🍀SoftBank Group Corp. to Invest in Canada’s Nemaska Lithium Inc.

By Batteries, Energy

🍀SoftBank Group Corp. to Invest in Canada’s Nemaska Lithium Inc.

April 6, 2018
SoftBank Group Corp.

SoftBank Group Corp. (“SoftBank”) today announced a definitive agreement under which SoftBank will invest in the Canadian lithium company, Nemaska Lithium Inc. (“Nemaska”) (TSX-NMX). Under the agreement, SoftBank will acquire a stake of up to 9.9% in Nemaska.

Nemaska is developing the Whabouchi mine in Québec, Canada, one of the richest spodumene hard rock lithium deposits in the world and is building a lithium electrochemical plant (refining plant) at Shawinigan, which is expected to start commercial production of high-purity lithium hydroxide and lithium carbonate in the latter half of 2020.

https://www.softbank.jp/en/corp/news/press/sb/2018/20180406_01/

https://www.softbank.jp/corp/set/data/news/press/sb/2018/20180406_01/pdf/20180406_01.pdf

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