Nemaska Expl. Die günstigste Li2O Aktie der Welt?

Kaum spreche ich die unterbewertung an, reagieren die kanadier :D


In Canada auf TH geschlossen. +20,5% und das volumen war auch nicht so schlecht.
Bin gespannt ob der kurs jetzt nachhaltig dreht.  

 

July 20, 2011 10:23 ET

 

 

QUEBEC CITY, QUEBEC--(Marketwire - July 20, 2011) -  Monarques Resources Inc. ("Monarques" or the "Company") (TSX  VENTURE:MQR) is pleased to report the principal results of eight diamond  drill holes that were completed during the winter 2011 exploration  campaign on its 100% owned Valiquette property. The Valiquette property  is part of Monarques 125 km long polymetallic property package, and  located about 15 km South-East of the Nemiscau airport, in the James Bay  region of Quebec.

 

www.marketwire.com/press-release/...owing-tsx-venture-mqr-1540334.htm

 

 

 

 

 

 

 

es kommen immer mehr empfehlungen, tolles interview zu lithium und über nemaska exploration inc.


By George Mack of The Energy Report
July 21, 2011

Mining Analyst David A. Talbot remains bullish on uranium and sees growing demand for lithium. In this exclusive interview with The Energy Report, he tells us why he believes the nuclear plant building boom will continue worldwide despite the recent setback in Japan. He has positive expectations for select stocks in both arenas.

Companies Mentioned: CanAlaska Uranium Ltd. - FMC Lithium Corporation - Hathor Exploration Ltd. - Nemaska Exploration Inc. - Rockgate Capital Corp. - Rodinia Lithium Inc. - Sociedad Química y Minera de Chile S.A. - Talison Lithium Ltd. - UEX Corp. - Uranium Participation Corp.

The Energy Report: Thank you for joining us today David. You last spoke with The Energy Report in late January about the uranium market and the nuclear industry. Two months later we had Fukushima. What is your analysis of the current state of affairs with nuclear and uranium?

David Talbot: We remain bullish on the spot price of uranium. In January, we said it was all about uranium demand and it largely still is. The demand picture hasn't really changed as much as the general media portrays. We might see uranium demand decline about 5% to 10% from where we predicted, by about 2020. But, we still expect about 240 to 280 million pounds (Mlb.) of demand per year by then, which is really about an increase of 30% to 55% from here.

Worldwide, 440 reactors are in operation, 61 under construction and 154 planned. Most of the sentiment over the past several months was driven by emotion and fear and reaction to what is being shown on the news rather than reason. Take Germany, Switzerland and Italy for example. Much of the mainstream media portrays Germany's anti-nuclear stance as the death knell for the industry. People don't understand that as recently as last September, Germany was preparing to get out of the nuclear power industry and did a sudden about face at that time by extending the deadline.

Looking at the numbers, the effect of Germany's shutdown won't be as bad as most think, either. Germany's 17 reactors only use 5% of current demand. This was expected to decline to about 3% by 2020. Switzerland only has five reactors and 1.4 Mlb. of annual requirements. That's less than 1% of world uranium demand. Italy, no reactors, none under construction, none planned. We do believe there will be cancellations and delays, but many of those countries were either on the fence to begin with or really just have smaller nuclear programs.

China, India and Russia alone account for about 50% of the new reactor build and they're all on board. India just announced that its new liability laws are due by the end of the month. This will likely kick start the nuclear build in that country. Saudi Arabia had 16 proposed reactors, which was a pleasant surprise in the land of big oil. That news essentially negated Germany's news in the long-term. Plus, strong support out of the United Arab Emirates and the announcement of new build in the U.K. were positive signs.

TER: Are there really any viable alternatives to nuclear?

DT: Not when it comes to a green alternative. Coal and oil definitely have their environmental drawbacks, even with scrubbers. So does natural gas even though it's currently favored by the green movement. The other alternatives just can't handle base load like nuclear.

TER: So what do you predict for the uranium market in the coming year or two?

DT: I believe supply is more of an issue today than it might have been about six months ago. Development companies need higher prices to make their projects economic and attract the investment they require. Without higher prices we likely won't see a lot of the new mine build that is being forecasted.

We forecast uranium prices between $65 and $75/lb. over the next couple of years, particularly as the HEU Agreement (Highly Enriched Uranium), or the down-blending of Russian nukes goes offline in 2013. Spot prices should strengthen later this year from $53.75/lb. right now. Uranium's term price is still at $68/lb. according to Ux Consulting, which publishes world nuclear fuel prices. It's only off about 7% since March 11th, which is telling us that the utilities are still buying. That's really the price that we should be watching rather than the spot price.

We often use Uranium Participation Corp.'s (TSX:U) price:NAV (net asset value) ratio as a proxy for uranium market sentiment. After almost four months of trading at over a 10% discount to its NAV, we now see only about a 5% discount to that NAV. We've got a buy and a CAD$9.40 target price on Uranium Participation.

Uranium stocks sometimes lead the uranium price. We saw that during the last cycle and we're starting to see some of that again with stocks that sold off too far and are now bouncing back. The developers and the smaller stocks should rebound a bit more quickly than some of the larger caps or producers. It may take some time to get the general investors back into the sector in any meaningful way, although lately, and much to our surprise, we have noticed that many who got into the space in November 2010 after the AREVA-China contracting news are still kicking the tires on the sector. In the meantime, some resource funds may come in and target smaller companies with potential for substantial capital gains but they'll likely target the better companies first.

TER: In January, you talked about three uranium companies that were at the top of your list: Rockgate Capital Corp. (TSX:RGT); Hathor Exploration Ltd. (TSX.V:HAT) and UEX Corp. (TSX:UEX). What's the story now?

DT: Not much has changed. All three companies have very good projects. All three remain at the top of the list. Rockgate is my top pick right now with a buy and CAD$4 target price on the stock. The stock is up about 66% since June 20th when the sector turned upward. It was fairly hard hit by Fukushima. Rockgate is working on its 100%-owned Falea project in Mali. That's a uranium-silver-copper deposit. It shows amongst the highest grades, up to 6.5% U3O8, that we've seen outside of the Athabasca Basin. It has a resource of about 28 Mlb. of uranium and 41 Moz. silver, which is likely to grow through aggressive drilling. We're expecting a comprehensive preliminary assessment report this month. This should give us further comfort regarding metallurgy of this high-grade uranium-silver-copper resource with potential for low-cost, long-life uranium and silver production. We just think the stock is undervalued and see a triple from here.

Hathor is a buy here with a CAD$5.60 target price. This stock is unique on the sector. It's up significantly, almost 92% up since March, is even up 3% since before Fukushima and back to the levels that we saw last November. We still think there is more room to go. It has joined the TSX. It has a new very strong management team that has over-delivered. And it is currently buying out its partner at Roughrider to own 100% of the property. Resources for a second zone were just announced and a third zone discovered. The second resource estimate announced in May brought the entire project to about 58 Mlb. If you look at just the high-grade portions of the deposit, you can really see about 54 Mlb. grading 12%, making this the fourth-highest grade uranium deposit on the planet. That should turn some heads and, we think, essentially make Hathor a potential takeout target. That is one of the main reasons the stock has been performing so well.

For UEX Corporation, we've got a buy and CAD$3 target price on this stock. The stock is up 16% over the last two months. It was also very hard hit by Fukushima. UEX actually started to rally earlier than most of its peers. It started going up about six weeks ago. This is a tale of two stories. It's about the Shea Creek joint venture with AREVA (PAR:CEI) and the third-largest uranium deposit in the Athabasca at 88 Mlb. Mineralization is open in almost every direction and we see high potential to expand. In the east, the company wholly owns the Hidden Bay Project. This is the sixth-largest undeveloped resource in the Athabasca Basin with about 40 Mlb. The preliminary assessment came out positively. It has a modest cash operating cost and capex (capital expenditure). This company has potential to toll mill its uranium at a couple of existing uranium mill facilities, including Cameco Corp.'s (TSX: CCO; NYSE: CCJ) Rabbit Lake Mill, which is located about 4 km. away from the project. Cameco already owns about 22.6% of the company.

