Post on 13-Feb-2022
Forward-
looking
statement
• During the course of this presentation, Nemaska Lithium Inc. will make a
number of statements with regard to its projects, business strategy and
plan, which could be construed as forward-looking.
• Undue reliance should not be placed on such forward-looking statements,
including but not limited to those relating to (i) any financing plan to raise
additional funds, (ii) the ability of Nemaska Lithium Inc. to complete the
construction of the Whabouchi mine and the Shawinigan plant, and (iii) the
expected unfolding of construction and commissioning as well as the
anticipated start of production at the Whabouchi mine and Shawinigan
plant sites, as they are subject to risks and uncertainties that could cause
results to be materially different than expectations. It is uncertain if
Nemaska Lithium Inc. will be able to complete any financing plan or if
further work will in fact lead to production of mineral resources and of
lithium compounds.
• All of the forward-looking statements made in this presentation are
qualified by these cautionary statements and those made in our other
filings with the securities regulators of Canada including, but not limited to,
the cautionary statements made in the “Risk Factors” section of the
Corporation’s Annual Information Form dated October 10, 2018, and the
“Risk Exposure and Management” section of the Corporation’s quarterly
Management Discussion & Analysis.
• Nemaska Lithium filed a NI-43-101 compliant feasibility study report on
SEDAR on February 23, 2018, concerning its Whabouchi project. All
technical information should be reviewed according to this 2018 feasibility
study.
• All figures are in Canadian Dollars unless otherwise specified. Exchange
Rate is CAD 1.00 = USD 0.77
2
Project under
construction• Nemaska is building its Whabouchi mine and Shawinigan electrochemical plant in Quebec,
Canada.
Vertically integrated
lithium project
• Nemaska Lithium’s Whabouchi project in Québec is a vertically integrated lithium project from the
raw material at Whabouchi mine to the Electrochemical Plant in Shawinigan where it is transformed
into high-purity lithium hydroxide.
Lowest cost producer
of lithium hydroxide
• With a vertically integrated operation, proprietary process, and access to affordable hydroelectric
power in Québec, the Whabouchi project is being forecast to become a low cost producer of lithium
hydroxide globally.
Near-term cash flow• Whabouchi Mine and concentrator are expected to start production with sales of spodumene
concentrate in 2020. An offtake agreement for the whole concentrate production has been signed
for approximately 2 years while the electrochemical plant is ramping up.
World-class
counterparties
• Nemaska Lithium has secured offtake agreements with LG Chemicals, Johnson Matthey and
Northvolt. The various groups have given the project key endorsements through offtake contracts,
product qualification and financial support.
Strong support from
key stakeholders
• Nemaska Lithium has strong support from the Government of Québec, which holds about 12.5% ofthe Corporation. Additionally, Softbank holds 9.9% of Nemaska and the Cree Nation of Nemaska isa shareholder.
Producing Phase 1
Plant since Feb. 2017
• Nemaska Lithium is producing lithium hydroxide from Whabouchi spodumene concentratedemonstrating its ability to produce high purity lithium hydroxide but also enabling the qualificationof product with off-takers and potential customers. Qualification process started with more than 20potential customers.
Corporate Overview
3
Project Financing of CAD 1.1B Completed
• A 94M private placement from world-leader SoftBank Group Corp. SoftBank also
has a right of first offer to purchase up to 20% of lithium salts produced from
Shawinigan.
• A 80M private placement with Ressources Québec
• A 280M public offering through a bought deal
Signed a streaming facility agreement with Orion Mine Finance II LP under which
Nemaska Lithium and Orion will share 14.5% of future production of all lithium products. Net
effect is Orion receives 8.7% of total revenue. The agreement is capped at 5,000 t of product
per year.
The Bonds have a five-year term and bears an 11.25% interest rate per annum
Equity CAD 454M
Debt USD 350M Senior Secured Bond Offering
Streaming USD 150M
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Recently announced re-assessment of cost to complete CAD375 to be raised
Currently evaluating a dual-track financing plan – M&A, equity financing and or debt
Nemaska Lithium Project Overview
Québec
Saguenay
Rouyn-Noranda Val-d’Or
Matagami
Nemaska
Chibougamau
Shawinigan
Montréal
• One of North America’s largest spodumene
deposits located in the Eeyou Istchee James
Bay region, Canada
• 33 years initial mine life.
