Post by
materialsgirl on Nov 23, 2019 4:03pm
The current focus for this Christmas
The focus is the shut the whole operation down and put it
into care and maintenance.
This is 95% proof that we can expect nothing positive to
happen before PDAC. It is expensive to shut down.
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said Guy Bourassa, President and CEO of Nemaska Lithium. “Over the past month, our teams have worked diligently to prepare the sites for temporary shutdown, in anticipation of an orderly resumption of activities that will minimize delays once financing has been secured and the construction schedule is confirmed.”
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Pallinghurst may be waiting it out until the government
and the courts will give them the property for free.
Free and with tax and other incentives.
Quebec is interested in the mine going ahead.
However, it could not care less if Ontario and western investors
lose a few million dollars.
mat
Comment by
RickHunter on Nov 24, 2019 10:44am
Materialgirl its the opposit. It not expansive a shut down anyway NMX dont produce anything. That will free nemaska of paying the salary of near 65 employees and the cost of electricity. They save at least betwen 3 to 5 millions this way.