|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||0.1871 - 0.2029|
|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|
Nemaska Lithium Inc. (“Nemaska Lithium” or the “Corporation”) (NMX.TO) (NMKEF) (N0T.F) releases the results of its updated National Instrument (NI) 43–101 Technical Report (the “Report”) on the Whabouchi mine (“Whabouchi”) and Shawinigan electrochemical plant (the “Plant”) (together, the “Project”). Nemaska Lithium’s management team retained the services of engineering firms to make this Report (as defined in NI 43–101), following the Corporation’s funding gap announcement of February 13, 2019.
Nemaska Lithium Inc. (the "Corporation" or “Nemaska Lithium”) (NMX.TO) (NMKEF) (N0T.F) is pleased to announce that it has received and accepted a letter of intent (“LOI”) from The Pallinghurst Group (“Pallinghurst”), a global metals and mining industry investor, for the financing of the Whabouchi project, comprised of a lithium mine located in the Eeyou Istchee James-Bay territory and an electrochemical plant in Shawinigan. Pallinghurst’s LOI contemplates a CAD 200M private placement at CAD 0.25 per share and a stand-by purchase agreement to fully guarantee the successful completion of a rights offering of up to CAD 400M at the same issue price. Pallinghurst and the Corporation agreed to a 3-month exclusivity period to allow for, among other things, the finalization of definitive agreements and completion of Pallinghurst’s due diligence.
QUÉBEC CITY, May 16, 2019 (GLOBE NEWSWIRE) -- Nemaska Lithium Inc. (the “Corporation”) (NMX.TO) (NMKEF) (N0T.F) today provides an update on the overall Whabouchi project and discloses its quarterly financials. “We have made good overall progress during the past months on both the construction at the Whabouchi mine and the detailed engineering at the Shawinigan plant. As at March 31, 2019, the Corporation had on hand CAD $262.3M in unrestricted cash and cash equivalents and the equivalent in CAD $522M of restricted cash and in-trust deposits (mainly bond proceeds).
QUÉBEC CITY, May 03, 2019 (GLOBE NEWSWIRE) -- Nemaska Lithium Inc. (“Nemaska Lithium” or the "Corporation") (NMX.TO) (NMKEF) (N0T.F) today announced that Mr. Patrick Godin has left the board of directors after a year serving the Corporation. Investissement Québec (“IQ”) had appointed Mr. Godin as its representative on the board of directors of Nemaska Lithium, in accordance with the terms of an investment agreement between its subsidiary Ressources Québec Inc. and the Corporation. IQ has already undertaken a process to nominate its new representative to the Corporation’s board of directors.
BBA validates Nemaska Lithium's cost-to-complete estimate. The Corporation’s proactive approach to project management echoes the report’s recommendations. QUEBEC CITY, April 29, 2019 (GLOBE NEWSWIRE) -- Nemaska Lithium Inc. (“Nemaska Lithium” or the "Corporation") (NMX.TO) (NMKEF) (N0T.F) is pleased to announce that an external and independent audit conducted, at the request and under the supervision of the Board of Directors’ Special Committee, by multidisciplinary Canadian engineering firm BBA, has validated Nemaska Lithium’s internal cost-to-complete construction assessment as of February 13, 2019, based on the information that was then available to the Corporation.
QUÉBEC CITY, March 28, 2019 (GLOBE NEWSWIRE) -- Nemaska Lithium Inc. (the “Corporation”) (NMX.TO) (NMKEF) (N0T.F) is pleased to announce that it has modified and expanded its existing long-term supply agreement (announced May 11, 2016) for battery grade lithium hydroxide with Johnson Matthey Plc (JMAT.L) (www.matthey.com). Under this amended agreement, Nemaska Lithium agrees to supply Johnson Matthey, on a take-or-pay basis and through its wholly-owned subsidiary Nemaska Lithium Shawinigan Transformation Inc., a total of 61,000 tonnes of lithium hydroxide produced at the Corporation’s commercial plant in Shawinigan, for an initial 10-year supply period scheduled to start in 2021.
