{"id":99835,"date":"2016-12-20T18:41:28","date_gmt":"2016-12-20T23:41:28","guid":{"rendered":"http:\/\/countingpips.com\/?p=99835"},"modified":"2016-12-20T18:41:28","modified_gmt":"2016-12-20T23:41:28","slug":"momentum-is-building-at-nemaska-lithiums-mine-and-plant","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2016\/12\/momentum-is-building-at-nemaska-lithiums-mine-and-plant\/","title":{"rendered":"Momentum Is Building at Nemaska Lithium’s Mine and Plant"},"content":{"rendered":"
December 20, 2016<\/div>
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The Energy Report<\/b><\/p>\n

Source: The Energy Report<\/em> \u00a0\u00a012\/20\/2016<\/b><\/p>\n

View Original Article: https:\/\/www.streetwisereports.com\/pub\/na\/momentum-building-at-nemaska-lithiums-mine-and-plant<\/a><\/p>\n

Nemaska Lithium’s progress on the Whabouchi lithium project and the Shawinigan Phase 1 Plant has garnered the attention of several analysts.<\/p>\n

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\"Nemaska's<\/p>\n

Nemaska’s Whabouchi Project<\/div>\n<\/div>\n<\/div>\n

Nemaska Lithium Inc. (NMX:TSX; NMKEF:OTCQX)<\/a> provided a progress report<\/a> on its Whabouchi lithium mineral project in Quebec on Dec. 12, as well as an update on its Shawinigan Phase 1 Plant. Guy Bourassa, president and CEO of Nemaska Lithium, said, “We are advancing the project on all fronts and I am very pleased with our progress to date. We expect to be producing a 6% Li2<\/sub>O concentrate and processing it into battery grade lithium salts next year, which is approximately 18 months ahead of our planned commercial production. This will enable us to actively engage customers and demonstrate the quality of our products while we are still building our commercial facilities.”<\/p>\n

Eric Zaunschwerb, an analyst with Canaccord Genuity, wrote in a company update on Dec. 12 that “Management expects the Phase 1 Plant to be up and running 24 hours\/day and 7 days\/week in Q1 2017. Progress is being made on budget and on schedule, with technical operators currently being trained, which should lead to the production of 435 tonnes per annum of lithium carbonate equivalent (LCE), also in Q1 2017.” He added that “as part of the recent resource update, an updated feasibility study is in the works, with results expected to be published in January 2017.”<\/p>

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David Talbot, an analyst with Dundee Capital Partners, in a Dec. 12 comment, named Nemaska as Dundee’s top lithium pick. He called Nemaska’s progress report “great news but this shouldn’t come as a surprise with management doing an excellent job at keeping investors abreast of the situation. Success bodes well for technical and financial de-risking.” He noted that Whabouchi mine site progress is “on track,” and this includes “bulk sampling; completion of dense media separation (DMS) modular mill; and advanced site preparations.”<\/p>\n

Talbot noted that “our confidence that management is on top of everything grows. Budgets and schedules are one thing, but execution another and Q1\/17 events will be of utmost importance. We do believe those milestones should help accelerate financial de-risking.”<\/p>\n

Nemaska announced<\/a> on Dec. 6 that it has been included in the Solactive Global Lithium Index, which is tracked by the Global X Lithium ETF. According to the company, “the Solactive Global Lithium Index tracks the performance of the largest and most liquid listed companies active in exploration and\/or mining of lithium or the production of lithium batteries. The index is calculated as a total return index in USD and is readjusted once a year.”<\/p>\n

Want to read more Energy Report<\/i> articles like this? Sign up<\/a> for our free e-newsletter, and you’ll learn when new articles have been published. To see a list of recent articles with industry analysts and commentators, visit our Streetwise Articles<\/a> page.<\/p>\n

