The Conversation (0)
Nemaska Lithium (TSXV:NMX) has received a $12.87 million technology commercialization grant from Sustainable Development Technology Canada. The grant will be put towards development of Nemaska’s Phase 1 Lithium hydroxide hydromet plant.
As quoted in the press release:
The Phase 1 plant is designed to produce 500 tonnes per year of high purity lithium hydroxide. Once built, Nemaska intends to use this facility to demonstrate its proprietary lithium hydroxide technology and produce commercial samples to send to end users primarily in the lithium battery market with a goal of securing off-take agreements in advance of starting operation of its lithium mine and commercial hydromet facility.
Nemaska president and CEO, Guy 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.
Click here to read the Nemaska Lithium (TSXV:NMX) press release