The Corporation's decision is supported by a temporary exemption from the Autorite des marches financiers ('AMF') granting an extension of 45 days to the periodic filings normally required by reporting issuers. The Corporation plans to file its third-quarter financial statements and MD&A by
The Corporation confirms that its directors, officers and other insiders are subject to a blackout policy which reflects the principles of section 9 of Policy Statement 11-207, even though the Corporation's securities are no longer traded on the
Since the filing of its last quarterly financial statements on
About
The Corporation intends to operate the Whabouchi mine in
Cautionary Statement on Forward-Looking Information
All statements, other than statements of historical fact, contained in this press release including, but not limited to, those relating to the CCAA proceedings and the Corporation's activities and its ability to meet its obligations, constitute 'forward-looking information' and 'forward-looking statements' within the meaning of certain securities laws and are based on expectations and projections as of the date of this press release. Certain important assumptions by the Corporation in making forward-looking statements include, but are not limited to, the achievement of a Court-approved arrangement under the CCAA to allow the resumption of the project construction and engineering activities.
Forward-looking statements contained in this press release include, without limitation, those related to, generally, the above 'About Nemaska Lithium' paragraph which essentially describes the Corporation's outlook. Forward-looking statements are based on expectations, estimates and projections as of the time of this press release. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Corporation as of the time of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect. There is no assurance that the Corporation will emerge from the CCAA process by completing a project refinancing, and that there will be any residual value for shareholders under the CCAA process.
Many of these uncertainties and contingencies can directly or indirectly affect, and could cause, actual results to differ materially from those expressed or implied in any forward-looking statements. There can be no assurance that the Whabouchi mine and/or the electrochemical plant in
By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that estimates, forecasts, projections and other forward-looking statements will not be achieved or that assumptions do not reflect future experience. Forward-looking statements are provided for the purpose of providing information about management's expectations and plans relating to the future. Readers are cautioned not to place undue reliance on these forward-looking statements as a number of important risk factors and future events could cause the actual outcomes to differ materially from the beliefs, plans, objectives, expectations, anticipations, estimates, assumptions and intentions expressed in such forward-looking statements. All of the forward-looking statements made in this press release are qualified by these cautionary statements and those made in our other filings with the securities regulators of
Contact:
Tel: 514 348-0466
Email: gabrielle.tellier@nemaskalithium.com
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