GREY:NMKEF - Post by User
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CozmiqManon Apr 06, 2018 12:27am
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Post# 27840760
RE:April 6, 2018 SoftBank Group Corp.
RE:April 6, 2018 SoftBank Group Corp. Also potential client ... GREAT!
Thanks CrazyProphet!
CrazyProphet wrote: They are also now a built in buyer of product if they choose !
April 6, 2018 SoftBank Group Corp. SoftBank Group Corp. to Invest in Canada’s Nemaska Lithium Inc. SoftBank Group Corp. (“SoftBank”) today announced a definitive agreement under which SoftBank will invest in the Canadian lithium company, Nemaska Lithium Inc. (“Nemaska”) (TSXNMX). Under the agreement, SoftBank will acquire a stake of up to 9.9% in Nemaska. Nemaska is developing the Whabouchi mine in Qubec, Canada, one of the richest spodumene hard rock lithium deposits in the world and is building a lithium electrochemical plant (refining plant) at Shawinigan, which is expected to start commercial production of high-purity lithium hydroxide and lithium carbonate in the latter half of 2020. By investing in lithium resource development, SoftBank intends to contribute to the growth of the battery industry in view of increasing demand for smartphones and other communication devices and the anticipated Mobility Revolution to be ushered in by electric vehicles. The Whabouchi mine is expected to have an initial lithium mine life of approximately 33 years and the output from Nemaska’s electrochemical plant is estimated to produce approximately 33,000 tonnes of lithium carbonate equivalent (LCE) annually. For so long as it holds a minimum ownership interest of 5% in Nemaska, SoftBank will have the option each year to purchase up to 20% of Nemaska’s lithium product output over the long term. SoftBank will also have the right to nominate a director to be appointed to Nemaska’s board.
CONGRATS LONGS WHO HUNG IN !!!! SOFTBANK IS A BIG GLOBAL NAME
SoftBank Group Corp. is a Japanese multinational conglomerate holding company headquartered in Tokyo, Japan.
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