Jan. 15, 2020 - The official Annual Report under the Investment Canada Act (ICA) for the fiscal year 2018-19 was released at the end of 2019. This document sets out various statistics and other noteworthy developments during that time frame (i.e., April 1, 2018 to March 31, 2019) relating to the two...
The Pallinghurst Group Backs Nemaska Lithium’s Mine in Québec
Davies is acting for The Pallinghurst Group, a global metals and mining industry investor, in its proposed equity investment of up to $600 million in Nemaska Lithium Inc. to help fund Nemaska’s Whabouchi project in Québec.
The project, which comprises the Whabouchi lithium mine and the electrochemical plant at Shawinigan, could create a new supply of the lithium needed for batteries in electric vehicles.
Betting on “an electric vehicle revolution,” Pallinghurst proposed the deal, which will make it Nemaska’s largest shareholder and position it as a key investor in the battery materials and energy storage market.
The proposed financing consists of a $200-million private placement and a $400-million rights offering guaranteed by way of a stand-by commitment.
Jan. 13, 2020 - The Canadian Securities Administrators (CSA) has published a consultation paper seeking input on the potential implementation of an “access equals delivery” model – an electronic access alternative for satisfying prospectus and other documentary delivery obligations under Canadian securities...