Near-term Lithium Production in Quebec
This profile is part of a paid investor education campaign.*
Nemaska Lithium Inc. (TSX:NMX,OTCQX:NMKEF) is building one of North America’s richest and largest hard rock lithium mines and lithium salts (LiOH and Li2CO3) processing facilities through a unique deposit in Nemaska and a state-of-the-art electrochemical plant in Shawinigan, both located in the province of Quebec, Canada. The project is permitted making it one of the next fully integrated lithium salts suppliers in the world.
- Vertically integrated lithium project
- High-quality spodumene concentrate produced at the mine site is transported directly to the electrochemical plant in Shawinigan, which generates high-purity lithium hydroxide and lithium carbonate.
- North America’s richest and one of the largest reserves of Lithium Spodumene in the world
- 37 MT Proven and Probable Reserves for an initial 33 year mine life
- Forecasted to be the lowest cost producer of lithium hydroxide worldwide
- Proprietary chemical process uses electrolysis. With electricity being the main input cost, which is $0.05 kWh in Quebec, the costs low and predictable
- Vertical integration is a key factor in keeping costs minimal
Managment and Board of Directors
Guy Bourassa – President and Chief Executive Officer, Board Member
Mr. Bourassa is President and CEO of Nemaska Lithium Inc. since the Company’s inception in 2008, bringing more than 30 years of experience in the mining industry to this role. Among other things he was instrumental in identifying and negotiating the acquisition of the Whabouchi lithium property and securing over $150 million through different types of financing to develop the Whabouchi project. Through his leadership, the Company brought an historical lithium showing to a world class deposit and has developed new innovative processes of producing high purity lithium hydroxide and lithium carbonate, which should allow Nemaska Lithium to become a world leader in these lithium salts markets. Mr. Bourassa is a recognized industry expert on lithium exploration and development and has spoken at numerous national and international conference. Throughout his career, Mr. Bourassa has been involved in exploration and mining companies as President and CEO, legal counsel and in-house corporate counsel and director. These companies were producers of gold, copper, calcite and dolomite. Mr. Bourassa holds a law degree from Université Laval.
Steve Nadeau, CPA, CGA – Chief Financial Officer
Professional accountant for more than 22 years, Steve Nadeau is a member of the CPA, CGA Association of Québec as well as the CGA Association of Canada since October 1998. Prior to joining the company as Chief Financial Officer in May 2008, Nadeau held several senior financial positions at companies producing products related to the granite industry, electronics and automotive field as well as companies involved in the maritime transport and warehousing. He is also Chief Financial Officer of Monarques Resources since March 2011.
Marc Dagenais – Vice President, Legal Affairs & Corporate Secretary
With more than 25 years of national and international mining experience, Mr. Dagenais is responsible for the leadership and management of the overall legal affairs and corporate governance matters of Nemaska Lithium. In addition, Mr. Dagenais actively contributes to strategic planning and other key corporate functions. Prior to joining Nemaska Lithium, he headed legal affairs for Graymont Limited and Cambior Inc. (now part of Iamgold Corporation), as well as for the African Region of Kinross Gold Corporation (being based overseas). He holds bachelor degrees in Law from Université de Montréal and Management Accounting from UQAM.
Chantal Francoeur – Vice President, Human Resources and Organizational Development
Ms. Francoeur brings more than 25 years of human resources experience in the mining industry, both in Canada and internationally. During her career, Ms. Francoeur attracted and assembled the necessary teams required to build three mines. Most recently she was Vice President of Human Resources and Communications for Koniambo Nickel, a large scale nickel operation in New Caledonia. At Nemaska Lithium, Ms. Francoeur leads the development, implementation and execution of all aspect of HR services; including attracting, developing and retaining the necessary talent to achieve Nemaska Lithium’s goal of becoming a lithium salts producer.
Michel Baril, Eng. – Chairman
A mechanical engineer with over 30 years of experience in management, Michel Baril is the former President and Chief Operating Officer of Bombardier’s Recreational Products division and former Executive Vice-President of Bombardier Transportation. He currently serves as a senior executive at Raymor Industries Inc., and as a director of numerous public and private companies.
Paul-Henri Couture – Director
Paul-Henri Couture has over 35 years of experience as a financial management and investment professional. He has held senior positions at the Caisse de dépôt and placement du Québec and at Sentient Asset Management Canada. During his tenure at the Caisse, Couture led a team responsible for a $3-billion investment portfolio with a focus on financial institutions and natural resources sectors. While at the Caisse, Couture also launched two innovative mining funds: Groupe Sodémex and MinQuest Capital. He built and developed a $3-billion portfolio in turnarounds and corporate restructurings. Couture is President of Minvest Capital, a business providing management and investing consulting services.
François Biron is a senior professional mining engineer with 40 years of experience in the mining industry. His extensive experience in mining operations has been developed through acting in several senior site-based positions with well-known international mining companies, and recently he has acquired experience in the executive management of a Canadian industrial minerals company. Biron has an entrepreneurial vision oriented towards business development and a perspective of industry growth with respect to the environment. He participated in the management of major open pit mines with the best operating standards to achieve goals and corporate objectives. Biron elaborate recently a new mining project in introducing the social acceptability concept and public consultations in the local communities where the project will be implement, based on the latest automation mining technologies and to improve the mining process.
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