Nemaska and Northvolt announced the signing of a supply agreement for lithium hydroxide.

NemaskaLithiumInc.. (TSX: NMX, OTC QX: NMKEF)(`` NemaskaLidium "or" Corporation ") and NorthvoltAB(``Northvolt") are pleased to announce that in principle they have signed an agreement for the company to supply Daonuosifute's battery-grade lithium hydroxide.

In principle, according to the agreement, NemaskaLithium agreed to supply through its wholly-owned subsidiary NemaskaLithiumShawiniganformationInc., and Northvolt agreed to purchase up to 5,000 but not less than 3,500 metric tons by purchase or payment. Nuosiwote and Ellefte? in Sweden After the factory(`` N factory ") began commercial production, the company produced lithium hydroxide annually at Shavinigan's commercial plant for a period of five years.

For the supply of lithium hydroxide, Nuosiwote has agreed to deliver 10 million euros in promissory notes to the company. The bill can be converted by the company's choice into a Northvolt voting share related to the N factory funds, or agreed on a cost-plus rate.

"We are pleased with the first step towards a strategic partnership between Northvolt and Nemaska, because we all share a common vision and values to promote access to green energy for the benefit of humankind and to promote borders to do so", President and Chief Executive Officer of Nybourassa NemaskaLidium.

The expected supply of lithium hydroxide and the issuance of acceptance notes shall be subject to a final supply agreement satisfactory to both parties and prior approval by the board of directors of both parties.

About Nemaska lithium.

NemaskaLidium is a developing chemical company whose activities will be vertically integrated, from the mining of lithium pyroxene to the commercialization of lithium hydroxide and lithium carbonate in Gaochun. These lithium salts are mainly used in the rapidly growing market for lithium-ion batteries, driven by growing global demand for electric vehicles and energy storage. With its products and processes, NemaskaLithium intends to promote access to green energy for the benefit of mankind.

The company will operate the Whabouchi mine in Quebec, Canada, which is one of the world's richest lithium pyroxene mines, both in quantity and grade. The lithium pyroxene concentrate produced at the Whabouchi mine, which has a number of patents, will be processed at the Shawinigan plant using a unique membrane electrolysis process.

About Northvolt.

Founded in 2016, Northvolt's mission is to build the world's greenest batteries, with the smallest carbon footprint and the highest recycling targets, so that Europe can turn to renewable energy. Nuosifute's team of experts is building the next generation of battery plants, focusing on process innovation, scale and vertical integration. Once completed, it will become the largest battery factory in Europe and will generate 32 GWh of battery capacity each year. For more information, visit www.northvolt.com.

Alert statement on forward-looking information

All statements contained in this press release, in addition to historical fact sheets, including, but not limited to, the company's contribution of 3,500 to 5 per year to Northvolt, 000 metric tons of battery-grade lithium hydroxide and the establishment of a strategic partnership between the company and Nuosiwote constitute "forward-looking information" and "forward-looking statements" in the sense of certain securities laws, and are based on the date of this press release. Expectations and forecasts. Some of the company's key assumptions for a forward statement include, but are not limited to:(a) Shawinigan Plant and Ellefte? in Sweden The commercial production of the factory began, and(b) the two parties reached a consensus on the final supply agreement.

The forward-looking statements contained in this press release include, but are not limited to:(I) the delivery of underwriting notes to the company and their conversion to Northvolt shares or redemption at cost plus interest,(II) prior approval(III) In general, The above section "About NemaskaLidium" mainly describes the company's prospects(and the corresponding "About Northvolt" paragraph). The forward-looking statement is based on expectations, estimates and projections at the time of issuance of this press release. Prospective statements must be based on a number of estimates and assumptions, which, although considered reasonable by companies at the time of such statements, are inherently affected by significant commercial, economic and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect.

Many of these uncertainties and fortuitous events may directly or indirectly affect and may lead to results that are significantly different from those expressed or implied in any forward-looking statement. Since the company's project financing and Northvolt's project financing and future events may be very different from what is currently expected, there is no guarantee that Shawiniganplant and Northvolt will be in Ellefte?, Sweden. The factory will be put into commercial production.

In essence, forward-looking statements involve inherent risks and uncertainties(whether general or specific), as well as the risk that estimates, projections, forecasts and other forward-looking statements can not be achieved or assume that they do not reflect future experience. The purpose of the forward-looking statement is to provide more information on management's expectations and plans for completing project financing, and more generally on future expectations and plans. The reader is reminded not to rely too heavily on these forward-looking statements, as important risk factors and future events may lead to actual results and expressed beliefs, plans, goals, expectations, expectations, estimates, assumptions and intentions in such forward-looking statements. All forward-looking statements in this press release are subject to these caveats as well as those contained in other documents we have submitted to the Canadian Securities Regulatory Authority. These include, but are not limited to, the cautionary statements in the "risk factors" section, the annual report issued by the company on October 5, 2010, and the section on exposure and management of risks discussed and analyzed by the company's management during the quarter. The company warns that the list of factors that could affect future outcomes is not exhaustive and that new, unforeseen risks may arise from time to time. The company has no intention or obligation to update or modify any forward-looking statement or to explain any material difference between subsequent factual events and such forward-looking statement, except to the extent provided for by applicable law.

The page contains the contents of the machine translation.