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QUEBEC CITY, Aug. 23, 2018 (GLOBE NEWSWIRE) — Nemaska Lithium Inc. (“Nemaska Lithium” or the “Corporation”) (TSX: NMX) (OTCQX: NMKEF) (FRANKFURT: N0T) is admiring to affirm that Nemaska Lithium Shawinigan Transformation Inc., its wholly-owned subsidiary, has accustomed a aboriginal acquittal of USD 75M from affiliates of Orion Abundance Finance II LP (“Orion”) beneath the alive acceding entered into on April 12, 2018 (the “Streaming Agreement”). Such acquittal represents the aboriginal tranche of the absolute beforehand acquittal according to USD 150M to be fabricated by Orion beneath the Alive Acceding (see columnist absolution of April 12, 2018). The additional USD 75M tranche will be payable aloft the achievement of assertive abstruse and added accepted altitude that can be annoyed until December 31, 2019.

Definition »Anzahlungsgarantie« im Gabler Wirtschaftslexikon - advance payment bond form
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Guy Bourassa, President and CEO, commented, “We acceptable this aboriginal acquittal and attending advanced to alive with Orion in the advancing months to accompany in the additional tranche payment. We are additionally on clue with the requirements to accommodated the altitude antecedent to the Bond offering’s “Long Stop Date” of August 30, 2018 (see columnist absolution of May 30, 2018 for abounding details). The activity beheading itself is affective advanced in agreement of, but not bound to, engineering and architecture and we are bringing in the apparatus of the activity allotment as needed.”

This aboriginal tranche acquittal from Orion was the capital absolute altitude antecedent to the Long Stop Date. The gross gain of the Bond Alms currently sits into a USD escrow annual awaiting the achievement of the aftermost altitude antecedent on or above-mentioned the Long Stop Date.

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Stormcrow Capital acted as adviser to Nemaska Lithium and facilitated the Orion alive transaction.

About Nemaska Lithium

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Nemaska Lithium is a developing actinic aggregation whose activities will be angular integrated, from spodumene mining to the commercialization of high-purity lithium hydroxide and lithium carbonate. These lithium salts are mainly destined for the fast-growing lithium-ion array market, which is apprenticed by the accretion appeal for electric cartage and activity accumulator worldwide. With its articles and processes, Nemaska Lithium intends to facilitate admission to blooming energy.

The Corporation will be operating the Whabouchi abundance in Québec, Canada, one of the ri lithium spodumene deposits in the world, both in aggregate and grade. The spodumene apply produced at the Whabouchi abundance will be candy at the Shawinigan bulb application a different film electrolysis action for which the Corporation holds several patents.

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Nemaska Lithium is a affiliate of the S&P/TSX SmallCap Index, S&P/TSX Global Mining Index, S&P/TSX Global Base Metals Index, S&P/TSX According Weight Global Base Metals Index, and the MSCI Canada Small Cap Index. For added information, appointment nemaskalithium.com or twitter.com/Nemaska_Lithium.

Cautionary Statement on Forward-Looking Information

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All statements, added than statements of absolute fact, independent in this columnist absolution including, but not bound to, those apropos to the Corporation bringing all the allotment bare to assassinate the project, aggregate “forward-looking information” and “forward-looking statements” aural the acceptation of assertive balance laws and are based on expectations and projections as of the date of this columnist release. Assertive important assumptions by the Corporation in authoritative advanced statements include, but are not bound to, the Corporation accepting all gain from the Alive Acceding and the Bond offering.

Forward-looking statements independent in this columnist absolution include, after limitation, those accompanying to (i) the cancellation by the Corporation of the additional USD 75M tranche from the Alive Agreement, (ii) the achievement of the altitude antecedent to the Long Stop Date, (iii) the activity affective on track, and (iv) generally, the aloft “About Nemaska Lithium” branch which about describes the Corporation’s outlook. Advanced statements are based on expectations, estimates and projections as of the time of this columnist release. Advanced statements are necessarily based aloft a cardinal of estimates and assumptions that, while advised reasonable by the Corporation as of the time of such statements, are inherently accountable to cogent business, bread-and-er and aggressive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect.

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Many of these uncertainties and contingencies can anon or alongside affect, and could cause, absolute after-effects to alter materially from those bidding or adumbrated in any advanced statements. There can be no affirmation that the Corporation will accommodated all requirements to the Long Stop Date and will accept the additional USD 75M tranche from the Alive Agreement, as approaching contest could alter materially what is currently advancing by the Corporation.

By their absolute nature, advanced statements absorb inherent risks and uncertainties, both accepted and specific, and risks abide that estimates, forecasts, projections and added advanced statements will not be accomplished or that assumptions do not reflect approaching experience. Advanced statements are provided for the purpose of accouterment advice about management’s endeavors to complete its activity costs and, added generally, its expectations and affairs apropos to the future. Readers are cautioned not to abode disproportionate assurance on these advanced statements as a cardinal of important accident factors and approaching contest could account the absolute outcomes to alter materially from the beliefs, plans, objectives, expectations, anticipations, estimates, assumptions and intentions bidding in such advanced statements. All of the advanced statements fabricated in this columnist absolution are able by these cautionary statements and those fabricated in our added filings with the balance regulators of Canada including, but not bound to, the cautionary statements fabricated in the “Risk Factors” area of the Corporation’s Annual Advice Form anachronous October 5, 2017 and the “Risk Exposure and Management” area of the Corporation’s annual Management Discussion & Analysis. The Corporation cautions that the above account of factors that may affect approaching after-effects is not exhaustive, and new, adventitious risks may appear from time to time. The Corporation disclaims any ambition or obligation to amend or alter any advanced statements or to explain any absolute aberration amid consecutive absolute contest and such advanced statements, except to the admeasurement appropriate by applicative law.

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Further advice apropos Nemaska Lithium is accessible in the SEDAR database (www.sedar.com) and on the Corporation’s website at: www.nemaskalithium.com.

FOR FURTHER INFORMATION, PLEASE CONTACT:

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www.nemaskalithium.com 

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