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Wednesday, March 06, 2013 1:43:39 PM
I hope that at some point Nemaska buys our lithium property and that Jordon does not let the claims expire.
Quebec, Quebec, Canada, March 1st, 2013.
Nemaska Lithium
Inc. (“Nemaska” or the “Corporation”) (TSX-V: NMX) (OTCQX: NMKEF) wishes to
clarify its February 7, 2013 press release announcing the decision to build a
Phase 1 Lithium Hydroxide and lithium carbonate Plant. The Phase 1 Lithium
Hydroxide and lithium carbonate Plant to be built in Salaberry-de-Valleyfield will
have an average combined capacity of 426 tonnes per year at 80 % plant
availability instead of the maximum 500 tpy mentioned.
About Nemaska
Nemaska intends to become a
lithium hydroxide/carbonate producer based in Quebec and has filed patent
applications for its proprietary methods to produce lithium hydroxide and
lithium carbonate. In tandem, the Company is developing one of the richest
spodumene lithium hard rock deposit in the world, both in volume and grade.
Spodumene concentrate produced at Nemaska’s Whabouchi mine and from other
global sources will be shipped to the Company’s lithium hydroxide/carbonate
processing plant located in Salaberry-de-Valleyfield, Quebec. This plant will
transform spodumene concentrate into high purity lithium hydroxide and lithium
carbonate for the growing lithium battery market. The Nemaska’s Whabouchi
deposit, located in the James Bay Region in the Province of Quebec, Canada,
near the Cree community of Nemaska, should have an initial mine life of 18
years.
Forward-looking
statements contained in this press release involve known and unknown risks,
uncertainties and other factors that may cause actual results, performance and
achievements of Nemaska to be materially different from any future results,
performance or achievements expressed or implied by the said forward-looking
statements.
Neither
TSX Venture Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
http://ih.advfn.com/p.php?pid=nmona&article=56594811&symbol=NMKEF
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