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Nemaska Lithium Inc.

TICKER: NMX:TSX.V; NMKEF:OTCQX

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.


The information provided below is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.

Expert Comments:

The Mining Report Interview with Luisa Moreno (7/8/14) "We cover Nemaska Lithium Inc. Nemaska has the Whabouchi project, the second-highest lithium grade deposit in the world. It's also in Québec and has 20 million tons in Measured and Indicated resources. It is a project that we are watching very closely. It's in the early stages, but it has great potential. . .the grade alone wouldn't do it, but the fact that Nemaska has a sizeable deposit close to good infrastructure—hydropower, road access—and a positive feasibility study, means it could potentially build an economically competitive lithium mine and plant in Quebec." More >

Arie Papernick, Secutor Capital Management Corporation (5/21/14) "Nemaska Lithium Inc. recently announced positive feasibility study results for its Whabouchi lithium hydroxide project. . .the company delivered solid feasibility results with improved economics over the 2012 PEA. . .with the feasibility study complete, Nemaska is now awaiting the receipt of permits so it can move forward with discussions regarding project financing."

The Energy Report Interview with Daniela Desormeaux (5/20/14) "When larger batteries start to commercialize on a massive scale, I think the world will need more lithium. . .new projects are necessary because, otherwise, we are going to have a very tight market by the end of the decade. Nemaska Lithium Inc. is among our three best mineral projects according to the signumBOX Performance Index. It's very likely that Nemaska is going to be part of the lithium supply in the near term but, of course, at a higher cost than current lithium produced from brines.

Generally speaking, for pegmatite projects we see that there is an opportunity in the lithium hydroxide industry because for them it is going to be difficult to compete in the lithium carbonate industry with the brine producers that have the lowest production cost. But in the case of the lithium hydroxide, the situation is different. Brine producers don't necessarily have the competitive advantage, so this can create an opportunity for these new projects." More >

Luisa Moreno, Euro Pacific Canada (5/15/14) "Feasibility results show Nemaska Lithium Inc.'s Whabouchi is simply a superior deposit. . .it has the second-highest grade lithium deposit in the world, and more than 50% higher than any other deposit in Quebec. . .we believe the company is significantly underpriced, given its stage of development."

The Metals Report Interview with Luisa Moreno (1/28/14) "We like Nemaska Lithium Inc. It has a good-sized, high-grade deposit in Québec. The company is working on its feasibility study and is looking to raise funds to build the first module commercial plant. Nemaska has an agreement with Phostech Lithium (private), which will take 100% of the production from its first plant. Sichuan Tianqi Lithium Industries Inc., the leading Chinese lithium company, owns 16% of Nemaska shares.

Nemaska is targeting the hydroxide market, rather than the carbonate market that Canada Lithium Corp. is in. Lithium hydroxide sells at higher price than lithium carbonate. This story has great potential." More >

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The Energy Report Interview with Luisa Moreno (8/22/13) "We've been following the progress of Nemaska Lithium Inc. We like how the Whabouchi project has progressed. The Whabouchi deposit grades are among the highest in the world. While most lithium junior companies are targeting the lithium carbonate market, Nemaska is focusing on lithium hydroxide, which is a higher value product. It can be sold at a price of more than $8K/tonne compared to $6K/tonne for carbonate, depending on grade. And lithium hydroxide is an increasingly interesting lithium compound for batteries because it also offers better performance.

Nemaska has also managed to secure strategic partnerships. One of them is with Sichuan Tianqi Lithium Industries Inc., a subsidiary of Chengdu Tianqi Industry Group Co. In addition, Nemaska has a secure partnership with Phostech Lithium (a subsidiary of Clariant Canada Inc., a member of Clariant AG Group), and is fairly close to production now. It wants to develop a modular plant to start producing lithium hydroxide.

So, to sum it up, we like its high-quality deposit, its unique business plan, its new process targeting a not-so-competitive part of the market and the partnerships that it has been able to secure. We have a Speculative Buy recommendation for the stock." More >

Mansur Khan, Dundee Precious Metals Inc. (11/13/12) "We reiterate our Speculative Buy rating for Nemaska Lithium Inc. with a 12-month share price target of CA$0.70. . .impressive assay results were announced from Sirmac this morning, the company's second lithium project located 125Km south of flagship Whabouchi in Quebec. . .this spodumene deposit is notably low in iron, which could make Sirmac marketable to the technical-grade market (glass, ceramics) that pays a premium. . .some intervals reach grades of over 2.5% Li2O, in line with the world's largest hard rock producer. . .we believe Nemaska continues to be undervalued relative to peers."

Matt Gowing, Mackie Research Capital (11/2/12) "Nemaska Lithium Inc. has entered into discussions with Tianqi Lithium Inc. on strategies to jointly market and pursue off-take agreements with global end-users of lithium hydroxide and lithium carbonate. . .this is an important milestone as Tianqi Lithium may play a key role in marketing the company's lithium hydroxide and carbonate into high-demand regions such as China and other Asian countries. . .this news helps support our thesis that Nemaska Lithium has one of the most advanced and high-grade hard rock lithium projects in the world."

Mansur Khan, Dundee Capital Markets (10/9/12) "Nemaska Lithium Inc. reported an updated PEA for its Whabouchi project in Quebec that was followed by its first off-take announcement the very next day. . .we are maintaining our Buy recommendation based on our 1-year target price. . .we believe the real drivers could be next summer or later when the operation of the phase 1 plant may prompt other off-take agreements."

Matt Gowing, Mackie Research Capital (10/4/12) "Nemaska Lithium Inc. has signed an off-take and collaboration agreement with Phostech Lithium Inc. . .under the agreement, the company intends to build a 500 tpa lithium hydroxide phase 1 plant. . .the Phostech order places Nemaska Lithium in a select group of lithium companies with a firm order. . .the company's announcement with Phostech is a continuation of Nemaska Lithium's success in attracting strong partners."

John Lee, Byron Capital Markets (10/3/12) "Nemaska Lithium Inc. released a summary of its PEA near the close of the bell. It envisioned capital costs of $454M, a mine life of 18 years with payback of 3.8 years, a pre-tax NPV of $567M and an IRR of 23.3%. . .the company envisions itself supplying over 50% of the battery market, or all of the market growth for the next four years. . .Nemaska is severely undervalued to those companies that are financed, but those companies already felt the effect of dilution from project financing."

Morning Coffee (10/3/12) "Nemaska Lithium Inc. released a preliminary economic assessment (PEA) for its Whabouchi mine and Lithium Hydroxide/Carbonate plant in Quebec; the PEA identified a mine with an 18-year mine life and a pay back of capital costs of 3.8 years. Life-of-mine production is expected to be 3.8 Mt of 6% lithium spodumene concentrate to be converted into approximately 366,000 t of battery-grade lithium hydroxide and approximately 177,000 t of battery-grade lithium carbonate. . .initial capex for the project is expected to be $454M including a $50M contingency; average cash for lithium hydroxide is estimated at $3,400/t and $3,500/t for lithium carbonate."

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