Some history/information available from prospectus on SEDAR!
Hope this helps until you receive a reply.
From June 22, 2017 prospectus, pages 5, 6, and 7...
General Business Activities and Objectives
The Corporation intends to become a lithium hydroxide and lithium carbonate producer and supplier to the emerging lithium battery market that is largely driven by electric vehicles, cell phones, tablets and other consumer products as well as energy storage. The Corporation is developing, what management of the Corporation believes to be one of the more significant spodumene lithium hard rock deposits in the world, both in volume and grade, known as the Whabouchi mine located in the Eeyou Istchee / James Bay Region of the Province of Québec (the “Whabouchi Property”)The spodumene concentrate extracted at that mine and produced at the commercial concentrator located on the mine site (the “Concentrator”)will be shipped to the Corporation's hydro-metallurgical processing plant to be built in Shawinigan, Québec (the “Commercial Hydromet Plant”), where it will be transformed into high purity lithium hydroxide and carbonate using the proprietary methods developed by the Corporation. The Corporation’s business objectives are to commence commissioning of the Whabouchi mine and Concentrator around the mid-2018 calendar year and to start the commissioning of the Commercial Hydromet Plant during the first quarter of the calendar year 2019. In order to achieve its objectives, the Corporation must continue to progress the engineering and the construction process at the Whabouchi mine site and commence the construction process at the Commercial Hydromet Plant during the third quarter of the 2017 calendar year.
Currently, the Corporation has built and is commissioning a Phase 1 hydrometallurgical demonstration plant (the “Phase 1Plant”), designed to produce high purity lithium hydroxide and lithium carbonate commercial samples from spodumene concentrate in order to qualify the Corporation’s products with customers, while building the Commercial Hydromet Plant and the Whabouchi mine and Concentrator. The Corporation’s Commercial Hydromet Plant
is designed to produce at a planned annual capacity of approximately
28,000 tonnes LCE (lithium carbonate equivalent). The Corporation intends to build the Commercial Hydromet Plant in the existing buildings owned by the Corporation and that are contiguous to the Phase 1 Plant. The Corporation owns proprietary processes of producing lithium hydroxide and lithium carbonate.
The Corporation currently holds four Canadian Patents Nos.
2,874,917,2,905,197, 2,871,092 and 2,928,227 which describe its proprietary processes or improvements for preparing lithium carbonate and lithium hydroxide from spodumene sources using membrane electrolysis and a fifth Canadian Patent (No. 2,940,027) which relates to methods for treating lithium-containing materials.
The Corporation was also granted patents in the United States (Nos.
9,382,126 and 9,677,181) and Australia(No. 2013270412) and other patent applications are pending in various countries for its proprietary processes. The Corporation also filed additional patent applications which cover optimization and evolution of the technology as a result of the Corporation’s ongoing optimization programs. The Corporation’s main milestones over the next 18 months are to (i)complete the commissioning of the Phase 1 Plant and start producing lithium hydroxide monohydrate and lithium carbonate
commercial samples from spodumene concentrate coming from the Whabouchi mine, (ii) complete the Whabouchi Project financing, (iii) order long lead items for both the Whabouchi mine and the
Commercial Hydromet Plant,(iv) continue building the required mine infrastructure and complete the construction of the Concentrator at the Whabouchi Property, (v) build the Commercial Hydromet Plant at the Shawinigan site,and (vi)continue its marketing efforts with potential clients in order to secure additional commercial off-take agreements. To date, Johnson Matthey Battery Materials Ltd. (“JMBM”)and FMC have agreed for the supply by the Corporation of lithium hydroxide monohydrate and lithium carbonate, respectively, on a combination of fixed and market pricing basis which account for purchase commitments for close to 50% of the Corporation’s commercial lithium salts production for 2019 onward once the Whabouchi Project is in full production and based on the production parameters of the Technical Report (as defined herein). See “Use of Proceeds and Other Available Funds – Business Objectives and Milestones”.
The Whabouchi Project requires a total investment of $549 million and the Corporation intends to raise the balance of the funds required for the Whabouchi Project by way of debt and/or equity financing. The Corporation is currently in discussions with different lenders in order to secure debt financing. In addition, the Government of Québec, the Corporation’s largest shareholder through Ressources Québec Inc.’s (“RQ”) holding of 29.4 million shares, remains highly supportive of the Corporation and the Whabouchi Project. Whilst the Corporation and RQ remain in ongoing discussions regarding a potential future capital investment in the Corporation to further support the realization of the Whabouchi Project no agreement has been reached between them to date. The Corporation will continue to evaluate its financing alternatives with a view towards maximizing shareholder value. However, there is no assurance that any such debt and/or equity funding will be available or will be completed on terms which are satisfactory to the Corporation. See “Risk Factors – Risks Related to the Corporation – Completion of Proposed Debt Financing and Indebtedness”, “Risks Related to the Corporation – Need for Additional Funding and Timing of Development” and “Risks Related to the Offering – Uncertainty of Additional Funding”. Recent Developments On June 20, 2017, the Corporation announced a second shipment of 3.5 tonnes of lithium hydroxide to JMBM, which meets
JMBM’s final lithium hydroxide specifications, and provided an update on the Phase 1 Plant operations, which should be fully commissioned and in production during the summer 2017.
