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 (12/1/16)
"Nemaska Lithium Inc. plans additional winter drilling on Doris, which remains open along strike. . .NMX also notes that the enlarged resource substantially increases the potential life of mine at Whabouchi. . .we contend that the updated resource estimate reaffirms the world-class nature of Whabouchi and suggests the potential for improved project economics. . .we await the results of an updated FS before making any changes to our mineable resource or operating assumptions. NMX notes that the FS, which will likely exclude any underground component, is expected by end of January. . .we maintain our Speculative Buy rating and $2.05/share target."

David Talbot, Dundee Capital Markets (12/1/16)
"We reiterate our Buy rating for Nemaska Lithium Inc., our top lithium pick,and increase our price target to C$2.30 from C$2.25/sh, based on a 0.8x multiple applied to our 10% DCF model. . .we increased our target on today's resource expansion and made a slight mine life extension. . .we expect a significant economic improvement due to a lower cut-off grade, incorporation of Doris discovery and SE zones which extended the (optimized) pit shell, as well as a potentially lower strip ratio (currently 1:2.2). . .despite this positive news, we believe the market is more interested in demo plant execution."

Ryan Walker, Echelon Wealth Partners (11/28/16)
"Nemaska Lithium Inc. reported assay results from 17 drill holes on the new Doris zone at the Whabouchi lithium project in Quebec. . .importantly, the drilling results potentially represent the conversion of material previously considered in-pit waste into ore. The weighted average grade of the Doris holes compares well with the existing open-pit Proven and Probable Reserve of 20M tonnes at 1.53% Li2O. . .we maintain our Speculative Buy rating and $2.05/shr price target."

Joe Reagor, ROTH Capital Partners (11/28/16)
"Nemaska Lithium Inc. announced drill results from its recent Doris zone discovery. Results confirmed and expanded the new discovery, which could eventually result in an increased mine life for NMX, in our view; thus, we are reiterating our Buy rating and CAD$2.40 price target. . .these drill results support our prior belief that there is significant resource expansion potential at NMX's Whabouchi project."

Eric Zaunscherb, Canaccord Genuity (11/28/16)
"Nemaska Lithium Inc. describes Doris as containing 5 interconnected dykes that span 420m laterally and up to 440m in depth where it connects to the main zone. . .Nemaska published an updated feasibility study in April 2016 based upon a proven and probable reserve of 27.3Mt averaging 1.53% Li2O providing a 26-year mine life. . .we are maintaining our C$1.90 target price and SPECULATIVE BUY rating on Nemaska Lithium. . .Nemaska Lithium is trading at 0.15x NAV(5%) as compared to the 0.35x mean for covered exploration and development companies."

David Talbot, Dundee Capital Markets (11/28/16)
"We view initial assays positively from the newly discovered Nemaska Lithium Inc.'s Doris zone at the Whabouchi lithium pegmatite deposit in Quebec. . .we estimate Doris may help add over 300,000t LCE, or upwards of ten years LOM assuming our mineral inventory estimate is converted to reserves. . .expect plenty of positive news to emerge from Nemaska in the coming weeks, and this should be positive for the stock. . .we reiterate our Buy rating for Nemaska, our top lithium pick, with a price target of C$2.25, based on a 0.8x multiple applied to our 10% DCF multiple."

Nemaska Lithium has expanded the drill program at its Whabouchi lithium project following discovery of a new lithium-bearing zone, leading analyst David Talbot of Dundee Capital Markets to reiterate the investment thesis for Dundee's top lithium pick.
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More Expert Comments

Experts Following This Company

Thom Calandra, writer The Calandra Report
Jon Hykawy, Analyst – Stormcrow Capital
Gwen Preston, Founder Resource Maven
Joe Reagor, Analyst – ROTH Capital Partners
Paul Renken, Senior Geologist – VSA Capital
David Talbot, Vice President, Senior Analyst – Dundee Capital Markets
Ryan Walker, Analyst – Echelon Wealth Partners
Eric Zaunscherb, Analyst – Canaccord Genuity

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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