Nemaska Lithium Inc. (TSXV:NMX) announced the filing of preliminary shelf base prospectus with the securities regulatory agencies in the provinces of Ontario, British Columbia, Alberta, and Quebec. When the filings are made final, the company will be able to making offerings of securities to a maximum of CAD$100,000,000 within the 25-month period that the prospectus remains effective.
As quoted in the press release:
The Corporation plans to raise capital in the next 25 months to fund the construction of a Phase 1 processing facility in Salaberry‐de‐Valleyfield, Québec, 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.
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