Nemaska Lithium Inc
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Nemaska Lithium accepts sale proposal from Orion, Pallinghurst and Investissement Quebec
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…
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MINING PEOPLE: Americas Gold and Silver, Anglo American, Coro Mining, Nemaska Lithium, Para Resources, Pure Gold Mining
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…
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MINING PEOPLE: Coral Gold, Crystal Lake, Hudbay, Liberty Gold, Minco, Nemaska Lithium, NuLegacy, Sable, Triumph Gold, Troilus, Turquoise Hill, Yorbeau
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…
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LITHIUM: Nemaska Lithium files for creditor protection
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…
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LITHIUM: Nemaska idles Whabouchi mine, Shawinigan plant
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…
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Nemaska Lithium announces layoffs
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…
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LITHIUM: Nemaska updates Whabouchi 43-101, costs remain steady
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…
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New mines, new beginnings
Canada has several new mines to celebrate – with more on the way
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LITHIUM: Pallinghurst promises $600M to Nemaska
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…
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LITHIUM: Nemaska Lithium Provides Whabouchi Project Update
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…
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LITHIUM: Nemaska receives independent audit report from BBA
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…
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MINING PEOPLE: Kirkland Lake Gold, Nemaska Lithium, and Skeena Resources
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…
