|Bid||0.2500 x 0|
|Ask||0.2550 x 0|
|Day's Range||0.2500 - 0.2600|
|52 Week Range||0.2200 - 0.9400|
|Beta (3Y Monthly)||0.53|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 19, 2019 - Aug 23, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||0.62|
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.
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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.
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).
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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.
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Chemicals group Johnson Matthey has secured a site in Poland to produce ultra-high energy battery materials and signed a 10-year supply deal with Canada's Nemaska Lithium as it seeks to grow its exposure to the electric vehicle market. Plant construction should begin this year at Konin, about 200 kilometres west of Warsaw, and it would have the potential to produce up to 100,000 tonnes per year, Johnson Matthey said in a statement on Thursday. Johnson Matthey in 2017 said it was preparing for the shift to electric driving by investing 200 million pounds ($263 million) in developing next-generation technology.
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.
Canada's main stock index rose on Monday amid renewed hopes that the United States and China would soon resolve their trade dispute, after President Donald Trump said he would delay raising tariffs on Chinese imports. * Trump also said he would hold a summit with China to sign a final trade deal, a day after signaling that he planned to meet with Chinese President Xi Jinping to conclude an agreement. * At 9:48 a.m. ET (14:48 GMT), the Toronto Stock Exchange's S&P/TSX composite index was up 42.83 points, or 0.27 percent, at 16,055.84.
Canada's main stock index inched higher on Tuesday, as shares of precious metal miners gained on the back of higher gold prices. * The materials sector added 1 percent as gold futures rose 1.0 percent ...
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.
Canada's main stock index rose on Wednesday, led by gains in healthcare stocks and the energy sector, which was supported by higher crude prices. * At 9:36 a.m. ET , the Toronto Stock Exchange's S&P/TSX ...