Nemaska Lithium Inc.

Nemaska Lithium Inc. is a development company with a high-grade lithium asset and patent-pending processes to produce high purity lithium hydroxide and lithium carbonate using electrolysis technology. The company's key asset is the Whabouchi deposit located in Quebec, Canada. At an average grade of 1.53% Li2O, it is the second richest hard rock deposit in the world. Nemaska Lithium has also developed a proprietary process to produce lithium hydroxide, a compound which is expected to outpace all other raw materials (including lithium carbonate) in battery applications. Nemaska Lithium is predicting to produce lithium hydroxide at competitive prices to its peers and, in many instances, at a lower cost.

Expert Comments:

Ryan Walker, Echelon Wealth Partners (7/20/16)
"Nemaska Lithium Inc. is powering forward with a charged-up bank account. . .we resume coverage on following completion of the Company's $69M equity financing, in which Echelon Wealth Partners participated as a syndicate member. . .NMX plans to apply the net proceeds from the raise to engineering work on the Whabouchi mine and concentrator and (funded) Shawinigan hydromet plant, down payments for long-lead items, drilling at Whabouchi, and for general working capital purposes. . .We reiterate our Speculative Buy rating and $2.05/shr price target."

David Talbot, Dundee Capital Markets (7/13/16)
"We reiterate our Buy rating for Nemaska Lithium Inc., our top lithium pick. . .Francois Godin has been appointed VP Operations. . .we believe his appointment helps to greatly improve the likelihood of Nemaska's start-up success, and ultimately economic sustainability. . .his appointment represents Nemaska's growing up into a legitimate developer and soon-to-be operator. . .his expertise spans the life of a mining project from design and construction, through to start-up, operations and mining and chemical process optimization. His experience includes building and starting the billion-dollar ilmenite mineral sands operation in Madagascar."

David Talbot, Dundee Capital Markets (7/11/16)
"Nemaska Lithium Inc.'s $69 MM equity raise helps fund 14,000m of resource drilling, engineering, down payments on long lead items, concentrator steelworks and working capital. . .phase 1 plant construction/operation were already funded. . .this is an important year as we anticipate ongoing, positive news that may further increase our valuation such as resource and mine enhancements to improve economics; accelerated concentrator construction in advance of winter; and significant de-risking of the process, customer base and future project funding.

Jon Hykawy, Investing News Network (6/27/16)
"Nemaska Lithium Inc. is a favorite story of ours. Good deposit, good grade compared to a lot of the other hard rock miners. . .the more important thing for me is the technology; the technology that they're developing and testing conservatively and step-by-step is basically a technology that can be applied in a lot of other places."

Ryan Walker, Echelon Wealth Partners (6/2/16)
"We are initiating coverage on Nemaska Lithium Inc. with a SPECULATIVE BUY recommendation and 12-month price target of $2.00/shr. . .Nemaska and Johnson Matthey Battery Materials Ltd. (JMBM) recently finalized collaboration, financial support, and lithium salt supply agreements outlined under a November 2015 MOU. . .Nemaska remains on schedule for plant commissioning by the end of C2016, with delivery of commercial samples of battery-grade lithium hydroxide expected in CQ217. . .a second associated agreement provides for a long-term supply relationship for lithium salts with JMBM, representing Nemaska's first commercial offtake agreement."

David Talbot, Dundee Capital Markets (5/11/16)
"We reiterate our Buy for Nemaska Lithium, our top Li pick, with an increased price target of C$1.50/sh from C$1.20/sh after increasing our multiple applied to our 10% DCF to 0.9x from 0.7x on decreased financing risk. . .Nemaska and Johnson Matthey Battery Materials signed the final agreement for the $12 MM, non-dilutive up-front payment for services and products from the Phase 1 Plant, as expected. The deal completes the funding required to build and run the demo plant for a two year period and is a major milestone."

More Expert Comments

Experts Following This Company

Jon Hykawy, Analyst – Stormcrow Capital
Gwen Preston, Founder Resource Maven
Paul Renken, Senior Geologist – VSA Capital
David Talbot, Vice President, Senior Analyst – Dundee Capital Markets
Ryan Walker, Analyst – Echelon Wealth Partners

The information provided above is from analysts, newsletters, the company and other contributors.

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Investing Highlights
World Class Lithium Asset With Positive Feasibility Study
Proprietary technology to produce highest quality lithium hydroxide at lowest costs
Seasoned and experienced management team of Lithium experts