Nemaska Lithium Announces Departure from Board of Directors
May 03 2019 - 4:30PM
Nemaska Lithium Inc. (“Nemaska Lithium” or the "Corporation")
(TSX: NMX) (OTCQX: NMKEF) (Frankfurt: N0T) today announced that Mr.
Patrick Godin has left the board of directors after a year serving
the Corporation.
"We understand and respect Patrick’s decision to
leave in order to fully dedicate himself to his professional
activities. I want to sincerely thank him for his contribution to
the Board over the past year. His deep knowledge of our industry
has been instrumental to his role as a director but also in his
involvement in Board committees," declared Michel Baril, Chairman
of the Board of Nemaska Lithium.
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. The
appointment shall be announced over the coming weeks.
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.
Certain important assumptions by the Corporation in making
forward-looking statements include, but are not limited to, the
obtaining of the additional capital required in a timely fashion to
fulfill the 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, and to
complete the construction of the project (Whabouchi mine and
Shawinigan plant).
Forward-looking statements contained in this
press release include, without limitation, those related to (i)
Investissement Québec’s designation of its nominee to the
Corporation’s board of directors, and (ii) 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. In particular, but without limitation,
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. For greater certainty,
any delay to secure the required additional financing or other
available strategic alternative may impact the construction
timeline and previously estimated required funds to complete
construction.
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
Relations514 348-0466gabrielle.tellier@nemaskalithium.com |
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