|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||0.1600 - 0.2400|
|52 Week Range||0.1600 - 0.7200|
|Beta (3Y Monthly)||0.48|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
London investor Pallinghurst Group has pledged C$200m in financing to Nemaska Lithium, a Canadian miner backed by Japan’s SoftBank, that hopes to develop a lithium project in Quebec. Nemaska said Pallinghurst had provided a “letter of intent” to provide C$200m ($153m) and also back a rights issue of up to C$400m to build its lithium mine and processing plant. In February Nemaska shocked investors by saying it needed an extra C$375m to complete the Whabouchi project in Quebec.
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.