Canadian Mining Journal

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LITHIUM DEAL: Nemaska signs off-take deal for lithium hydroxide with Phostech

QUEBEC CITY – Nemaska Lithium and Phostech Lithium have signed the first off-take and collaboration agreement for lithium hydroxide from Nemaska’s Whabouchi mine in the James Bay region of Quebec. The signatories will determine the...



QUEBEC CITY – Nemaska Lithium and Phostech Lithium have signed the first off-take and collaboration agreement for lithium hydroxide from Nemaska’s Whabouchi mine in the James Bay region of Quebec. The signatories will determine the economic and technical feasibility of tailoring the product according to Phostech’s specifications.

The news of this deal comes on the heels of a positive preliminary economic assessment for the Whabouchi open pit and a processing plant near Montreal (see CMJ’s Daily Headline News for Oct. 3, 2012).

“This is our first agreement with an end user and we are delighted to be working with Phostech, a division of Clariant, a large established multinational organization that focuses on speciality chemicals including battery cathode material manufacturing,” commented Nemaska president and CEO Guy Bourassa. “This agreement will accelerate our decision to build a Phase I lithium hydroxide plant which will also be used as a marketing tool to discuss with other potential customers.”

Phostech recently opened its facility in Quebec that produces the Life Power® P2 C-LiFePO4, a safe, high power cathode material for rechargeable lithium-ion batteries used in hybrid and electric vehicles, solar and wind energy storage and power tools. (PhostechLithium.com)