum Minerals Corp. (TSX.V: QMC) (OTC: QMCQF)
While at a much earlier stage of development compared to Nemaska, QMC Quantum Minerals is making significant strides on its 100%-owned Irgon Lithium Mine Project in Manitoba. QMC recently reported it had engaged SGS Canada to provide technical support and consulting services to help carry out the company’s 2018 field exploration and drilling program. As well, SGS will use the data acquired through the 2018 exploration program to compile a NI 43-101 compliant technical report to confirm and potentially increase the previously non-compliant historical resource of 1.2 million tonnes at 1.51% Li2O. With a potentially massive resource in play, QMC could be the next Canadian lithium supplier.
MANITOBA’S MILLIONS OF MINING TONNES
With the possibility of a resource that could have significantly more than 1.2 million tonnes at 1.51% Li2O, QMC Quantum Minerals Corp. (TSX.V: QMC) (OTC: QMCQF) is getting closer to a major mining event in Manitoba. Having uncovered a long forgotten treasure in the Irgon Dike, QMC aims to capitalize on the significant increase in prices for today’s lithium versus when the discovery was first made.
Earlier in May, QMC disseminated historical assay results that were obtained during a 1956 channel sampling of the Irgon Dike where it is exposed underground in crosscuts on the 200-foot level. The company released a 3-D model, which demonstrates that, to date, exploration and underground development has been only undertaken on the upper and central portions of dike leaving significant potential to quickly increase tonnage, as the Irgon Dike is open both along strike and to depth.
The project was originally worked on by the Lithium Corporation of Canada in the 1950s, and now is finally getting an effective work program. With modern analysis, the potential for the project is far more massive than it was given credit for over 60 years ago. On site, a complete mining plant was previously installed, designed to process 500 tons of ore per day, and a three-compartment shaft was sunk to a depth of 74 meters. When work on the operation was suspended in 1957, the market for lithium oxides wasn’t favourable. However, with today’s prices (and the subsequent mad rush for supply and offtake agreements), the rebooting of the Irgon Mine project is not only sensible, but seemingly inevitable.
Disclaimer
Nothing in this article should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this article is not provided to any individual with a view toward their individual circumstances. Baystreet.ca has been paid a fee of ten thousand dollars for QMC Quantum Minerals advertising. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this article as the basis for any investment decision. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in this article is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.
Source: https://www.baystreet.ca/articles/stockstowatch/39331/Flurry-of-Supply-Deals-as-World-Scrambles-for-Tomorrows-Lithium
It has a button on the top right corner for English version. Alternatively, when using Google Chrome, you can right click on the page and choose "Translate to English".
I am positive about this one too! This one is definitely going to be fruitful!
Have a great weekend!
I believe we need some words from the company as well in order to give wings to this one...
Nemaska Lithium Completes Its CAD 1.1 Billion Financing Package
30 May 2018
Public Offering, Contemporaneous Private Placement, Bond Issue and SoftBank Private Placement Escrow Release complete comprehensive package that attracted investors from around the world
Proceeds will finance the construction and commissioning of commercial facilities both at the Whabouchi mine and the Shawinigan electrochemical plant
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
QUEBEC CITY, May 30, 2018 (GLOBE NEWSWIRE) -- Nemaska Lithium Inc. (“Nemaska Lithium” or the “Corporation”) (TSX:NMX) (OTCQX:NMKEF) (FRANKFURT:N0T) is proud to announce that it has completed its overall CAD 1.1B (USD 849M) financing package (the “Project Financing Package”) with the closing today of i) a CAD 280M public offering of common shares on a bought deal basis (the “Public Offering”), ii) a CAD 80M concurrent private placement of common shares with Ressources Québec Inc., acting as mandatory for the government of Québec (“Ressources Québec”) (the “Contemporaneous Private Placement”), iii) a USD 350M offering of senior secured callable bonds ("Bonds") (the "Bond Offering") and iv) the release from escrow of CAD 93.8M (USD 72.1M) from the previously closed private placement with SoftBank Group Corp. (“SoftBank”) (the “SoftBank Private Placement”).
