Updated 3/1/2013
9:19:42 AM
ET
From: NBC NEWS
QUEBEC CITY,
QUEBEC — Nemaska Lithium Inc. ( “Nemaska
” or the “Corporation
“) (TSX VENTURE:NMX) (OTCQX:NMKEF) wishes to clarify its February 7,
2013 press release announcing the decision to build a Phase 1 Lithium
Hydroxide and lithium carbonate Plant. The Phase 1 Lithium Hydroxide and
lithium carbonate Plant to be built in Salaberry-de-Valleyfield will have an
average combined capacity of 426 tonnes per year at 80 % plant availability
instead of the maximum 500 tpy mentioned.
About Nemaska
Nemaska intends to become a lithium hydroxide/carbonate producer
based in Quebec and has filed patent applications for its proprietary methods
to produce lithium hydroxide and lithium carbonate. In tandem, the Company is
developing one of the richest spodumene lithium hard rock deposit in the
world, both in volume and grade. Spodumene concentrate produced at Nemaska’s
Whabouchi mine and from other global sources will be shipped to the Company’s
lithium hydroxide/carbonate processing plant located in
Salaberry-de-Valleyfield, Quebec. This plant will transform spodumene
concentrate into high purity lithium hydroxide and lithium carbonate for the
growing lithium battery market. The Nemaska’s Whabouchi deposit, located in
the James Bay Region in the Province of Quebec, Canada, near the Cree
community of Nemaska, should have an initial mine life of 18
years.
Forward-looking statements contained in this press release involve
known and unknown risks, uncertainties and other factors that may cause
actual results, performance and achievements of Nemaska to be materially
different from any future results, performance or achievements expressed or
implied by the said forward-looking statements.
Neither TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.