Nemaska Lithium Announces COMEX Public Hearings Completed For Whabouchi

- April 2nd, 2015

Nemaska Lithium (TSXV:NMX) reported that the Quebec Review Committee (COMEX) has held its public hearings on Nemaska Lithium’s Whabouchi Mine project. Hearings were held in the Cree community of Nemaska and in Chibougamau Quebec.

Nemaska Lithium (TSXV:NMX) reported that the Quebec Review Committee (COMEX) has held its public hearings on Nemaska Lithium’s Whabouchi Mine project. Hearings were held in the Cree community of Nemaska and in Chibougamau Quebec.

As quoted in the publication:

During these hearings the COMEX heard the local residents’ views on the project’s environmental and social impacts. The COMEX consultations were the final step before making the recommendation to the Minister of Sustainable Development, Environment and The Fight Against Climate Change to issue the general certificate of authorization required to build and operate the Whabouchi Mine.

Nemaska president and CEO, Guy Bourassa, said:

We are extremely proud to have completed this last crucial step in the development of the Whabouchi project, commented Guy Bourassa, President and CEO. We now expect that the decision relating to the granting of the general certificate of authorization will be made during the summer of 2015. This mine will create about 185 jobs in the region. We are planning training programs in preparation for operation start-up. As we have mentioned at numerous occasions, our goal for this mining project is to create a maximum of jobs and business opportunities for the Crees, in particular the Crees of Nemaska, as well as for the Chibougamau-Chapais region.

The company also recently secured a $12.87 million technology commercialization grant from Sustainable Development Technology Canada for the development of its Phase 1 Hydromet plant in Quebec. Bourassa said:

Nemaska Lithium is honoured to be a recipient of this grant, indeed the largest ever awarded under the SDTC program. This funding was obtained through a rigorous and competitive selection process and will enable us to build our Phase 1 Lithium Hydroxide plant. This is the greenest method of producing lithium compounds for lithium ion batteries and electric vehicles globally. The SDTC has a vision for clean technology based businesses in Canada and we are proud to be part of that vision.

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