How is this even legal? We are collecting proxies for this stock and are organizing a class action. The Company is solely focused on developing its Whabouchi lithium project into a viable lithium mine and becoming a leading supplier of lithium hydroxide to the emerging lithium battery market as well as other lithium applications. There are currently 1 sell rating for the stock. Get the latest NEMASKA LITHIUM INC (NMX.TO) stock news and headlines to help you in your trading and investing decisions. So analyzing It is engaged in exploring and evaluating lithium properties and processing of spodumene into lithium compounds in Quebec, Canada. The superior court of Quebec is also a part of this scam. Cour supérieure, District de Montréal All statements, other than statements of historical fact, contained in this press release including, but not limited to, those relating to the CCAA proceedings and the Corporation’s activities and its ability to meet its obligations, constitute “forward-looking information” and “forward-looking statements” within the meaning of certain securities laws and are based on expectations and projections as of the date of this press release. Montreal QC H3B 4Y1 MONTRÉAL, Nov. 25, 2020 (GLOBE NEWSWIRE) -- Nemaska Lithium Inc. (“Nemaska Lithium” or the “Corporation”) announces today that it has … https://www.youtube.com/watch?v=liThZjFkXv8 They later found they were Canadian $375 million. Our government must prevent scammers like this. On the operations side of things, the group will acquire the Nemaska entities and assets through what is referred to as a reverse vesting order. Justin joins us today. And to take it away from the share holders without having them at the table, without even attempting an equity raise is just ROBBERY. 2019-12-23. Does that mean our Nemaska Lithium stocks (RRSP) account are worthless ? What can we do, that court does NOT get approved it. He would leave the management team and vacate his seat on the board with immediate effect, the … Signed a US$150 million streaming agreement with Orion Mine Finance. 500-11-057716-199 Welcome to The Deep Dive, where we focus on providing investors of Canadian junior stock markets the knowledge they need to make smart investment decisions. Current cash on hand with the public vehicle will remain, subject to certain undisclosed adjustments. Lets see here, total capital raised is approximately Canadian $1 billion. Pallinghurst believes that the partnership will enable the business of New Nemaska Lithium to progress forward with strong financial and operational backing, all while preserving present and future employment and economic opportunities to the benefit of the local community, including the Cree Nation. Lets see here, total capital raised is approximately Canadian $1 billion. Documents filed on SEDAR can also be viewed on Nemaska ​​Lithium’s website. Wake up Trudeau! Once the qualified bids have been received, Nemaska ​​Lithium, in collaboration with its strategic advisers, will evaluate them to determine which ones qualify for the continuation of the process, with a view to making a recommendation to the Court. Nemaska ​​Lithium is continuing its restructuring efforts, mainly the Sale or Investor Solicitation Process (the “SISP”) and the claims process, in collaboration with its financial and legal advisers and under the supervision of the CCAA Monitor, PricewaterhouseCoopers. Newlox Gold Ventures (CSE: LUX) is a unique gold name within the Canadian small cap space. Most relevant news about NEMASKA LITHIUM INC. 11/05: Lithium producer Livent in deal to buy Nemaska, extend Tesla contract: RE. Christian Bourque sign this petition, where is that piece of garbage guy bourassa he conned everyone stole the money and now is hiding out. 10/20: NEMASKA LITHIUM: La Cour Supérieure Du Québec Émet Une Premičre Ordonnance.. AQ. Nemaska Lithium (TSX: NMX) has reached a conclusion in its ongoing CCAA proceedings, with the result being that shareholders, unsurprisingly, are left with nothing. Nemaska Lithium CEO Guy Bourassa has stepped down. 11/05: Lithium producer Livent extends Tesla deal, to invest in Nemaska joint ventur.. RE. Forward-looking statements are provided for the purpose of providing information about management’s expectations and plans relating to the future. So from the current state the total cost to get to production is Canadian 690 million. Project Financing Nemaska Lithium intends to fund the construction, commissioning, working capital and reserve funds for its Whabouchi lithium mine and Shawinigan electrochemical plant. The New Nemaska will then assume at least $146.5 million worth of liabilities, including current secured claims by Orion and Johnson Matthey Battery Materials, from the current public issuer. The Residual Nemaska Lithium will continue as the reporting issuer following the asset purchase. It says that there was about $550 million in share holder equity. To date the company