GREY:NMKEF - Post by User
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Calgary_ABon Nov 07, 2020 1:22am
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Post# 31856827
RE:Livent 25% of New Nemaska for $30 millions
RE:Livent 25% of New Nemaska for $30 millionsI bet Softbank is next....at the end of the movie they are all back in but the LONGS...
I TOLD YOU SO!
TicTacTo wrote: No volumes were ever delivered under this agreement, resulting in an additional $10 million termination penalty claim. On a net basis, including this settlement, the upfront capital commitment required by Livent upon transaction close is small, with roughly $10 million net cash outflow expected in 2020 and no further commitments expected until at least the second half of 2021.
Livent will contribute its expertise in production of battery grade lithium materials and in the development of a commercial strategy in a complex and fast changing market. This will include addressing matters such as the ultimate location of the chemical plant; the decision as to whether to produce lithium carbonate, lithium hydroxide, or both; and identification of the potential customers that will be the best long-term partners for New Nemaska.