Nemaska Lithium Preps Whabouchi Mine Site for 60,000 t Bulk Sample and Modular Mill Installation

Source:  Nemaska Lithium

Nemaska Lithium Inc. ("Nemaska Lithium" or the "Corporation") (TSX:NMX)(OTCQX:NMKEF) is pleased to provide an update on the bulk sample and modular mill installation at the Whabouchi mine located in the Eeyou Istchee James Bay region, Quebec, Canada. Nemaska Lithium has applied for a Certificate of Authorization to install and operate a new self-contained dense media separation (DMS) modular mill. The modular mill has a processing capacity of 10 t/hour. The Corporation has also decided to increase the mine representative bulk sample from 29,000 t to 60,000 t. This bulk sample will be milled to obtain a 6% Li₂O concentrate that will be further processed into lithium hydroxide at Nemaska Lithium's Phase 1 Plant which is under construction in Shawinigan, Quebec.

With the General Certificate of Authorization for the Whabouchi Mine site already in hand, Nemaska Lithium is not anticipating any issues with the ongoing further permitting and has given a mandate for site preparation and installation of the modular mill to Met-Chem Canada, member of the DRA Group. The Corporation is anticipating installation and commissioning of the DMS modular mill to be completed by the end of October 2016 with the mill producing a DMS concentrate over the next 12 to 18 months following the commissioning phase. Part of the DMS material will be further processed through flotation before being shipped to the Phase 1 plant in Shawinigan, Quebec.

"The modular mill is a critical component of our Phase 1 Plant project as it will produce the necessary concentrate that will be further processed into lithium hydroxide samples for customers that are seeking to qualify our products," said Guy Bourassa, President and CEO of Nemaska Lithium. "With the recent addition of Mr. François Godin as VP Operations, I am very confident that this project is in good hands and we will be on track to start shipping mine representative commercial samples of lithium hydroxide to customers including Johnson Matthey Battery Materials by Q1 and Q2 2017." Bourassa continued, "Qualifying ourselves with customers as a new lithium hydroxide supplier is normal course of business in this industry and is the rationale behind building the Phase 1 Plant and operating the DMS modular mill. This strategy will enable us to more rapidly start realizing revenue from the commercial Hydromet plant which is still on target for commissioning in Q2 2018."

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, cell phones, tablets and other consumer products. 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.

Nemaska Lithium Drilling Program at Whabouchi Lithium Project Progressing Well

Source:  Nemaska Lithium

Nemaska Lithium Inc. ("Nemaska Lithium" or the "Corporation") (TSX:NMX)(OTCQX:NMKEF) is pleased to provide an update on the previously announced definition drilling campaign for its Whabouchi lithium project (44 drill holes over 13,700 m). The drilling is progressing at a faster than expected rate, and to date Nemaska Lithium has drilled 22 holes totalling 5,935 metres. The drill hole are oriented towards N300° with a dip ranging from 45° to 65°. The drilling thus far has confirmed the continuity of the dykes down to 200 metres from surface in the eastern part of the deposit and spodumene bearing pegmatite dykes were observed in all holes. Drilling is now expected to be completed by the end of August with initial drill results out by September 2016.

The main objectives of this program are to convert the existing pit constrained inferred resource into measured and indicated, to add near surface resources in the east zone of the pit design as well as confirming continuity of further resources at depth below the 200 m level.

"This drilling confirms that there are additional dykes on the Whabouchi deposit, which is already classified as one of the best pegmatite lithium deposits in the world," said Guy Bourassa, President and CEO of Nemaska Lithium. "I look forward to reporting the drill results in the next couple of months, which will unveil its impact on the projected Whabouchi life of mine."

The table below give the details of the intersections, greater than 3m long core, that are currently logged, indicating the intersections of spodumene bearing pegmatite that were intersected. Assay results will be released when completed.