QUÉBEC CITY, Québec, March 25, 2019 (GLOBE NEWSWIRE) -- Nemaska Lithium Inc. (the “Corporation”) (NMX.TO) (NMKEF) (N0T.F) today provides an update on the deployment of the overall Whabouchi project. “The past couple of weeks have allowed us to develop an action plan to enable a more efficient and prudent pursuit of our activities. Clarksons Platou Securities and National Bank Financial have been mandated by the Corporation to lead a dual-track financing action plan.
QUEBEC CITY, March 12, 2019 -- Nemaska Lithium Inc. (“Nemaska Lithium” or the “Corporation”) (TSX: NMX) (OTCQX: NMKEF) (FRANCFORT: N0T) is pleased to announce the appointment.
Nemaska Lithium Inc. (the “Corporation”) (NMX.TO) (NMKEF) (N0T.F) is pleased to announce that it has started the qualification of its high purity lithium hydroxide monohydrate products with more than 20 customers globally. The Corporation began shipping samples within 60 days of installing drying and bagging equipment at its Shawinigan Phase 1 demonstration plant. This first delivery, completed in less time than expected, confirms our ability to produce superior quality battery grade lithium hydroxide from our Shawinigan Phase 1 plant facility.
POINT ROBERTS, Wash. and DELTA, British Columbia, Feb. 27, 2019 -- Investorideas.com, a leading investor news resource covering AI and lithium stocks issues the first article.
QUÉBEC CITY, Québec, Feb. 27, 2019 (GLOBE NEWSWIRE) -- Nemaska Lithium Inc. (the “Corporation”) (NMX.TO) (NMKEF) (N0T.F) today announced that, further to its update of February 13, 2019 on the evolution of the Whabouchi project, its Board of Directors has appointed a Special Committee to review all strategic alternatives for the Corporation. The Special Committee is comprised of independent members of the Corporation’s Board of Directors, being François Biron, Vanessa Laplante and Paul-Henri Couture, the latter acting as Chairman of the Special Committee. In connection with this review process, Clarksons Platou Securities AS has been engaged as financial advisor to the Corporation and the Board, National Bank Financial and PricewaterhouseCoopers have been engaged as financial advisors to the Special Committee and the Board and McCarthy Tétrault LLP has been engaged as legal advisor to the Special Committee and the Board.
Nemaska Lithium Inc. (“Nemaska Lithium” or the “Corporation”) (NMX.TO) (NMKEF) (N0T.F) announces that is has terminated its multi-year supply agreement (the “Supply Agreement”) with Livent Corporation (previously FMC Corporation – hereinafter “Livent”). The Supply Agreement pertains to the provision of up to 8,000 tonnes per year (28,000 tonnes in total during the term of the contract) of lithium carbonate starting April 1, 2019.
QUÉBEC CITY, Feb. 13, 2019 (GLOBE NEWSWIRE) -- Nemaska Lithium Inc. (the “Corporation”) (NMX.TO) (NMKEF) (N0T.F) will host a conference call today at 10:30 am EST. Nemaska Lithium Inc. is a developing chemical company whose activities will be vertically integrated, from spodumene mining to the commercialization of high-purity lithium hydroxide and lithium carbonate. With its products and processes, the Corporation intends to facilitate access to green energy, for the benefit of humanity.
QUÉBEC CITY, Feb. 13, 2019 (GLOBE NEWSWIRE) -- Nemaska Lithium Inc. (the “Corporation”) (NMX.TO) (NMKEF) (N0T.F) today provides an update on the evolution of the Whabouchi project (mine and electrochemical plant). The Corporation reports that construction and purchasing of equipment at both the Whabouchi mine and the Shawinigan electrochemical plant are progressing on schedule. The revised overall project cost reflects a more precise outlook on installation costs and other key variables to the completion of our project,” said Guy Bourassa, President and CEO of Nemaska Lithium.
