QUEBEC CITY, QUEBEC -- (Marketwired) -- 07/08/13 -- Nemaska Lithium Inc. ("Nemaska" or the "Corporation") (TSX VENTURE: NMX)(OTCQX: NMKEF) is pleased to announce an addition to its Board of Directors with the appointment of Mr. Paul-Henri Couture as a director.
Mr. Paul-Henri Couture has over 35 years of experience as a financial management and investment professional. He has held senior positions at the Caisse de depot and placement du Quebec and at Sentient Asset Management Canada.
During his tenure at the Caisse from 1983 to 2009, Mr. Couture led a team responsible for a $3 billion investment portfolio with a focus on financial institutions and natural resources sectors. While at the Caisse, Mr. Couture also launched two innovative mining funds: Groupe Sodemex Inc. and MinQuest Capital. He built and developed a $3-billion portfolio in turnarounds and corporate restructurings. Mr. Couture is President of Minvest Capital, a business providing management and investing consulting services. Mr. Couture is an experienced board member, having sat on over 30 boards and private equity investment advisory committees.
"I believe the addition of Paul-Henri significantly strengthens our team and we are very pleased he has accepted our invitation to join the board," commented Michel Baril, President of the Board of Nemaska Lithium. "Paul-Henri adds a new dimension to our cumulative board expertise bringing with him a wealth of contacts in the financial community and a deep understanding of capital markets from an investment management perspective. In addition, he shares our view that lithium hydroxide is a robust and growing market and Nemaska Lithium, with its world class deposit and proprietary technology, has the potential to be a very compelling player in this burgeoning market. I look forward to working with Paul-Henri in the coming years."
Nemaska intends to become a lithium hydroxide/carbonate producer based in Quebec and has filed patent applications for its proprietary methods to produce lithium hydroxide and lithium carbonate. In tandem, the Company is developing one of the richest spodumene lithium hard rock deposit in the world, both in volume and grade. Spodumene concentrate produced at Nemaska's Whabouchi mine and from other global sources will be shipped to the Company's lithium hydroxide/carbonate processing plant located in Salaberry-de-Valleyfield, Quebec. This plant will transform spodumene concentrate into high purity lithium hydroxide and lithium carbonate for the growing lithium battery market. The Nemaska's Whabouchi deposit, located in the James Bay Region in the Province of Quebec, Canada, near the Cree community of Nemaska, should have an initial mine life of 18 years.
Forward-looking statements contained in this press release involve known and unknown risks, uncertainties and other factors that may cause actual results, performance and achievements of Nemaska to be materially different from any future results, performance or achievements expressed or implied by the said forward-looking statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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