Nemaska Lithium Project Shaping Up on Time and on Budget

QUEBEC CITY, QUEBEC–(Marketwired – Oct. 6, 2016) – Nemaska Lithium Inc. (TSX:NMX,OTCQX:NMKEF) is pleased to provide an update on the advancement of its Phase 1 Plant and site preparation of the Whabouchi Mine in Quebec, Canada.
Phase 1 Plant
The Phase 1 Plant is on time and on budget. Electrical lines have been installed at the Phase 1 Plant facility and Nemaska Lithium has signed a 5 year natural gas contract. Construction modifications to the interior of the Phase 1 Plant building are nearing completion in anticipation of receiving plant equipment. To date, all the major equipment items have been ordered from suppliers and certain items have been received. The electrolysis cells are expected to be received by the end of October with commissioning to commence in November and December 2016.
Lithium Hydroxide Samples to Customers in Q1 and Q2 2017
Initial shipments of battery grade lithium hydroxide from the Phase 1 Plant are expected to commence to Johnson Matthey Battery Materials (JMBM) in Q1 2017 under a tolling agreement. As previously announced, Nemaska Lithium is targeting to ship battery grade lithium hydroxide commercial representative samples to JMBM and other potential customers in Q2 2017. These lithium hydroxide samples will be shipped to customers to enable them to qualify Nemaska Lithium’s hydroxide products while the Corporation builds its commercial mine and Hydromet Plant.
“I recently returned from Japan where I had an opportunity to meet with numerous end users,” commented Guy Bourassa, President and CEO of Nemaska Lithium. “The overriding message from these battery material producers was that there is an absolute need for new lithium suppliers. Indeed, supply of high quality lithium salts is very tight at the moment. Without exception every customer requested samples from the Phase 1 Plant in order to start qualifying our product.”
Connect with Nemaska Lithium Inc. (TSX:NMX,OTCQX:NMKEF) to receive an Investor Presentation.