TER: What do you think the prospects are for a lot of these smaller companies that are out there looking for uranium? How feasible are these prospects?

DT: I think that investors are now entering the small cap companies with good projects, but some of those microcap stocks haven't started to move yet. Therein is the opportunity. For example, take CanAlaska Uranium Ltd. (TSX.V:CVV; OTCBB:CVVUF; FkftH7). CanAlaska is in our Mineral Exploration Watch List, we have a buy rating with no target price. We have been following it for quite some time and it seems to be a bargain right now with a market cap of about $14M. It is a grassroots explorer with one of the largest exploration portfolios in the Athabasca Basin. I personally like high grades and that is why I like the Athabasca. CVV has formed joint venture agreements with Japanese and Korean strategic partners, raising about $42M through such partnerships to date. It has between 25,000m and 30,000m of drilling planned through 2011. The key focus is going to be the Fond du Lac Project located on the northern edge of the Athabasca where the company recently found 0.5% over 2m. We see potential to follow-up on that hit.

TER: Another area that you've been quite hot on is lithium. That's become a popular metal here in the last several years as the electric automobile business has taken off and lithium batteries are being used in all sorts of applications. Can you give us a review of that general market and what's going to happen there?

DT: Certainly. I believe the lithium industry is fairly concentrated. About 80% of world production is in the hands of the four largest lithium companies, Sociedad Química y Minera de Chile S.A. (NYSE:SQM; SSX:SQM-B; SQM-A) Chemetall, a division of Rockwood Holdings Inc. (NYSE:ROC), Talison Lithium Ltd. (TSX:TLH) and FMC Lithium Corp. (NYSE:FMC). World production is now roughly 120,000 tons per annum (tpa) of lithium carbonate equivalent. Actual capacity is closer to 180,000 tpa. New projects scheduled to come online in the next few years could perhaps add another 100,000 tpa. As expected in any fledgling industry, technical and permitting challenges could result in postponements. So, we might see some of those newer projects encounter a little bit of difficulty getting off the ground. Lithium carbonate demand appears to be growing somewhere between 7% and 15% annually. By 2020, lithium carbonate demand might reach as high as 240,000-270,000 tpa. If electric vehicle penetration picks up as expected, primarily in Asia or China, we could see a true renaissance that might help keep up with the potential production coming online.

TER: Is there potentially more supply than there is demand?

DT: I really think that remains to be seen, but there is that risk. China right now has about 100,000 electric vehicles and the country is striving for about one million by 2012 with 5 to 10 million by 2020. It has programs that urge first-time buyers to purchase electric vehicles of all kinds—cars, motorcycles, mopeds or e-bikes. We definitely see electric vehicle use increasing in China. So, it comes down to how well a retail product is adopted by the masses. We do think it will be adopted, but to what extent? We're not quite sure. Outside of Asia, a lot of hype is going on in Europe and North America. No one knows how quickly people in those countries will adopt new electric vehicles.

TER: How does potential demand affect the price of lithium or is that a contract market worked out by suppliers and buyers?

DT: Yes. Lithium prices are based on really long-term contract pricing between the buyers and the sellers and well disseminated to the public. However, the general consensus is that prices weakened around the financial collapse and really have just started recovering in the last few months. Prices right now are bouncing around $5,000/ton of lithium carbonate equivalent (LCE). Recent announcements by two of the four large producers, FMC and Chemetall, indicated their prices are going up by about 20% starting in July to over $6,000/ton. We use about $5,500/ton LCE for our forecast, which really is at the lower end of some of the studies out there and possibly below where a couple of the large producers are selling.

TER: You wrote a report dated June 9th, on the lithium industry where you described some companies you feel have pretty good prospects. Can you talk about some of those for us?

DT: Certainly. There are two fairly small companies in particular that I like at this time. Our top pick in the lithium sector is Rodinia Lithium Inc. (TSX.V:RM; OTCQX:RDNAF), despite its $30M market cap. We've got a buy with a CAD$1 target price on this stock. RM continues to be one of the most undervalued stocks on our lithium coverage list. Rodinia is developing a brine project at its flagship Salar de Diablillos site in the Province of Salta, Argentina, about 11 km. from the world's second-largest producer, FMC's Salar del Hombre Muerto. It just reported a couple of pit samples that were about three times the average lithium grade of the deposit. Rodinia also has its Clayton Valley Project in Nevada adjacent to Chemetall's Silver Peak brine operation and the only U.S. producer of lithium. Given the company's significant resource in Argentina, good brine chemistry, lack of competition on the Salar and its three aquifers, we think now is a good entry point for investors looking to share in Rodinia's growth. Our target price suggests a triple from here.

TER: And the other one?

DT: Nemaska Exploration Inc. (TSX.V:NMX; OTCQX:NMKEF) is located in mining-friendly Québec. We've got a buy and CAD$1.10 target price on it. Nemaska's hard-rock Whabouchi Project is expected to start production in 2012. It has a high-grade resource of 29 Mt. of ore grading over 1.5% lithium oxide. So, this is one of the higher grade lithium oxide pegmatites in the world. Not as high grade as Talison's in Australia, but it definitely does the trick. Nemaska anticipates production of a 6% lithium oxide concentrate that it could very quickly export to China where it has a strategic alliance with China's largest lithium battery materials provider Tianqi Lithium, a company that already owns 10% of Nemaska. Its projected initial gross margins are estimated in the 50% range based on a preliminary estimate from earlier this year and a modest $86M capex. This project has good infrastructure, support from the provincial government, the local native community and we think this is a good way to participate in short-term lithium concentrate production potential.

TER: Do you see any technological developments on the horizon that could significantly impact the lithium market, either negatively or positively?

DT: I think most of the technical advancements are going to be positive. The term "lithium-ion battery" actually comprises a range of battery designs. Many of them are still experimental and research is underway. But really, designers are looking to improve lithium's already high-energy density, take advantage of its ability to hold a charge and its lack of memory effect that allows it to recharge over and over again. But failure to reduce costs while maintaining and improving safety and durability could hamper growth prospects for electric vehicles. That would be a negative for the industry in general. Now, beyond vehicle applications, we may start seeing some lithium batteries being used for large-scale electrical storage. Single batteries storing dozens of megawatts might power a small town or factory. That application could potentially drive demand further.

TER: Is there any competing technology on the horizon that could knock lithium out of the market at some point?

DT: Not when it comes to the smaller applications. Lithium is pretty light. It's ideal for use in iPods and laptops. And because it's light, I think it'll be used more in vehicles. When it comes to long-term storage applications, vanadium could be substituted.

TER: Do you have any final thoughts you would like to leave with our readers?

DT: To summarize, we're bullish on the prospects for the uranium sector. Because of the undeniable long-term demand, we are on course for a uranium shortage by the year 2014. We expect that uranium prices will begin to reflect that situation. Beyond that, we do see a little bit of a rally here in the uranium stocks. We think that they are definitely undervalued. And, we've seen some pretty good news lately. The U.K. is expanding its fleet of reactors, which is a very positive signal to the market, and the Indian nuclear build is finally getting its own kickstart.

In the lithium space, we're optimistic demand will continue to increase in the manufacturing of greases, glass and ceramics. But we really think it will explode in the lithium-ion battery segment where small batteries, laptops and iPods will be joined by growth in electric vehicle and large-storage batteries. We will keep an eye on supply over the next few years.