“In the past 12 months, we have developed and delivered a comprehensive Project Financing Package that we believe will allow Nemaska Lithium to realize its long-term potential while ensuring sufficient reserves for its future development”, said Guy Bourassa, President and CEO of Nemaska Lithium. “With the financial resources in hand, we will build a unique lithium hydroxide and carbonate production facility, in tandem with a spodumene mine, all within the province of Québec. To be vertically integrated, from the mine to the end product, will give Nemaska a cost advantage over industry peers. Today’s lithium ion batteries evolving chemistry demands more and more lithium hydroxide, validating our decision to focus on this growth segment within the lithium market.”
Project Financing Package
Public Offering
The Public Offering was completed on a bought deal basis pursuant to a prospectus supplement dated May 23, 2018 to the final base shelf prospectus dated March 29, 2018 (the “Prospectus”) through a syndicate of underwriters led by National Bank Financial Inc., BMO Capital Markets and Cantor Fitzgerald Canada Corporation as joint bookrunners, and including CIBC World Markets Inc., Echelon Wealth Partners Inc., Eight Capital, Canaccord Genuity Corp., Cormark Securities Inc., Jett Capital Advisors, LLC, Industrial Alliance Securities Inc. and Laurentian Bank Securities Inc. Clarksons Platou Securities AS acted as a selling agent in the Public Offering.
Pursuant to the Public Offering, the Corporation issued 280,000,000 common shares (the “Offered Shares”) at a price of CAD 1.00 per Offered Share (the “Offering Price”), for aggregate gross proceeds of CAD 280M.
For further terms and details of the Public Offering, please refer to the Corporation’s press release dated May 22, 2018 and the Prospectus which is filed under the Corporation’s profile on SEDAR at www.sedar.com.
Contemporaneous Private Placement
Contemporaneously with the Public Offering, the Corporation completed the Contemporaneous Private Placement with Ressources Québec, pursuant to which the Corporation has issued 80,000,000 common shares (“Private Placement Shares”) at the Offering Price for aggregate gross proceeds of CAD 80M. The Private Placement Shares will be subject to a restriction on resale of four months and one day from the date hereof.
Bond Offering
The Bond Offering was completed on a private placement basis through Clarksons Platou Securities and Pareto Securities, as joint lead managers.
The Bonds issued in the aggregate principal amount of USD 350M (approximately CAD 455M) are USD-denominated with a maturity date of May 30, 2023, unless called by the Corporation prior to maturity, and bear interest at a rate of 11.25% per annum. Interest is payable quarterly and in arrears on the relevant interest payment date in February, May, August and November of each year, commencing on August 30, 2018.
An amount equal to the gross proceeds of the Bond Offering together with the 3 month interest payment obligation (the “Bond Funds”) has been placed into a USD escrow account (the “Trust Account”) pending the satisfaction of certain conditions precedent by the Corporation on or prior to August 30, 2018 (the “Long Stop Date”). The Trust Account has been pledged in favour of the Bondholders. The Bonds will be reimbursed, with accrued interest, from the Bond Funds in the event that the Corporation has not, prior to the Long Stop Date, met the requisite conditions precedent. Such conditions precedent to the Long Stop Date include but are not limited to, the first tranche under the Streaming Agreement (as defined below) being released, the Corporation having obtained various material project documents, the inter-creditor agreement with Orion (as defined below) having been entered into and the security package over all assets to be charged in connection with the Bond Offering having been executed and rendered opposable to third parties.
Following the Long Stop Date, additional conditions precedent are required to be met by the Corporation in order to permit the drawdown of Bond Funds from the Trust Account.
For additional details regarding the various conditions precedent, the terms and details of the Bonds and the Bond Offering, please refer to the Corporation’s press release dated May 10, 2018. The full text of the Bonds Terms will be available on the Corporation’s profile on SEDAR at www.sedar.com following the date hereof. Readers are encouraged to refer to the full text of the Bond Terms for all of the terms and conditions of the Bonds.
The Corporation intends to apply to list the Bonds on the Nordic Alternative Bond Market (ABM).
SoftBank Private Placement Escrow Release
On April 25, 2018, the Corporation announced the closing of a subscription receipt private placement with SoftBank pursuant to which a total of 88,460,446 subscription receipts were issued at a price of CAD 1.12 per subscription receipt for gross proceeds of CAD 99.075M which were placed into escrow pending the satisfaction of certain escrow release conditions.
