RE:RE:RE:Onward and UpwardA little Canadian News
Under this agreement, Nemaska Lithium agrees to supply LG, on a take-or-pay basis and through its wholly-owned subsidiary Nemaska Lithium Shawinigan Transformation Inc., with 7,000 tonnes per year of lithium hydroxide produced at the Corporation’s commercial plant in Shawinigan, for an initial 5-year period scheduled to start in October 2020. Nemaska Lithium is entitled, if ever necessary, to reschedule the commencement of the supply period, within certain parameters set out in the agreement and based on the anticipated commissioning, ramping up and production start date for the Shawinigan plant.
With this additional off-take agreement and taking into account the right of first offer granted to SoftBank Group to purchase up to 20% of production, Nemaska Lithium has now committed or has agreement in principle in place for over 90% of its anticipated 33,000 tonnes/y LCE capacity.
As far as I know Nemaska and North American Lithium are the only two Lithium producers here in Canada although a few others are still doing exploration.
North American Lithium located near Val Dor Quebec was formaly known as Quebec Lithium .. I have arrainged transportation of Milling Equipment from the USA for North American as they try and upgrade the old operation they bought.. Yes with a Partner from China.
Looks like many Asian companies are positioning themselfs for future and ever increasing Lithium Demand..
I fully expect that others are keeping a very close eye on Cypress and we will soon see some movement upward with the upcoming
Preliminary Economic Assessment
Long and strong here