TER: So, as far as you're concerned, things generally look pretty positive and this looks like a good time for people to be buying. Is that right?

DT: Absolutely.

TER: Well, thank you very much for taking time out of your busy schedule. I'm sure that our readers will find this all very interesting and hopefully, useful.

DT: I appreciate the conversation.

Dundee Securities Senior Mining Analyst David Talbot worked for nine years as a geologist in the gold exploration industry in Northern Ontario. His field experience included three years with Placer Dome and six years managing projects for Franco-Nevada Corp. and its successor, Newmont Capital. David joined Dundee's research department in May 2003; in the summer of 2007 he took over the role of analyzing the fast-growing uranium sector, and has since launched the lithium sector. David is a member of the Prospectors and Developers Association of Canada, the Society of Economic Geologists and graduated with distinction from the University of Western Ontario with an Honours B.Sc. degree in geology.

 

www.naturalresourcesconfidential.com/Editorials_U14K.html

 

Video: Nemaska Exploration’s Whabouchi 3D Drill Tour



http://www.resourceintelligence.net/...-whabouchi-3d-drill-tour/20737

 

 

 

 

 

 

 

 

Ich schaue gerade in mein Depot bei meiner Bank... dort wurden gestern um 11:30 2.000 Stk Nemaska Aktien in Kanada gekauft, Kurs 0,0022 CAD. Zum einen erscheint mir der Kurs seltsam, zum anderen habe ich nie eine Order erteilt.

Sind das irgendwelche Optionen die uns zustehen oder was ist da los? Hat noch jemand solch eine Buchung erhalten?  

Deutsche B. ist alles beim Alten  

ist auch alles beim alten (ING DIBA)

Werden sie immer noch angezeit, Funky?
hätte auch gerne 2000 Stk für lau :D

gruß black.jack  

Allerdings habe ich nun 2 Positionen Nemaska im Depot: meine ursprüngliche mit WKN A1CVTC und dann die neue mit WKN 0QACC4. Werde morgen mal die Bank befragen was da vor sich geht...  

ohne Bemerkungen des Forums immer weiter nach oben. Vom Tief hat sie immerhin 30-40% zugelegt und das ohne Umsatz. Kann sich da einer einen Reim drauf machen?  

Nissan CEO sieht "grüne Auto-Boom" in China
Pläne $ 7.8B Investition

Nissan Motor, die größte asiatische Autohersteller in China, plant 50 Milliarden Yuan ($ 7800000000) gibt es von Ende 2015 zu investieren, da es seine Expansion in die weltweit größte Automarkt beschleunigt.

Dongfeng Motor Co, Nissan Venture mit Dongfeng Motor Group, soll 2,3 Millionen Fahrzeuge, im Vergleich zu 1,3 Millionen Einheiten verkauft im vergangenen Jahr, sagte Nissan Chief Executive Carlos Ghosn Reportern in Peking am Dienstag.

Die China-Initiative ist wichtig, das Unternehmen vor kurzem enthüllt mittelfristigen Businessplan, ihren weltweiten Marktanteil und Gewinn-Marge auf 8 Prozent steigern innerhalb von sechs Jahren zu erreichen.

"Wir werden extrem abhängig von einem Markt ... Die Entwicklung des chinesischen Marktes für uns macht Nissan weniger abhängig von einer Region oder eines Landes oder eines Marktes eingesetzt", sagte Ghosn.

"Wir haben keine Beschränkung, kein Limit, was wir bereit sind zu tun, weltweit, werden wir es in China zu tun."

China ist bereits der größte Markt für Nissan, die ihre Präsenz dort sehr viel später als General Motors und Volkswagen.

Um sein neues Wachstum anzugehen, wird DFL über 30 neue Produkte in der Zeit zu starten, darunter ein Elektrofahrzeug unter dem Joint-Venture-Marke Venucia.

Es fügt eine leichte Nutzfahrzeug-Werk in Changzhou in der Provinz Jiangsu. Einrichtungen geplant werden und läuft im nächsten Jahr eine PKW-Werk in der südchinesischen Stadt Guangzhou und eine in Zentral-China, was schwerer Nutzfahrzeuge.

Die Zahl der DFL Händlern in dem Land, inzwischen wird erreicht 2.400 bis zum Jahr 2015 bis jetzt von 1.400.

Ghosn, der an der Spitze der Nissan seit seiner Ankunft aus den Partnerländern Renault im Jahr 1999 wurde bekräftigt, das Ziel zu einem Marktanteil von 10 Prozent in China irgendwann zu erfassen.

Im vergangenen Jahr erwischte Nissan einen Rekord von 5,8 Prozent Anteil am weltweiten Automobilmarkt. Es hat jetzt einen 6,2 Prozent Marktanteil in China, wo es sowohl Toyota Motor und Honda Motor führt.

Defying einem sich abschwächenden Marktumfeld

Chinas einst sizzling Automobilmarkt hat sich, nachdem die Regierung abgestreift meisten seiner politischen Anreize zum Ende des Jahres 2010 abgekühlt. Car ging der Umsatz zum ersten Mal in mehr als zwei Jahre im Mai.

Aber Nissan tally blieben gesund.

In der ersten Hälfte, verkauft DFL 734.440 Fahrzeugen um 13,4 Prozent über dem Vorjahresniveau, schlägt ein 3,4 Prozent klettern in der Gesamtmarkt.

Toyota verkaufte 354.400 Fahrzeuge, minus 2,2 Prozent gegenüber dem Vorjahr, während Honda sank der Umsatz um 8,9 Prozent auf 236.264 Einheiten.

Branchenbeobachter Attribut Nissan stellaren Umsatz seiner breiteres Produktangebot und flexibler Teile-Beschaffung Praktiken, die es weniger anfällig für Teile Engpässe in der Folge des tödlichen Erdbeben in Japan und dem Tsunami im März.

"Nissan ... über dem Markt. Seine Krawatte mit Renault könnte dabei hilfreich sein, wenn es um die Teileversorgung kommt", sagte Yale Zhang, Geschäftsführer der Auto Foresight, einem in Shanghai ansässigen Industrie-Beratung.

Ghosn bleibt optimistisch über Nissan das Wachstumspotenzial in China.

"Wir haben systematisch falsch über China auf die Prognose für den letzten sieben Jahren. Es gab nicht einmal einem Jahr haben wir auch nur annähernd ... Und wir waren falsch auf der konservativen Seite."

EV POTENTIAL

Zur Stärkung Chinas Energiesicherheit, hat Peking erklärte die Elektrofahrzeug-Industrie eine der obersten Prioritäten, die Zweckbindung 1500000000 $ pro Jahr für die nächsten 10 Jahre um das Land zu einem der führenden Hersteller von umweltfreundlichen Fahrzeugen zu verwandeln.

Doch die Kunden bleiben unbeeindruckt von den hohen Kosten und der begrenzten Reise Reichweite der Fahrzeuge und ein Mangel an Ladeinfrastruktur.

In Shanghai, eine riesige Metropole mit mehr als 20 Millionen Menschen gibt es nur 10 registrierte Elektroautos, während die Zahl in Hangzhou ist nur geringfügig höher bei 25, nach China Business News.

Dennoch ist Ghosn, um den Verkauf ihrer lokal hergestellte elektrische Venucia in China im Jahr 2015, Eintritt in die Gleichen von GM, Volkswagen und Daimler auf grün Chancen in das Land zu erkunden verpflichtet.

