Nemaska Lithium Welcomes New Directors
March 12 2019 - 6:00AM
Nemaska Lithium Inc. (“
Nemaska
Lithium” or
the “
Corporation”) (TSX: NMX) (OTCQX: NMKEF)
(FRANCFORT: N0T) is pleased to announce the appointment of two new
members to its Board of Directors:
- Mr. Jacques Mallette, President & Chief Executive Officer
of Raymor Industries Inc., a high technology company specialized in
manufacturing advanced carbon materials for batteries and
electronics, and a seasoned director of companies; and
- Mr. Luc Séguin, consultant, former senior executive of
Investissement Québec (“IQ”) and of its
predecessor Société générale de financement du Québec
(“SGF”), and a seasoned director of
companies.
Mr. Mallette is a senior executive and director
with considerable experience within international companies,
publicly- or privately-held; he is also an entrepreneur-investor in
a high technology enterprise. He was notably a senior executive of
Québecor Inc. from 2003 to 2007 and president & CEO of World
Color Press from 2007 to 2009. He is a member of the Québec’s Order
of Chartered Professional Accountants and graduated from l’École
des Hautes Études Commerciales in Montreal.
Mr. Séguin has a 25-year experience in
operational and general management in the industrial sector,
including eight years in Europe, followed by 12 years in corporate
development and financing. He was notably senior vice president,
mines, metals, energy & environment from 2003 to 2011 with SGF,
and vice president at IQ from 2011 to 2015. He is a member of
Québec’s Ordre des ingénieurs, graduated from l’École Polytechnique
in Montreal and is an administrateur de sociétés certifié (ASC –
Certified Company Director).
Michel Baril, Chairman of the Board of Nemaska
Lithium, commented: “We are very happy to have Jacques and Luc
joining us as directors. Their significant experience as seasoned
executives will prove a great addition to the Corporation,
especially in the context of the current review of financing and
strategic alternatives. Their combined experience and expertise not
only proves remarkable, but also complementary to those of the
actual members.”
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.
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 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 including, but not
limited to, those relating to the Corporations’ long-term
potential, 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 Corporation being able to bring the
Whabouchi mine and the Shawinigan plant to commercial
production.
Forward-looking statements contained in this
press release including, without limitation, those related to the
above “About Nemaska Lithium” paragraph which essentially describes
the Corporation’s outlook, constitute ''forward-looking
information'' or ''forward-looking statements'' within the meaning
of certain securities laws, and 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 and future events, could differ
materially from those anticipated in such statements.
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
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 Cantore |
Wanda
Cutler |
Investor Relations |
Investor Relations |
514 831-3809 |
416 303-6460 |
victor.cantore@nemaskalithium.com |
wanda.cutler@nemaskalithium.com |
|
|
Gabrielle Tellier |
|
Media
Relations |
|
514 348-0466 |
|
gabrielle.tellier@nemaskalithium.com |
|
www.nemaskalithium.com