NMKEF - Nemaska Lithium Inc.

Other OTC - Other OTC Delayed Price. Currency in USD
0.1241
+0.0016 (+1.31%)
At close: 3:51PM EST
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Previous Close0.1225
Open0.1290
Bid0.0000 x 0
Ask0.0000 x 0
Day's Range0.1158 - 0.1290
52 Week Range0.1100 - 0.5720
Volume247,372
Avg. Volume113,968
Market Cap104M
Beta (5Y Monthly)1.26
PE Ratio (TTM)N/A
EPS (TTM)-0.0220
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • GlobeNewswire

    Nemaska Lithium Announces Court Order for Interim Distribution of Nominal Amount of USD 350M Senior Secured Bonds

    QUÉBEC CITY, Dec. 05, 2019 (GLOBE NEWSWIRE) -- Nemaska ​​Lithium Inc. (“Nemaska Lithium” or the “Corporation”) (NMX.TO) (NMKEF) (N0T.F) informs the market that the Superior Court of Québec has ordered the Corporation and the Nordic Trustee of the USD 350M nominal amount of the Senior Secured Bonds issued pursuant to the bond offering announced on May 10, 2018 (the “Bonds”), to cooperate so as to cause the escrow manager of the Bonds to distribute to Bondholders from the amounts held in the USD escrow account the USD 350M nominal amount. The distribution to Bondholders is expected to occur within 15 business days of November 27, 2019 and shall be made in accordance with the Bond Terms and without prejudice to any right of the Bond Trustee under the Bond Terms to withhold funds from, and previously to, such distribution to cover fees, costs, expenses, indemnity or any other amount payable to the Nordic Trustee under the Bond Terms, as the case may be.

  • GlobeNewswire

    Nemaska Lithium Provides Update on Whabouchi Project

    Nemaska Lithium (Nemaska Lithium Inc. (“Nemaska Lithium” or the “Corporation”) (NMX.TO) (NMKEF) (N0T.F) today provides an update on its Whabouchi Project and the status of its ongoing efforts to complete the project financing. Nemaska Lithium also takes this opportunity to provide details on the activities at the mine site and the Phase 1 plant. “We continue working with Pallinghurst and our other strategic partners on completing an optimized project financing structure to be submitted to the shareholders’ approval as soon as possible,” said Guy Bourassa, President and CEO of Nemaska Lithium.

  • GlobeNewswire

    Nemaska Lithium Provides Update on the Whabouchi Project

    As a result, the Corporation must downsize by letting go of 64 employees. In this context, the Corporation is obliged to carry out a collective dismissal, as it expects that mine and plant production preparation activities will need to be slowed down pending the completion of financing. As we cannot confirm the timeline for the resumption of construction, and although negotiations with Pallinghurst are progressing well, this is the responsible decision to be made,” says Guy Bourassa, President and CEO of Nemaska Lithium.

  • GlobeNewswire

    Nemaska Lithium Provides an Update on its Whabouchi Project and Negotiations with Pallinghurst Group

    Nemaska Lithium Inc. (“Nemaska Lithium” or the “Corporation”) (NMX.TO) (NMKEF) (N0T.F) today provides an update on the progress of its Whabouchi Project as well as the constructive continuation of the financing discussions with The Pallinghurst Group (“Pallinghurst”). This update is carried out following the filing, on September 30th, of its Annual Financial Statements, Annual Information Form and Management Discussion and Analysis (MD&A) for the year ended June 30, 2019, and the signing of an agreement with Pallinghurst which extends until December 31, 2019, the exclusivity of the period to complete the financing from Pallinghurst.

