Nemaska Lithium seems to have digested the huge financing earlier this year, and looks like it's creating a solid base chart-wise to build on. The company is very active on several fronts, but the focus is shifting more and more towards looking for capex funding. In my view the recent FMC off-take agreement is a nice stepping stone for debt package negotiations in this regard, and hopefully management can secure an arrangement in H1 2017. Successful operation of the Phase I Plant will probably convince other off-takers as well in my view.
Nemaska Lithium Secures Off-take Agreement With FMC As LCE Pricing Consolidates
Nemaska Lithium secures a 8000t LCE per annum off-take with FMC
LCE prices seem to be bottoming for now, a deficit is still expected well into 2018
The upside for the Nemaska thesis is still very much intact
The Critical Investor