Nemaska Lithium

Primary ticker: TSX:NMX
Stage of development: Development
Primary minerals: Lithium

Live financials

Nemaska Lithium (TSX:NMX and OTCQX:NMKEF) is building North America’s richest and largest hard rock lithium project and lithium salts (LiOH and Li2CO3) processing facility through a unique deposit in Nemaska and a state-of-the-art transformation plant in Shawinigan, both located in Québec, Canada. The project is fully funded and permitted and construction has begun, making it one of the next fully integrated lithium salts suppliers in the world. Once in commercial production, Nemaska Lithium is projecting to be the lowest cost producer of lithium hydroxide and one of the lowest cost producers of lithium carbonate in the world. Major shareholders include Softbank and Government of Quebec.

Management Profile

Guy Bourassa – President and CEO

Mr. Bourassa is President and CEO of Nemaska Lithium Inc. since the Company’s inception in 2008, bringing more than 30 years of experience in the mining industry to this role. Among other things he was instrumental in identifying and negotiating the acquisition of the Whabouchi lithium property and securing over $1.3B through different types of financing to develop the Whabouchi project. Through his leadership, the Company brought an historical lithium showing to a world class deposit and has developed new innovative processes of producing high purity lithium hydroxide and lithium carbonate, which should allow Nemaska to become a world leader in these lithium salts markets. Mr. Bourassa is a recognized industry expert on lithium exploration and development and has spoken at numerous national and international conference. Throughout his career, Mr. Bourassa has been involved in exploration and mining companies as President and CEO, legal counsel and in-house corporate counsel and director. These companies were producers of gold, copper, calcite and dolomite. Mr. Bourassa holds a law degree from Université Laval.

Wanda Cutler and Victor Cantore – Investor Relations

Both Wanda and Victor have been with Nemaska Lithium since the Company’s public listing in 2009 and work closely with the Company’s CEO Guy Bourassa, Acting as Company spokespersons, Wanda and Victor frequently speak at national and international conferences on the lithium market and Nemaska Lithium as an emerging producer.

What is your rationale for attending 121 Mining Investment?

Nemaska Lithium is looking to increase its exposure to an international investor base. The Company recently completed its project financing raising CAD1.1B for the construction of a lithium mine and lithium electrochemical plant. The mine will take approximately 12 months for construction and commissioning and 24 to 27 months for the construction and commissioning of the electrochemical plant. Approximately 90% of Nemaska Lithum’s future production is currently spoken for. Sales of spodumene concentrate are expected to begin in H2 2019 with lithium salts sales expected to commence in H2 2020.

What recent news would you like to highlight to investors attending?

Nemaska Lithium is currently producing from its Phase 1 Plant which uses commercial technology to produce samples of lithium hydroxide to be sent to customers globally. The purpose is to enable customers to receive and qualify lithium hydroxide samples in advance of the completed construction and operation of the commercial facilities. To date Nemaska Lithium has signed several take-or-pay off take agreements and has committed about 90% of its commercial production.
The company recently completed its CAD1.1B commercial project financing (debt, streaming and equity).

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

With the project financing complete the final financial milestone necessary to complete construction has been achieved. Management is now focused on building the project on time and on budget.

In a sentence, what do you think makes your company such a compelling investment?

Senior Management has invested their own equity in Nemaska Lithium throughout the Company’s stages of development.
By being a vertically integrated company, Nemaska Lithium owns and controls the lithium concentrate, an important factor in the overall cost of finished product (lithium hydroxide and lithium carbonate). This coupled with the proprietary low cost processing method enables Nemaska Lithium to be the lowest cost producer once in commercial production. In addition, Nemaska Lithium is committed to making the green lithium chemicals using the latest mining techniques and green hydro electricity.