• Expected to produce 213,000 tonnes/y of 6.25% (Li2O)
spodumene concentrate
• Shawinigan Electrochemical Plant to convert
spodumene concentrate to lithium hydroxide
monohydrate with a 37,000 tonnes annual
capacity
Source: Nemaska Lithium Feasibility Study Issue Date 21st of February 2018
Fully-Integrated Lithium Producer
in Quebec
Reserve Overview
Category Tonnage (Mt) Li2O
Open pit
Proven and probable 24 1.53%
Underground
Proven and probable 13 1.16%
Combined
Proven and probable 37 1.40%
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Whabouchi Mine | Construction Progress as of Nov. 14, 2018
6
Concentrator
Concentrate Dome
Thickener &
Process Water Tank
Foundations
Fine Ore & Tailings
Dome Foundation
Primary Crusher Foundation
& Retaining Wall
E-House Foundation
Administrative Office
Whabouchi Mine | Construction Progress as of May 8, 2019
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Concentrate Dome Concentrator
Administrative Office
Maintenance garage
Temporary camp
Crushing Area
Fine Ore &
Tailings Dome Concentrator
Administrative Office
Maintenance garage
Temporary camp
Crushing Area
Concentrator Electrical Rooms
Whabouchi Mine | Construction Progress
8Crushing Area, Primary, Secondary and Tertiary Crushers,
Ore Sorting Building, Fine Ore and Tailings Dome and Crusher Equipment
Electrochemical Plant | Existing Buildings in Shawinigan
11
Phase 1 Plant
Commissioned in Q1-2017
and in production
Hydroelectric Power Plant
Electrochemical Plant
Detailed engineering underway
Electrochemical Plant | Construction Progress
12Reservoir Foundation and Mezzanine Floor in Building 80
Electrochemical Plant | Construction Progress
13
Installation of Piles Inside and Outside Building 80
Electrochemical Plant | Construction Progress
14
Foundation and Structural Reinforcement in Building 67
Other assets in Shawinigan, Quebec
15
Administrative OfficeMoved in December 2018
Phase 1 PlantOperating since February, 2017
Project Economics Key Figures
Average Cost Per Tonne | Spodumene Concentrate
(USD 257/t) CIF Shawinigan (open pit)
Average Cost Per Tonne | Lithium Hydroxide
Sales Prices FOB Shawinigan lithium hydroxide USD14,000/t, lithium carbonate USD 9,500/t for first 5 years and USD 12,000t thereafter
All calculations assume a 6.25% (Li2O) spodumene concentrate
Exchange rate CAD/USD: 0.77
*Only equity as per the Feasibility Study* * Using the CAD 1.1B Project financing closed
Yearly Average Production
CAD 3,655/t
Average Cost Per Tonne | Lithium Carbonate 99.99%
CAD 4,424/t
Whabouchi Mine
≈ 213,000 tonnes of concentrate (6.25% Li2O)
Shawinigan Electrochemical Plant
≈ 23,000 tonnes of lithium hydroxide
≈ 11,000 tonnes of lithium carbonate
33 yearswith 2.9 year (2 year**) payback period (after-tax)
Expected Mine Life and Payback Period
NPV
8% Discount (pre-tax)
CAD 2.4B * (USD 1.8B)
CAD 2.2B** (USD 1.7B)
Internal Rate of Return (IRR)
34.4%* (pre-tax)
60.5%** (pre-tax)
30.5%* (after tax)
56.0%** (after tax)
Total Initial Capital Costs
CAD 801M
A feasibility study update is underway and should be release during this quarter
Source: Nemaska Lithium Feasibility Study, Issue Date 21st of February 2018
(USD 616M) in CAPEX including contingency
(USD 3,403/t) FOB Shawinigan
(USD 2,811/t) FOB Shawinigan
CAD 334/t
CAD 3.3B* (USD 2.5B)
CAD 3.0B ** (USD 2.3B)
8% Discount (after tax)
16
Demonstrated QualityLiOH.H2O Produced From Spodumene in Demonstration plant
Purity Compares Advantageously with Competition
Elements
Typical
Battery Grade
on Market(1)
Nemaska
Demonstrated
Quality(2)
LiOH, wt% (min) min 56.5 57.5 + 1
Ca, mg/kg 10 – 100 < 5
Na, mg/kg 20 – 50 < 10
K, mg/kg 10 – 50 < 5
Mg, mg/kg 10 – 50 < 4
Fe, mg/kg 5 – 20 < 4
Al, mg/kg 5 – 10 < 4
CO2, wt% 0.30 - 0.35 < 0.2
Cl, mg/kg 20 – 50 < 10
SO4, mg/kg 50 – 200 < 120(3)
Cr, mg/kg 5 – 10 < 4
Cu, mg/kg 5 – 10 < 4
Ni, mg/kg 5 – 10 < 4
Si, mg/kg 30 – 50 < 20
Zn, mg/kg 5 – 10 < 4
Sol. Acid, mg/kg 50 – 100 < 50
(1) - Based on the specifications of companies listed from Roskill Marketing Review on Nemaska Lithium, 19th of February 2018, Nemaska Lithium(2) - Based on COA from CNETE to Nemaska Lithium P1P production 15th of february, 2019(3) - Limit of detection into CNETE equipment – working process to reduce this limit
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“ We have completed our analysis on
the first product sample received from
your phase 1 plant. The quality is
excellent! I am sure that this product
would be readily accepted by all
cathode producers in the market now
and in the future and I am 100%
confident that if you bring a product
like this to market you will have the
best quality product available and
even over time, I doubt this quality
will be surpassed by others.”
