NMX.TO - Nemaska Lithium Inc.

Toronto - Toronto Delayed Price. Currency in CAD
0.1650
0.0000 (0.00%)
At close: 4:00PM EST
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Previous Close0.1650
Open0.1600
Bid0.0500 x 0
Ask0.0500 x 0
Day's Range0.1550 - 0.1650
52 Week Range0.1450 - 0.4100
Volume846,983
Avg. Volume404,636
Market Cap139.86M
Beta (5Y Monthly)0.71
PE Ratio (TTM)N/A
EPS (TTM)-0.4110
Earnings DateMay 12, 2020 - May 17, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est0.25
  • GlobeNewswire

    Important Change in Management at Nemaska Lithium

    QUÉBEC, Québec, Feb. 20, 2020 (GLOBE NEWSWIRE) -- Nemaska Lithium Inc. (“Nemaska Lithium” or the “Corporation”) today announces important change in its management and provides an update regarding the restructuring efforts undertaken since obtaining protection under the Companies’ Creditors Arrangement Act (the “CCAA”) on December 23rd, 2019. The Board of Directors of Nemaska Lithium is announcing the departure of the President and CEO, Mr. Guy Bourassa, who is leaving the Corporation’s management and his seat on the Board of Directors as of today.

  • GlobeNewswire

    Nemaska Lithium Progresses in its Restructuring Efforts Under the CCAA

    MONTRÉAL, Jan. 29, 2020 (GLOBE NEWSWIRE) -- Nemaska Lithium Inc. (“Nemaska Lithium” or the “Corporation”) provides today an update on its restructuring efforts under the Companies’ Creditors Arrangement Act (the “CCAA”) initiated on December 23, 2019 under the supervision of the Superior Court of Québec (the “Court”) and PricewaterhouseCoopers Inc., as monitor of the business and financial affairs of the Corporation (the “Monitor”). The Corporation today obtained an order from the Court that approves Nemaska Lithium’s proposed sale and investor solicitation process (the “SISP”) to be conducted in consultation with the Monitor and the Corporation’s financial advisors, National Bank Financial Inc. and Clarksons Platou Securities AS.

  • GlobeNewswire

    Nemaska Lithium Announces Workforce Reduction

    Nemaska Lithium Inc. (“Nemaska Lithium” or the “Corporation”) announces a further reduction, today, of its workforce in connection with the ongoing process under the Companies’ Creditors Arrangement Act (CCAA) and its work aimed at formalizing an eventual plan of arrangement acceptable to its creditors and the Court. The 29-employee layoff is the result of a review of the essential activities that the Corporation must carry out to ensure the development of the Whabouchi project, while preserving its cash in anticipation of the examination of available alternatives, including any refinancing to allow an orderly resumption of the project. Once the downsizing is completed, little over 30 employees will remain at the Corporation’s employ.

  • GlobeNewswire

    Nemaska Lithium Announces Changes to Board of Directors

    Nemaska ​​Lithium (“Nemaska Lithium” or the “Corporation”) announces that its Board of Directors appointed Mr. Jacques Mallette as Chairman of the Board, effective January 19, 2020. Mr. Mallette has acted in capacity of Director of the Corporation since March 8, 2019. Mr. Mallette, who has more than 35 years of experience as chief executive officer (CEO), chief financial officer (CFO) and director of international companies, brings his expertise and skills to guide the Corporation’s management and strategic teams in their efforts to carry out the restructuring underway in the context of the process initiated under the Companies’ Creditors Arrangement Act (“CCAA”).

  • GlobeNewswire

    Nemaska Lithium Obtained Creditor Protection Under the Companies’ Creditors Arrangement Act

    MONTRÉAL, Dec. 23, 2019 (GLOBE NEWSWIRE) -- Nemaska Lithium Inc. (the “Corporation”) (NMX.TO) (NMKEF) (N0T.F) announced today it has obtained from the Superior Court of Québec protection from creditors under the Companies’ Creditors Arrangement Act (“CCAA”), to enable the Corporation to finalize its financing efforts in order to complete the construction and begin the operation of the Whabouchi project, following the previously announced cost reassessment. After careful consideration of all available alternatives following thorough consultation with its legal and financial advisors, the Board of Directors of the Corporation determined, on the recommendation of its special committee, that it was in the best interests of the Corporation and all of its stakeholders to file for an application for creditor protection under the CCAA.