The Corporation is pleased to announce that all escrow release conditions have now been met following the completion of the Public Offering, the Contemporaneous Private Placement and the Bond Offering and, as a result, 83,729,011 subscription receipts have been converted and an equal number of common shares, representing 9.9% of the issued and outstanding common shares of the Corporation following completion of the Public Offering, the Contemporaneous Private Placement and the issuance of common shares pursuant to the SoftBank Private Placement, have been deemed to be issued to SoftBank for gross proceeds of CAD 93.8M (USD 72.1M) released from escrow to the Corporation.
A Unique and Unprecedented Financing Structure in the Lithium Industry
This announcement marks an important stage of the comprehensive Project Financing Package that will fund the construction, commissioning, working capital and reserve funds for the Whabouchi lithium mine and the Shawinigan electrochemical plant (collectively, the “Project”), as well as general working capital.
The closings today of these four elements of the Project Financing Package coupled with the USD 150M (CAD 195M) streaming agreement with Orion Mine Finance II LP (“Orion”) (the “Streaming Agreement”), as announced on April 12, 2018 allow Nemaska Lithium to deliver a CAD 1.1B (USD 849M) equivalent project financing to finance the development of the Project. In consideration of the Streaming Agreement, Orion will make an advance payment equal to USD 150M to Nemaska Lithium Shawinigan Transformation Inc., a wholly-owned subsidiary of Nemaska Lithium. The advance payment will be released in two equal tranches of USD 75M with the first tranche expected to be payable once Nemaska Lithium has satisfied certain customary conditions at the latest on December 31, 2018. The second tranche will be payable upon the satisfaction of certain technical and other customary conditions that must be satisfied no later than December 31, 2019.
Onwards to Construction
The construction and commissioning of the Whabouchi mine site is expected to be completed within 15 months, while approximately 24 months is expected to be required for the Shawinigan electrochemical plant. A total of up to 1,000 workers will be welcomed to the construction sites over that time.
About Nemaska Lithium
Nemaska Lithium is a developing chemical company whose activities will be vertically integrated, from spodumene mining to the commercialization of high-purity lithium hydroxide and lithium carbonate. These lithium salts are mainly destined for the fast-growing lithium-ion battery market, which is driven by the increasing demand for electric vehicles and energy storage worldwide. With its products and processes, Nemaska Lithium intends to facilitate access to green energy.
The Corporation will be operating the Whabouchi mine in Québec, Canada, one of the richest lithium spodumene deposits in the world, both in volume and grade. The spodumene concentrate produced at the Whabouchi mine will be processed at the Shawinigan plant using a unique membrane electrolysis process for which the Corporation holds several patents.
Nemaska Lithium is a member of the S&P/TSX SmallCap Index, S&P/TSX Global Mining Index, S&P/TSX Global Base Metals Index, S&P/TSX Equal Weight Global Base Metals Index, and the MSCI Canada Small Cap Index. For more information, visit nemaskalithium.com or twitter.com/Nemaska_Lithium.
Important notice
The information contained in this announcement is for background purposes only and does not purport to be full or complete. The announcement does not constitute an offer to sell or the solicitation of an offer to buy securities in any jurisdiction. The publication, distribution or release of this announcement may be restricted by law in certain jurisdictions and persons into whose possession any document or other information referred to herein comes should inform themselves about and observe any such restriction. Any failure to comply with such restrictions may constitute a violation of the securities laws of any such jurisdiction.
This press release is not an offer or a solicitation of an offer of securities for sale in the United States. The securities offered and sold pursuant to the Public Offering, the Contemporaneous Private Placement, the Bond Offering and the SoftBank Private Placement have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”), or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons (as defined under the U.S. Securities Act) absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The Corporation does not intend to register any securities referred to herein in the United States or to conduct a public offering of securities in the United States.
Cautionary Statement on Forward-Looking Information
All statements, other than statements of historical fact, contained in this press release including, but not limited to, those relating to the Corporations’ long-term potential, its cost advantage and its reserves, the development, construction and commissioning of the Project, 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, (a) the satisfaction, in a timely manner, by the Corporation of conditions precedent to the Long Stop Date and to the release of the gross proceeds of the Bond Offering, (b) the satisfaction, in a timely manner, by the Corporation of conditions precedent to the receipt of payments from Orion under the Streaming Agreement, and (c) the Corporation being able to bring the Whabouchi mine and the Shawinigan plant to commercial production.