"Mit der chinesischen Regierung klar sagen, dass sie gehen, um neue Energie Fahrzeuge unterstützen ... du wirst mehr zu bieten sehen", sagte er. "Also ich erwarte in den nächsten fünf Jahren die Branche boomt weiter!"
© Copyright (c) Driving

 

translate.googleusercontent.com/translate_c

 

Monarques Resources Inc. Intersects Rare Earth Elements (REE) Mineralization (up to 1.50% Total Rare Earth Oxide - TREO) in the Arques Complex

QUEBEC CITY, QUEBEC--(Marketwire - Sept. 15, 2011) - Monarques Resources Inc. ("Monarques" or the "Company") (TSX VENTURE:MQR) is pleased to report the results of five diamond drill holes that were completed during the winter 2011 exploration campaign on its 100% owned Arques property. The Arques property is part of Monarques 125 km long polymetallic property package, that is located in the lower James Bay region of Quebec.

"Our 2011 winter program has provided an extraordinary surprise as it has confirmed the Arques complex as a new REE bearing unknown intrusive alkaline complex." said Guy Bourassa, Monarque's President & CEO. "Our exploration efforts will now focus on depicting the intrusion to distinguish any Rare Earth Elements, Niobium and Tantalum enriched lithologies."

Highlights:

The Arques 2011 winter drilling program was designed to explore an ellipsoidal magnetic feature modeled by a magmatic intrusion of about 8 km by 5 km. Five diamond drill holes (DDH) were positioned in a manner to intersect interpreted magnetic lineaments. All holes have mainly revealed critically undersaturated lithologies (monzonite). In addition, the hole RUP-11-05 has returned TREO values of 0.77% over 2.1 meters, 0.80% over 3.8 meters and 0.59% over 3.1 meter of which the best intersection grades 1.50% TREO over 1.0 meter.

As only the most differentiated lithologies have been sampled, the Company will review the drill core to conduct new sampling if required.

Following these encouraging results, the Company has begun its Phase II exploration program. This summer, a track-etching radiometric survey covering the entire complex (749 reading station) provided multiple high contrast anomalies. Monarques is initiating a 2,200 m diamond drilling program to follow up on these targets during the coming winter.

The technical sections of this press release have been prepared by Yves Caron, M.Sc., P. Geo., Vice-President Exploration for Monarques and qualified persons as defined in National instrument 43-101.

The samples have been shipped for preparation (crushing and pulverization) to the facilities of Table Jamesienne de Concertation Miniere (TJCM) in Chibougamau. The prepared samples were then sent by courier to ALS Chemex facilities of Val-d'Or in Quebec ("ALS") for analysis under methods ME-MS81 and ME-ICP06. This laboratory is recognized by industry and accredited ISO/IEG 17025: 2005 by the Canadian Council of standards. Monarques Resources Inc. implements a rigorous quality control protocol to its operations, including the insertion of analytical control samples, duplicates and blanks and the follow-up on the results of these assays.

ABOUT MONARQUES RESOURCES INC.

Monarques Resources Inc. (TSX VENTURE:MQR) is a mineral exploration company that is exploring for base metals, platinum group element (PGE) and precious metals on its 100% owned properties in the Lower James Bay Region of Quebec. These properties are entirely underlain by the Lac des Montagnes polymetallic greenstone belt formation, which hosts multiple showings and drill ready targets in addition to the Nisk-1 deposit. Monarques mineral assets are comprised of 1,233 map designated claims divided in 10 properties known as Arques, Amiral, Bourier, Caumont, Dumulon, Duval, Lemare, Nisk, Rosebay and Valiquette. The most advanced asset is the Nisk-1 deposit (nickel, copper, PGE) located on the Nisk property which contains a NI 43-101 compliant resource estimate prepared by Pierre Trudel, PH.D. Eng., of RSW Inc. and dated December 19, 2009. The properties are accessible year round by either the Route du Nord from Chibougamau (280 km) or the Route de la Baie James from Matagami (380 km) and are located near the Cree community of Nemaska and the Nemiscau airport. Nemaska Exploration inc. (TSX VENTURE:NMX) and (OTCQX:NMKEF), an advanced lithium exploration and development company is a major shareholder of Monarques.

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.

 

www.benzinga.com/pressreleases/11/09/m1919265/...nts-ree-mineralizati

 

 

 

 

setzt in zunehmendem Maße auf Elektroantriebe. Das kann uns nur recht sein, bedeutet es doch einen zunehmenden Lithium verbrauch. Das wird schon noch!  

Nemaska Files the Notice of Project Before the COMEV for the Whabouchi Deposit and Provides Update on Work in Progress

 

www.istockanalyst.com/business/news/5424436/...te-on-work-in-progress

 

 

 

 

 

Pilot plant Metallurgical tests

Spodumene concentrate

Metallurgical testing on a 58 tonnes bulk sample, announced on May 5, 2011, is proceeding according to schedule. The first phase, a pilot plant treatment of bulk sample material to produce a spodumene concentrate using DMS (dense media separation) technology has been completed. Phase 2 will produce spodumene concentrate by flotation and will treat separately:

1. representative sample material for an all-flotation option, and
2. the fines and middling products from the DMS pilot plant for a combined DMS flotation option.

These two pilot plant phases will provide necessary metallurgical data that will be input into the Definitive Feasibility Study for production of saleable spodumene concentrate.

Production of lithium carbonate and hydroxide

The Company also confirms that it is conducting metallurgical tests to establish the definitive production process for making lithium carbonate and lithium hydroxide monohydrate from spodumene concentrate. These additional tests should be completed during the month of October 2011 and will be employed in the design of a hydrometallurgical pilot plant to generate data for a further feasibility study for the construction of a lithium carbonate and hydroxide production plant in the Province of Quebec. This latter feasibility study will be initiated as soon as the Definitive Feasibility study for production of spodumene concentrate is completed.

 

finance.yahoo.com/news/Nemaska-Files-the-Notice-of-ccn-2812988074.html

 

 

 

 

 

 

 

 

langsam kommt leben in die bude. :)  

ein neues video über nemaska exploartion und die lithium liegenschaft in whabouchi canada, schaut gut aus

läuft bei mir leider ohne ton.

 

www.b-tv.com/features/watch-now.html

 

November 3, 2011
Nemaska Announces It Will Retain the Services of Bay Capital Markets Inc.
QUEBEC, QUEBEC, CANADA--(Marketwire - Nov. 3, 2011) - NEMASKA EXPLORATION INC. ("Nemaska" or the "Corporation") (TSX VENTURE:NMX)(OTCBB:NMKEF)(FRANKFURT:N0T) is pleased to announce it will retain the services of Bay Capital Markets Inc. for the purposes of providing financial public relations services pertaining to the activities of the Corporation. In carrying out its mandate, Bay Capital Markets Inc. will establish a closer and more constant relationship between the Corporation and the financial community as well as from news media, the whole subject to the terms and conditions of an agreement to be entered into between Nemaska and Bay Capital Markets Inc (the "Agreement").

The Agreement has a term of twelve months from the date of its signature with renewal terms of six to twelve months.

In consideration for its services, Bay Capital Markets Inc. will receive a monthly service fee of $6,000. Bay Capital Markets Inc. is also entitled to the reimbursement of certain fees and expenses in connection with the services provided to Nemaska.

Upon signature of the Agreement, an option will be granted to Bay Capital Markets Inc. (the "Option") to purchase up to a maximum of 250,000 common shares of Nemaska (the "Option Shares") at a price of $0.40 per common share for a period of two years following the date of grant or for 30 days following the termination of the Agreement. The Option may not be exercised during the three months following the date of grant. Thereafter, the Option may be exercised, in whole or in part, in respect of one-fourth of the Option Shares for each subsequent quarter.

The Agreement, the payment of the service fee and the grant of the Option are subject to the approval of the TSX Venture Exchange.

