Nemaska Lithium Inc. (NMX.V) has obtained a receipt for its final short form base shelf prospectus from the securities regulatory authorities in the provinces of Quebec, Ontario, Alberta and British Columbia. This prospectus will allow the corporation to make offerings of common shares, debt securities, convertible securities, subscription receipts and warrants or any combination thereof up to a maximum of $100 million during the 25-month period from the prospectus.
The corporation plans to raise capital in the next 25 months to fund the construction of a Phase 1 processing plant in Salaberry-de-Valleyfield, Quebec, to make deposits for the acquisition of long lead items in connection with the construction of a mine and a concentrator on the Whabouchi property, for the completion of the feasibility study and other studies in order to obtain the required environmental permits for such property as well as for general corporate purposes.
NMX shares fell 2.5 cents to $0.365.
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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.