Despite this growing demand, the Bank of Montreal only expects to see between 80,000 and 91,500 tons of lithium produced globally by 2025. Currently, nearly 90 percent of the world's lithium comes from evaporated liquid brine. In Chile, Bolivia, and Argentina, brine filled lakes - or salars - have produced world-class lithium concentrates upwards of 1,000 parts per million.
Investorideas.com, a leading investor news resource covering AI and lithium stocks issues a snapshot looking at lithium companies preparing to meet future demands in the market and how technology innovation may play a lead role. Looking at how this all plays out, Albemarle Corporation (NYSE:ALB) and Chile state development agency Corfo recently reached a deal to resolve a contract dispute centered around an amendment to the contract that requires Albemarle to provide as much as 25 percent of its annual production of lithium at a discount to companies seeking to produce battery metals within Chile. Albemarle operates in Chile's Salar de Atacama, a salt flat in the country´s northern desert that supplies nearly 40 percent of the world´s lithium.
Nemaska Lithium Inc. (the “Corporation”) (NMX.TO) (NMKEF) (N0T.F) announces that construction work at the Whabouchi mine will resume on February 5, 2019. Nemaska Lithium has located an alternate cafeteria facility which is approximately 1 km from the existing lodging facility that will be opened to accommodate Nemaksa Lithium’s employees until mid-March, when the Whabouchi mine site workcamp currently under construction will be opened. Thanks to their responsiveness, we will be able to quickly get back to constructing the mine with minimal to no delays,” said Guy Bourassa, President and CEO of Nemaska Lithium.
Nemaska Lithium Inc. (the “Corporation”) (NMX.TO) (NMKEF) announces that a fire that occurred last night has caused damages to the Nemiscau workcamp cafeteria, which hosts the construction workers of the Whabouchi mine located 15 kilometres further. The Corporation will be operating the Whabouchi mine in Québec, Canada, one of the richest lithium spodumene deposits in the world, both in volume and grade.
Nemaska Lithium Inc. (the “Corporation”) (NMX.TO) (NMKEF) is pleased to announce the appointment of Robert Beaulieu as its new Vice President, Operations. Since January 3, Mr. Beaulieu has been overseeing the construction and operations readiness work that will lead to the commissioning of the Whabouchi mine and the Shawinigan electrochemical plant. “We are truly pleased to welcome Robert to Nemaska Lithium, an incredible talent developed through various Canadian and international experiences,” said Guy Bourassa, President and CEO of Nemaska Lithium.
The event was also broadcast live online and will be available on the Corporation’s website, under the Investors’ tab. In the address he made at the meeting, President and CEO Guy Bourassa pointed out that the Corporation had reached several important milestones in 2018 and the first months of the fiscal year ending June 30, 2019, particularly in important areas such as financing, detailed engineering, construction, sales agreements and relationships with the communities of Whabouchi and Shawinigan. “I am especially proud of the progress the Corporation has made in the last few months through the concerted efforts of all our internal teams, supported by our many partners and external suppliers.
QUEBEC CITY, Dec. 12, 2018 -- Nemaska Lithium (TSX: NMX) (OTCQX: NMKEF) is pleased to invite its shareholders and the media to its 2018 Annual General and Special Meeting of.
QUÉBEC CITY, Nov. 19, 2018 (GLOBE NEWSWIRE) -- Nemaska Lithium Inc. (“Nemaska Lithium” or the “Corporation”) (NMX.TO) (NMKEF) is pleased to provide a construction project and development update for its Whabouchi mine and electrochemical plant in Shawinigan (the “project”). Occupational health and safety are of paramount importance to Nemaska Lithium, and as of October 27, 2018 the Corporation is pleased to report that there has been no lost time due to injury during the 245,397 construction and engineering hours worked at both Whabouchi and Shawinigan construction sites.
QUÉBEC CITY, Québec, Nov. 14, 2018 -- Nemaska Lithium Inc. (“Nemaska Lithium” or the “Corporation”) (TSX: NMX) (OTC: NMKEF) is pleased to announce today that Guy.