GCinDC wrote:anyone know how to invest in NCM lithium-ion battery makers? seems like a hot chemistry...
The Lithium Mining Game
My two days with Nemaska Lithium
By Bill Moore
Open Access Article Originally Published: December 19, 2011
Eons ago, a little understood process formed pale green crystals of what geologists call spodumene. It formed in slivered tendrils among course-grained aggregations of glittering white pegmatite. According to Guy Bourassa, the president of Nemaska Lithium, headquartered in Quebec, such deposits typically formed in narrow, short “dike-like” geologic structures that occasionally become exposed when the overburden of soil erodes away, revealing the marled bone-white rock below. A sharp, trained eye might catch the green glint of spodumene that hints at the presence of a valuable mineral on which the modern world of mobile communications, computing, and now transportation is becoming evermore dependent: lithium.
Nemaska plans to begin developing the project this year, constructing the necessary support facilities, with mining slated to commence in 2013. Bourassa made the point during his presentation that not only does the project sit on the second richest known deposit of lithium-bearing spodumene, estimated at 386,000 tons of lithium oxide, the company itself is highly undervalued. He estimates that if you compare it with comparable lithium juniors like Canada Lithium or majors like Talison, it should be worth between $300-400 per tonne of lithium contained. Today, it’s valued at $73CAD.
Disclaimer: I don’t own any shares of Nemaska Lithium (TSX-V:NMX) … yet.
December 22, 2011 14:59 ET
Nemaska Announces Closing of $8,000,000 Financing
QUÉBEC CITY, QUÉBEC, 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.
Of the 20,000,000 Common Shares issued pursuant to the Offering, 11,425,000 Common Shares were issued to TQC Group (Netherlands) Coöperatief 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.
Canadian graphite producers prepare for boom
PAV JORDAN — MINING REPORTER
From Wednesday's Globe and Mail
Published Tuesday, May. 01, 2012 7:30PM EDT
Last updated Wednesday, May. 02, 2012 10:43AM EDT
Move over rare earths – graphite is the new darling of the mining industry.
Canadian graphite miners are angling to be high-end suppliers to the global lithium ion battery market, where companies such as LG, Samsung, Mitsubishi and Hitachi are fuelling growing demand for new technologies ranging from smartphones and laptops to electric cars.
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