Nemaska Lithium is Granted Court Approval of the Sale Proposal from Orion Mine Finance, Investissement Québec and The Pallinghurst Group - Seite 3

For purposes of the Tax Act, the Exchange will generally not result, pursuant to subsection 85.1(1) of the Tax Act, in a Canadian Holder realizing a capital loss. A Canadian Holder may, however, elect to realize a capital loss upon the Exchange by including in its return of income for the taxation year in which the Exchange occurred the capital loss, as otherwise determined, resulting from the Exchange.

This summary does not discuss all of the tax considerations potentially applicable to Canadian Holders or to other holders of shares and all holders should consult their own tax advisors as to the federal, provincial and foreign tax considerations applicable to them having regard to their own circumstances.

Questions and Answers about the Exchange

The following are some questions that you, as a shareholder, may have relating to the CCAA proceedings and proposed Transaction and answers to those questions. These questions and answers are of general nature and do not provide all of the information relating to the CCAA proceedings and the Transaction or the matters to be considered in connection thereto and are qualified in their entirety by the more detailed information contained elsewhere in this press release, the CCAA proceedings and Court related documentation, all of which are important and should be reviewed carefully.

Q: As a shareholder, will I receive any payment or distribution in connection with the CCAA proceedings?

A: No. Unfortunately, there is no residual value for shareholders. Shareholders will not receive any payments for, or distributions on, their shares in connection with the CCAA proceedings.

Q: Why are my shares of Nemaska being exchanged?

A: Your shares are being exchanged (on a one-for-one basis for common shares of Residual Nemaska Lithium) as part of a reorganization of the Nemaska Entities. However, as indicated above, unfortunately there is no residual value for shareholders in connection with the CCAA proceedings. As result of the Exchange, you will not hold any interest in New Nemaska Lithium which will operate the business of Nemaska following the completion of the CCAA proceedings.

Q: Do I need to do anything to complete the exchange of my shares or contact my broker?

A: No. The context of the transaction provides an automatic exchange of shares and no action is required from shareholders to complete the Exchange. Following the Exchange, each share certificate (or other evidence of ownership of shares of the Corporation) representing shares of the Corporation shall be deemed to represent for all purposes the same number of common shares of Residual Nemaska Lithium. Accordingly, shareholders will not be required to surrender their share certificates representing shares of the Corporation.