NMKEF - Nemaska Lithium Inc.

Other OTC - Other OTC Delayed Price. Currency in USD
+0.0068 (+3.13%)
At close: 12:04PM EDT
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Previous Close0.2170
Bid0.0000 x 0
Ask0.0000 x 0
Day's Range0.2169 - 0.2274
52 Week Range0.1600 - 0.7200
Avg. Volume109,173
Market Cap189.061M
Beta (3Y Monthly)0.55
PE Ratio (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
Trade prices are not sourced from all markets
  • Financial Times

    SoftBank-backed Nemaska Lithium hits setback as bondholders walk away

    A SoftBank-backed Canadian lithium project has hit another setback after bondholders with $350m in debt decided to withdraw their support following delays to its construction. Nemaska Lithium said the bondholders would be repaid after it announced in July its mine in Quebec would be delayed beyond June 2021, in accordance with the original debt agreement with the company. Nemaska is struggling to finance the developing of the Whabouchi lithium mine following a dramatic fall in the price of lithium, which is a vital ingredient in electric car batteries.

  • Reuters

    UPDATE 1-Nemaska Lithium eyes fresh steps to raise capital for Quebec project -executive

    Nemaska Lithium Inc may issue new shares, take on new debt or sell assets as it hunts for fresh capital to build a lithium project in Quebec that faces cost overruns of more than $300 million, head of investor relations Wanda Cutler said on Wednesday. "Everything from M&A to more debt to equity is on the table," Cutler told the Fastmarkets Lithium Supply and Markets Conference in Santiago. Nemaska is developing the Whabouchi hard rock lithium project in northern Quebec, one of North America's largest deposits of spodumene.

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