David Hicks, CEO
Leverton-Clarke Ltd.
Nemaska to Become a Low Cost Producer
USD per tonne
lithium hydroxide
Source: Roskill Marketing Review on Nemaska Lithium, 19th of February 2018, Nemaska LithiumTechnical and battery grades; SQM, Albemarle and FMC costs assume lithium carbonate procured internally at cost; China and Australia conversion plant costs assume USD 500/t spodumene concentrate cost; FMC assumes USD 9,500/t carbonate feedstock cost; Nemaska shown at capacity;
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Lithium Hydroxide Cost Curve 2021E
Rechargeable battery
42%
Ceramics 12%
Glass-ceramics 12%
Greases 7%
Polymer 5%
Glass 5%
Metallurgical powders
4%
Primary battery 2%
Air treatment 2%
Other 9%
Uses of Lithium in 2016 Uses of Lithium in 2026E
Source: Roskill Marketing Review on Nemaska Lithium, 19th of February 2018
Lithium Uses 2016 and 2026E
Total demand
~197,000 tonnesLithium Carbonate
Equivalent
Rechargeable battery
86%
Ceramics 3%
Glass-ceramics 3%
Greases 2%
Polymer 1%
Glass 1% Primary
battery …
Air treatment 0%
Other 2%
Expected total
demand
~1,008,000 tonnesLithium Carbonate
Equivalent
21
Lithium Demand Per Product 2016 - 2031
Source: Roskill Marketing Review on Nemaska Lithium, 19th of February 201822
Pricing Outlook
Nominal Price Forecasts for Spodumene Concentrate, Lithium Carbonate and Lithium Hydroxide
9 510
13 183
13 900
14 750
15 700
16 700
17 800
19 000
20 200
7 585
12 500
11 020
12 750
14 100
15 500
17 050
18 800
560
790
850
700
600
550
500510
520530
540550
570590
610630
300
400
500
600
700
800
900
5 000
7 000
9 000
11 000
13 000
15 000
17 000
19 000
21 000
2016 2017 2018e 2019e 2020e 2021e 2022e 2023e 2024e 2025e 2026e 2027e 2028e 2029e 2030e 2031e
USD
per
to
nn
e
USD
per
to
nn
e
Lithium Hydroxide (Left axis) Lithium Carbonate (Left axis) Spodumene Concentrate (Right axis)
Source: Roskill Marketing Review on Nemaska Lithium, 19th of February 201823
New Lithium Development ProjectsEstimates made prior to announcement of SQM and ALB’s deal with CORFO
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Source: Roskill Global Industry, Markets and Outlook to 2026
Assumed 0.8 tonne LCE per GWhSource : Benchmark Mineral Intelligence, 2019
tonnes battery grade
LCE consumption
per year in 2016
tonnes battery grade
LCE consumption
per year expected in 2021
Megafactories Driving Demand for Lithium
+10x in Expected Lithium Demand from Megafactories between 2017 – 2028E
24 000 260 000
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World capacity in 2017 :
145 GWh
Total pipeline capacity by 2028 :
1 550 GWh
Gigafactories presently
under construction:
˃70
Board of Directors
• Over 30 years as a mechanical engineer and
senior executive.
• Former President & COO at Bombardier’s
Recreational Products division and EVP of
Bombardier Transportation.
• Mining engineer with more than 40 years of
mining experience.
• Formerly, General Manager at Inmet Mining
Corporation.
Paul-Henri Couture(1)
Director
• Over 35 years of experience as a financial
management and investment professional
specializing in mining.
• Held senior positions at the Caisse de dépôt
et placement du Québec and Sentient Asset
Management.
Vanessa LaplanteDirector
• Currently is the Director of Taxation and of the
Montreal Office of Canadian Malartic
Partnership, a joint venture which operates the
Canadian Malartic Mine.
• 25 years of experience in finance, accounting
and taxation.
• Member of the board of directors of the Quebec
Mining Association (QMA) and chairs its tax
committee.
(1) Members of the Executive and Audit Committee
Shigeki (Sean) MiwaDirector
• Holds several positions concurrently within
the SoftBank Group: Representative Director
& CEO of SB Energy Corp., General Manager
– CEO Project Office at SoftBank Group
Corp., Board Member of the Renewable
Energy Institute, Representative Director &
CEO of Bloom Energy Japan Ltd. and
Director of Clean Energy Asia LLC.
