Nemaska Lithium Closes $1,250,000 Financing

Nemaska Lithium (TSXV:NMX) has closed the first tranche of its previously announced offering for gross proceeds of $1,250,000. Nemaska will use the proceeds to continue the permitting process for its projects and to build and operate a mine and concentrator on the Whabouchi property.

As quoted in the press release:

Each Unit consist of one common share of the share capital of Nemaska (a “Common Share”) and one-half of one Common Share purchase warrant (each whole Common Share purchase warrant, a “Warrant”). Each Warrant will entitle its holder to purchase one Common Share, at a price of $0.25 per Common Share, on the date that is 12 months following the closing date of the Offering.

Click here to read the Nemaska Lithium (TSXV:NMX) press release

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