Section	Hole Name	From (m)	To (m)	Core length (m)	True width* (m)
06+25	WHA-16-155	357.5	369.4	12.0	6.3
06+25	WHA-16-155	337.5	351.5	14.1	7.4
06+25	WHA-16-155	312.7	331.2	18.5	9.7
07+75	WHA-16-183	206.6	223.9	17.3	9.1
08+50	WHA-16-172	248.6	262.7	14.1	7.4
08+50	WHA-16-172	275.0	299.1	24.1	12.7
08+75	WHA-16-173	240.7	246.4	5.8	3.0
08+75	WHA-16-173	266.7	284.2	17.5	9.2
09+50	WHA-16-174	259.6	267.1	7.5	3.9
09+50	WHA-16-174	238.0	246.0	8.0	4.2
09+50	WHA-16-174	72.0	81.6	9.6	5.0
09+50	WHA-16-174	276.8	288.7	11.9	6.2
09+75	WHA-16-156	146.1	157.2	11.1	5.8
09+75	WHA-16-156	221.6	233.0	11.5	6.0
09+75	WHA-16-156	54.3	66.8	12.5	6.5
09+75	WHA-16-156	241.6	254.4	12.9	6.8
10+00	WHA-16-157	65.4	74.8	9.4	4.9
10+00	WHA-16-157	161.0	171.7	10.7	5.6
10+00	WHA-16-157	132.3	143.1	10.8	5.7
10+00	WHA-16-157	234.0	259.5	25.5	13.4
10+25	WHA-16-158	163.2	172.0	8.8	4.6
10+25	WHA-16-158	213.3	223.4	10.1	5.3
10+25	WHA-16-158	132.4	143.8	11.4	6.0
10+50	WHA-16-176	181.8	187.9	6.2	3.2
10+50	WHA-16-176	66.5	72.9	6.4	3.4
10+50	WHA-16-176	274.6	285.6	11.0	5.8
10+75	WHA-16-159	86.0	91.7	5.8	3.0
10+75	WHA-16-159	154.8	162.1	7.3	3.8
10+75	WHA-16-159	106.4	115.3	8.8	4.6
10+75	WHA-16-159	28.9	46.2	17.3	9.1
11+50	WHA-16-160	248.9	254.9	6.0	3.2
11+50	WHA-16-160	11.5	18.3	6.8	3.5
11+50	WHA-16-160	237.6	245.9	8.3	4.4
11+50	WHA-16-160	187.4	202.0	14.5	7.6
11+50	WHA-16-160	100.5	126.1	25.7	13.5
12+00	WHA-16-161	55.5	65.0	9.5	5.0
12+00	WHA-16-161	146.6	160.4	13.8	7.2
12+00	WHA-16-161	198.0	213.2	15.2	8.0
12+00	WHA-16-161	82.5	104.9	22.4	11.8
12+50	WHA-16-162	80.6	90.6	10.0	5.3
12+50	WHA-16-162	171.7	185.5	13.8	7.2
12+75	WHA-16-164	96.3	102.1	5.8	3.1
12+75	WHA-16-163	1.1	12.1	11.0	5.8
12+75	WHA-16-163	54.8	66.0	11.2	5.9
12+75	WHA-16-164	110.3	124.4	14.1	7.4
12+75	WHA-16-164	27.0	49.8	22.8	12.0
13+00	WHA-16-178	32.7	41.4	8.7	4.6
13+00	WHA-16-178	229.3	238.1	8.8	4.6
13+00	WHA-16-178	126.9	137.2	10.3	5.4
13+00	WHA-16-178	150.0	163.2	13.2	6.9
14+00	WHA-16-165	2.6	17.9	15.2	8.0
* True width estimated for drill holes with a dip of 50° and a general dip of 85° for the mineralized structure

The drilling campaign is supervised by Jean-Philippe Paiement, M.Sc. P. Geo, at SGS Canada Inc. Forage Rouiller has been chosen to carry out drilling. Samples are being prepared by the SGS Canada Inc. laboratory in Quebec City and shall be analyzed by the SGS Canada Inc. accredited laboratory in Vancouver. A first shipment of samples from Nemaska to Quebec city is expected for July 28 2016.

