Published: June 7, 2019 |

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Nemaska Lithium Inc. released updates on the Whabouchi project.

“We have made good overall progress during the past months on both the construction at the Whabouchi mine and the detailed engineering at the Shawinigan plant. While we are carefully managing cash at our disposal, we are also reviewing financing opportunities and strategic alternatives with the help of our financial advisors. We are diligently proceeding one step at a time towards achieving our ultimate goals within the best possible timeframe in the best interest of all our stakeholders,” said Guy Bourassa, president and CEO of Nemaska Lithium.

CONSTRUCTION EXECUTION PLAN UNDERWAY

At Whabouchi, the foundations for the primary, secondary and tertiary crushers are completed and structural steel installation is well advanced. Concrete pouring and backfilling are nearing completion, electric distribution is completed, and the construction camp, its cafeteria and training facilities are fully functional. About 50 percent of the crushing, ore sorting and concentrator equipment has been received, and most of it has been installed.

In Shawinigan, detailed engineering work for the electrochemical plant continues. The progress achieved over the past few months will be reflected in the updated 43-101 technical report – feasability study expected to be completed in June. As at April 30, 2019, the detailed engineering progress was estimated at approximately 55 percent complete, which will add considerable knowledge to the project that could translate into cost savings in the subsequent bidding and procurement process set to resume upon completion of the project financing.

The construction pace at both the Whabouchi mine and the Shawinigan plant has been adapted to ensure an optimal and efficient use of current resources. In addition, the majority of BBA’s recommendations received at the end of April have been implemented.

CONSTANT DELIVERIES OUT OF THE PHASE 1 PLANT

Activities out of the Phase 1 plant continue at a steady pace. High purity lithium hydroxide monohydrate commercial samples are delivered every week to current and potential clients internationally.

About Nemaska Lithium
Nemaska Lithium Inc. is a developing chemical company whose activities will be vertically integrated, from spodumene mining to the commercialization of high-purity lithium hydroxide and lithium carbonate. These lithium salts are mainly destined for the fast-growing lithium-ion battery market, which is driven by the increasing demand for electric vehicles and energy storage worldwide. With its products and processes, the Corporation intends to facilitate access to green energy, for the benefit of humanity.

To stop by Nemaska Lithium’s website, CLICK HERE

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