  • GlobeNewswire

    Nemaska Lithium receives Notice from the Nordic Trustee regarding its USD 350M Senior Secured Bonds

    Québec, Québec, Sept. 25, 2019 (GLOBE NEWSWIRE) -- Nemaska ​​Lithium Inc. (“Nemaska Lithium” or the “Corporation”) (NMX.TO) (NMKEF) (N0T.F) informs the market that it has been notified today of a notice published by Nordic Trustee AS who is holding in escrow the USD 350M proceeds from the Senior Secured Bonds (“Bonds”). As previously disclosed, Nemaska Lithium is of the opinion that the resolution, published without the Corporation`s consent, has no legal effect on the Corporation or the Bond terms, as it purports to amend the Bond terms without the consent of the Corporation. Nordic Trustee AS has previously confirmed in writing to the Corporation that the deadline in Article 13.9 of the Bond terms to effect a prepayment of the Bonds expired on September 13, 2019.

  • GlobeNewswire

    Nemaska Lithium receives Notice from the Nordic Trustee regarding its USD 350M Senior Secured Bonds

    QUÉBEC CITY, Sept. 25, 2019 (GLOBE NEWSWIRE) -- Nemaska ​​Lithium Inc. (“Nemaska Lithium” or the “Corporation”) (NMX.TO) (NMKEF) (N0T.F) informs the market that it has been notified today of a notice published by Nordic Trustee AS who is holding in escrow the USD 350M proceeds from the Senior Secured Bonds (“Bonds”). The notice states that a written Bondholders` resolution seeking approval of Bondholders to instruct Nordic Trustee AS to refrain from effecting, among other things, any prepayment of the Bonds was approved with the requisite majority. As previously disclosed, Nemaska Lithium is of the opinion that the resolution, published without the Corporation`s consent, has no legal effect on the Corporation or the Bond terms, as it purports to amend the Bond terms without the consent of the Corporation.

  • GlobeNewswire

    Nemaska Lithium Announces Court Application for the Discharge of Security Securing the USD 350M Senior Secured Bonds

    Nemaska ​​Lithium Inc. (“Nemaska Lithium” or the “Corporation”) (NMX.TO) (NMKEF) (N0T.F) informs the market that, pursuant to Article 13.9 of the Bond terms, the Corporation has informed the Nordic Trustee that it acknowledges the set-off of the USD 350M nominal amount of the Senior Secured Bonds issued pursuant to the bond offering announced on May 10, 2018 (the “Bonds”), together with accrued interest up to September 16, 2019, with all obligations of the Corporation under the Bond terms being extinguished as of such date. Following the publication of the updated National Instrument (NI) 43–101 Technical Report on July 31st, 2019, a Project Completion Cut-Off Event, as defined in the Bond terms, was triggered as a result of the overall project completion date being delayed to later than June 2021 without the Bond terms being amended.

  • GlobeNewswire

    Nemaska Lithium Releases Updated NI 43-101 Technical Report

    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.

  • GlobeNewswire

    Nemaska Lithium Announces CAD 600M Equity Investment Proposal from The Pallinghurst Group

    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.

  • 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.

  • GlobeNewswire

    Nemaska Lithium Provides Project Update

    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).

  • GlobeNewswire

    Nemaska Lithium Announces Departure from Board of Directors

    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.

  • GlobeNewswire

    Nemaska Lithium Receives Independent Audit Report From BBA

    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.

  • GlobeNewswire

    Nemaska Lithium and Johnson Matthey Expand Lithium Hydroxide Supply Agreement

    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.

  • GlobeNewswire

    Nemaska Lithium Provides an Update on the Whabouchi Project Deployment Plan

    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.

  • GlobeNewswire

    Nemaska Lithium Welcomes New Directors

    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.

  • GlobeNewswire

     Nemaska Lithium Sends Lithium Hydroxide Monohydrate Samples to Several Potential Customers

    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.

  • GlobeNewswire

    Smart Money in the Lithium Sector Betting on Future Global Demand

    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.

  • GlobeNewswire

    Nemaska Lithium Reviews Strategic Alternatives

    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.

  • GlobeNewswire

    Nemaska Lithium Terminates FMC (Livent) Supply Agreement

    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.

  • GlobeNewswire

    Nemaska Lithium to Host Conference Call to Discuss Project Update

    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.

  • GlobeNewswire

    Update on Overall Whabouchi Project

    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.