Forward-looking statements contained in this press release including, without limitation, those related to (i) the intended use of proceeds of the Project Financing Package, (ii) the release of proceeds to the Corporation from the Bond Offering, (iii) the application for the Bonds’ listing on the Nordic ABM, (iv) the payments to be received under the Streaming Agreement, (v) the estimated timelines for the construction and commissioning at the Project, and (vi) generally, the above “About Nemaska Lithium” paragraph which essentially describes the Corporation’s outlook, constitute ''forward-looking information'' or ''forward-looking statements'' within the meaning of certain securities laws, and are based on expectations, estimates and projections as of the time of this press release. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Corporation as of the time of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect.
Many of these uncertainties and contingencies can directly or indirectly affect, and could cause, actual results to differ materially from those expressed or implied in any forward-looking statements and future events, could differ materially from those anticipated in such statements.
By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that estimates, forecasts, projections and other forward-looking statements will not be achieved or that assumptions do not reflect future experience. Forward-looking statements are provided for the purpose of providing information about management's endeavors to develop the Project and, more generally, its 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 disclaims any intention or obligation to update or revise any forward-looking statements or to explain any material difference between subsequent actual events and such forward-looking statements, except to the extent required by applicable law.
Further information regarding Nemaska Lithium is available in the SEDAR database (www.sedar.com) and on the Corporation's website at: www.nemaskalithium.com.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Victor Cantore
Investor Relations
514 831-3809
victor.cantore@nemaskalithium.com
Fanny-Ève Tapp
Media Relations
514 442-0445
fanny-eve.tapp@nemaskalithium.com
Wanda Cutler
Investor Relations
416 303-6460
wanda.cutler@nemaskalithium.com
www.nemaskalithium.com
Post of the year!
Flurry of Supply Deals as World Scrambles for Tomorrow’s Lithium
A flurry of activity between producers and buyers is underway to lock down supply agreements for years to come. While Chinese buyers are leading the way with deals all over the world, North American buyers including Elon Musk’s Tesla Motors are also securing all that they can as the world prepares for the electric vehicle (EV) revolution.
These deals are happening earlier and earlier in the process as well, with Tesla’s latest deal being signed with a plant that’s not even built yet. The same goes for Chinese lithium buyer, General Lithium Corp., which is now signed on to buy supplies from a future Canadian mine that’s not expected to generate revenue until Q4 of 2019.
The winners in all this are the lithium producers, both present and future. These are based all over the world, including Australian miners Kidman Resources Limited (OTC: KDDRF), Pilbara Minerals Limited (OTC: PILBF), Chile’s Sociedad Quimica y Minera de Chile (NYSE: SQM), and Canadian miners Nemaska Lithium (OTC: NMKEF) (TSX: NMX) and QMC Quantum Minerals Corp. (TSX.V: QMC) (OTC: QMCQF).
A lithium supply gap is forcing buyers to aggressively jockey for position on global supplies as they roll off the production line. While this war for supplies heats up, the buyers must also be keeping tomorrow’s lithium mines and the miners on their radar.
These include the Mount Holland lithium JV project of Kidman Resources and SQM in Western Australia, and the Whabouchi Mine in Quebec, Canada, owned by Nemaska Lithium. Both of these mines are yet to be built, however, the bulk (if not all) of their supplies are already spoken for.
Calls are flooding other miners who are set to produce soon, like Pilbara Minerals on its Pilgangoora lithium-tantalum project—Despite the fact that the first stage is already 100% signed away to buyers General Lithium, and Ganfeng Lithium. Hence, the market is now looking towards which project is next in line to get a dance partner.
One junior that’s possibly moving closer to its own production in the years to come is QMC Quantum Minerals Corp. Bolstered by its 100%-owned Irgon Mine flagship project in mining friendly Manitoba, Canada, QMC controls what could be another lithium massive resource. Now they’ve assembled a technical team tasked with bringing the previously historic non-compliant resource into compliance, and to significantly expand Irgon’s size and potential.