A QAQC program involving blank samples, standard samples and field duplicates has been implemented during the sampling process. The work is carried out in accordance with CIM's mining exploration guidelines and best practices.

The technical parts of this press release were prepared by Jean-Philippe Paiement, M.Sc. P. Geo, at SGS Canada Inc., qualified person under Regulation NI 43-101.

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, cell phones, tablets and other consumer products. 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.

Nemaska Lithium Begins a Targeted Definition Drilling Campaign on the Whabouchi Project with the Objective to Increase the Existing Lithium Resource and Extend the Mine Life

Source:  Nemaska Lithium


Nemaska Lithium Inc. ("Nemaska Lithium" or the "Corporation") (TSX:NMX)(OTCQX:NMKEF) announces that it has begun a $1.5M budget definition drilling campaign for the Whabouchi project in the Eeyou Istchee James Bay region. The main goals of this program are to convert the existing in-pit inferred resource into measured and indicated, to add near surface resources in the east zone of the pit design as well as confirm continuity of further resources at depth below the 200 m level.


"Assuming we achieve our goals, this drill program will enable us to increase our open pit mine life, reduce the stripping ratio and lower the production cost of concentrate," said Guy Bourassa, President and CEO of Nemaska Lithium. "In addition to having a clearer idea of the full potential of the lithium resource at Whabouchi, this drilling program enables management as well as shareholders to fully value our project."

The drilling program, involving an anticipated 44 drill holes spread over 13,700 m, is expected to be completed in September 2016. The feasibility study titled: NI 43-101 Technical Report Feasibility Study Update on the Whabouchi Lithium Deposit and Hydromet Plant (Revised), covers mineral resources totalling 27.9 Mt with an average grade of 1.57% Li₂O in the measured and indicated categories and 4.69 Mt with an average grade of 1.51% Li₂O of inferred resources in an optimized pit with a 0.43% Li₂O cut-off grade. The three main objectives of the drilling campaign are:

1. The potential conversion of 4.69 Mt of inferred resources, inside pit design, to indicated resources, representing a potential upgrade between 15 and 25% of resources that could be converted to reserves (that is, measured and indicated resources). This phase involves 5,900 m covering 22 drill holes. (See Fig. 1)

2. The second objective is to increase the level of confidence of mineral resources between 0 m and 200 m vertical from the surface. This phase would potentially make it possible to fill the East section of the longitudinal zone, which does not include any resources at the moment. A total of 17 drill holes over a 5,100 m surface area are expected to be drilled in order to meet this objective. This phase is expected to result in a potential increase block model volume between 20 and 35%. (See Fig. 2)

3. Finally, the drilling program aims to confirm the continuity of the longitudinal zone of mineral resources down to 500 m vertical depth, below surface. Five drill holes for a total of 2,700 m are expected to be drilled in order to meet this objective. This could potentially allow an increase between 30 and 45% in the longitudinal zone covered by the mineral resource model. (see Fig. 3)

The drilling campaign is supervised by Jean-Philippe Paiement, M.Sc. P. Geo, at SGS Canada Inc. Forage Rouiller has been chosen to carry out drilling. Samples shall be prepared by the SGS Canada Inc. laboratory in Quebec City and shall be analyzed by the SGS Canada Inc. accredited laboratory in Vancouver.

A QAQC program involving blank samples, standard samples and field duplicates shall be established during sampling. The work shall be carried out in accordance with CIM's mining exploration guidelines.

The technical parts of this press release were prepared by Jean-Philippe Paiement, M.Sc. P. Geo, at SGS Canada Inc., qualified person under Regulation NI 43-101.

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, cell phones, tablets and other consumer products. 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.

Nemaska Lithium Hires VP Operations to Oversee the Development and Operation of the Whabouchi Lithium Mine and Hydromet Plant

Source:  Nemaska Lithium

Nemaska Lithium Inc. ("Nemaska Lithium" or the "Corporation") (TSX:NMX)(OTCQX:NMKEF) announces the hiring of Mr. François Godin as Vice President Operations. Mr. Godin will be responsible for all operations, both at the Whabouchi mine and at the Shawinigan plant. He will report directly to Mr. Guy Bourassa, President and CEO of Nemaska Lithium. Mr. Godin will officially join Nemaska Lithium and assume his role and responsibilities on August 9, 2016. His office will be located at the Corporation's Shawinigan Hydromet plant.