Mr. Bosko Djurovic is the President, the sole director and the main shareholder of Bay Capital Markets Inc. He will be the person who will provide services to the Corporation. The registered office of Bay Capital Markets Inc. is located at 1200 McGill College, suite 110, Montreal, Quebec.

There is no prior relationship between Bay Capital Markets Inc. and Nemaska, nor is there any direct or indirect interest in Nemaska or its securities or any right or intent to acquire such an interest on the part of Bay Capital Markets Inc., except for the aforementioned Option.

About Nemaska

Nemaska is an exploration and development corporation involved in the James Bay region of Quebec. Nemaska intends to concentrate on the development of its Whabouchi lithium deposit and to conduct exploration work on its 100% owned Sirmac lithium project. Whabouchi deposit is easily accessible year round by either the Route du Nord from Chibougamau (280 km) or the Route de la Baie James from Matagami (380 km) and is located near the Cree community of

Nemaska and the Nemiscau airport. Nemaska also owns 47.4% of Monarques Resources Inc. (TSX VENTURE:MQR).

Forward-looking statements contained in this press release involve known and unknown risks, uncertainties and other factors that may cause actual results, performance and achievements of Nemaska to be materially different from any future results, performance or achievements expressed or implied by the said forward-looking statements.


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.

CONTACT INFORMATION:
Guy Bourassa
President, Chief Executive Officer and Secretary
NEMASKA EXPLORATION INC.
418-704-6038
bourassag@nemaskaexploration.com

INDUSTRY: Manufacturing and Production - Mining and Metals  

November 4, 2011
Nemaska Exploration Announces Tianqi's Interest to Increase Its Ownership and Concurrent Private Placement
QUEBEC, CANADA--(Marketwire - Nov. 4, 2011) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Nemaska Exploration Inc. ("Nemaska" or "the Corporation") (TSX VENTURE:NMX) (OTCQX :NMKEF) (FRANKFURT:NOT) is pleased to announce that it has entered into an agreement with a syndicate of agents led by Dundee Securities Ltd. and including Industrial Alliance Securities Inc. and Fraser Mackenzie Limited (the "Agents") for a private placement of 21,875,000 common shares in the capital of the Corporation (the "Common Shares") at a price of $0.40 per Common Share (the "Offering Price") for aggregate gross proceeds of $8,750,000 (the "Offering"). The Offering is being conducted on a best efforts basis by the Agents and is expected to close on or about November 30, 2011 (the "Closing Date"). In addition, the Corporation has granted the Agents an option (the "Over-allotment Option") to offer up to an additional 15% of the Common Shares sold pursuant to the Offering, at the Offering Price, exercisable in whole or in part at any time up to 48 hours prior to the Closing Date.

Concurrently with, and as part of, the Offering, Chengdu Tianqi Industry Group Co., Ltd. ("Tianqi") has indicated that it will subscribe to a number of Common Shares that will represent, together with the Common Shares it already indirectly owns, approximately 19.9% of the issued and outstanding Common Shares of the Corporation as at the Closing Date. Tianqi currently owns, through an absolute controlled subsidiary, TQC Group (Netherlands) Cooperatief U.A. ("TQC"), an aggregate of 7,370,468 Common Shares (representing approximately 9.95% of the 74,054,674 issued and outstanding Common Shares of the Corporation) and 4,963,050 share purchase warrants. As at the Closing Date, the 4,963,050 share purchase warrants owned by TQC will be amended to provide for a limitation to the number of Common Shares that may be indirectly held by Tianqi (including the Common Shares to be issued to TQC), from the exercise of such warrants, to 19.9% of the outstanding Common Shares at any time. Excluding the Over-allotment Option, in order to own 19.9% of Nemaska's outstanding Common Shares as at the closing of the Offering, Tianqi would be required to subscribe for approximately 54% of the Offering.

"Tianqi's decision to increase their investment in Nemaska is a welcomed endorsement of this Offering as well as the merits of our Whabouchi project. We are pleased to strengthen our relationship with Tianqi. As the largest lithium battery material provider in China that uses spodumene concentrate as its key raw materials input, we view Tianqi as an important strategic and financial partner," commented Guy Bourassa, President and CEO of Nemaska Exploration. "With this financing, we remain on track to commence production in 2013 and we are continuing advanced discussions to supply spodumene concentrate to multiple suppliers. At the same time, we are also advancing discussions on becoming more vertically integrated by supplying both lithium carbonate and lithium hydroxide products to the market."

The net proceeds of the Offering will be used to complete the definitive feasibility study and obtain the required permits for the Whabouchi lithium deposit (the "Whabouchi Project"), complete pilot plant hydrometallurgical tests as well as for general corporate purposes. The Corporation has agreed to pay the Agents a cash commission of up to 7% of the gross proceeds of the Offering and issue options (the "Compensation Options") to purchase a number of Common Shares of up to 7% of the Common Shares issued pursuant to the Offering exercisable for 18 months following the Closing Date of the Offering.
The Offering is subject to certain conditions including, but not limited to, the receipt of all regulatory approvals.

The securities to be issued will be subject to a hold period of 4 months and a day in Canada.

About Nemaska

Nemaska Exploration inc. is an exploration and development company involved in the James Bay region of Quebec. Nemaska intends to concentrate on the development of its Whabouchi lithium deposit and to conduct exploration work on its 100% owned Sirmac lithium project. The Whabouchi deposit is easily accessible year round by either the Route du Nord from Chibougamau (280 km) or the Route de la Baie James from Matagami (380 km) and is located near the Cree community of Nemaska and the Nemiscau airport. Nemaska also owns 47.4% of its subsidiary Monarques Resources Inc. (TSX-V MQR).

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.


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.

CONTACT INFORMATION:
Nemaska Exploration Inc.
Guy Bourassa
President
418 704-6038
info@nemaskaexploration.com

or

Wanda Cutler
Investor Relations
416 303-6460
wanda.cutler@nemaskaexploration.com
www.nemaskaexploration.com

INDUSTRY: Manufacturing and Production - Mining and Metals  

obwohl es schon etwas ärgerlich ist das das pp auf diesem kursniveau stattfindet, kann man mit den konditionen schon sehr zufrieden sein..
das interesse/engagement von Tianqi ist strategischer natur und notwendig für die weitere entwicklung von nemaska.
ich denke das die dfs ein erfolg werden wird und das nemaska z.Z. deutlich unterbewertet ist. (nmM)

gruß black.jack  

Nemaska Exploration Inc.: Follow-Up of the Annual General and Special Meeting of Shareholders of the Corporation  

