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.