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Livent to double its possession stake in Nemaska Lithium to 50%

Livent to double its possession stake in Nemaska Lithium to 50%

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Livent Company agreed to double its possession curiosity (earlier submit) to 50% in Nemaska Lithium, a completely built-in lithium hydroxide growth venture situated in Québec, Canada.

Livent will problem 17,500,000 shares of its frequent inventory to The Pallinghurst Group and its traders to accumulate their half of Québec Lithium Companions (QLP). Livent already owns the opposite half of QLP. Following the shut of the transaction, QLP will change into a completely owned subsidiary of Livent, and Livent will in flip personal 50% of Nemaska by way of QLP. Investissement Québec (IQ) will stay the proprietor of the remaining 50% curiosity in Nemaska.

Livent is dedicated to the success of the Nemaska lithium venture and growing its possession displays this dedication. We imagine that Nemaska, as a big and low-cost built-in lithium hydroxide venture, might be an vital a part of the provision of sustainable crucial battery supplies. Nemaska will additional strengthen Livent’s world footprint and is strategically situated to serve rising lithium demand in North America and Europe. We’ll proceed to work intently alongside the Authorities of Québec to make sure that Nemaska turns into a number one provider of battery-grade hydroxide. The progress of Nemaska to its present superior stage of engineering wouldn’t have been attainable with out the crucial contributions of Pallinghurst and we sit up for persevering with to work with them on additional growth of Nemaska, as a serious investor in Livent.

—Paul Graves, president and CEO of Livent

Livent will proceed to have tasks with Nemaska within the growth and future manufacturing and commercialization of the venture.

Nemaska is working in the direction of creating a completely built-in venture by way of the event of the Whabouchi Lithium mine—a mixed open-pit and underground mining venture—and subsequent processing of the reworked base materials into lithium hydroxide (earlier submit) at its conversion plant to be in-built Société du parc industriel et portuaire de Bécancour.

Whabouchi represents a big and aggressive spodumene useful resource, and has entry to current infrastructure and renewable hydroelectric energy. The Whabouchi venture mine web site is situated on Eeyou Istchee James Bay territory and has acquired all of the required authorizations for its operation.

Whabouchi Mine (Québec, Canada) Supply: Livent


For the previous eighteen months, the Nemaska staff and its shareholders have invested vital assets in securing the way forward for Nemaska, together with progressing an optimization examine centered on bettering and enhancing all the worth chain from mine to battery-grade supplies. In doing so, it has ensured a robust deal with sustainability and a zero-carbon footprint by way of the usage of inexperienced hydroelectric energy and the implementation of sturdy ESG rules.

The conclusion of this optimization examine and a closing building resolution are anticipated by the tip of the third quarter of this 12 months. Nemaska is predicted to be a completely built-in asset with 34,000 metric tons of nameplate capability of battery-grade lithium hydroxide with first manufacturing in 2025.

Sources

  • Sebastián Ibarra-Gutiérrez, Jocelyn Bouchard, Marcel Laflamme, Konstantinos Fytas (2021) “Venture economics of lithium mines in Québec: A crucial evaluate,” The Extractive Industries and Society, Quantity 8, Subject 4, doi: 10.1016/j.exis.2021.100984 (Open entry)

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