Nemaska Lithium Ranks as No. 2 Mining Company on TSX Venture 50®
February 25, 2016 (Source) — Nemaska Lithium Inc. (“Nemaska Lithium” or the “Corporation”) (TSX VENTURE:NMX)(OTCQX:NMKEF) is pleased to announce it has been named to the 2016 TSX Venture 50®, a ranking of top performing companies traded on the TSX Venture. Nemaska Lithium ranks number 2 of the top 10 mining companies. During the 2015 year, Nemaska Lithium realised a 167% increase in share price and a 207% increase in market capitalization. A short video on Nemaska Lithium produced for the TMX Group can be found here:
2016 TSX Venture 50 is a ranking of strong performers on TSX Venture Exchange. These companies have shown results in key measures of market performance. The ranking is comprised of 10 companies from each of the five industry sectors, and they were selected based on three equally weighted criteria: market capitalization growth, share price appreciation and trading volume. On average, these companies have delivered a return of 77% in 2015. The shares of these companies also enjoy a liquid market, with a total of 3.0 billion shares trading over the course of 2015.
“The demand for lithium salts is driven by lithium batteries and the market is predicted to require up to 100,000t of new lithium compounds by 2021; new production sources are needed to address this demand,” commented Guy Bourassa, President and CEO of Nemaska Lithium. “At Nemaska Lithium we are very focused on fulfilling this demand and through our Phase 1 Plant we expect to have commercial lithium hydroxide samples available to customers by the end of this year or early 2017 with full scale commercial production to follow by 2018. Our goal has always been to be a low cost producer of a high quality value added product. We believe we will be perfectly timed to meet the growing demand for lithium hydroxide products. Our Canadian investors have recognised our sound business strategy and have rewarded us as a top performer on the Venture Exchange.”
Nemaska Lithium will be exhibiting at the upcoming PDAC on Tuesday and Wednesday March 7th and 8th, 2016 – Booth No. 2412B.
On March 8, 2016, Jean-Francois Magnan, Technical Manager of Nemaska Lithium will be speaking at the PDAC TECHNICAL SESSION – SPECIALTY MINERALS AND METALS FOR ENERGY STORAGE, Room 713 from 2:50 pm to 3:15 pm.
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About Nemaska Lithium
Nemaska Lithium intends to become a lithium hydroxide and lithium carbonate supplier to the emerging lithium battery market that is largely driven by electric vehicles, consumer products and energy storage. The Corporation is developing in Quebec one of the most important spodumene lithium hard rock deposit in the world, both in volume and grade. The spodumene concentrate produced at Nemaska Lithium’s Whabouchi mine will be shipped to the Corporation’s lithium compounds processing plant to be built in Shawinigan, Quebec. This plant will transform spodumene concentrate into high purity lithium hydroxide and carbonate using the proprietary methods developed by the Corporation, and for which patent applications have been filed.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
The statements herein that are not historical facts are forward‐looking statements. These statements address future events and conditions and so involve inherent risks and uncertainties. Actual results could differ from those currently projected. The Corporation does not assume the obligation to update any forward‐looking statement.
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