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Bullboard - Stock Discussion Forum Nemaska Lithium Inc NMKEF

Nemaska Lithium Inc is a Canada based lithium company. It is engaged in exploring and evaluating lithium properties and processing of spodumene into lithium compounds in Quebec, Canada. The company supplies lithium hydroxide and lithium carbonate to the lithium battery industry used in electric vehicles, cell phones, tablets, and other consumer products.

GREY:NMKEF - Post Discussion

Nemaska Lithium Inc > 90% of lithium hydroxide,carbonate already committed ????
View:
Post by Tcheck on Dec 08, 2019 6:02pm

90% of lithium hydroxide,carbonate already committed ????

is this still the case 
And where does it leave us ?
i guess we would prefer to see batteriemakers and car makers coming to settle here in quebec  instead of sending the lithium abroad for others to use .but when your hands are tied there is not much one can do.
iq came late to the table. No strategic planning to be seen .


20 August 2018

However, with approximately 90% of its future annual production capacity already committed, Nemaska Lithium is currently more focused on properly executing the construction and upcoming commissioning of its project to satisfy its existing clients,” said Guy Bourassa, President & Chief Executive Officer of Nemaska Lithium.

Bourassa continued, “As we continue full speed ahead with the construction, we believe the value in Nemaska Lithium is supported by its strong fundamentals, including: a world class lithium deposit; a proprietary state of the art electrochemical lithium extraction process and strong off take agreements with reliable end users ?????


Wrong approach in my view.maybe it takes time to undo the wrongs .
lithium should be used here in quebec nowhere else .

Comment by TeddyBear on Dec 08, 2019 6:25pm
Due to delay need to renegociate Nemaska Lithium has secured lithium hydroxide offtake agreements with LG Chemicals, Johnson Matthey and Northvolt as well as an offtake for spodumene concentrate with Hanwa Co., Ltd. These contracts must be renegotiated subject to project financing. In addition, SoftBank, a global technology player,  ...more  
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