QUEBEC CITY, QUEBEC, CANADA--(Marketwire - Nov. 24, 2011) - NEMASKA  EXPLORATION INC. ("Nemaska" or the "Corporation") (TSX  VENTURE:NMX)(OTCQX:NMKEF)(FRANKFURT:N0T) announces that it held, last  November 22, its annual general and special meeting (the "Meeting")  during which the shareholders of Nemaska re-elected Messrs. Michel  Baril, Guy Bourassa, Yves Caron and Rene Lessard as well as Ms. Judy  Baker as directors of the Corporation. Also, Ms. Vivian Wu, Vice  President (Corporate Development) of Chengdu Tianqi Industry Group Co.,  Ltd., an integrated company group located in China involved in lithium  compounds, minerals and agricultural machinery, will act as new member  of the Corporation's Board of Directors. Moreover, during the Meeting,  the shareholders of Nemaska voted in favour of the appointment of KPMG  LLP as new external auditor of the Corporation until the next annual  meeting of shareholders of the Corporation.    Adoption of a New Stock Option Plan   During the Meeting, the shareholders of the Corporation voted in favour  of the adoption of a new stock option plan for the employees, officers,  directors or consultants of the Corporation or any of its subsidiairies  and the persons employed to perform investor relations activities (the  "Plan"). The Plan is a rolling stock option plan pursuant to which a  maximum of 10% of the issued shares in the capital of the Corporation  being outstanding from time to time is reserved for the grant of stock  options. The adoption of the Plan remains subject to the final approval  of the TSX Venture Exchange.   Amendment to the Shareholder Rights Plan Agreement   The shareholders of Nemaska also adopted during the Meeting the  resolution concerning the ratification of the amendment dated October  27, 2011 (the "Amendment") to the Shareholder Rights Plan Agreement  entered into between the Corporation and Computershare Investor Services  Inc. on October 28, 2010 and ratified during the annual general and  special meeting held on November 22, 2010 (the "Rights Plan").   The Amendment allows Nemaska's Board of Directors, acting in good faith,  to waive the application of the provisions pertaining to a Flip-in  Event as provided in the Rights Plan in favour of a person who becomes a  beneficial owner of 20% or more of the outstanding voting shares of the  Corporation by way of a private placement or by a prospectus.   The Amendment remains subject to the final approval of the TSX Venture  Exchange. Copies of the Rights Plan and the Amendment are available on  the SEDAR web site at www.sedar.com.   Amendment to the Articles of Incorporation   Following the favourable vote of the shareholders during the Meeting,  Nemaska announces that it amended its articles of incorporation for the  purposes of allowing the directors of the Corporation in office to  appoint one or more additional directors, who shall hold office for a  term expiring not later than the close of the next annual meeting of  shareholders, but the total number of directors so appointed may not  exceed one third of the number of directors elected at the previous  annual meeting of shareholders. This amendment to the articles of  incorporation of the Corporation pertaining to the appointment of  additional directors has been approved by the TSX Venture Exchange.   Furthermore, with respect to the amendment to its articles of  incorporation, Nemaska has also changed its name for Nemaska Lithium  Inc. The stock symbol of the Corporation will remain unchanged. The  change of name is subject to the final approval of the TSX Venture  Exchange.   About Nemaska   Nemaska is an exploration and development corporation involved in the  James Bay region of Quebec. Nemaska intends to concentrate on the  development of its Whabouchi lithium deposit and to conduct exploration  work on its 100% owned Sirmac lithium project. Whabouchi deposit is  easily accessible year round by either the Route du Nord from  Chibougamau (280 km) or the Route de la Baie James from Matagami (380  km) and is located near the Cree community of Nemaska and the Nemiscau  airport. Nemaska also owns 47.4% of Monarques Resources Inc. (TSX  VENTURE:MQR).   Forward-looking statements contained in this press release involve known  and unknown risks, uncertainties and other factors that may cause  actual results, performance and achievements of Nemaska to be materially  different from any future results, performance or achievements  expressed or implied by the said forward-looking statements.   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.

 

digitaljournal.com/pr/501939

 

"Darüber hinaus im Hinblick auf die Änderung seiner Satzung hat Nemaska ​​auch seinen Namen für Nemaska ​​Lithium Inc. geändert "

 

Unsere Tochter Monarques Resources Inc. hat eine Hompage, ich sehe heute zum ersten mal.

 

www.monarquesresources.com/en/

 

 

 

Nemaska Announces Amendment to Warrants



QUEBEC, QUEBEC -- (Marketwire) -- 12/16/11 -- Nemaska Lithium Inc. (the "Corporation" or "Nemaska") (TSX VENTURE: NMX) (OTCQX: NMKEF) announces that it has filed an application with the TSX Venture Exchange (the "TSXV") to extend the term of certain share purchase warrants of the Corporation until June 29, 2012 (the "Amendment to the Warrants").

An aggregate of 5,717,225 share purchase warrants (the "IPO Warrants") were issued on December 31, 2009 pursuant to the Corporation's initial public offering, each of which initially entitled the warrantholder to purchase one common share in the capital of the Corporation at a price of $0.80 until December 31, 2011. An aggregate of 4,963,050 share purchase warrants (the "Tianqi Warrants") were also issued on March 4, 2011 pursuant to a private placement in favour of an absolute controlled subsidiary of Chengdu Tianqi Industry Group Co., Ltd., each of which initially entitled the warrantholder to purchase one common share in the capital of the Corporation at a price of $0.61 until March 5, 2012. Following the distribution of a dividend in-kind to the Corporation's shareholders on June 27, 2011, the exercise price of the IPO Warrants was then adjusted to $0.766 and the aggregate number of common shares purchasable upon exercise of all outstanding IPO Warrants was adjusted to 5,974,500. On June 27, 2011, the exercise price of the Tianqi Warrants was also adjusted to $0.586 and the aggregate number of common shares purchasable upon exercise of all outstanding Tianqi Warrants was adjusted to 5,161,572.

The board of directors of the Corporation has approved the amendment to the IPO Warrants and the Tianqi Warrants to extend their expiry date to June 29, 2012. The Amendment to the Warrants will give more time to the Corporation's current investors to exercise their convertible securities and provide the Corporation with additional cash flow given the fact that the market conditions did not allow such opportunities during the initial period. The Amendment to the Warrants is subject to the approval of the TSXV. None of the IPO Warrants nor the Tianqi Warrants have been exercised as of the date hereof.

In certain cases, the Amendment to the Warrants constitutes a "related party transaction" within the meaning of Regulation 61-101 respecting Protection of Minority Security Holders in Special Transactions ("Regulation 61-101") and TSX Venture Exchange Policy 5.9 - Protection of Minority Security Holders in Special Transactions as an aggregate of 109,464 IPO Warrants (1.9%) are held by directors of the Corporation and all the Tianqi Warrants are held by a more than 10% security holder of the Corporation. However, the directors of the Corporation who voted in favour of the Amendment to the Warrants have determined that the exemptions from formal valuation and minority approval requirements provided for respectively under subsections 5.5(a) and 5.7(1)(a) of Regulation 61-101 can be relied on as neither the fair market value of the IPO Warrants and Tianqi Warrants nor the fair market value of the consideration paid for such IPO Warrants and Tianqi Warrants exceeds 25% of the Corporation's market capitalization. None of the Corporation's directors has expressed any contrary views or disagreements with respect to the foregoing.

A material change report in respect of this related party transaction will be filed by the Corporation but could not be filed earlier than 21 days prior to the Amendment to the Warrants due to the uncertainty of near-term market conditions.

About Nemaska

Nemaska is an exploration and development corporation involved in the James Bay region of Quebec. Nemaska intends to concentrate on the development of its Whabouchi lithium deposit and to conduct exploration work on its 100% owned Sirmac lithium project. Whabouchi deposit is easily accessible year round by either the Route du Nord from Chibougamau (280 km) or the Route de la Baie James from Matagami (380 km) and is located near the Cree community of Nemaska and the Nemiscau airport. Nemaska also owns 47.4% of Monarques Resources Inc. (TSX VENTURE: MQR).

Forward-looking statements contained in this press release involve known and unknown risks, uncertainties and other factors that may cause actual results, performance and achievements of Nemaska to be materially different from any future results, performance or achievements expressed or implied by the said forward-looking statements.

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.

Contacts:
Nemaska Lithium Inc.
Guy Bourassa
President, Chief Executive Officer and Secretary
(418) 704-6038
guy.bourassa@nemaskalithium.com

Nemaska Lithium Inc.
Bosko Djurovic
Investors Relations
(514) 825-3036
bosko@baycapitalmarkets.com  

QUEBEC CITY, QUEBEC, CANADA--(Marketwire - Dec. 22, 2011) -

NOT FOR DISTRIBUTION IN THE UNITED STATES

Nemaska Lithium Inc. (formerly, NEMASKA EXPLORATION INC.) (the "Corporation") (TSX VENTURE:NMX)(OTCQX:NMKEF) is pleased to announce that it has closed the previously announced brokered private placement of an aggregate of 20,000,000 common shares in the capital of the Corporation (each a "Common Share" and collectively the "Common Shares"), at a price of $0.40 per Common Share for aggregate gross proceeds of $8,000,000 (the "Offering") to the Corporation.