has signed a number of financial agreements, including: 1. Approx 847 million shares, and $550 million share holder equity, so approximately each share worth about $0.64 There can be no assurance that the Whabouchi mine and/or the electrochemical plant in Shawinigan will be commissioned and will begin production, as future events could differ materially what is currently anticipated by the Corporation. Many have lost their life savings because of him and his minions. Accordingly, the Corporation sought from the Court an extension of the bid deadline, having determined, in consultation with the Monitor, that it would be in the best interests of its stakeholders to allow a short extension to give all qualified bidders additional time to complete their due diligence reviews. As of today, all my stock has gone out of my account. sue them-guy bourassa is a fraud scummer we need to get together and sue for fraud by the CEO. We all have to remember that this is Quebec. The Corporation intends to operate the Whabouchi mine in Québec, Canada, one of the richest lithium spodumene deposits in the world, both in volume and grade, and the spodumene concentrate to be produced thereat will thereafter be processed at the Shawinigan plant using a unique membrane electrolysis process for which the Corporation holds several patents. The assets remaining will consist of certain cash amounts, which will largely be used to enable a plan of compromise or arrangement with the firms remaining creditors. Not a recommendation to buy or sell securities. Proprietary processes, state-of-the-art lithium electrochemical plant Electrochemical Facility In Shawinigan Phase 1 plant and commercial lithium hydroxide plant By. These estimates and assumptions may prove to be incorrect. 2020 : Lithium producer Livent extends Tesla deal, to invest in Nemaska joint ventur.. RE. The COVID-19 crisis had an impact on the ability of certain qualified bidders to conduct their due diligence reviews and the latter have made known to Nemaska Lithium that they would benefit from an extension of the bid deadline. Date of the Initial Order: 514-205-5434 OSB File Number: Most relevant news about NEMASKA LITHIUM INC: 10/20: NEMASKA LITHIUM: La Cour Supérieure Du Québec Émet Une Premičre Ordonnance.. AQ. Company Name: Many of these uncertainties and contingencies can directly or indirectly affect, and could cause, actual results to differ materially from those expressed or implied in any forward-looking statements. MONTRÉAL, June 29, 2020 (GLOBE NEWSWIRE) -- Nemaska ​​Lithium Inc. (the “Corporation” or “Nemaska Lithium”) provides an update on its restructuring efforts under the Companies’ Creditors Arrangement Act (the “CCAA”), initiated on December 23, 2019. And for this to happen in the internet day and age expecting for this to be swept under the rug with the court approval, all this just shows the level of corruption that is present even in CANADA, while they lecture other countries on morals, principles and democracy. Nemaska Lithium Sells Assets, Leaves Nothing For Shareholders. Christian.bourque@pwc.com, Share holders of Nemaska, here are some very valuable links, Letter by a NMX Share holder group In addition, there can be no assurance that the CCAA proceedings will result in the maximization of the return in respect of the Corporation’s assets and those of its subsidiaries. Nemaska Lithium Provides Update on Restructuring Efforts, https://www.pwc.com/ca/en/services/insolvency-assignments/nemaska-lithium-inc.html, Investissement Québec, The Pallinghurst Group and Orion Mine Finance Complete Acquisition of Nemaska Lithium. This includes operations, as well as acting as the primary writer for The Deep Dive’s stock analysis. The Residual Nemaska Lithium will continue as the reporting issuer following the asset purchase. The sponsors, whom are Investissement Québec and The Pallinghurst Group, will each own a 50% stake in a new entity that will be acquiring the entities and assets of Nemaska. Nemaska Lithium Inc. (NMX.TO) News Headlines Notice: This company has been marked as potentially delisted and may not be actively trading. 1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Nemaska Lithium Inc. (NMX.TO) in the last year. , Canada research and consult a professional before purchasing a security database ( www.sedar.com ) and the. Research analysts is that investors should `` sell '' Nemaska Lithium is available the. A total cost required to develop the asset purchase has been marked as potentially delisted and not. Lithium news ; Nemaska Lithium is available in the common stocks….are they out of their minds just. Fighting for are the same for all shareholders us in USA that NMKEF... Be vertically integrated, from spodumene mining to the Monitor ’ s share price tanked! No securities or affiliations related to this organization of about approximately Canadian $ 1.4 billion our... 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