  • GlobeNewswire

    Nemaska Lithium Files for Creditor Protection Under the Companies’ Creditors Arrangement Act

    Montréal, Québec, Dec. 23, 2019 (GLOBE NEWSWIRE) -- Nemaska Lithium Inc. (the “Corporation”) (NMX.TO) (NMKEF) (N0T.F) announced today that its Board of Directors has authorized the Corporation and its subsidiaries to bring an application in the Superior Court of Québec to seek protection from creditors under the Companies’ Creditors Arrangement Act (“CCAA”) to give the Corporation sufficient time to complete its re-financing efforts to allow for the completion of the construction of its Whabouchi project, which are required further to the cost re-assessment previously announced. After careful consideration of all available alternatives following thorough consultation with its legal and financial advisors, the Board of Directors of the Corporation, following recommendation from its special committee, determined that it was in the best interests of the Corporation and all of its stakeholders to file for an application for creditor protection under the CCAA.

  • CNW Group

    IIROC Trading Halt - NMX

    TORONTO , Dec. 23, 2019 /CNW/ - The following issues have been halted by IIROC: Company: Nemaska Lithium Inc. TSX Symbol: NMX (All Issues) Reason: Pending News Halt Time (ET): ‎7‎:‎48 AM IIROC can make ...

  • GlobeNewswire

    Nemaska Lithium Announces Court Order for Interim Distribution of Nominal Amount of USD 350M Senior Secured Bonds

    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.

  • GlobeNewswire

    Nemaska Lithium Provides Update on Whabouchi Project

    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.

  • Can Nemaska Lithium (TSX:NMX) Stock Double Your Money?
    The Motley Fool

    Can Nemaska Lithium (TSX:NMX) Stock Double Your Money?

    Nemaska Lithium (TSX:NMX) has yet to secure the money needed to continue with the Whabouchi project, the company's most crucial asset.

  • GlobeNewswire

    Nemaska Lithium Provides Update on the Whabouchi Project

    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.

  • Why Nemaska Lithium (TSX:NMX) Stock Fell 11.5% in September
    The Motley Fool

    Why Nemaska Lithium (TSX:NMX) Stock Fell 11.5% in September

    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%.

  • GlobeNewswire

    Nemaska Lithium Provides an Update on its Whabouchi Project and Negotiations with Pallinghurst Group

    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.

  • GlobeNewswire

    Nemaska Lithium receives Notice from the Nordic Trustee regarding its USD 350M Senior Secured Bonds

    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.

  • GlobeNewswire

    Nemaska Lithium receives Notice from the Nordic Trustee regarding its USD 350M Senior Secured Bonds

    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.

  • Should You Avoid Lithium Stocks Before 2020?
    The Motley Fool

    Should You Avoid Lithium Stocks Before 2020?

    Lithium prices have plunged in 2018 and 2019, which has negatively impacted equities like Lithium Americas Corp. (TSX:LAC)(NYSE:LAC).

  • GlobeNewswire

    Nemaska Lithium Announces Court Application for the Discharge of Security Securing the USD 350M Senior Secured Bonds

    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.

  • Why Nemaska Lithium’s (TSX:NMX) Stock Price Fell 13.6% in August
    The Motley Fool

    Why Nemaska Lithium’s (TSX:NMX) Stock Price Fell 13.6% in August

    Will the down trend abate for Nemaska Lithium Inc. (TSX:NMX)?

  • GlobeNewswire

    Nemaska Lithium Releases Updated NI 43-101 Technical Report

    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.

  • Baystreet

    Chinese Lithium Buyers Finally Arrive in North America

    A new era of Chinese lithium interests in Canada has begun, with the conclusion of a $135 million investment, ...