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Nemaska Lithium announces that it has completed the acquisition of the site that will house its future lithium hydroxide production plant. Nemaska Lithium was able to exercise its option to purchase the land from the Société du parc industriel et portuaire de Bécancour after successfully meeting the acquisition criteria.
The purchase of the land is an important step in the realization of the integrated spodumene extraction project at the Whabouchi mine in Northern Quebec until the conversion to lithium hydroxide at its Bécancour plant. As the first lithium hydroxide production plant in Canada, Nemaska Lithium is one of the most advanced lithium projects in Quebec. 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 transportation electrification value chain. Construction of the plant is expected to begin in 2023.
“The year 2023 starts strong with the acquisition of the land for our future lithium hydroxide conversion facility. We would like to highlight the collaborative work with the Société du parc industriel et portuaire de Bécancour, as well as the work of our team. This is a significant milestone for Nemaska Lithium »
– Spiro Pippos, Chief Executive Officer, Nemaska Lithium
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