Nemaska Lithium announced on Monday that it has completed the acquisition of the land on which the lithium hydroxide production plant will be built, which will drive the battery sector dear to the Legault government.
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We would like to highlight the collaborative work with Bécancour Industrial and Port Park, as well as the work of our team. This is a very important milestone for Nemaska Lithium,” said Spiro Bipos, 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 Nemaska Lithium capital to relaunch the project to build a spodumene lithium mine and processing plant.
In total, the $1.5 billion project is expected to create more than 410 jobs.
This decisive step will make it possible to advance the spodumene extraction project in the Whabouchi mine, in Nord-du-Québec, up to the conversion to lithium hydroxide, in Bécancour.
Nemaska Lithium claims in its press release that it will be the first lithium hydroxide production plant in the country.
“With its integrated project from ore extraction to lithium hydroxide production, Nemaska Lithium will become a major player in the battery sector and will be an integral part of the transport electrification value chain.”
- in the middle of december, Newspaper It reported that Critical Elements Lithium Corporation has received a certificate of authorization from Quebec and is now seeking $480 million for its James Bay mine project.
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