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Nemaska Exploration Announces $3.7 Million Private Placement With Chinese Strategic Investor
Jan. 04, 2011 06:14PM PST
Battery MetalsNemaska Exploration Inc. (CVE:NMX) enters into a subscription agreement with a China-based Company, involved in the transformation and production of lithium products.
Nemaska Exploration Inc. (TSXV:NMX) enters into a subscription agreement with a China-based Company, involved in the transformation and production of lithium products.
The press release is quoted as saying:
Nemaska Exploration Inc. is a mineral exploration company involved in the James Bay region of Quebec. Its main assets are the Whabouchi Deposit (lithium, beryllium) (about 1,716 hectares), Lac Levac (Nisk-1 Deposit) (about 9,200 hectares), Lac Arques (Bourier Sector and Rupert Complex) (about 39,470 hectares), and Lac des Montagnes (Lac Valiquette and Duval Showings) (about 12,740 hectares) properties, all 100 % owned. These properties are contiguous and cover about 85 km of the Lac des Montagnes green belt polymetallic formation. They are easily accessible year round by either the Route du Nord from Chibougamau (280 km) or the Route de la Baie James from Matagami (380 km) and are located near the Cree community of Nemaska and the Némiscau airport.