QUEBEC CITY, QUEBEC--(Marketwired - April 30, 2013) - (TSX VENTURE:NMX)(OTCQX:NMKEF)
Editors' Note: There is a photo associated with this press release.
Nemaska Lithium Inc. ("Nemaska" or the "Corporation") announced it was a first place award winner in the Strategic Investment category at the 6 th Gala des sociétés en Bourse 2013 that was held on April 3, 2013. The Strategic Investment Award was presented to Guy Bourassa, President and CEO of Nemaska Lithium by Mr. Gaétan Morin, Vice President Corporate Development and Investment of the Fonds de Solidarité FTQ. (View the photo available at the following link: http://www.marketwire.com/library/20130430-Ne...30_800.jpg ) The event was hosted by honorary Gala President Luc Bertrand, President of Maple Group, owner of TMX Group and attended by several hundred business leaders from the provinces of Quebec and Ontario.
The award recognizes the importance of investments in infrastructure, R & D or innovation during 2012. Three companies were nominated and the award was given to Nemaska Lithium for its investment in developing an innovative lithium hydroxide production process. The Corporation has filed for patent protection on a process that produces lithium hydroxide using electrolysis technology.
"We had some tough competition in our category and we are honored that our efforts to develop a new process of producing lithium hydroxide has been recognized," commented Mr. Bourassa. "We will be using this unique technology in our Phase 1 Plant which is currently in development. My recent trip to Asia confirmed that the demand for lithium hydroxide is very real and growing and our technology will enable us to meet that demand with high purity lithium hydroxide." He continued, "Quebec is quickly becoming a global centre for the production of lithium compounds from hard rock sources and we are very pleased to be an integral part of this burgeoning industry."
About Nemaska
Nemaska intends to become a lithium hydroxide/carbonate producer based in Quebec and has filed patent applications for its proprietary methods to produce lithium hydroxide and lithium carbonate. In tandem, the Company is developing one of the richest spodumene lithium hard rock deposit in the world, both in volume and grade. Spodumene concentrate produced at Nemaska's Whabouchi mine and from other global sources will be shipped to the Company's lithium hydroxide/carbonate processing plant located in Salaberry-de-Valleyfield, Quebec. This plant will transform spodumene concentrate into high purity lithium hydroxide and lithium carbonate for the growing lithium battery market. The Nemaska's Whabouchi deposit, located in the James Bay Region in the Province of Quebec, Canada, near the Cree community of Nemaska, should have an initial mine life of 18 years.
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.
