Canadian Mining Journal


LITHIUM: Nemaska to make $50M-$60M equity offering

QUEBEC CITY – Nemaska Lithium has announced details of a proposed market offering that will raise between $50 million and $60 million. The company will issue between 43.48 million and 52.17 million units.

Each unit will consist of one common share and one-half of one share purchase warrant. Each unit is priced at $1.15. Holders of the warrants can purchase shares at a price of $1.50 each in the 36 months following the closing date of the offering. Agents offing the units for sale may be granted an over-allotment of 15%.

Nemaska plans to use the net proceeds of the offering for engineering of the Whabouchi mine and concentrator 300n km northwest of Chibougamau as well as the Shawinigan hydromet plant, down payments for long lead time items, and drilling.

Detailed information about the Whabouchi project are posted at