Prior to joining Nemaska Lithium, Mr. Godin worked 28 years in progressively senior operations and process optimization roles for the Iron & Titanium division of the multinational mining company Rio Tinto. During the final years of his tenure there, he built a mining organization, started and operated a billion dollar mining project from scratch in Madagascar, employing 640 people with an annual operating budget of $150M. His expertise spans the life of a mining project from start up, to operations, to chemical and mining process optimization. In addition, he brings experience in chemical processing from minerals using innovative new technologies. Mr. Godin holds a bachelor's degree in metallurgical engineering from Ecole Polytechnique of Montreal.

"I am delighted to add François to our senior management team," commented Guy Bourassa President and CEO of Nemaska Lithium. "He is an experienced and well-rounded professional that brings best practices expertise as well as start-up experience. This is a unique combination of skill sets that perfectly suits our current stage of development. He has built projects from the ground up and run them efficiently to consistently deliver results. I am excited to work with him as we move into the next phase of our Company's development. We have built a strong technical team that has led the technology development and now with the addition of François we are significantly de-risking our project execution and operation."

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, cell phones, tablets and other consumer products. 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.

Nemaska Lithium Completes $69 Million Financing and Commences Trading on the Toronto Stock Exchange

Source:  Nemaska Lithum

Nemaska Lithium Inc. ("Nemaska" or the "Corporation") (TSX:NMX) (OTCQX:NMKEF) is pleased to announce that it has completed its previously announced public offering (the "Offering"), for aggregate gross proceeds of $69,000,115.

In connection with the Offering, the Corporation issued a total of 60,000,100 units of the Corporation, which included the exercise of the over-allotment option in full, at a price of $1.15 per unit (the "Offering Price"). The Offering was completed through Dundee Securities Ltd. acting as lead agent, and including Cormark Securities Inc., CIBC World Markets Inc., GMP Securities L.P., Desjardins Securities Inc., Echelon Wealth Partners Inc. and Jett Capital Advisors, LLC (collectively, the "Agents").

The Corporation intends to use the net proceeds of the Offering for engineering fees in relation to the Whabouchi Mine and concentrator and the Shawinigan hydromet plant, down-payments for long lead items, drilling and for general working capital purposes.

"This financing strengthens Nemaska Lithium from a project execution standpoint, as we can now progress the commercial mine and hydromet plant projects in a significant way," commented Guy Bourassa, President and CEO of Nemaska Lithium. "We are starting the detailed engineering work of both the hydromet plant and the mine site, ordering long lead items, as well as initiating construction of the main buildings at the Whabouchi mine site. This will allow us to continue our work in enclosed facilities during the winter of 2017, which is critical to keeping us on target for production in Q2 2018 when the market for lithium compounds is projected to be very tight on the supply side." Bourassa continued "With close to 90% of this offering going to over 30 institutional investors we have significantly broadened our shareholder base and increased our presence with international investors."

The Corporation is also pleased to announce its graduation to the Toronto Stock Exchange (the "TSX") today pursuant to which all the common shares of the Corporation including the common shares issued pursuant to the Offering as well as the warrants issued pursuant to the Offering commenced trading on the TSX under the current stock symbol "NMX" for the common shares of the Corporation and "NMX.WT" for the warrants. As a result of the graduation to the TSX, the Corporation's common shares were delisted from the TSX Venture Exchange.

About Nemaska
Nemaska intends to become a lithium hydroxide and lithium carbonate supplier to the emerging lithium battery market. The Corporation is developing in Québec one of the most important spodumene lithium hard rock deposits in the world, both in terms of volume and grade. The spodumene concentrate produced at Nemaska's Whabouchi mine will be shipped to the Corporation's lithium compounds processing plant to be built in Shawinigan, Québec. This plant will transform the 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.