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new multi-year lows as Nemaska Lithium plans key

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HowardHughs Member Level  Friday, 11/15/19 07:36:09 PM
Re: nygrande post# 1060
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new multi-year lows as Nemaska Lithium plans key project shutdown, still seeks capital

Nemaska Lithium plans key project shutdown, still seeks capital
Nov. 15, 2019 1:31 PM ET|About: Nemaska Lithium Inc. (NMKEF)|By: Carl Surran, SA News Editor
Nemaska Lithium (OTCQX:NMKEF -3.7%) says it will place its Whabouchi project in Quebec on care and maintenance before the end of the year, sending shares to new multi-year lows.

Nemaska says it is still working with investment firm Pallinghurst and other strategic partners to secure financing for the project.

As of Aug. 31, the company had incurred C$392M in cost overruns on total project budget of C$1.27B.

https://seekingalpha.com/news/3519952-nemaska-lithium-plans-key-project-shutdown-still-seeks-capital

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