The results validate the company's own internal cost-to-complete construction assessment as of Feb. 13, 2019.
Nemaska Lithium Mining News
Kirkland Lake Gold chairman Eric Sprott has announced his retirement, effective after the annual meeting on May 7.
Chemicals group Johnson Matthey has secured a site in Poland to produce battery materials and signed a 10-year supply deal with Canada's Nemaska Lithium.
Last year, the Canadian developer arranged $1.1 billion financing for its Whabouchi lithium project.
A week after cost blowout sent the stock crashing Quebec lithium mine developer Nemaska is forced to terminate major supply agreement, pay penalties.
The company has been forced to revise the budget for the Whabouchi lithium mine and Shawinigan electrochemical plant upward by C$375 million.
Canada's Nemaska Lithium now has agreements in place for 90% of production from its Whabouchi hard rock mine and processing plant.
Chinese companies continue to aggressively try securing steady supply of lithium, a key ingredient in the making of batteries that power electric cars.
Nemaska Lithium agreement with private equity giant Orion Mine Finance comes a week after $100B Japanese technology fund bought a stake in Quebec-based firm.