After completing a sale or investor solicitation process (SISP) under the Companies’ Creditors Arrangement Act (CCAA), Nemaska Lithium has ultimately accepted a sale proposal, structured as a credit bid, from Orion Mine Finance (its largest secured creditor), Investissement Quebec and…
Stefan Axell has joined Americas Gold and Silver as vice-president of corporate development and communications. Axell was previously director of asset management with Franco-Nevada. Natascha Viljoen has been appointed as the CEO of Anglo American Platinum effective Apr. 16, replacing…
Nathan Harte has been appointed as Coral Gold’s chief financial officer; Harte is an accountant and is also the CFO for Avino Silver & Gold. Jennifer North is Coral Gold’s new director of corporate communications, overseeing the company’s communication and…
QUEBEC – Nemaska Lithium has announced that it will seek creditor protection as the company completes a strategic review for its Whabouchi project. The company will seek approval for an investor solicitation process to secure additional financing, sell certain assets…
QUEBEC – As the price of lithium continues its slide and with no firm financing commitment, Nemaska Lithium of Quebec City has been forced to shut down operations temporarily at its Whabouchi lithium mine 300 km northwest of Chibougamau. The…
Shares of Nemaska Lithium (TSX: NMX, US-OTC: NMKEF) fell 23% on Tuesday after the company announced it was laying off 64 employees, or about half of its staff, following financing delays for its Whabouchi project in Quebec. “This difficult decision comes after…
QUEBEC – Nemaska Lithium, headquartered in Quebec City, has updated the 43-101 report for the Whabouchi lithium mine-mill project 300 km northwest of Chibougamau and the electrochemical plant in Shawinigan. Both the capex at $1.3 billion and the operating cost…
Canada has several new mines to celebrate – with more on the way
QUEBEC – Nemaska Lithium, headquartered in Quebec City, says it has signed a letter of intent with the Pallinghurst Group which plans to invest $600-million in the Whabouchi lithium mine and mill 300 km northwest of Chibougamau and the electrochemical…
Nemaska Lithium Inc. provided an update on the overall Whabouchi project and disclosed its quarterly financials. “We have made good overall progress during the past months on both the construction at the Whabouchi mine and the detailed engineering at the…
QUEBEC – Quebec City-based Nemaska Lithium has received the independent audit report it asked Canadian engineering firm BBA to conduct. The results, says the company, validate its own internal cost-to-complete construction assessment as of Feb. 13, 2019. The audit was conducted…
Toronto-based Kirkland Lake Gold has announced the retirement of board chairman Eric Sprott, effective after the annual meeting on May 7, 2019. He has been chairman since 2015. The vacancy will be filled by Jeff Parr as interim chairman until…