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Nemaska Lithium Closes $4.2 Million Offering

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Nemaska Lithium Inc. (NMX.V) has closed a supplemental prospectus offering of an aggregate of 14,123,168 million units at a price of $0.30 per unit for gross proceeds of $4,236,950.

"We will use the proceeds from this offering to immediately move forward with the construction of our Phase 1 Lithium Hydroxide/Carbonate Plant by ordering the long lead items; continue with the plant engineering work and for general administrative expenses and working capital," said Guy Bourassa President and CEO of Nemaska. "In tandem we are in active discussions with other parties to secure additional financing for the balance of the Phase 1 Plant budget. These sources include strategic partners/investors, financial institutions and joint venture partners for the Phase 1 Plant."

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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