RE:Japan SoftBank Yes something is going on behind the scene if Toby is going to China that many times this year.
KohKut wrote: Just a little info with recent capital from Asia....I know it's with NMX, however perhaps our company will get a partner as well in the near future. Just connecting the dots and Asia will be more favorable to Canada now with all Trump's antics.
Japan’s SoftBank to acquire 9.9% stake in Canada’s Nemaska Lithium Pedestrians walk past a SoftBank Group Corp. store in Tokyo, Japan. Photographer: Tomohiro Ohsumi Kanishka Singh, Ritsuko Ando April 6, 2018 Japan’s SoftBank Group Corp will buy up to 9.9 percent stake in Canada-based Nemaska Lithium Inc and invest up to C$99.1 million ($77.7 million) through a private placement as part of the agreement, the lithium miner said on Thursday. The investment, which SoftBank said was its first in the lithium industry, will be made through a private placement of share subscription receipts at C$1.12 ($0.8784) each. The investment will be used to fund the construction and commissioning of Nemaska’s Whabouchi Mine in Quebec and its Shawinigan plant, Nemaska Lithium said in a statement. SoftBank will have the right to nominate a member on Nemaska Lithium’s board and will also have the option to buy up to 20 percent of the miner’s lithium output over the long term, the company added. The investment comes at a time when lithium batteries are increasingly being installed in electric cars, including Tesla’s top-of-the-line Model X and General Motors Co’s modestly-priced Chevy Bolt. “We are extremely pleased to be further accelerating the Mobile Revolution, an era of IoT (Internet of Things) and electric vehicles enabled by the fusion of technology and energy storage”, SoftBank Chief Executive Masayoshi Son said in a separate statement. SoftBank has been investing aggressively in technology companies worldwide – mostly through its London-based Vision Fund – and has stakes in companies including U.S. ride hailing firm Uber Technologies Inc.
Read more at: https://www.dealstreetasia.com/stories/japans-softbank-to-acquire-9-9-stake-in-canadas-nemaska-lithium-95674/