QUEBEC CITY, Jan. 18, 2019 (GLOBE NEWSWIRE) — Nemaska Lithium Inc. (the “Corporation”) (TSX:NMX) (OTCQX:NMKEF) is pleased to announce the appointment of Robert Beaulieu as its new Vice President, Operations. Since January 3, Mr. Beaulieu has been overseeing the construction and operations readiness work that will lead to the commissioning of the Whabouchi mine and the Shawinigan electrochemical plant.
“We are truly pleased to welcome Robert to Nemaska Lithium, an incredible talent developed through various Canadian and international experiences,” said Guy Bourassa, President and CEO of Nemaska Lithium. “Robert has led the start-up and operations of large-scale projects and we will benefit from his vast experience in transitioning from construction and development to ramp-up and commercial operations and process optimization. As we are fast approaching a new turning point in our history, his extensive track record in the development of complex and innovative mining and metallurgical processing projects will be an excellent addition to team.”
A seasoned professional with more than 25 years of experience in the mining industry, Mr. Beaulieu brings valuable knowledge of project startups. He was notably at the helm of the technical commissioning and production ramp-up of Glencore’s Koniambo Nickel mine, in New Caledonia, from 2012 to 2018. Prior to that, he has worked in highly strategic and technological environments, leading multidisciplinary teams in the achievement of critical targets for companies including Stornoway Diamond Corporation, SNC-Lavalin, Canadian Royalties inc and Metallurgy Magnola inc.
“It is with great pride that I am joining such a promising company as Nemaska Lithium,” said Robert Beaulieu, Vice President, Operations. “After only a few days in my new role, I have been able to witness the ingenuity and collective commitment behind Nemaska Lithium’s unique process and management philosophy. Both at the mine site and at the electrochemical plant, I have met innovative and dedicated people that truly share the common goal of making Nemaska Lithium a world-renowned success. I am very excited to embark, with them, on this journey towards the commercial operations of the project.”
About Nemaska Lithium
Nemaska Lithium Inc. is a developing chemical company whose activities will be vertically integrated, from spodumene mining to the commercialization of high-purity lithium hydroxide and lithium carbonate. These lithium salts are mainly destined for the fast-growing lithium-ion battery market, which is driven by the increasing demand for electric vehicles and energy storage worldwide. With its products and processes, the Corporation intends to facilitate access to green energy, for the benefit of humanity.
The Corporation will be operating the Whabouchi mine in Québec, Canada, one of the richest lithium spodumene deposits in the world, both in volume and grade. The spodumene concentrate produced at the Whabouchi mine will be processed at the Shawinigan plant using a unique membrane electrolysis process for which the Corporation holds several patents.
The Corporation is a member of the S&P/TSX SmallCap Index, S&P/TSX Global Mining Index, S&P/TSX Global Base Metals Index, S&P/TSX Equal Weight Global Base Metals Index, and the MSCI Canada Small Cap Index. For more information, visit www.nemaskalithium.com or twitter.com/Nemaska Lithium.
Cautionary Statement on Forward-Looking Information
All statements, other than statements of historical fact, contained in this press release 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.
Forward-looking statements contained in this press release include, without limitation, those related to (i) the commissioning of the Whabouchi mine and the Shawinigan electrochemical plant, (ii) making Nemaska Lithium a world-renowned success (iii) the commercial operations of the project, and (iv) generally, the above “About Nemaska Lithium” paragraph which essentially describes the Corporation’s outlook. Forward-looking statements are based on expectations, estimates and projections as of the time of this press release. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Corporation as of the time of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect.
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. 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.
By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that estimates, forecasts, projections and other forward-looking statements will not be achieved or that assumptions do not reflect future experience. Forward-looking statements are provided for the purpose of providing information about management’s expectations and plans relating to the future. Readers are cautioned not to place undue reliance on these forward-looking statements as a number of important risk factors and future events could cause the actual outcomes to differ materially from the beliefs, plans, objectives, expectations, anticipations, estimates, assumptions and intentions expressed in such forward-looking statements. All of the forward-looking statements made in this press release are qualified by these cautionary statements and those made in our other filings with the securities regulators of Canada including, but not limited to, the cautionary statements made in the “Risk Factors” section of the Corporation’s Annual Information Form dated October 10, 2018, and the “Risk Exposure and Management” section of the Corporation’s quarterly Management Discussion & Analysis. The Corporation cautions that the foregoing list of factors that may affect future results is not exhaustive, and new, unforeseeable risks may arise from time to time. The Corporation disclaims any intention or obligation to update or revise any forward-looking statements or to explain any material difference between subsequent actual events and such forward-looking statements, except to the extent required by applicable law.
Further information regarding Nemaska Lithium is available in the SEDAR database (www.sedar.com) and on the Corporation’s website at: www.nemaskalithium.com.
FOR FURTHER INFORMATION, PLEASE CONTACT:
| Victor Cantore Investor Relations 514 831-3809 [email protected] |
Wanda Cutler Investor Relations 416 303-6460 [email protected] |
| Fanny-Ève Tapp Media Relations B. 514 935 2777 # 204 C. 514 442 0445 [email protected] |
