The NMX Lithium Shareholders Group Message to PM Franois Legault
Prime Minister Legault
In parallel to the efforts and leadership you exercised during the Covid 19 crisis to protect the health and well-being of Quebecers, you must now prepare for the economic recovery which is becoming more and more glaring.
Your government believes, as we do, in the bright future of green energy and therefore should not fail to act in the Lithium sector.
In its economic recovery projects, Quebec has made the commendable choice to move away from the fossil fuel economy and that it has unique assets to achieve this.
Quebec is blessed with an abundance of mineral resources (Lithium, Nickel and Graphite) and hydroelectricity which are extremely well placed on the battery manufacturing agenda.
This promising future in the construction of a complete value-added chain requires that Quebec play a strategic and preponderant global role.
The combination of the Whabouchi mine and the Shawinigan processing plant require only a second wind of funding to be realized. However, a direct intervention by your government is necessary in the file to improve financially the offer chosen in the SISP process so that Quebec maintains its important role in the Nemaska project.
For the Nemaska Shareholder Group, the only acceptable choice is to relaunch Nemaska Lithium, for both economic and political reasons. For Quebec's reputation on the international scene, Quebec's ability to attract foreign investment, Quebec's economic development in a sector of the future and good for the environment, for the implementation of your electoral promises and the implementation of the Quebec Electrification Plan, to encourage Quebecers to invest in Quebec; it is essential to choose the relaunch of Nemaska and not the sale of its assets.
In this orientation, we therefore urge your government to take the following actions:
1) Explore and use the federal program in the Pan-Canadian Framework for Economic Growth Without Greenhouse Gas (GHG) Emissions.
2) Request federal investment of $ 400 million in support for this Nemaska Project, Quebec's green pipeline.
3) Double IQ’s investment as a financial partner and shareholder of the renewed Nemaska Lithium to ensure that the Whabouchi mine and the Shawinigan processing plant can resume operations. This Nemaska Project would not have been possible without the financial support of thousands of small Quebec investors and they must maintain their presence in this renewed Nemaska.
4) Prevent the 25,000 shareholders, mainly from Quebec, from being evacuated from this project, through the restructuring and refinancing process of Nemaska Lithium.
Among these shareholders is a wide spectrum of people: retirees who have put a large part of their retirement funds, businessmen happy to invest their money locally in the stock market.
Here is a testimony from a small Quebec saver:
"I have invested $ 255,000 and I want it to work as the Prime Minister said and the Minister of Development" we will not give up! Nemaska and we have money. The project should be done by the government and small shareholders. The words of the Prime Minister and the Minister have had a great impact on my future. I am 67 years old and disabled. I don’t want to make anyone cry but I wish it wasn’t empty talk because I take it very seriously. "
Alcide Gour
Shareholder group nmx lithium https://nmx.zone/
nmxinvestorsgroup@gmail.com