Nemaska Lithium Inc. (TSX: NMX) (OTCQB:
NMKEF) (“Nemaska Lithium” or the
“Corporation”) 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. The President and CEO, Guy Bourassa, joined Stock Day’s
Everett Jolly to talk about their completely financed operation.
At the start of the interview, Jolly asked about construction
updates for Nemaska Lithium Inc.
“We have both sites,” Bourassa explained. “One for the
conversion and one for the mine. We are more advanced in the mine.
Currently we are pouring a lot of concrete before the freezing
period.”
Bourassa said they are planning to have all of the crushing and
sorting buildings up before the snowfall. He then went on to talk
about the concentrator, saying they have completed the foundation,
the building was already up and they are ready to move equipment
inside. He says they are on track to complete everything by the
third quarter of 2019.
Jolly then asked if Bourassa could explain to the listeners more
about his business. Jolly noted that Nemaska Lithium Inc
concentrates on high-purity lithium hydroxide and lithium salts,
but Jolly wanted to know what makes the company special.
“Well the main reason we are so special and quite unique is that
we are going to be a chemical company, vertically integrated, from
the mine to conversation of salt, mainly hydroxide and carbonate.
Both of which are required by the battery manufacturers,” said
Bourassa.
He went on to explain that being vertically integrated all in
the same jurisdiction, in the province of Québec, gives them a
leading advantage cost wise to the competition elsewhere in the
world.
Jolly then turned the conversation to a budget update on
construction. Bourassa explained they have about 50% of the
equipment already ordered and purchased.
“Engineering is also about 80% completed, so we are online with
the budget and online with the construction schedule with the mine.
We are less advanced with the electrochemical plant, which is a
three-year construction calendar. I expect it to be completed in
the third quarter or second half of 2020. So, everything is online
and still on budget.”
Jolly then noted they’ve raised a lot of money in the past 6
months and asked if Nemaska Lithium Inc. was looking at any mergers
and acquisitions. Bourassa said their focus is primarily on
completing the construction on budget.
“Of course, we don’t close our eyes and our ears and we are
always looking for potential acquisitions or potential
partnerships. But very, very clearly all of our efforts, liquidity,
and time is dedicated to make sure we make a success out of the
construction and ramp up of our operation here,” said Bourassa.
For a listen to the full interview, including hiring efforts,
listen to the entire podcast here:
https://upticknewswire.com/featured-interview-guy-bourassa-of-nemaska-lithium-inc-otcqx-nmkef-2/
About Nemaska Lithium
Nemaska Lithium 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. These lithium salts are mainly destined for the
fast-growing lithium-ion battery market, which is driven by the
increasing demand for electric vehicles and energy storage
worldwide. With its products and processes, Nemaska Lithium intends
to facilitate access to green energy, for the benefit of
humanity.
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. The spodumene concentrate produced at the
Whabouchi mine will be processed at the Shawinigan plant using a
unique membrane electrolysis process for which the Corporation
holds several patents.
Nemaska Lithium is a member of the S&P/TSX SmallCap Index,
S&P/TSX Global Mining Index, S&P/TSX Global Base Metals
Index, S&P/TSX Equal Weight Global Base Metals Index, and the
MSCI Canada Small Cap Index. For more information, visit
www.nemaskalithium.com or twitter.com/Nemaska Lithium.
Contact:Victor CantoreInvestor Relations514
831-3809victor.cantore@nemaskalithium.com
Cautionary Statement on Forward-Looking
Information
All statements, other than statements of historical fact,
contained in this press release including, but not limited to,
those relating to the expected unfolding of activities and
anticipated start of production at the Whabouchi mine and
Shawinigan plant sites, constitute “forward-looking information”
and “forward-looking statements” within the meaning of certain
securities laws and are based on expectations and projections as of
the date of this press release. Certain important assumptions by
the Corporation in making forward-looking statements include, but
are not limited to, the fulfillment of all conditions precedent to
receive the remaining proceeds from the project financing being the
second tranche payment under the Streaming facility and the Bonds
offering proceeds, such that all proceeds from the CAD1.1B
financing package will be received the Corporation.
Forward-looking statements contained in this press release
include, without limitation, those related to (i) the concentrate
production expected to start in H2 2019 with lithium salts
production expected in H2 2020, (ii) the mine construction having a
12 to 15 months schedule, (iii) the electrochemical plant having a
27-month construction schedule, (iv) the completion of concrete
pouring for certain buildings and major equipment before winter
2018-19, (v) the closing of the buildings for the garage, ore
sorters and crushing in January 2019, allowing for equipment
installation during the winter 2018-19, (vi) the plant building
being ready on schedule to receive equipment for the
electrochemical plant, (vii) the move-in to the Shawinigan
administrative office by this year-end, and (viii) generally, the
above “About Nemaska Lithium” paragraph which essentially describes
the Corporation’s outlook. Forward-looking statements are based on
expectations, estimates and projections as of the time of this
press release. Forward-looking statements are necessarily based
upon a number of estimates and assumptions that, while considered
reasonable by the Corporation as of the time of such statements,
are inherently subject to significant business, economic and
competitive uncertainties and contingencies. These estimates and
assumptions may prove to be incorrect. Many of these uncertainties
and contingencies can directly or indirectly affect, and could
cause, actual results to differ materially from those expressed or
implied in any forward-looking statements. There can be no
assurance that the Whabouchi mine and/or the Shawinigan
electrochemical plant will ever start production, as future events
could differ materially what is currently anticipated by the
Corporation.
By their very nature, forward-looking statements involve
inherent risks and uncertainties, both general and specific, and
risks exist that estimates, forecasts, projections and other
forward-looking statements will not be achieved or that assumptions
do not reflect future experience. Forward-looking statements are
provided for the purpose of providing information about
management's expectations and plans relating to the future, and,
more particularly, about management’s endeavors to (i) fulfill the
remaining conditions to access the remaining proceeds from the CAD
1.1B financing package, and (ii) complete construction and
commissioning both the Whabouchi mine and the Shawinigan
electrochemical plant such that both sites are brought to
commercial production. Readers are cautioned not to place undue
reliance on these forward-looking statements as a number of
important risk factors and future events could cause the actual
outcomes to differ materially from the beliefs, plans, objectives,
expectations, anticipations, estimates, assumptions and intentions
expressed in such forward-looking statements. All of the
forward-looking statements made in this press release are qualified
by these cautionary statements and those made in our other filings
with the securities regulators of Canada including, but not limited
to, the cautionary statements made in the “Risk Factors” section of
the Corporation’s Annual Information Form dated October 5, 2017 and
the “Risk Exposure and Management” section of the Corporation’s
quarterly Management Discussion & Analysis. The Corporation
cautions that the foregoing list of factors that may affect future
results is not exhaustive, and new, unforeseeable risks may arise
from time to time. The Corporation disclaims any intention or
obligation to update or revise any forward-looking statements or to
explain any material difference between subsequent actual events
and such forward-looking statements, except to the extent required
by applicable law.
Further information regarding Nemaska Lithium is available in
the SEDAR database (www.sedar.com) and on the Corporation's website
at: www.nemaskalithium.com.
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