Nemaska Lithium Inc NMKEF

Latest Monitor Report

[mick1888]

Encouraging news that 22 interested parties have signed Non Disclosure Agreements (NDA) and a further 4 are in discussions / negotiations. Next important date is 17 April closing date for Letter of Intent (LOI).

It will be interesting how many NDA's progress to LOI. But in any case, it is promising that even although there is a lot of turmoil in the financial markets and the Global Ecomomies, we still have Strategic and Financial partners seriously considering this project.

https://www.pwc.com/ca/en/car/nemaskalithium/assets/nemaskalithium-045_040920.pdf

GLTA longs (and keep smiling).... ;-)

[Tcheck]

Thanks mick for the pwc monitor report . yes there are some claims to be worked through . fmc livent is back with a 300 M claim . i thought we didn t owe them a penny . orion 100 M  i think we dont have to keep honouring the streaming agreements  General lithium is a chinese company  i didnt know they existed  Johnson matthey battery materials cant expect business as usual

[Brudom2002]

Esprons que quelques groupes ont de lintrt a maintenir lactionnariat en place

[mick1888]

Now that is the 64 million dollar question and the main crux of the matter for current retail Brudom. For me, the main issue for new investors will be labour. They will have to keep the local or expected labour force on side. I do not know if that is Cree workers or Quebecers, but in any case the deposit or the refining plant is useless without them. So how do you keep them on board, not by

[Takeactionnow]

The local community not only provides mine site labour and supplies, but they have a substantial equity position too. As has been the case with other Quebec mine developments, local involvement and support is a necessity.

[Calgary_AB]

Tcheck, carefull what you wish for... "Dismissal of the whole thing" How do you dismiss the secured creditors but not the not secured? You are not secured... I think the not secured will be dismissed first and then the secured will share whatever is left...probably not enough to pay back the whole thing but a precent that they agree to.... Good luck and be carefull what you wish for...

[TicTacTo]

Thanks for update

[Charlene]

Thanks, Mick.  Just imagine the interest if we didn't have Covid.  It a critical month coming up.  Good luck all.

[mick1888]

Cheers Charlene. Another good sign is that the deadline for LOI's has not been extended (yet) beyond 17 April which gives the impression SISP is going well.... ;-)

[Tiger737373]

Thanks, Mick and Takeaction, always interesting to read your post. When we take the time to analyse the last report, it is very nice to see several interested parties. But when we examine certain creditors, they are mainly due on the basis of contractual disputes over the delivery of the lithium products delivered. This does not mean that all of these requests will be considered once the CCAA is

[Takeactionnow]

Great insight, Tiger. A forward-thinking creditor, while needing to maximize their recovery of any amount owed in a worst-case scenario, wants financing to be achieved and should be prepared to take some risk in helping a restructuring happen. This is why service providers of cash-strapped companies will take shares as compensation. Down the road, more immediate revenues can be realized by getting

[Calgary_AB]

It's just funny how respectfull the two of you are to eachother, very respectfull PUMPERS. Don't you think you give it away that the two of you is just one preson? Keep crediting eachother... Got GOLD Takeaction? how come you don't post the days gold went up like crazy and how come you don't post that silver and gold is impossible to buy? if you find coins they are crazy spreads.

[phantom666]

What would be better for NMX, a strategic or a financial partner?

[Takeactionnow]

Both. They can benefit from an experienced operator and require capital to complete the project.  Having a business partner will bring additional skills to the table and spread the risk.

[mick1888]

TaN you give the impression you would be happy with someone like Pallinghurst as a Strategic partner, would you also be looking for an additional Financial institution to join this partnership or would you be comfortable just with the Pallinghurst / Traxys JV? After looking into Pallinghursts takeover of Gemfields and their treatment of the original investors of the latter, this single source of

[Takeactionnow]

Mick, your concerns are very valid. My preference is for both, since I feel there is value in a multi-pronged approach, and, in any event, the amount of capital required is too great for there to be only one source. For example, having an experienced mine operator, who might acquire half of the mine project as part of the deal, would eliminate the need to focus so much attention on what is really