Nemaska Lithium

Nemaska Exploration to Transfer its Non-Lithium Related Assets to Monarques Resources Inc.

March 31, 2011

Nemaska announces that it has signed a Conditional Asset sale agreement (Conditional Asset sale agreement) with its wholly owned subsidiary, Monarques Resources Inc. The Conditional Asset sale agreement concerns all the non-lithium related assets held by Nemaska and are comprised of the Lac Levac, Lac des Montagnes and Lac Arques properties. The sale is conditional on the closing of a financing of a minimum of $2M and is subject to regulatory authorities' approval. This is an all share transaction. The sale price is $7.5M, payable in shares of Monarques at a price of $0.40 a share or 18,750,000 shares of Monarques. The number of shares to be received by Nemaska will be adjusted to reflect Monarques' final financing price if lower than $0.40. The $7.5M sales price represents the book value, of these assets as of the date of the closing.

Nemaska intends to distribute to its shareholders, after the closing of Monarques' IPO, 3,685,645 of the shares received from the sale of its non-lithium assets.

After the closing of the Conditional Asset sale agreement, Nemaska will retain its core assets, the Whabouchi and Sirmac properties, and its holding in Monarques. Nemaska is expected to remain the largest shareholder of Monarques, post financing.

"The signing of the Conditional Asset sale agreement is our latest step towards having the financial markets recognize the value of Nemaska's non-lithium assets," commented Mr. Guy Bourassa, President and CEO of Nemaska. "With the Monarques'IPO, we believe we will be able to raise sufficient funds to begin a more aggressive exploration program of these assets and start to realize their full potential. In addition, with respect to our Whabouchi lithium project, we have made impressive progress advancing the development of this asset. We have successfully completed a preliminary economic assessment, have begun a feasibility study and added a major China-based lithium end-user in Chengdu Tianqi Industry Group as a strategic shareholder in Nemaska. With this substantial advancement of Whabouchi, it is now an appropriate time to proceed with the Monarques'IPO to separate our non-lithium exploration projects."

Monarques Resources Inc. intends to file within the following weeks, its preliminary prospectus. The public offering will involve a minimum offering of $2M with a syndicate of agents led by Industrial Alliance Securities Inc., and including Dundee Securities Inc. (collectively, the "Agents"). The Agents are to act on a best effort basis for this offering. Details of the offering will be released on filing of the preliminary prospectus.

About the non-lithium assets to be sold to Monarques

The Lac Levac (approx. 9,200 hectares), Lac Arques (approx. 39,470 hectares), and Lac des Montagnes (approx. 12,740 hectares) properties are contiguous and cover approximately 85 km of the Lac des Montagnes green belt polymetallic formation in the James Bay region in the Province of Quebec. They are easily accessible year round by either the Route du Nord from Chibougamau (280 km) or the Route de la Baie James from Matagami (380 km) and are located near the Cree community of Nemaska and the Nemiscau airport. The Lac Levac property holds the Nisk-1 nickel-copper-PGE deposit on which resources have been released and confirmed by a NI 43-101 report.

http://finance.yahoo.com/news/Nemaska-Exploration-to-ccn-184216502.html?x=0&.v=1

 

eine einzige Enttäuschung und spiegelt die Unternehmensentwicklung nicht wieder. Ich hoffe der Markt erkennt demnächst die Unterbewertung.

direkt auf die 51 cad mit gutem Volumen! Schade das kein cash zum nachkaufen frei ist! http://de.advfn.com/nachrichten/Nemaskas-Whabouchi-Lithium-Project-Continues-To-Pr_47006443.html

Quelle: Marketwire Email, hab noch keinen Link zu ner Website: Nemaska's Whabouchi Lithium Project Continues To Produce Wide High-Grade Drill Results 76.7 m at 1.73% Li2O and 77.3 m at 1.67% Li2O QUEBEC CITY, QUEBEC--(Marketwire - March 24, 2011) - Nemaska Exploration Inc. ("Nemaska" or the"Corporation") (TSX VENTURE:NMX)(OTCBB:NMKEF)(FRANKFURT:NOT) is pleased to announce the initial results from 12 holes of its current 48 holes (10,000 metre) drill program on its 100% owned Whabouchi project. The Company has drilled 36 holes (7,600 metres) to date at Whabouchi and is expecting to complete the program by the end of April 2011. These results confirm the impressive width of the main mineralized zone as well as its grade and confirm the presence of parallel zones to the South. Highlights include: 76.7 m at 1.73% Li2O, 77.3 m at 1.67% Li2O, 72.7 m at 1.61% Li2O, 42.5 m at 1.80% Li2O and 28.2 m at 2.18% Li2O. "The high-grade and exceptional width of these results are as expected and are part of an infill drill program that was recommended by independent consultants in a preliminary economic assessment of our project earlier this year," commented Mr. Guy Bourassa, President and CEO. "The results support our current NI 43-101 resource estimate prepared by Mr. Andre Laferriere, M.Sc., P. Geo. of SGS Geostat in May 2010, and should result in an increase in the measured, indicated and inferred categories. " He continued, "Unlike many lithium hard rock deposits, Whabouchi is a large straight-forward ore body with a homogeneous grade. So far, these key features have enabled us to fast track our exploration to date and rapidly move the project towards feasibility and production. With a strategic Chinese investor already involved we are also on track to market spodumene concentrate to Asian markets."