Nemaska Lithium Inc NMKEF

RE:RE:From SEDAR document:

[MoneyCristo]

Undisclosed atm, seems like they will announce something soon in this regard, as per NMX comment on their FB page.

joeman wrote: Supply agreement with who?

MoneyCristo wrote: On May 18, 2018, the Corporation entered into an agreement in principle with an arms length party (the Supply Agreement in Principle) providing for the supply of spodumene concentrate grading minimum 5.5% Li2O. Under the Supply Agreement in Principle, the Corporation has agreed to supply, and the purchaser has agreed to purchase, on a take or pay basis, a minimum of 100,000 wet metric tonnes and up to 145,000 wet metric tonnes of Li2O from the Whabouchi Mine and Concentrator. The Supply Agreement in Principle provides for a 27-month supply period, commencing on October 2019, subject to the construction and ramp-up schedule of the Whabouchi Mine and Concentrator. The spodumene concentrate will be sold pursuant to a pre-agreed market price-based formula according to pre-agreed product specifications between the parties The Supply Agreement in Principle is non-binding and subject to the execution of a definitive supply agreement. The execution of a definitive supply agreement is in furtherance of meeting the offtake requirements provided as a condition precedent to drawdown or release of funds under the Bond Offering and the Stream Agreement. See Risk Factors Related to the Corporation Risks Related to Future Sale of Lithium Products and Risk Factors Related to the Corporation Processing Technology and Off-take Specifications.