|By Marketwired .||
|August 27, 2014 08:30 AM EDT||
QUEBEC CITY, QUEBEC -- (Marketwired) -- 08/27/14 -- Nemaska Lithium Inc. ("Nemaska" or the "Corporation") (TSX VENTURE: NMX) (OTCQX: NMKEF) Nemaska is pleased to announce that two of its core patent applications have been published and have received PCT numbers WO 2013/159194 A1 and WO 2013/177680 A1 respectively. These patents were initially filed in April and May 2012 as U.S. provisional applications. The first patent application covers Nemaska's core invention of producing lithium hydroxide from a lithium sulphate solution using electrolysis technology. This patent application also covers impurity removal systems in the process. The second patent application covers the transformation of lithium hydroxide into lithium carbonate.
Subsequent to the filing of the initial core patent applications, Nemaska also filed 4 additional patents which cover optimization and evolution of the technology as a result of the Corporation's ongoing optimization programs. Nemaska is awaiting review of these patent applications and is anticipating the assignment of PCT application numbers in the near future.
The Patent Cooperation Treaty (PCT) is an international patent law treaty. It provides a unified procedure for filing patent applications to protect inventions in each of its contracting states (countries). The assigning of the PCT number and official filing date is an important step in filing and receiving patents in 148 member states which includes United States, Canada, Mexico, Europe, China, Japan, India, Australia, Brazil, etc.
"We continue to evaluate our ongoing process optimization programs for new patent opportunities and we will be vigilant in the protection of our intellectual property," commented Guy Bourassa, President and CEO of Nemaska Lithium. "The true value of our IP portfolio is becoming understood by both the lithium industry and the investment community, especially as one witnesses the evolution of EV batteries and the shift toward the adoption of lithium hydroxide as the chemical of choice over lithium carbonate." Mr. Bourassa continued, "Our discussions with both end users and existing producers of lithium chemical compounds continue to advance. The publication of our patent applications is an important step and strengthens our value proposition."
Nemaska intends to become a lithium hydroxide/carbonate producer based in Quebec and has filed patent applications for its proprietary methods to produce lithium hydroxide and lithium carbonate. In tandem, the Corporation is developing one of the richest spodumene lithium hard rock deposit in the world, both in volume and grade. Spodumene concentrate produced at Nemaska's Whabouchi mine and from other global sources will be shipped to the Corporation's lithium hydroxide/carbonate processing plant to be built in Salaberry-de-Valleyfield, Quebec. This plant will transform spodumene concentrate into high purity lithium hydroxide and lithium carbonate mainly for the growing lithium battery market.
The statements herein that are not historical facts are forward-looking statements. These statements address future events and conditions and so involve inherent risks and uncertainties. Actual results could differ from those currently projected. The Corporation does not assume the obligation to update any forward-looking statement.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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