The Offering was completed through a syndicate of agents led by Dundee Securities Ltd., and including Industrial Alliance Securities Inc., National Bank Financial Inc. and Fraser Mackenzie Limited (collectively the "Agents").

In consideration for their services rendered in connection with the Offering, the Agents received an aggregate cash commission of $367,050 and an aggregate number of 917,625 warrants (the "Broker Warrants"). The Broker Warrants entitle the Agents to subscribe for an aggregate number of 917,625 Common Shares, at a price of $0.40 per Common Share, until June 21, 2013.

Of the 20,000,000 Common Shares issued pursuant to the Offering, 11,425,000 Common Shares were issued to TQC Group (Netherlands) Cooperatief U.A., an absolute controlled subsidiary of Chengdu Tianqi Industry Group Co., Ltd. (collectively, the "Tianqi Group"). These Common Shares represent, together with the Common Shares already beneficially owned by the Tianqi Group, approximately 19.9% of the issued and outstanding Common Shares of the Corporation. Prior to the Offering, the Tianqi Group beneficially owned an aggregate of 7,370,468 Common Shares (representing approximately 9.95% of the 74,054,674 Common Shares that were issued and outstanding prior to the Offering) and 5,161,572 share purchase warrants (the "Warrants"). The 5,161,572 Warrants beneficially owned by the Tianqi Group were amended to provide for a limitation to the number of Common Shares that may be beneficially owned by the Tianqi Group to a maximum percentage of 19.9% of the outstanding Common Shares immediately after giving effect to the exercise of any such Warrant.

Each of the subscription, by the Tianqi Group, to 11,425,000 Common Shares of the Corporation and the amendment to the terms of the 5,161,572 Warrants beneficially owned by the Tianqi Group constitutes a "related party transaction" within the meaning of Regulation 61-101 respecting Protection of Minority Security Holders in Special Transactions ("Regulation 61-101") and TSX Venture Exchange Policy 5.9 - Protection of Minority Security Holders in Special Transactions. However, the directors of the Corporation who voted in favour of the Offering and the amendment to the terms of the Warrants beneficially owned by the Tianqi Group have determined that the exemptions from formal valuation and minority approval requirements provided for respectively under subsections 5.5(a) and 5.7(1)(a) of Regulation 61-101 can be relied on as neither the fair market value of the Common Shares issued to and Warrants beneficially owned by the Tianqi Group nor the fair market value of the consideration paid by the Tianqi Group for such Common Shares and Warrants exceeds 25% of the Corporation's market capitalization. None of the Corporation's directors has expressed any contrary views or disagreements with respect to the foregoing.

A material change report in respect of this related party transaction will be filed by the Corporation but could not be filed earlier than 21 days prior to the closing of the Offering due to the fact that the terms of the participation of each of the non-related parties and the related party in the Offering and the participation percentages thereof were not sufficiently confirmed.

The subscription by the Tianqi Group was made pursuant to a subscription agreement dated as of today between the Tianqi Group and the Corporation which contains standard provisions of subscription agreements as well as a right for the Tianqi Group to nominate two members on the Corporation's Board of Directors and to subscribe in the Corporation's future financings on a pro-rata basis.

The net proceeds of the Offering will be used by the Corporation to complete the definitive feasibility study and obtain the required permits for the Whabouchi lithium deposit, to complete pilot plant hydrometallurgical tests as well as for general corporate purposes.

All securities issued pursuant to this Offering are subject to a restricted period of four months and a day.

The Corporation expects to be able to file shortly all required documentation to satisfy the conditional acceptance of the TSX Venture Exchange.

The Corporation also announces that it has received offers from potential investors for an additional amount of up to $750,000 to subscribe in a subsequent tranche of the Offering subject to certain conditions being met. In such a case, a second closing is expected to occur within a few weeks. This would allow the Corporation to complete the previously announced private placement of $8,750,000.

About Nemaska

Nemaska is an exploration and development corporation involved in the James Bay region of Quebec. Nemaska intends to concentrate on the development of its Whabouchi lithium deposit and to conduct exploration work on its 100% owned Sirmac lithium project. Whabouchi deposit is easily accessible year round by either the Route du Nord from Chibougamau (280 km) or the Route de la Baie James from Matagami (380 km) and is located near the Cree community of Nemaska and the Nemiscau airport. Nemaska also owns 47.2% of Monarques Resources Inc. (TSX VENTURE:MQR).

Forward-looking statements contained in this press release involve known and unknown risks, uncertainties and other factors that may cause actual results, performance and achievements of Nemaska to be materially different from any future results, performance or achievements expressed or implied by the said forward-looking statements.


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  

Lithium Investment to Power Portfolios: Daniela Desormeaux

TICKERS: CLQ; CLQMF, FMC, GXY, LIEG, LAC; LHMAF, NMX; NMKEF, ROC, RM; RDNAF, SQM; SQM-B; SQM-A, TLH

Source: George Mack of The Energy Report  (1/26/12)

The lithium market is currently dominated by a handful of major producers, but investors naturally look to smaller junior exploration and production (E&P) companies for the real growth. Economist Daniela Desormeaux of Santiago, Chile-based signumBOX takes a global macroeconomic view of the lithium industry and concludes that supply will meet demand, but if the adoption of vehicular lithium ion batteries occurs sooner than the market expects, demand could overtake supply. In this exclusive interview with The Energy Report, Desormeaux discusses some of the juniors that could ultimately add some energy to portfolios.



Companies Mentioned: Canada Lithium Corp. - FMC Lithium Corporation - Galaxy Resources Ltd. - Li3 Energy Inc.- Lithium Americas Corp.- Nemaska Lithium Inc.- Rockwood Holdings, Inc. - Rodinia Lithium Inc.- Sociedad Química y Minera de Chile S.A. - Talison Lithium Ltd.

The Energy Report: Daniela, over the past three months the small-cap lithium developers have on the whole been in positive territory. Are we at the beginning of a long-overdue bull market in lithium equities?

Daniela Desormeaux: Most of the smaller-scale suppliers trading in the open market are young, junior mining companies. The stock price fluctuations observed during recent months reflect the market's sensitivity to the companies' announcements and news.

TER: What is currently driving lithium demand? What will drive it in the future?

DD: Lithium demand has a promising future. Rechargeable batteries are the largest application, accounting for about 30% of the lithium demand. This is also the segment with the highest growth rate for the next 10–15 years, by which point we believe batteries will represent more than 50% of demand. The main driver is the automotive industry. Electrification of transportation is now driving the use of lithium in energy storage devices for hybrid and electric cars. The amounts of lithium required in these batteries are significant, from between 5–60kg lithium carbonate equivalent (LCE) depending on the battery type and specification. When compared with the lithium required for mobile phone batteries, for example, the difference is huge. A mobile phone battery device requires less than 5g LCE. Other battery applications will also show very interesting growth rates in the coming years. These include smartphones, tablets, power tools and batteries for grid storage, among others. Other current lithium applications include glass and ceramics as well as lubricating greases. Considering all of its applications, we estimate lithium's average demand will grow around 10%/year, which is greater than the growth of the economy.

TER: How are lithium prices holding up currently?

