Nemaska Lithium Inc NMKEF

Pallinghurst - Traxys JV unlikely to upset the locals

[mick1888]

why would they sacrifice a significant investment that they are already getting a major stake for a bargain basement price (0.25c), for the sake of what in value? The project will be generating a roughly 75% profit margin earning roughly 300 million (plus) dollars a year? Why would they not have settled on the original proposal that they nogotiated over six months, where the existing management are doing ALL that is being asked of them? Why would they upset 25k Quebec investors, or the First Nation labour force? Why would they upset the Local and National Governments of the region on where they intend to operate? Why would they back track on their joint venture statements;

Arne H. Frandsen, co-founder and Managing Partner of the Pallinghurst Group commented:

“The electric vehicle and energy storage revolution is gaining pace. The future demand for the critical battery grade materials is set for explosive growth. Pallinghurst-Traxys has its exclusive focus on the ethical and sustainable sourcing and development of battery materials. We shall focus on projects that will minimise carbon footprint and environmental impact. Where possible, our investments will strive to use power generated from hydroelectric and other renewable sources. As a responsible supplier of battery materials, we will emphasise safety of operations and operate with full accountability vis-a-vis communities and all other stakeholders. Together, Pallinghurst-Traxys, will provide the necessary capital and hands-on expertise to ensure that our investments become successful as leading and sustainable players in the battery materials space.”