Nemaska Lithium Receives Second Installment of $2.12 Million from Sustainable Development Technology Canada for Phase 1 Lithium Hydroxide Plant

Nemaska Lithium Inc. (TSXV:NMX,OTCQX:NMKEF) announced it has received its second $2.12-million instalment from Sustainable Development Technology Canada for the development of its phase 1 lithium hydroxide plant.
The Phase 1 plant is designed to produce 500 tonnes per year of high purity lithium hydroxide. The construction of the Phase 1 plant has started and is expected to be completed during Q4-2016. Once built, Nemaska Lithium intends to use this facility to produce commercial lithium hydroxide samples to send to end-users in the lithium battery market with a goal of securing off-take agreements in advance of start of operation at the Whabouchi lithium mine and commercial Hydromet facility, the latter being also located in Shawinigan. Nemaska Lithium is in discussions with a number of potential end-users, all of which have requested samples as soon as possible.
Nemaska Lithium President and CEO, Guy Bourassa, stated:

We have taken possession of the facilities in Shawinigan that will house both the Phase 1 Plant and the commercial Hydromet facility and construction of the Phase 1 Plant has commenced. Furthermore, work has started on removing the old paper mill equipment from the commercial Hydromet Plant facility and we are very pleased with the progress so far.

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