The Phase 1 Plant is now producing lithium hydroxide on a continuous production mode basis using lithium sulfate provided by JMBM. The Corporation’s proprietary processes are performing at or above expectations. The remaining step to achieve full commissioning of the Phase 1 Plant is ongoing, namely the calcination/roasting process.
On June 12, 2017, the Corporation announced the Offering and provided an update on the Whabouchi Project.
On May 18, 2017, the Corporation announced it had obtained two new Canadian Patents (Nos. 2,871,092 and 2,928,227)
related to processes for preparing lithium hydroxide and an additional Canadian Patent(No. 2,940,027) related to methods
for treating lithium-containing materials. An Australian Patent (No. 2013270412) was also granted. Two additional patent applications were also accepted: (i)US patent application 14/396,109 (equivalent to Canadian Patent No. 2,871,092), was allowed by the United States Patent and Trademark Office (USPTO) on April 25, 2017 and Australian Patent application 2014339706 (the equivalent to Canadian Patent No. 2,928,227), was accepted on May 18, 2017.
On May 5, 2017, the Corporation announced that JMBM has made an early payment of $2 million to the Corporation (of the final $3 million milestone payment) following receipt of the first shipment of lithium hydroxide solution (see press releases of May 11, 2016 and April 17, 2017) in accordance with the commercial off-take agreement with JMBM for the supply of lithium hydroxide monohydrate (the “JMBM Agreement”). The final $1 million payment is expected to be made shortly by JMBM since the Corporation has delivered the second shipment of lithium hydroxide to JMBM that meets its final lithium hydroxide specifications as described above (see press release of June 20, 2017). On April 17, 2017, the Corporation announced that its first shipment of lithium hydroxide solution
(equivalent to 1.2 tonnes of lithium hydroxide monohydrate)was ready for delivery to JMBM for evaluation. On April 3, 2017, the Corporation received from FMC a lump sum payment of US$10,000,000 in accordance with the Supply Agreement (as amended to extend the timeline to supply FMC with lithium carbonate by no later than April 1, 2019) and as announced on March 22, 2017. On February 13, 2017, the Corporation announced it had received from JMBM a $3 million installment payment further to the review and acceptance by JMBM of the operating manuals for the Phase 1 Plant and the receipt by the Corporation of the certificate of authorization to operate the Phase 1 Plant. On January 11, 2017, the Corporation announced the acceptance of its patent application (No.2013270412) in Australia relating to its proprietary process of preparing lithium hydroxide and lithium carbonate using membrane electrolysis. On December 1, 2016, the Corporation provided an update on its mineral resources estimate following the completion of its summer 2016 definition diamond drilling campaign, resulting in an increase of (i)total measured and indicated mineral resources of 36.620 million tonnes
(“Mt”) at an average grade of 1.48% Li2 O from 27.991 Mt at an average grade of 1.57% Li2 O), and (ii) total inferred mineral resources of 7.188 Mt at an average grade of 1.37% Li2 O (from 4.686
Mt at an average grade of 1.51% Li2 O). The effective date of the mineral resource estimate is November 30, 2016. The tonnage estimate applies a bulk density of 2.71 t/m³ and the mineral resources are reported at a cut-off grade of 0.30% Li2 O. These estimates are subject to the assumptions, parameters and methods as disclosed in the press release of the Corporation dated December 1, 2016 titled “Nemaska Lithium Increases Mineral Resource at Whabouchi, Largest Lithium Hard Rock Resource in North America”.
On November 29, 2016, the Corporation announced it had obtained issuance of its first US patent (US Patent 9,382,126) for the process for preparing lithium carbonate using membrane electrolysis and its second Canadian patent (Canadian Patent 2,905,197) for the improvements of the electrolysis membrane process for preparing lithium hydroxide. On October 31, 2016, the Corporation announced
it had entered into the Supply Agreementwith FMC pursuant to which it will sell FMC 8,000 tons per year of lithium carbonate beginning in mid-2018. Further to the JMBM Agreement, this is the second
multi-year supply agreement for the Corporation. On July 8, 2016,
the Corporation announced the completion of the 2016 Prospectus
Offering and its graduation to the TSX pursuant to which all of its issued and outstanding Common Shares, including the warrants issued under the 2016 Prospectus Offering, commenced trading on the TSX under the trading symbol “NMX” for the Common Shares and “NMX.WT” for the warrants.
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