SOURCE: Nemaska Lithium Inc.

Nemaska Lithium Inc.

July 04, 2016 18:49 ET

Nemaska Announces Receipt for Final Short Form Prospectus

QUEBEC, QC--(Marketwired - July 04, 2016) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Nemaska Lithium Inc. ("Nemaska" or the "Corporation") (TSX VENTURE: NMX) (OTCQX: NMKEF) is pleased to announce that it has obtained a receipt for its final short form prospectus for its offering of a minimum of 43,480,000 units of the Corporation (the "Units") for aggregate gross proceeds of $50,002,000 and a maximum of 52,174,000 Units for aggregate gross proceeds of $60,000,100 (the "Offering"), at a price of $1.15 per Unit. The terms and the details of the Offering were previously announced by the Corporation on June 30, 2016.

The Offering is expected to close on or about July 8, 2016 and is subject to certain customary conditions and regulatory approvals. The TSX Venture Exchange (the "TSXV") has conditionally approved the listing of the common shares to be issued pursuant to the Offering. Listing is subject to the Corporation fulfilling all of the requirements of the TSXV. However, the Corporation has also filed an application to graduate to the Toronto Stock Exchange ("TSX") to have all of its issued and outstanding common shares and the common shares and warrants to be issued pursuant to the Offering, listed on the TSX, upon closing of the Offering. As at the date of the Prospectus, the Corporation has obtained conditional approval for final listing on the TSX under the current stock symbol "NMX" for the common shares of the Corporation and "NMX.WT" for the warrants to be issued pursuant to the Offering. Listing is subject to final approval by the TSX of the Corporation's final listing application and fulfillment by the Corporation of all the listing requirements of the TSX on or before September 8, 2016. Should the common shares of the Corporation be listed on the TSX upon the closing of the Offering, they would be concurrently delisted from TSXV.

This press release does not constitute an offer of securities for sale in the United States or to "U.S. persons" ("U.S. persons"), as such term is defined in Regulation S promulgated under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"). The securities being offered have not been, nor will be, registered under the U.S. Securities Act or any state securities laws, and may not be offered or sold in the United States or to U.S. persons absent registration or an applicable exemption from such registration requirements.

About Nemaska

Nemaska intends to become a lithium hydroxide and lithium carbonate supplier to the emerging lithium battery market. The Corporation is developing in Québec one of the most important spodumene lithium hard rock deposits in the world, both in terms of volume and grade. The spodumene concentrate produced at Nemaska's Whabouchi mine will be shipped to the Corporation's lithium compounds processing plant to be built in Shawinigan, Québec. This plant will transform the spodumene concentrate into high purity lithium hydroxide and carbonate using the proprietary methods developed by the Corporation, and for which patent applications have been filed.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

The statements contained herein that are not historical facts are forward‐looking statements. These statements address future events and conditions and so involve inherent risks and uncertainties. Actual results could differ from those currently projected. The Corporation does not assume the obligation to update any forward-looking statement.

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