|Bid||0.000 x 0|
|Ask||0.000 x 0|
|Day's Range||0.0000 - 0.0000|
|52 Week Range|
|Beta (3Y Monthly)||1.51|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Investors who piled into electric-car metals can’t seem to catch a break. Cobalt prices have fallen more than 30% in 2019 to their lowest level in two years, according to figures from commodity-price provider Fastmarkets through Feb. 6. The descent in both markets is a reversal from 2017, when investors sent prices soaring as they anticipated a wave of demand would lead to supply shortages.
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.
, said it needs a further C$375M ($283m) to complete its lithium mine in Québec. Nemaska said it had reassessed the costs of its Whabouchi hard-rock lithium asset following the start of construction. “We now have a better understanding on the remaining scope of the project, estimated budget and current market conditions,” Guy Bourassa, the chief executive of Nemaska said.
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.