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.

GREY:NMKEF - Post by User

Nemaska Lithium Inc > Pwc report contains all the facts

<< Previous

Bullboard Posts

Next >>

Comment by mick1888on Dec 27, 2019 7:20pm

104 Views

Post# 30495755

RE:Pwc report contains all the facts

Tcheck my interpretation is that Orions claim is only valid if NMX access monies. They used the firs tranche ($75m), but I believe the second tranche ($75m) is now cancelled because NMX does not meet the criteria to access. Basically this means that NMX must meet the requirements of the Stream for the first half (7.25%) sales when in operation.

Tcheck wrote:
What are you making out of nmx s obligations toward orion ?

33.Nemaska’s obligations towards Orion are secured by hypothecs on certain securities held by Nemaska and on certain of its intellectual property rights, a hypothec on the universality of all of the property of Nemaska Shawinigan and Nemaska Whabouchi, and hypothecs on certain financial accounts of Nemaska Shawinigan and Nemaska Whabouchi.

they all covered their asses but we still see their butts.