Nemaska Lithium Announces Pricing and Closing of Books on USD 350M Bond Offering - Seite 3

Following the Long Stop Date, and upon satisfaction of all conditions precedent to the disbursement of funds, drawdowns may be made from the Trust Account subject to the following: (i) drawdown amounts will be limited to the aggregate amount of Project costs outstanding at the time plus Project costs falling due for payment over the next 60 days, (ii) each drawdown must be accompanied by a notice which, among other things, must be countersigned by an independent engineer confirming that the Project costs are associated with the Project and that the “cost-to-complete test” (i.e. the Corporation has sufficient funds available to achieve completion of the Project) has been satisfied, and (iii) a minimum of three drawdowns must be made over the 5-year term of the Bonds, provided that full draw down must be completed before June 2021.

The full text of the Bond Terms will be filed and available on the Corporation’s corporate profile on SEDAR at www.sedar.com following the Settlement Date and readers are urged to refer to the full text of the Bond Terms for all of the terms and conditions of the Bonds.

The Corporation intends to apply to list the Bonds on the Nordic Alternative Bond Market (ABM).

Project Financing Update

The Corporation previously announced a USD 775-825M intended financing structure to fund the construction, commissioning, working capital and reserve funds for the Project (the "Project Financing") and also for general corporate working capital.  References are made to the press releases of the Corporation dated March 28, 2018, April 6, 2018, April 12, 2018, April 20, 2018 and April 25, 2018 in relation thereto.  The completion and disbursement of funds under the individual component financings comprising the Projecting Financing package are subject to several conditions precedent or escrow release conditions, and the receipt of regulatory approvals (including approval of the Toronto Stock Exchange).

About Nemaska Lithium

Nemaska Lithium is a developing chemical company whose activities will be vertically integrated, from spodumene mining to the commercialization of high-purity lithium hydroxide and lithium carbonate. These lithium salts are mainly destined for the fast-growing lithium-ion battery market, which is driven by the increasing demand for electric vehicles and energy storage worldwide. With its products and processes, Nemaska Lithium intends to facilitate access to green energy, for the benefit of humanity.