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 (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."

Gwen Preston, Resource Maven (4/6/16)
"Nemaska Lithium Inc. released news of an updated feasibility study for its Whabouchi project in Quebec; the plan envisions a mine and concentrator at the project, in the James Bay Lowlands, and a hydromet facility in Shawinigan to convert lithium concentrate into lithium hydroxide. The study suggests Nemaska will be able to produce lithium hydroxide for $2,154/tonne and lithium carbonate for $2,753/tonne; those low costs mean the project should generate a 30.3% after-tax IRR. . .the day the news came out Nemaska shares gained 15% but by market close three days after the news Nemaska's share price had gained 36%."

David Talbot, Dundee Capital Markets (4/5/16)
"We reiterate our Buy for Nemaska Lithium Inc., our top lithium pick, with an increased price target of CA$1.20 from CA$1/share after incorporating updated feasibility study results. . .[the] Whabouchi lithium project's greatly anticipated feasibility update likely beat all expectations. . .we advise investors to be long the company when the Johnson Matthey deal is done."

Teresa Matich, Investing News Network (4/4/16)
"Nemaska Lithium Inc. saw a jump in share price Monday morning following the release of an updated feasibility study for its Whabouchi hard rock lithium mine and concentrator. . .the new feasibility study indicates a 100% increase in after-tax NPV to $1.19B, a 44% increase in after-tax internal rate of return to 30.3% and a payback period of 2.4 years, down from 3.7 years previously."

Jon Hykawy, Stormcrow Capital (3/14/16)
"Nemaska Lithium Inc. nears completion of $38M financing package required for Phase 1 Commercial Demonstration Plant. . .strategic investments from Resource Quebec ($10M) is a strong indication that RQ-Plan Nord will be willing to participate in the major construction financing. . .strategic investment from the Cree community is a critical piece to ensure local social acceptance of the project. . .by assembling the funds required to build the Demonstration Plant, we believe that 15% now represents the appropriate level of remaining risk. Thus, we are raising our target price from $0.70 to $0.90; our recommendation regarding Nemaska Lithium remains positive."

More Expert Comments

Experts Following This Company

Jon Hykawy, Analyst – Stormcrow Capital
Andrew Miller – Benchmark Mineral Intelligence
Simon Moores, Manager – Benchmark Mineral Intelligence
Gwen Preston, Founder Resource Maven
Paul Renken, Senior Geologist – VSA Capital
David Talbot, Vice President, Senior Analyst – Dundee Capital Markets
Ryan Walker, Analyst – Euro Pacific Canada

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