Nemaska Lithium Sends Lithium Hydroxide Monohydrate Samples to Several Potential Customers
February 28 2019 - 2:45PM
Nemaska Lithium Inc. (the “
Corporation”) (TSX:
NMX) (OTCQX: NMKEF) (Frankfurt: N0T) 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. Sample sizes range from 450 g to
350 kg and have been requested by customers ranging from
cathode manufacturers, to battery makers to industrial grease
users, in addition to our existing offtake customers, which include
LG Chemicals, Johnson Matthey and Northvolt.
“We have just achieved a major milestone in our
vertically integrated project from mine to 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. I want to take this
opportunity to commend the efforts of our employees in delivering
such a high-quality product”, says Guy Bourassa, President and
Chief Executive Officer of Nemaska Lithium.
Product specifications of the lithium hydroxide
monohydrate shipped and a picture of Nemaska Lithium’s team are
joined to this press release.
About Nemaska Lithium
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. 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, the Corporation
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.
The Corporation 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.
Cautionary Statement on Forward-Looking
Information
All statements, other than statements of
historical fact, contained in this press release 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.
Forward-looking statements contained in this
press release include, without limitation, those related to (i) the
Corporation’s ability to produce superior quality battery grade
lithium hydroxide from Shawinigan, (ii) the commercial operations
of the project, and (iii) 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 electrochemical plant in Shawinigan will
be commissioned and will begin 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.
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 10, 2018, 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.
FOR FURTHER INFORMATION, PLEASE
CONTACT:
Victor CantoreInvestor
Relations514 831-3809victor.cantore@nemaskalithium.com |
Wanda Cutler Investor
Relations416 303-6460 wanda.cutler@nemaskalithium.com |
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Gabrielle TellierMedia Relations819 533-0080 ext.
2042gabrielle.tellier@nemaskalithium.com |
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Photos accompanying this announcement are available at
http://www.globenewswire.com/NewsRoom/AttachmentNg/859db2ae-f32d-4025-949c-a9726353fc93
http://www.globenewswire.com/NewsRoom/AttachmentNg/4c3958aa-d50e-492a-b789-f0dd207d24c4