Supply deals are being signed seemingly everywhere, as the market for lithium is showing no signs of slowing down. In order to meet the demand, new projects must continue to develop into production. With buyers getting out ahead of their competitors earlier and earlier, the financing for these new projects will likely become smoother, faster, and more prevalent.
LUCRATIVE LITHIUM SUPPLIERS: PRESENT AND FUTURE
Kidman Resources Limited (OTC: KDDRF)
The Australian miner made international headlines as it signed a three-year lithium supply deal with arguably the world’s most famous EV manufacturer, Elon Musk’s Tesla Motors. The fixed-price deal is set to commence once Kidman’s project in Western Australia begins production. The Mount Holland hardrock lithium project in western Australia is a joint venture with Chile’s SQM, the world’s second-largest lithium producer. Kidman is also building a refinery to process its lithium into battery-grade material, which is expected to commence construction in 2021.
Sociedad Quimica y Minera de Chile (NYSE: SQM)
Set inside the Kwinana Strategic Industrial area, south of Perth, SQM and Kidman’s JV refinery is set to be commissioned in 2021. The project has an initial annual nameplate capacity of 44,000 tonnes of lithium hydroxide or 37,000 tonnes of lithium carbonate. While Kidman recently signed its supply deal with Tesla, SQM has also been working on its own deals back in its home base of Chile. Midway through May, SQM received more than $4 billion for selling a sizeable stake of itself to China-based Tianqi Lithium.
Pilbara Minerals Limited (OTC: PILBF)
Now that it’s on the cusp of commissioning its Pilgangoora lithium-tantalum project, Pilbara is already being inundated with requests for lithium supply, according to company boss Ken Brinsden. Already, 100% of the expected 300,000-350,000 tonnes per annum of spodumene is committed under offtake deals with General Lithium and Ganfeng Lithium. However, there’s still a possible stage 2 expansion on deck, should Pilbara approve a final investment decision valued at over US$155 million in July. Ganfeng, Great Wall Motors and POSCO have options over all of the planned stage 2 production of 500,000-550,000 tonnes per annum as well. As things stand for the next few years, Pilbara is sold out.
Nemaska Lithium (OTC: NMKEF) (TSX: NMX)
Much like Pilbara, Canada’s Nemaska Lithium now has its own lithium supply agreement with General Lithium Corp. Based in the province of Quebec, Nemaska’s Whabouchi Mine will supply a significant quantity of spodumene concentrate on a take-or-pay basis at a market priced-based formula, at the time of delivery. The supply period is set to commence after the construction of the Whabouchi Mine and continue up to the full ramp-up of an electrochemical plant in Shawinigan, Quebec. Nemaska expects the spodumene concentrate sales to generate revenue by the last quarter of 2019.
QMC Quantum Minerals Corp. (TSX.V: QMC) (OTC: QMCQF)
While at a much earlier stage of development compared to Nemaska, QMC Quantum Minerals is making significant strides on its 100%-owned Irgon Lithium Mine Project in Manitoba. QMC recently reported it had engaged SGS Canada to provide technical support and consulting services to help carry out the company’s 2018 field exploration and drilling program. As well, SGS will use the data acquired through the 2018 exploration program to compile a NI 43-101 compliant technical report to confirm and potentially increase the previously non-compliant historical resource of 1.2 million tonnes at 1.51% Li2O. With a potentially massive resource in play, QMC could be the next Canadian lithium supplier.
MANITOBA’S MILLIONS OF MINING TONNES
With the possibility of a resource that could have significantly more than 1.2 million tonnes at 1.51% Li2O, QMC Quantum Minerals Corp. (TSX.V: QMC) (OTC: QMCQF) is getting closer to a major mining event in Manitoba. Having uncovered a long forgotten treasure in the Irgon Dike, QMC aims to capitalize on the significant increase in prices for today’s lithium versus when the discovery was first made.
Earlier in May, QMC disseminated historical assay results that were obtained during a 1956 channel sampling of the Irgon Dike where it is exposed underground in crosscuts on the 200-foot level. The company released a 3-D model, which demonstrates that, to date, exploration and underground development has been only undertaken on the upper and central portions of dike leaving significant potential to quickly increase tonnage, as the Irgon Dike is open both along strike and to depth.
