VANCOUVER (miningweekly.com) – Project developer Nemaska Lithium has received the first C$2-million tranche of a C$3-million milestone payment for delivering the first shipment of lithium hydroxide to offtake partner Johnson Matthey Battery Materials (JMBM), the company said Friday.
Quebec City-based Nemaska now expects to receive the final C$1-million payment by JMBM once Nemaska delivers a second shipment of lithium hydroxide that meets JMBM’s final criteria.
Nemaska expects to send the final samples once the lithium hydroxide solution is processed through the crystalliser, which has been received at the Phase 1 plant and is being commissioned.
“JMBM’s encouraging reaction to this first shipment of lithium hydroxide is a clear stamp of approval from a leading cathode material manufacturer for the lithium ion-battery market.
I am very pleased with the quality of the lithium hydroxide produced to date given the stage of plant commissioning. The crystalliser technology has been used in the lithium sector for years and no issues are anticipated with this equipment,” Nemaska president and CEO Guy Bourassa said in a press release.
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