Nemaska Lithium Inc NMKEF

RE:Potential End User Funding

[Bluebirds]

Following full mine permit approval tomorrow, I would be highly surprised if this is not followed up within days with end user funding details or an offtake deal described in 'Tesla's Next Supplier' post further down messageboard.

Bluebirds wrote:

The likelihood is that Tesla and its peers will help Nemaska and other lithium hopefuls with up-front capital in return for certainty of supply, and that dynamic means that the usual market uncertainty about any given company’s ability to secure development funding are greatly mitigated.
At UK broking house SP Angel, Bonnie Hughes points out that Tesla has undertaken to source all of its raw materials from North America.
That has its good and bad points as far as global suppliers are concerned, but it’s certainly likely to wake investors up to the potential that Nemaska offers before too long.

from: https://www.proactiveinvestors.co.uk/companies/news/109246/lithium-the-metal-of-the-future-if-there-s-enough-109246.html

–End users/strategic partners are also interested in taking an equity position

from corporate presentation: https://www.nemaskalithium.com/documents/files/corporate-presentation.pdf

Bourassa stated that Nemaska expects to see some funding support from the Quebec government’s Plan Nord program.
“This program was formed to, among other things, support the development of natural resources in Northern Quebec (north of the 49th parallel). A special $1-billion fund was created to take direct equity positions in companies developing projects in Quebec’s north,” Bourassa said. “Nemaska Lithium’s project is located in this territory and that is a definite positive in project financing discussions. We obviously have also initiated discussions with end users to be part of the financing structure for this project. Receiving the environmental permits will definitively help in the actual discussions.”

from: https://investingnews.com/daily/resource-investing/energy-investing/lithium-investing/nemaska-lithium-whabouchi-ea-approval/


US listing is rising fast today - up 20% at last check...