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.

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Nemaska Lithium Inc > Not a word for Shawinigan in last PR

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Post by TeddyBear on Dec 23, 2019 8:23pm

Not a word for Shawinigan in last PR

Could be by extension but could also mean scope limited to spodumene at this step, remain 187M to complete mine but 690M for Shawinigan.

MONTRAL, Dec. 23, 2019 (GLOBE NEWSWIRE) -- Nemaska Lithium Inc. (the “Corporation”) (TSX: NMX) (OTCQX: NMKEF) (Frankfurt: N0T) announced today it has obtained from the Superior Court of Qubec protection from creditors under the Companies’ Creditors Arrangement Act (“CCAA”), to enable the Corporation to finalize its financing efforts in order to complete the construction and begin the operation of the Whabouchi project, following the previously announced cost reassessment.

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Comment by rob1237 on Dec 24, 2019 12:06am

The financing fell thru so they cannot raise the money needed to complete the construction hence the creditors protection. Usually thats the death nail. This is unlikely to trade again and will be delisted. Secured creditors will get whats left and maybe take this private and finance it or sell it. Common share holders get nothing. Even-if they find a white knight u will be ...more

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Nemaska Lithium Inc