Michel Baril(1)
Chairman
François Biron(1)
Director
27
Luc SéguinDirector
Jacques MalletteDirector
• President and an entrepreneur investor of
Raymor Industries Inc., a high technology
company specialized in manufacturing
advanced carbon materials for batteries and
electronics.
• Served as CFO of Québecor Inc. and
Cascades Paperboard International Inc.,
acted as President & CEO of this latter
company and of World Color Press Inc.
• Over 25 years of experience in operational
and general management in the industrial
sector, as well as twelve years in corporate
development and financing.
• Formerly Senior Vice President, Mines,
Metals, Energy and Environment at the
Société générale de financement du Québec,
and Vice President at Investissement
Québec.
Guy Bourassa(1)
President & CEO,
Director
• President & CEO of Nemaska since inception in 2008.
• Over 33 years of mining experience.
• Currently a director of Nouveau Monde Graphite and Monarques Gold
Corporation.
Steve NadeauChief Financial Officer
• CFO of Nemaska since inception in 2008.
• Over 20 years of accounting and finance experience in mining,
manufacturing, electronics and automotive fields.
• Previously acted as CFO of Monarques Gold Corporation.
• More than 25 years of experience in the mining and metallurgical industry,
both in Canada and internationally.
• Previously Vice President of Human Resources and Communications for
Koniambo Nickel, a large-scale, complex nickel operation in New Caledonia.
Chantal FrancoeurVP Human Resources
• More than 25 years of experience in the mining industry, both in North
America and internationally.
• Headed legal affairs for Graymont Limited and Cambior Inc. (now Iamgold
Corporation), as well as for the African Region of Kinross Gold Corporation.
Marc DagenaisVP Legal Affairs &
Corporate Secretary
Senior Management
(1) Also a member of the Nemaska Lithium Board of Directors
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Robert BeaulieuVP Operations
• With over 25 years of experience in the mining industry, he has an extensive
expertise in the development of complex and innovative projects.
• Previously Technical Director at Koniambo Nickel in New Caledonia.
• Member of the Ordre des ingénieurs du Québec.
Construction and Operation Team
Jean BéliveauProject Engineering
Director
• Professional mechanical engineer experienced in the fields of General
Management, operations and maintenance management as well as project
management.
• Was involved in the start-up of new manufacturing production units in
Canada and abroad.
29
Isabelle PetitDirector of the
Demonstration Plant
• Physical Engineer who has been working in the mining and metallurgical
industry as well as pulp and paper industry for almost 20 years.
• In 2017, after more than 15 years of service at Alcoa-Deschambault where
she held the positions of Production Engineer and Section Leader, she
joined the Nemaska Lithium team.
Francis
Letarte-LavoieDirector,
Whabouchi mine
• Metallurgical engineer with over 10 years of experience in the mining and
metallurgical industries.
• Has held positions at major companies such as Semafo and Glencore,
where he oversaw the processes, operations and maintenance of various
plants and laboratories for major projects.
• Has participated in two plant start-ups.
Technical Team
• Professional engineer with over 20 years of experience in the metallurgical
industry and the lithium battery industry.
• Author/inventor of several patents in the rechargeable lithium battery
industry.
Jean-François
MagnanTechnical Manager
• Professional chemical engineer with more than 30 years of experience.
• Worked in various manufacturing industries, mainly the industrial chemical
sector.
Bertin OuelletProcess Chemical
Engineer
• Masters degree in Electrochemical Engineering and Technologies.
• Played an active role in Nemaska’s pursuit of patents covering its innovative
technologies, of which he is a co-inventor.
Nicolas LarocheElectrochemical
Engineer
Simon ThibaultDirector,
Environmental and
Social Responsibility
• Specialized in environmental mining policies and permitting in Canada,
especially in the provinces of Québec, Ontario and Manitoba.
• Collaborated on Environmental Permitting of mining projects, Environmental
and Social Impact Assessments, Environmental Auditing and Environmental
Baseline Studies, Preliminary Economic Assessments, Pre-Feasibility
Studies and Feasibility Studies.
30
Capital Structure | March 31, 2019
Shares outstanding 847 584 338
Options (average exercise price $0.95) – May 2019 to March 2024
Warrants (average exercise price $1.50) – July 2019
36 799 900
29 274 823
Fully Diluted 913 659 061
Distribution (estimated)
Management and employees ≈ 6%
Ressources Québec ≈ 12%
SoftBank Group ≈ 9%
Institutional ≈ 13%
Others ≈ 60%
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Project Summary | Key investment takeaways
Proven
production
process
Near term
commercial
producer of
lithium
compounds
To become a
low cost
producer of
lithium
hydroxide
World-class
counterparties
Unique location
and process of
processing
lithium
1 2 3 4 5
Emerging Vertically Integrated Low-Cost Lithium Producer in a Premier Jurisdiction
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