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Neo Lithium Corp is engaged in the business of exploration operations. Its principal business activities are the exploration and development of resource properties. Its project includes the 3Q project. It operates its business in the countries like Canada and Argentina, however, most of the revenue is generated from Canada.

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Neo Lithium Corp > NLC/CATL

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Post by Eric35 on Sep 20, 2020 11:54am

NLC/CATL

 In fact, I think the PFS could change. Which was 20,000t per year for 35 years and with the involvement of CATL they may well change that as they need. DFS could include lithium hydroxide production as Waldo was talking about. in March and increase production after reached 20,000 tons. The investment of 8 million is like an assurance of their seriousness on the part of CATL Can wait for the battery day!!!!  https://www.aviationnepal.com/argentina-domestic-and-international-flights-to-resume-from-october/

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Comment by tiger6301 on Sep 20, 2020 6:05pm

Hi Eric, I don't think NLC will produce lithium hydroxide in their FS. The reason is CATL is mainly manufacturing LFP batteries or lithium ion phosphate batteries, which requires lithium carbonate. There is a possibility that CATL buy 50% of 3Q project, and may buy 25% to 100% of NLC's portion of production. In this case, there is no need to produce lithium hydroxide ...more

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Comment by LithiumNPV on Sep 20, 2020 11:41pm

It's all about hydroxide, so the brine business is a failure in the making. I have long sought to buy NLC when the oversupply situation rectifies itself, but that dream has faded away, and it now costs NLC from $3000/yr to $4500. So many people are going to lose money in NLC.

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Comment by Greektome on Sep 21, 2020 11:13am

Wow nak is getting creamed today. I'd bail on that dog. You're down over40g this morning.

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Comment by RuudinFrance on Sep 20, 2020 6:48pm

It took me some time to become just a little enthousiastic about CATL. I got some reservations yet, but they are more political. With pockets as deep as CATL's, including loan financings by third parties, development cost doesn't seem all that important anymore. We went from PEA 35K tonnes/20yrs to PFS 20K tonnes/35yrs and nobody blinked an eye and Waldo opinioned that 3Q could keep that ...more

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Comment by Papino0 on Sep 20, 2020 11:21pm

For my self, I think this deal is really about staying as much as possible on the timeline that we had. With CATL as a partner we're having a battery specialist ( a giant of 10k employees who's partnering with almost every OEMs and future maker of the 1M Miles Tesla battery, an inovating almost perfect V2G powerpack : https://electrek.co/2020/06/08/tesla-new-million-mile ...more

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