Ressources Quebec buying at Nemaska Lithium (NMX)

Ressources Quebec buying at Nemaska Lithium (T:NMX)

Ressources Quebec, a 10% Holder, acquired 80,000,000 Common Shares on a direct ownership basis at a price of $1.000 through a private transaction on May 30th, 2018. This represents a $80,000,000 net investment into the company's shares and an account share holdings change of greater than 100%.

Nemaska Lithium is in the Specialty Mining & Metals Sub Industry Group under the Basic Materials Sector.

Nemaska Lithium Inc. is engaged in the exploration and development of hard rock lithium mining properties and related processing of spodumene into lithium compounds. The Company's activities are in the Province of Quebec, Canada. Its proeprties include Whabouchi, Sirmac and Lithium Chemicals Complex. The Company owns over two mining properties consisting of approximately 60 claims (Whabouchi and Sirmac) in the Eeyou Istchee/James Bay territory, province of Quebec. The Company also acquired a portion of the land and the Shawinigan Site that will house the Company's Phase 1 Plant and the Commercial Hydromet Plant that will convert spodumene concentrate into lithium hydroxide and lithium carbonate. The Whabouchi property consists of a block totaling over 30 claims covering an area of approximately 1,761.9 hectares. The Whabouchi property is located over 300 kilometers from Chibougamau. The Sirmac property consists of over 20 claims, covering approximately 1,100 hectares.