The project was originally worked on by the Lithium Corporation of Canada in the 1950s, and now is finally getting an effective work program. With modern analysis, the potential for the project is far more massive than it was given credit for over 60 years ago. On site, a complete mining plant was previously installed, designed to process 500 tons of ore per day, and a three-compartment shaft was sunk to a depth of 74 meters. When work on the operation was suspended in 1957, the market for lithium oxides wasn’t favourable. However, with today’s prices (and the subsequent mad rush for supply and offtake agreements), the rebooting of the Irgon Mine project is not only sensible, but seemingly inevitable.
Disclaimer
Nothing in this article should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this article is not provided to any individual with a view toward their individual circumstances. Baystreet.ca has been paid a fee of ten thousand dollars for QMC Quantum Minerals advertising. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this article as the basis for any investment decision. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in this article is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.
Source: https://www.baystreet.ca/articles/stockstowatch/39331/Flurry-of-Supply-Deals-as-World-Scrambles-for-Tomorrows-Lithium
Flurry of Supply Deals as World Scrambles for Tomorrow’s Lithium
A flurry of activity between producers and buyers is underway to lock down supply agreements for years to come. While Chinese buyers are leading the way with deals all over the world, North American buyers including Elon Musk’s Tesla Motors are also securing all that they can as the world prepares for the electric vehicle (EV) revolution.
These deals are happening earlier and earlier in the process as well, with Tesla’s latest deal being signed with a plant that’s not even built yet. The same goes for Chinese lithium buyer, General Lithium Corp., which is now signed on to buy supplies from a future Canadian mine that’s not expected to generate revenue until Q4 of 2019.
The winners in all this are the lithium producers, both present and future. These are based all over the world, including Australian miners Kidman Resources Limited (OTC: KDDRF), Pilbara Minerals Limited (OTC: PILBF), Chile’s Sociedad Quimica y Minera de Chile (NYSE: SQM), and Canadian miners Nemaska Lithium (OTC: NMKEF) (TSX: NMX) and QMC Quantum Minerals Corp. (TSX.V: QMC) (OTC: QMCQF).
A lithium supply gap is forcing buyers to aggressively jockey for position on global supplies as they roll off the production line. While this war for supplies heats up, the buyers must also be keeping tomorrow’s lithium mines and the miners on their radar.
These include the Mount Holland lithium JV project of Kidman Resources and SQM in Western Australia, and the Whabouchi Mine in Quebec, Canada, owned by Nemaska Lithium. Both of these mines are yet to be built, however, the bulk (if not all) of their supplies are already spoken for.
Calls are flooding other miners who are set to produce soon, like Pilbara Minerals on its Pilgangoora lithium-tantalum project—Despite the fact that the first stage is already 100% signed away to buyers General Lithium, and Ganfeng Lithium. Hence, the market is now looking towards which project is next in line to get a dance partner.
One junior that’s possibly moving closer to its own production in the years to come is QMC Quantum Minerals Corp. Bolstered by its 100%-owned Irgon Mine flagship project in mining friendly Manitoba, Canada, QMC controls what could be another lithium massive resource. Now they’ve assembled a technical team tasked with bringing the previously historic non-compliant resource into compliance, and to significantly expand Irgon’s size and potential.
Supply deals are being signed seemingly everywhere, as the market for lithium is showing no signs of slowing down. In order to meet the demand, new projects must continue to develop into production. With buyers getting out ahead of their competitors earlier and earlier, the financing for these new projects will likely become smoother, faster, and more prevalent.
LUCRATIVE LITHIUM SUPPLIERS: PRESENT AND FUTURE
Kidman Resources Limited (OTC: KDDRF)
The Australian miner made international headlines as it signed a three-year lithium supply deal with arguably the world’s most famous EV manufacturer, Elon Musk’s Tesla Motors. The fixed-price deal is set to commence once Kidman’s project in Western Australia begins production. The Mount Holland hardrock lithium project in western Australia is a joint venture with Chile’s SQM, the world’s second-largest lithium producer. Kidman is also building a refinery to process its lithium into battery-grade material, which is expected to commence construction in 2021.
