Nemaska Lithium Concludes a USD 150M Streaming Agreement with Orion

QUEBEC, QUEBEC--(Marketwired - April 12, 2018) - Nemaska Lithium Inc. ("Nemaska Lithium" or the "Corporation") (TSX:NMX)(OTCQX:NMKEF)(FRANKFURT:N0T) is pleased to update its project financing plans and confirm that it has entered into a USD 150M streaming agreement (the "Streaming Agreement") with Orion Mine Finance II LP ("Orion").

In a press release dated March 28, 2018, Nemaska Lithium outlined the components of its overall USD 775 - 825M financing structure to fund the construction, commissioning, working capital and reserve funds for its Whabouchi lithium mine and Shawinigan electrochemical plant (the "Project Financing") and also for general corporate working capital. Since that time, the Corporation has made steady progress on the following:

• Streaming facility for USD 150M - the Corporation:
  
  
  • Signed the Streaming Agreement with Orion for same amount;
    
    
• Equity offerings through private and/or public offerings - the Corporation:
  
  
  • Obtained, on March 29, 2018, a receipt from Canadian securities regulatory authorities for its final base shelf prospectus (filed on Sedar the same day);
  • Issued, on April 5, 2018, a press release outlining the agreed terms of a private placement for up to CAD 99M with SoftBank Group Corp. to hold no more than 9.9% of the shares outstanding once the project financing is completed; and
  • Expects to provide further details in the short-term on current discussions for the additional equity financing required;
    
    
• Debt financing aggregating USD 300-350M - the Corporation:
  
  
  • Expects to provide further details in the short-term as regards its continuing debt financing endeavours.
    
    

"We have made solid progress in our project financing endeavours over the past couple of weeks, firstly with a private placement with SoftBank, a global technology leader, and now with the signing of this agreement with Orion, a leading and well-regarded financier in the mining industry," said Guy Bourassa, President & C.E.O. of Nemaska Lithium. "This Streaming Agreement is a financing tool which limits shareholder dilution, lowers Nemaska Lithium's cost of capital, and is under terms which are both competitive and flexible," Bourassa continued.