The Joint Venture expects to benefit from increased environmental awareness and commitment to decarbonisation from consumers and regulators, which has resulted in growing adoption of electric vehicles and global demand for rechargeable batteries. Nemaska Lithium has acquired industrial buildings and property in Shawinigan, Québec, from a former pulp-and-paper mill to house its electrochemical facilities: the Phase 1 plant, where the process was developed and tested from February 2017 to Dececember 2019, and the commercial conversion facility. NEMASKA LITHIUM: Completes Share Exchange with Residual Nemaska Lithium: 2020: Lithium producer Livent in deal to buy Nemaska, extend Tesla contract: 2020: Lithium … MONTREAL, April 01, 2020 (GLOBE NEWSWIRE) -- Nemaska Lithium Inc. (“Nemaska Lithium” or the “Corporation”) provides today an update on … The following section provides a general summary of certain Canadian federal tax considerations to beneficial owners of common shares of the Corporation (the “Shares”) who, for the purposes of the Income Tax Act (Canada) (the “Tax Act”) and at all relevant times, are or are deemed to be resident in Canada hold their shares as capital property, deals at arm’s length and are not affiliated with Residual Nemaska Lithium (“Canadian Holders”). Nemaska Lithium Inc. (TSX:NMX,OTCQX:NMKEF,FWB:N0T) is building one of North America’s richest and largest hard rock lithiummines and lithium salts processing facilities through a unique deposit in Nemaska and a state-of-the-art electrochemical plant in Shawinigan, both located in the province of Quebec, Canada. Forward-looking statements contained in this press release include, without limitation, those related to the ability of the Corporation to close the Transaction and the timing of closing, the emergence from the CCAA proceedings, and the presentation of a plan of compromise or arrangement to the creditors of Residual Nemaska Lithium and NMX Residual Assets Inc. and calling of a meeting of creditors. Pursuant to the Bid, substantially all of the current employees of the Nemaska Entities will be retained by New Nemaska Lithium in their current roles and responsibilities in all material respects, and all obligations of the Nemaska Entities under the Chinuchi Agreement with the Cree Nation of Nemaska, the Grand Council of the Crees (Eeyou Istchee) and the Cree Nation Government will be assumed by New Nemaska Lithium. Accordingly, shareholders will not be required to surrender their share certificates representing shares of the Corporation. The Exchange is only made for reorganization purposes, and Residual Nemaska Lithium will not conduct any business activities. The Corporation disclaims any intention or obligation to update or revise any forward-looking statements or to explain any material difference between subsequent actual events and such forward-looking statements, except to the extent required by applicable law. Company profile page for Nemaska Lithium Inc including stock price, company news, press releases, executives, board members, and contact information The Corporation cautions that the foregoing list of factors that may affect future results is not exhaustive, and new, unforeseeable risks may arise from time to time. For more information, visit www.nemaskalithium.com. Further information regarding Nemaska Lithium is available in the SEDAR database (www.sedar.com) and on the Corporation’s website at: www.nemaskalithium.com. Following the Exchange, each share certificate (or other evidence of ownership of shares of the Corporation) representing shares of the Corporation shall be deemed to represent for all purposes the same number of common shares of Residual Nemaska Lithium. Défendre les intérêts des petits investisseurs de Nemaska Lithium. A:           Generally, a shareholder may elect to realize a capital loss upon the Exchange by including in its income tax return for the taxation year in which the Exchange occurred the capital loss resulting from the Exchange. Further information regarding Nemaska Lithium is available in the SEDAR database (www.sedar.com) and on the Corporation’s website at: www.nemaskalithium.com. 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. A:           You may call 514-205-5698, a number set up by the Monitor, for any questions or additional information. Contribution Soyez représentés ! MONTRÉAL, May 15, 2020 (GLOBE NEWSWIRE) -- With the approval of the Superior Court of Québec, Nemaska Lithium Inc. (the “Corporation“) proceeded yesterday with the sale of … In any cases, shareholders should consult their own tax advisors as to the possibility of realizing a capital loss upon the Exchange as well as to obtain assistance and advice in determining the capital loss otherwise realized upon the Exchange. This Nemaska Lithium Inc. profile is part of a paid investor education campaign. 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