Sociedad Quimica y Minera de Chile (NYSE: SQM)
Set inside the Kwinana Strategic Industrial area, south of Perth, SQM and Kidman’s JV refinery is set to be commissioned in 2021. The project has an initial annual nameplate capacity of 44,000 tonnes of lithium hydroxide or 37,000 tonnes of lithium carbonate. While Kidman recently signed its supply deal with Tesla, SQM has also been working on its own deals back in its home base of Chile. Midway through May, SQM received more than $4 billion for selling a sizeable stake of itself to China-based Tianqi Lithium.
Pilbara Minerals Limited (OTC: PILBF)
Now that it’s on the cusp of commissioning its Pilgangoora lithium-tantalum project, Pilbara is already being inundated with requests for lithium supply, according to company boss Ken Brinsden. Already, 100% of the expected 300,000-350,000 tonnes per annum of spodumene is committed under offtake deals with General Lithium and Ganfeng Lithium. However, there’s still a possible stage 2 expansion on deck, should Pilbara approve a final investment decision valued at over US$155 million in July. Ganfeng, Great Wall Motors and POSCO have options over all of the planned stage 2 production of 500,000-550,000 tonnes per annum as well. As things stand for the next few years, Pilbara is sold out.
Nemaska Lithium (OTC: NMKEF) (TSX: NMX)
Much like Pilbara, Canada’s Nemaska Lithium now has its own lithium supply agreement with General Lithium Corp. Based in the province of Quebec, Nemaska’s Whabouchi Mine will supply a significant quantity of spodumene concentrate on a take-or-pay basis at a market priced-based formula, at the time of delivery. The supply period is set to commence after the construction of the Whabouchi Mine and continue up to the full ramp-up of an electrochemical plant in Shawinigan, Quebec. Nemaska expects the spodumene concentrate sales to generate revenue by the last quarter of 2019.
QMC Quantum Minerals Corp. (TSX.V: QMC) (OTC: QMCQF)
While at a much earlier stage of development compared to Nemaska, QMC Quantum Minerals is making significant strides on its 100%-owned Irgon Lithium Mine Project in Manitoba. QMC recently reported it had engaged SGS Canada to provide technical support and consulting services to help carry out the company’s 2018 field exploration and drilling program. As well, SGS will use the data acquired through the 2018 exploration program to compile a NI 43-101 compliant technical report to confirm and potentially increase the previously non-compliant historical resource of 1.2 million tonnes at 1.51% Li2O. With a potentially massive resource in play, QMC could be the next Canadian lithium supplier.
MANITOBA’S MILLIONS OF MINING TONNES
With the possibility of a resource that could have significantly more than 1.2 million tonnes at 1.51% Li2O, QMC Quantum Minerals Corp. (TSX.V: QMC) (OTC: QMCQF) is getting closer to a major mining event in Manitoba. Having uncovered a long forgotten treasure in the Irgon Dike, QMC aims to capitalize on the significant increase in prices for today’s lithium versus when the discovery was first made.
Earlier in May, QMC disseminated historical assay results that were obtained during a 1956 channel sampling of the Irgon Dike where it is exposed underground in crosscuts on the 200-foot level. The company released a 3-D model, which demonstrates that, to date, exploration and underground development has been only undertaken on the upper and central portions of dike leaving significant potential to quickly increase tonnage, as the Irgon Dike is open both along strike and to depth.
The project was originally worked on by the Lithium Corporation of Canada in the 1950s, and now is finally getting an effective work program. With modern analysis, the potential for the project is far more massive than it was given credit for over 60 years ago. On site, a complete mining plant was previously installed, designed to process 500 tons of ore per day, and a three-compartment shaft was sunk to a depth of 74 meters. When work on the operation was suspended in 1957, the market for lithium oxides wasn’t favourable. However, with today’s prices (and the subsequent mad rush for supply and offtake agreements), the rebooting of the Irgon Mine project is not only sensible, but seemingly inevitable.
Disclaimer
Nothing in this article should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this article is not provided to any individual with a view toward their individual circumstances. Baystreet.ca has been paid a fee of ten thousand dollars for QMC Quantum Minerals advertising. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this article as the basis for any investment decision. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in this article is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.
Source: https://www.baystreet.ca/articles/stockstowatch/39331/Flurry-of-Supply-Deals-as-World-Scrambles-for-Tomorrows-Lithium