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THE CRITICAL INVESTOR NEWSLETTER #004

Dear subscriber,

Today I am initiating coverage on Nemaska Lithium, a sponsoring company. I have been a long time shareholder of this excellent company, kept in touch, and recently they were so kind to sponsor my website. After securing capex funding for their important Phase 1 plant, they can finally show the world that their proprietary methods, which are already successfully tested on other locations under the critical eyes of financiers, can do the job for Nemaska itself. Capex funding for the entire Whabouchi project shouldn't take very long after off take candidates and financiers are able to witness and/or test commercial lithium hydroxide, produced from the Phase 1 plant which is actually a 500t pa module which can be added individually to full capacity. Although the Nemaska share has run up considerably the last 6 months, I believe there is still room for significant upside, also when taking into account the healthy fundamentals for lithium.

This is a link to the article:

Nemaska Lithium On Its Way To Become A Lithium Powerhouse

Executive summary

Nemaska Lithium has one of the best hard rock lithium deposit worldwide
The Whabouchi project, located in mining friendly Quebec, is fully permitted, and has the second highest grade of lithium oxide and second largest hard rock reserves globally behind the Greenbushes deposit in Australia
An updated Feasibility Study has been completed this year, generating solid results with an after tax NPV8 of US$928M (C$1.2B) and IRR of 30.3% based on a $439M capex and conservative $9500/t lithium hydroxide price, making it the most advanced lithium project around, and indicating lots of upside left after the recent runup
Nemaska just finalized the $12M Johnson Matthey Battery Materials off take agreement which was the last building block needed to complete the $38M funding needed for the important Phase 1 plant, and expects to start production from the Phase 1 Plant in Q1 2017
Through a series of catalysts, commercial production of the Whabouchi Mine and commercial Hydromet plant is planned to commence in H2 2018, which makes it the first new lithium producer in the Americas after Orocobre, and is in time to profit from the rapidly developing global EV/energy storage/fossil free trend
It's a long read, but as always, it could be worth your time and more. Thanks for your interest,

Regards,

The Critical Investor

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