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Nemaska Lithium Provides Update on Whabouchi Project

Mining News - Published on Wed, 20 Nov 2019

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Nemaska Lithium has provided an update on its Whabouchi Project and the status of its ongoing efforts to complete the project financing. Guy Bourassa, President and CEO of Nemaska Lithium, said "We continue working with Pallinghurst and our other strategic partners on completing an optimized project financing structure to be submitted to the shareholders' approval as soon as possible. Over the past month, our teams have worked diligently to prepare the sites for temporary shutdown, in anticipation of an orderly resumption of activities that will minimize delays once financing has been secured and the construction schedule is confirmed"

This update follows the filing, on November 14, of the financial statements and Management Discussion and Analysis for the first quarter, ended September 30, 2019, of its financial year.

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Posted By : Rabi Wangkhem on Wed, 20 Nov 2019
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