Last C$0.12 CAD
Change Today +0.005 / 4.35%
Volume 504.8K
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As of 3:59 PM 07/11/14 All times are local (Market data is delayed by at least 15 minutes).

nemaska exploration inc (NMX) Snapshot

Open
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Previous Close
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52 Week High
03/10/14 - C$0.20
52 Week Low
10/31/13 - C$0.08
Market Cap
20.0M
Average Volume 10 Days
588.4K
EPS TTM
C$-0.02
Shares Outstanding
166.7M
EX-Date
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P/E TM
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nemaska exploration inc (NMX) Details

Nemaska Lithium Inc. explores and develops for lithium mining properties in Canada. The company holds 100% interests in the Whabouchi Property consisting of 33 claims covering a total area of 1,762 hectares located in the James Bay area of Quebec province; and the Sirmac Property comprising 24 mining claims covering an area of 1,101 hectares situated in Chibougamau, Quebec province. It also owns the rights to patent applications concerning the processing of lithium sulfate into lithium hydroxide, as well as lithium hydroxide into lithium carbonate. The company was formerly known as Nemaska Exploration Inc. and changed its name to Nemaska Lithium Inc. in November 2011. Nemaska Lithium Inc. was incorporated in 2007 and is headquartered in Quebec, Canada.

10 Employees
Last Reported Date: 10/25/13
Founded in 2007

nemaska exploration inc (NMX) Top Compensated Officers

Chief Executive Officer, President, Secretary...
Total Annual Compensation: C$243.0K
Chief Financial Officer
Total Annual Compensation: C$113.4K
Compensation as of Fiscal Year 2013.

nemaska exploration inc (NMX) Key Developments

Nemaska Lithium Inc. - Special Call

To discuss feasibility study

Nemaska Lithium Inc. Reports the Initial Results of Concentrator Flow Sheet Optimization Testing and the Overall Lithium Recovery Rate for the Whabouchi Project

Nemaska Lithium Inc. reported the initial results of its concentrator flow sheet optimization testing and the overall lithium recovery rate for the Whabouchi Project. Nemaska has conducted tests with actual suppliers of DMS equipment and the results are very encouraging. In short, the overall recovery rate as lithium concentrate from DMS was improved by 16.7%. Nemaska is presently awaiting the final results from similar work conducted on the flotation portion of the flow sheet. Crushed coarse-grained ore from Nemaska's Whabouchi project was tested by Met-Solve Laboratories of Langley, B.C. in a three stage dense media separation (DMS) pilot plant owned by a DMS manufacturer. Fine grained ore and 'middlings' from the DMS containing good lithium values were combined and passed on for flotation testing. The full results of the DMS and flotation testing will be included in the Feasibility Study due first quarter of 2014. The results of the flotation tests being conducted presently will be released once completed.

Nemaska Lithium Inc. Reports Drilling Results from its Diamond Drilling Activities at its 100% Owned Whabouchi Lithium Project

Nemaska Lithium Inc. reported drill results from its recent diamond drilling activities at its 100% owned Whabouchi lithium project. A total of 24 drill holes, for 3,123 meters, were drilled for exploration, definition and condemnation purposes. 14 diamond drill holes, for 1,815 meters, were drilled on the eastern portion of the Whabouchi deposit, between sections 10+50E and 14+50E with the objectives of increasing the level of confidence of the resources and increasing the overall tonnage. Drilling has extended multiple dykes including the main dyke of the deposit by 200 meters to the East. The deposit is now closed to the East and West. Drilling was conducted to a maximum vertical depth of 170 meters with mineralization remaining open below the bottom of the current optimized pit shell. The Company has reported the intersection lengths as well as the best estimates of the true widths given the current understanding of the geology. The holes were drilled at an average azimuth of N330 degrees and a dip of -45 to -50 degrees. The pegmatite dykes generally have a strike length following an azimuth of N060 degrees to N080 degrees to the East and a South-East of the deposit. The dips of the pegmatite dyke range from 70 degrees to 80 degrees.

 

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