Nemaska Lithium announced Monday that it has completed the acquisition of the land where its lithium hydroxide production plant will be built, which will propel the battery sector dear to the Legault government.
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“We would like to highlight the collaborative work with the Bécancour Industrial and Port Park Company, as well as the work of our team. This is a very important milestone for Nemaska Lithium,” said Spiro Pippos, CEO of Nemaska Lithium, in a press release.
If all goes well, construction should begin in the next few months.
Last July, Quebec invested $80 million in the share capital of Nemaska Lithium to relaunch the project to build a mine and a lithium spodumene processing plant.
In total, the $1.5 billion project is expected to create more than 410 jobs.
Mine Whabouchi
This crucial step will make it possible to move forward with the spodumene extraction project at the Whabouchi mine, in Nord-du-Québec, up to the conversion into lithium hydroxide, in Bécancour.
In its press release, Nemaska Lithium claims that it will be the first lithium hydroxide production plant in the country.
“With its integrated project from ore extraction to the production of lithium hydroxide, Nemaska Lithium will become a major player in the battery sector and will be an integral part of the transport electrification value chain”, emphasizes -your.
- In mid-December, The newspaper reported that Critical Elements Lithium Corporation had received its certificate of authorization from Quebec and was now seeking $480 million for its James Bay mine project.