Canadian Mining Journal


Nemaska Lithium prepares for a big year at Whabouchi

VANCOUVER — Buzz continues to build around an impending supply deficit in the global lithium market, and that’s music to the ears of management at Nemaska Lithium (TSXV: NMX; US-OTC: NMKEF), which is closing in on a construction decision at its Whabouchi project 300 km due northwest of Chibougamau, QC.

Nemaska has actually been in the lithium business since late 2009, and that head start has positioned it with one of only three permitted projects worldwide. The company released an updated feasibility study (FS) on Whabouchi in early April, which was headlined by an optimized flowsheet and the relocation of the operation’s hydromet plant from Salaberry-de-Valleyfield to Shawinigan, QC.

“I think there was something like 150 junior companies around the world trying to find the next big deposit. The price subsequently slumped a bit, and the result was that up until recently there were only a handful of lithium projects that we’d classify as active. We were one of them,” explained president and CEO Guy Bourassa during an interview.

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