Disclosure: <\/b>
\n1) Patrice Fusillo compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee. She owns, or members of her immediate household or family own, shares of the following companies mentioned in this article: None. She is, or members of her immediate household or family are, paid by the following companies mentioned in this article: None.
\n2) The following companies mentioned in this article are sponsors of Streetwise Reports: None. Streetwise Reports does not accept stock in exchange for its services. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
\n3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers.
\n4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer<\/b><\/a>. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
\n5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their families are prohibited from making purchases and\/or sales of those securities in the open market or otherwise during the up-to-four-week interval from the time of the interview or article until after it publishes.<\/p>\n

Additional Disclosures for this Content<\/b><\/p>\n

<\/p>\n

Canaccord Genuity, Nemaska Lithium Inc., Dec. 12, 2016
\n<\/strong>Analyst Certification: Each authoring analyst of Canaccord Genuity whose name appears on the front page of this research hereby certifies that (i) the recommendations and opinions expressed in this research accurately reflect the authoring analyst\u2019s personal, independent and objective views about any and all of the designated investments or relevant issuers discussed herein that are within such authoring analyst\u2019s coverage universe and (ii) no part of the authoring analyst\u2019s compensation was, is, or will be, directly or indirectly, related to the specific recommendations or views expressed by the authoring analyst in the research.<\/p>\n

Canaccord Genuity or one or more of its affiliated companies intend to seek or expect to receive compensation for Investment Banking services from Nemaska Lithium Inc. in the next three months.<\/p>\n

Dundee Capital Partners, Nemaska Lithium Inc., Dec. 12, 2016
\n<\/strong>Dundee Capital Partners has written procedures designed to identify and manage potential conflicts of interest that arise in connection with its research and other businesses.<\/p>\n

The compensation of each Research Analyst\/Associate involved in the preparation of this research report is based competitively upon several criteria, including performance assessment criteria, the quality of research and the value of the services they provide to clients of DCP. The Research Analyst compensation pool includes revenues from several sources, including sales, trading and investment banking. Research analysts and associates do not receive compensation based upon revenues from specific investment banking transactions.<\/p>\n

Dundee Capital Partners generally restricts any research analyst\/associate and any member of his or her household from executing trades in the securities of a company that such research analyst covers.<\/p>\n

Research Analyst Certification: Each Research Analyst and\/or Associate who is involved in the preparation of this research report hereby certifies that:<\/p>\n

\u2022the views and recommendations expressed herein accurately reflect his\/her personal views about any and all of the securities or issuers that are the subject matter of this research report;<\/p>\n

\u2022his\/her compensation is not and will not be directly related to the specific recommendations or views expressed by the Research Analyst in this research report;<\/p>\n

\u2022they have not affected a trade in a security of any class of the issuer whether directly or indirectly through derivatives within the 30-day period prior to the publication of this research report;<\/p>\n

\u2022they have not distributed or discussed this Research Report to\/with the issuer, investment banking at DCP or any other third party except for the sole purpose of verifying factual information;<\/p>\n

\u2022they are unaware of any other potential conflicts of interest.<\/p>\n

The Research Analyst involved in the preparation of this research report does not have any authority whatsoever (actual, implied or apparent) to act on behalf of any issuer mentioned in this research report.<\/p>\n

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<\/p>\n","protected":false},"excerpt":{"rendered":"

The Energy Report Source: The Energy Report \u00a0\u00a012\/20\/2016 View Original Article: https:\/\/www.streetwisereports.com\/pub\/na\/momentum-building-at-nemaska-lithiums-mine-and-plant Nemaska Lithium’s progress on the Whabouchi lithium project and the Shawinigan Phase 1 Plant has garnered the attention of several analysts. Nemaska’s Whabouchi Project Nemaska Lithium Inc. (NMX:TSX; NMKEF:OTCQX) provided a progress report on its Whabouchi lithium mineral project in Quebec on Dec. […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-99835","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/99835","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=99835"}],"version-history":[{"count":3,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/99835\/revisions"}],"predecessor-version":[{"id":99845,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/99835\/revisions\/99845"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=99835"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=99835"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=99835"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}