NMX.TO

A Critical Q & A With Nemaska Lithium CEO Guy Bourassa

It has been relatively quiet around Nemaska Lithium the last 6 months or so, after it started construction on the Phase I plant and completed several early stage parts of the Whabouchi Mine, besides looking for capex financing packages along the way. Although lithium product prices held up very well at relatively high levels and are even slowly rising again:

Source: Galaxy Resources/CJ Securities by Seekingalpha

the Canadian stock market sentiment turned a bit soft/neutral, so an advanced and permitted lithium development story looking for major funding often doesn't get the most love from investors in this kind of climate, as can be seen in this chart:

After Closing Of C$69M Equity Financing, Nemaska Lithium Remains On Track For Q2 2018 Production

Whabouchi Project; pegmatites

Nemaska Lithium (NMX.TO) reached two important milestones on July 8, 2016, as it completed its previously announced public offering for aggregate gross proceeds of $69M, and got uplisted from the Venture to the TSX. This financing was important, as the company needed cash to proceed with down-payments for long lead items for the main project, which in turn were needed to stay on course with the time schedule leading to production in Q2 2018.

Subscribe to RSS - NMX.TO