Nemaska Lithium, Inc. (OTCQX: NMKEF) has been named to the 2016 TSX Venture 50®, a ranking of top performing companies traded on the TSX Venture exchange. Nemaska Lithium ranks number two among the top 10 mining companies. During 2015, the company experienced a 167% increase in share price and a 207% increase in market capitalization.
The 2016 TSX Venture 50® is a ranking of strong performers on the TSX Venture Exchange. These companies have shown results in key measures of market performance. The 10 companies from five industry sectors were selected based on three equally weighted criteria: market capitalization growth, share price appreciation and trading volume.
Nemaska Lithium intends to become a lithium hydroxide and lithium carbonate supplier to the emerging lithium battery market, which is largely driven by electric vehicles, consumer products and energy storage.
The company is based in Quebec, which is home to one of the most important spodumene lithium hard rock deposit in the world, in terms of both volume and grade. The spodumene concentrate produced at Nemaska Lithium’s Whabouchi mine will be shipped to the company’s lithium compounds processing plant, which is set to be built in Shawinigan, Quebec. This plant will transform spodumene concentrate into high purity lithium hydroxide and carbonate using the proprietary methods developed by Nemaska, for which patent applications have already been filed.
Learn more by visiting www.nemaskalithium.com
