Saturday, August 9, 2025

Nemaska Lithium

Nemaska – Second Brutal News Release within One Week

Tonight Nemaska Lithium (TSXV: NMX, NMX.W, OTCMKTS: NMKEF) announced they have terminated their multi-year supply agreement with Livent Corporation (an FMC Corporation spinout). This Supply Agreement was for up to 8,000 tonnes per year (28,000 tonnes in total during the term of the contract) of lithium carbonate starting April 1, 2019.

In the company’s annual statements, reported in late September, Nemaska made the following warning in the subsequent event section:

To summarize what happened. Nemaska agreed to begin supplying FMC/Livent with lithium carbonate this spring. Due to project delays and cost overruns, Nesmaska is now unable to begin supplying the carbonate as promised.

The companies were working towards amending the supply agreement, however tonights news is an indication that FMC/Livent are wiping their hands clean of Nemaska. As a result, Nemaska will have to reimburse FMC/Livent the $10M payment pay made to Nemaska in April 2017, and pay a breakage fee of the same amount. Resulting in Nemaska forfeiting $20M of badly needed cash.

This is another brutal news event hitting the Canadian Lithium industry and specifically Nemaska in one week. Following the previous announcement where Nemaska announced project cost overruns of $375M.


Information for this briefing was found via Nemaska Lithium. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

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