|Bid||0.1750 x 0|
|Ask||0.1800 x 0|
|Day's Range||0.1725 - 0.1800|
|52 Week Range||0.1600 - 0.7600|
|Beta (3Y Monthly)||1.26|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb. 12, 2020 - Feb. 15, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||0.34|
QUÉBEC CITY, Dec. 05, 2019 (GLOBE NEWSWIRE) -- Nemaska Lithium Inc. (“Nemaska Lithium” or the “Corporation”) (NMX.TO) (NMKEF) (N0T.F) informs the market that the Superior Court of Québec has ordered the Corporation and the Nordic Trustee of the USD 350M nominal amount of the Senior Secured Bonds issued pursuant to the bond offering announced on May 10, 2018 (the “Bonds”), to cooperate so as to cause the escrow manager of the Bonds to distribute to Bondholders from the amounts held in the USD escrow account the USD 350M nominal amount. The distribution to Bondholders is expected to occur within 15 business days of November 27, 2019 and shall be made in accordance with the Bond Terms and without prejudice to any right of the Bond Trustee under the Bond Terms to withhold funds from, and previously to, such distribution to cover fees, costs, expenses, indemnity or any other amount payable to the Nordic Trustee under the Bond Terms, as the case may be.
Nemaska Lithium (Nemaska Lithium Inc. (“Nemaska Lithium” or the “Corporation”) (NMX.TO) (NMKEF) (N0T.F) today provides an update on its Whabouchi Project and the status of its ongoing efforts to complete the project financing. Nemaska Lithium also takes this opportunity to provide details on the activities at the mine site and the Phase 1 plant. “We continue working with Pallinghurst and our other strategic partners on completing an optimized project financing structure to be submitted to the shareholders’ approval as soon as possible,” said Guy Bourassa, President and CEO of Nemaska Lithium.
Nemaska Lithium (TSX:NMX) has yet to secure the money needed to continue with the Whabouchi project, the company's most crucial asset.
As a result, the Corporation must downsize by letting go of 64 employees. In this context, the Corporation is obliged to carry out a collective dismissal, as it expects that mine and plant production preparation activities will need to be slowed down pending the completion of financing. As we cannot confirm the timeline for the resumption of construction, and although negotiations with Pallinghurst are progressing well, this is the responsible decision to be made,” says Guy Bourassa, President and CEO of Nemaska Lithium.
The stock price of Nemaska Lithium Inc (TSX:NMX) fell 11.5% in September. Over the past year, the stock price has shed almost 70%.
Nemaska Lithium Inc. (“Nemaska Lithium” or the “Corporation”) (NMX.TO) (NMKEF) (N0T.F) today provides an update on the progress of its Whabouchi Project as well as the constructive continuation of the financing discussions with The Pallinghurst Group (“Pallinghurst”). This update is carried out following the filing, on September 30th, of its Annual Financial Statements, Annual Information Form and Management Discussion and Analysis (MD&A) for the year ended June 30, 2019, and the signing of an agreement with Pallinghurst which extends until December 31, 2019, the exclusivity of the period to complete the financing from Pallinghurst.
Québec, Québec, Sept. 25, 2019 (GLOBE NEWSWIRE) -- Nemaska Lithium Inc. (“Nemaska Lithium” or the “Corporation”) (NMX.TO) (NMKEF) (N0T.F) informs the market that it has been notified today of a notice published by Nordic Trustee AS who is holding in escrow the USD 350M proceeds from the Senior Secured Bonds (“Bonds”). As previously disclosed, Nemaska Lithium is of the opinion that the resolution, published without the Corporation`s consent, has no legal effect on the Corporation or the Bond terms, as it purports to amend the Bond terms without the consent of the Corporation. Nordic Trustee AS has previously confirmed in writing to the Corporation that the deadline in Article 13.9 of the Bond terms to effect a prepayment of the Bonds expired on September 13, 2019.
QUÉBEC CITY, Sept. 25, 2019 (GLOBE NEWSWIRE) -- Nemaska Lithium Inc. (“Nemaska Lithium” or the “Corporation”) (NMX.TO) (NMKEF) (N0T.F) informs the market that it has been notified today of a notice published by Nordic Trustee AS who is holding in escrow the USD 350M proceeds from the Senior Secured Bonds (“Bonds”). The notice states that a written Bondholders` resolution seeking approval of Bondholders to instruct Nordic Trustee AS to refrain from effecting, among other things, any prepayment of the Bonds was approved with the requisite majority. As previously disclosed, Nemaska Lithium is of the opinion that the resolution, published without the Corporation`s consent, has no legal effect on the Corporation or the Bond terms, as it purports to amend the Bond terms without the consent of the Corporation.
TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange:Toronto Stock Exchange (16,867.20, down 32.49 points).Canadian Natural Resources Ltd. (TSX:CNQ). Energy. Up 18 cents, or 0.49 per cent, to $36.63 on seven million shares.Nemaska Lithium Inc. (TSX:NMX). Materials. Down 3.5 cents, or 12.5 per cent, to 24.5 cents on 6.8 million shares.First Quantum Minerals Ltd. (TSX:FM). Materials. Down $1.18, or 9.66 per cent, to $11.03 on 6.5 million shares.Encana Corp. (TSX:ECA). Energy. Up 15 cents, or 2.3 per cent, to $6.68 on 6.1 million shares.Kinross Gold Corp. (TSX:K). Materials. Up 22 cents, or 3.2 per cent, to $7.10 on 5.8 million shares.Aurora Cannabis Inc. (TSX:ACB). Health care. Up five cents, or 0.75 per cent, to $6.72 on 5.3 million shares. Companies in the news:Transat Inc. (TSX:TRZ). Down six cents to $15.13. Transat Inc. could face fallout from the collapse of Thomas Cook Group Plc after a partnership between the companies died Monday. The tour operator, which runs Air Transat, was in the second year of a seven-year deal to exchange aircraft with the British company's airline on a seasonal basis. The Montreal-based Transat was slated to receive at least seven jetliners from Thomas Cook this fall, but "the partnership is dead because the company no longer exists," spokesman Christophe Hennebelle said. He said Transat, which is working to complete its takeover by Air Canada next year, is "confident" the Airbus A321 planes will still come through, but is making contingency plans.First Quantum Minerals Ltd. — First Quantum Minerals Ltd. says it's in talks regarding a potential sale of a minority interest in its Zambian copper assets. However, the Canadian miner says it has not held any talks regarding a takeover of the company. The comments follow speculation last week about a possible bid for the company by Chinese mining company Jiangxi Copper Corp. Ltd. Shares in the company rose late last week following reports citing unidentified sources regarding takeover interest in the company. However, First Quantum says it has not engaged in any discussions regarding a takeover bid or other change of control transaction and has no knowledge of potential takeover bids.Osisko Gold Royalties Ltd. (TSX:OR). Down $1.62 or 9.96 per cent to $14.64. Shares in Osisko Gold Royalties Ltd. fell Monday after it announced a deal to buy the shares of Barkerville Gold Mines Ltd. it doesn't already own. Osisko, which has a 32.6 per cent stake in Barkerville, says the deal will give it a larger role in advancing and developing Barkerville's Cariboo gold project in British Columbia. The Montreal-based mining company also announced it was creating the North Spirit Discovery Group to privatize and surface value in resource development projects. Osisko shares slipped to as little as $14.59 from Friday's close of $16.26 after it announced it would issue 0.0357 of a common share of Osisko for each Barkerville share.Canadian Utilities Ltd. (TSX:CU). Down 13 cents to $38.79. Canadian Utilities Ltd. says seven Indigenous communities have accepted its invitation to take a 40 per cent interest in a power transmission line between Edmonton and Fort McMurray in northern Alberta. The Calgary-based utility company and its partner Quanta Services Inc. announced in June they had signed a deal to sell Alberta PowerLine for about $300 million and the assumption of $1.4 billion of debt to a consortium including TD Greystone Asset Management. As part of the sale, Indigenous communities along the transmission line route were given the chance to buy up to a 40 per cent combined equity interest, with the final ownership mix based on acceptance.DHX Media Ltd. (TSX:DHX). Up 18 cents or 11 per cent to $1.81. DHX Media Ltd. is changing its corporate name to WildBrain, the name of its child-focused YouTube business, which will be renamed WildBrain Spark. DHX chief executive Eric Ellenbogen, the former head of Marvel Enterprises, also announced there will be a reorganization of the business to have a more simplified structure as it works to grow its audience while managing a large corporate debt. Ellenbogen, who was named chief executive at DHX last month, said that it's not news that the company has faced "some considerable challenges" in recent years, but the changes Monday and others ahead will "set the stage for a path forward." This report by The Canadian Press was first published Sept. 23, 2019.The Canadian Press
Nemaska Lithium Inc. (“Nemaska Lithium” or the “Corporation”) (NMX.TO) (NMKEF) (N0T.F) informs the market that, pursuant to Article 13.9 of the Bond terms, the Corporation has informed the Nordic Trustee that it acknowledges the set-off of the USD 350M nominal amount of the Senior Secured Bonds issued pursuant to the bond offering announced on May 10, 2018 (the “Bonds”), together with accrued interest up to September 16, 2019, with all obligations of the Corporation under the Bond terms being extinguished as of such date. Following the publication of the updated National Instrument (NI) 43–101 Technical Report on July 31st, 2019, a Project Completion Cut-Off Event, as defined in the Bond terms, was triggered as a result of the overall project completion date being delayed to later than June 2021 without the Bond terms being amended.
Nemaska Lithium Inc. (“Nemaska Lithium” or the “Corporation”) (NMX.TO) (NMKEF) (N0T.F) releases the results of its updated National Instrument (NI) 43–101 Technical Report (the “Report”) on the Whabouchi mine (“Whabouchi”) and Shawinigan electrochemical plant (the “Plant”) (together, the “Project”). Nemaska Lithium’s management team retained the services of engineering firms to make this Report (as defined in NI 43–101), following the Corporation’s funding gap announcement of February 13, 2019.