DD: In the last few months we have seen lithium prices going up in response to announcements made by FMC Lithium Corporation (FMC:NYSE) and Chemetall (a unit of Rockwood Holdings Inc. (ROC:NYSE)). Both companies announced price increases of around 20% on all of their lithium products last year. According to the companies, the main reason behind the rise in prices was higher raw material costs. So, we might be seeing an inflation phenomenon in this industry. In real terms, prices have remained stable, and probably will go down since new capacity is being added. Talison Lithium Ltd. (TLH:TSX) is expanding capacity in Western Australia, and Chemetall is also expanding in the U.S. Other new projects are in the pipeline coming from Galaxy Resources Ltd. (GXY:ASX) in Australia and from other projects in Argentina and Canada.

TER: So, for the moment there is currently some pricing power in the market?

DD: In general terms, prices are driven by the balance between production capacity and demand. If the market is tight, prices go up. Nevertheless, this industry has been, and still is, very concentrated and the largest, lowest-cost lithium chemicals producers drive prices. However, we have seen more competition in the market. Chinese lithium hydroxide producers have entered with an aggressive price strategy in order to gain market share from the other producers.

TER: But not all the large producers are raising prices, right?

DD: So far, Sociedad Química y Minera de Chile S.A. (SQM:NYSE; SQM-B:SSX; SQM-A) has kept prices stable. It hasn't announced any price increase the way FMC or Chemetall have. The company probably wants to give a signal to the new competitors that they can "afford" higher costs. Most of the Chinese lithium hydroxide is produced from lithium concentrate, which is obtained mainly from spodumene. Producing lithium hydroxide from hard rock pegmatites has competitive advantages compared with producing from the lithium carbonate like Sociedad Química y Minera de Chile does, and so the Chinese can compete better in this field.

TER: Here in the U.S. we are seeing proliferation of TV ads for hybrid and electric cars (EVs). Manufactures are beginning to advertise these cars with some zing. Will this jump start hybrid and EV sales?

DD: It is difficult to know because these are still considered "luxury" cars because of their high price. We have tested a statistical model on how hybrid car sales in the U.S. responded to changes in the economic cycle and changes in gasoline prices. Conclusions are very interesting. We found some price elasticity with gasoline prices, as higher gasoline prices incentivize decisions to buy more efficient cars. But income elasticity is huge, which means these cars are very sensitive to the economic cycle. Of course these conclusions will change in the future when these cars become more affordable.

TER: Investors need to see double-digit sales and real increases in cash flow, and small companies have the tremendous advantage of not having the law of large numbers work against them. Can any of the companies you follow begin to double production and revenue and create exciting bottom lines?

DD: In the short term I don't think so, but it's likely in a future. Main sources of uncertainty are how fast/slow hybrid and electric cars will enter into the market in a massive way (at lower prices), and how fast/slow producers will respond to the demand. In the last years we have seen that in more than 90 projects under evaluation. We believe that 4–5 projects have chances to become part of the lithium supply very soon. That means that more competition will be added in the market.

TER: I'm recalling the way the mobile phone industry took off in less-developed countries in Asia and elsewhere because there was no pre-existing buildout of copper wire infrastructure. Mobile phones were an instant success in those areas. Why then are we not seeing large lithium ion storage batteries powering neighborhoods in the developing world where power grids have not been developed?

DD: Well, the thing is that batteries are expensive. The technology has only been in development since the early 90s. It took 30 years to make progress in developing batteries for mobile phones and electronic devices, and these are small batteries and less costly than larger batteries. This is where the industry has been focused, and now we are seeing a shift from batteries for cell phones and electronic devices to electric cars.

The requirement in terms of energy storage capacity is huge, and so the cost so far is also huge. That's why we haven't seen implementation of these batteries in neighborhoods and in small towns. There are also some projects that try to store energy for the grid, but in order to make these projects profitable, you have to store an important amount of energy. For a power grid, the main issue is cost.

TER: With a lot of new lithium supply coming onto the market over the next few years, will supply overpower demand, or will it be the other way around?

DD: Again, while demand is growing, so is supply. Talison Lithium Ltd. in Australia, for example, is performing a very aggressive expansion plan. We see expansions in Argentina and in the U.S., and the Chinese are also expanding capacity. The main question mark is how fast or slow electric cars will come into the market. But without subsidies and without incentives from the government, it's very difficult to enter the market because the electric and hybrid vehicles are expensive right now. If demand for lithium grows sooner than expected, we might see a delay if supply is unable to meet demand, but I don't think this is going to happen. In short, I think supply will meet demand.

TER: Which types of projects do you favor?

DD: There are projects based on pegmatites and projects based on brines. These are two completely different worlds. I think projects based on lower-cost brine have better chances to compete with current low-cost producers.

TER: What companies are interesting to you?

DD: Australian company Galaxy Resources Ltd. extracts lithium from pegmatite and has already started producing. Apparently, the company is competitive, and it has started to ship concentrated spodumene to its lithium carbonate plant in China.

Other pegmatite projects include Canada Lithium Corp. (CLQ:TSX; CLQMF:OTCQX) and Nemaska Lithium Inc. (NMX:TSX.V; NMKEF:OTCQX). All of these projects have a chance to become part of the lithium supply. In Argentina there's Lithium Americas Corp. (LAC:TSX; LHMAF:OTCQX), Lithium One Inc. (LI:TSX.V) and Orocobre Ltd. (ORL:TSX; ORE:ASX). These and the previous ones I mentioned have the highest project ranking by our methodology and have more chances to become part of the lithium supply.

TER: What about Li3 Energy Inc. (LIEG:OTCBB)? Back in December, it executed a letter of intent to acquire a 100% mining interest in one of the biggest assets to be had near the Maricunga Salar in Northern Chile. That makes Li3 Energy a potential major player in Chile and one of the few developers inside of Maricunga. What does this mean to the company, particularly with regard to the ban?

DD: Li3 is developing a project in the Salar de Maricunga, the second-best salar after Atacama in Chile. The company has a project and has a strategic partner (POSCAN), but current Chilean regulation does not allow newcomers to exploit lithium. We have a ban that only allows lithium extraction from those mining concessions that were assessed before 1984, which is the case of most of the mining concessions at Atacama. I think that the ban will be removed this year, but we really can't yet know the formula that the government will use.

TER: Lithium One is close to production, and it has established a good relationship and a joint venture with Korea Resources Corp. I believe the stock has been supported by this relationship. What are the prospects here?

DD: Lithium One is in a very advanced stage of development, and it is very well ranked in our signumBOX ranking. One of its upsides is that it is located in Salar del Hombre Muerto. It's the only startup that actually is operating in Argentina. So it has really good prospects for the future.

TER: Back in November, Rodinia Lithium Inc. (RM:TSX.V; RDNAF:OTCQX) delivered results of a preliminary economic assessment (PEA) for the Salar de Diablillos lithium brine deposit. There are estimates of 15 kilotons (kt)/year production of lithium carbonate and 51 kt/year of potash. This implies a 34% internal rate of return (IRR), which is excellent. Is this a viable project?

DD: I think it can work, but Rodinia faces huge competition. The company estimates costs will be in the range of $1,500/t lithium carbonate. But I think that it is very different to have an estimated cost before starting production than when you've already started producing. I think that Rodinia can be a player in the lithium industry, but like other players in Argentina it will face huge competition. It will have to be competitive because new production is coming from China and Australia. And if Chile removes the ban, they will have to deal also with that.

TER: Talison Lithium is the leading global producer of lithium, and it's a pure play. It's a mature company. How much can it grow?

DD: Yes, Talison is the largest lithium concentrate producer, but it's not the lowest-cost producer. It produces lithium concentrate in Australia and most of its product is shipped to China, where it's converted into chemicals. I think Talison will face more competition, and that's why it has expanded production capacity. It has performed a very aggressive expansion plan at its Greenbushes project in Australia. Nevertheless, its deposit has a short mining life; that's why it is looking for other sources of lithium and performing an evaluation project in Chile.