I just found out that Guy Bourassa, the CEO of Nemaska Lithium is going to be our speaker on Friday, June 30. PLEASE register if you plan to attend.
Mr. Bourassa is President and CEO of Nemaska Lithium Inc. since the Company’s inception in 2008, bringing more than 30 years of experience in the mining industry to this role. Among other things he was instrumental in identifying and negotiating the acquisition of the Whabouchi lithium property and securing over $150 million through different types of financing to develop the Whabouchi project. Through his leadership, the Company brought an historical lithium showing to a world class deposit and has developed new innovative processes of producing high purity lithium hydroxide and lithium carbonate, which should allow Nemaska to become a world leader in these lithium salts markets. Mr. Bourassa is a recognized industry expert on lithium exploration and development and has spoken at numerous national and international conference. Throughout his career, Mr. Bourassa has been involved in exploration and mining companies as President and CEO, legal counsel and in-house corporate counsel and director. These companies were producers of gold, copper, calcite and dolomite. Mr. Bourassa holds a law degree from Université Laval.
Nemaska's mine in Northern Quebec has started producing lithium hydroxide and the mine should be fully operational within 9 months.
June 20, 2017 Press Release
Nemaska Lithium Inc. ("Nemaska Lithium" or the "Corporation") (TSX:NMX)(OTCQX:NMKEF) and Johnson Matthey Plc (LSE:JMAT) (www.matthey.com) announced today that a second shipment of 3.5t of lithium hydroxide has been sent to Johnson Matthey. Both Johnson Matthey and Nemaska Lithium confirm that this shipment meets Johnson Matthey's lithium hydroxide specifications.
"We are very pleased to have delivered a high quality lithium hydroxide product that meets the stringent specifications of Johnson Matthey, a large and globally recognized cathode manufacturer for lithium-ion batteries," commented Guy Bourassa, President and CEO of Nemaska Lithium. "The Phase 1 Plant installation and commissioning has gone very well as evidenced by this delivery of product. We look forward to sending other customers lithium salts this summer for evaluation."
In addition, Nemaska Lithium wishes to provide an update on the Phase 1 Plant Operations.
Phase 1 Plant Commissioning Update
Below are the steps that have been completed to date as well as upcoming steps:
Step 1 - Pressure Testing and Electrical Systems Start-up - Completed
Step 2 - Membrane Electrolysis Start-Up - Completed
Step 3 - Hydromet Start-Up - Completed
Step 4 - Lithium Hydroxide Samples sent to Johnson Matthey - Completed
Step 5 - Crystallization - Completed
The crystallization section of the Phase 1 Plant has been installed and is processing lithium hydroxide solution into lithium hydroxide salts which are meeting customer specifications.
Step 6 - Lithium Hydroxide from Whabouchi Concentrate - Underway
As previously reported, Nemaska Lithium is producing greater than 6% Li2O spodumene concentrate from a mine representative bulk sample taken from the eastern section of the proposed open pit at the Whabouchi Mine (press releases of April 4 and May 3, 2017). This concentrate will be converted into lithium sulfate and further processed into lithium hydroxide or lithium carbonate salts.
Installation of the calcination system and the acid baking process is scheduled to be complete by the end of June 2017. These systems will be commissioned starting in July and Nemaska Lithium expects to be producing battery grade lithium hydroxide samples from concentrate thereafter. These samples will then be sent to numerous potential customers globally for evaluation and qualification.
A simplified flow sheet highlighting the sections of the Phase 1 Plant which should be fully commissioned and in production this summer 2017 is available at the following address: http://www.marketwire.com/library/20170 ... p6_lrg.jpg
Join Jean-François Magnan, Technical Manager and Nicolas Laroche, Electrochemical Process Optimization Engineer, for an explanation on Nemaska Lithium's innovative process. Click here for video: https://vimeo.com/212808490/2d7e938bf8
About Johnson Matthey
Johnson Matthey is a global speciality chemicals company underpinned by science, technology and its people. A leader in sustainable technologies, many of the group's products enhance the quality of life of millions through their beneficial impact on the environment, human health and wellbeing. The group focuses on clean air, clean energy and low carbon technologies and is an expert in the application and recycling of precious metals. Johnson Matthey has operations in over 30 countries and employs around 13,000 people. Its products and services are sold across the world to a wide range of advanced technology industries.
About Nemaska Lithium
Nemaska Lithium intends to become a lithium hydroxide and lithium carbonate supplier to the emerging lithium battery market that is largely driven by electric vehicles, cell phones, tablets and other consumer products. The Corporation is developing in Quebec one of the most important spodumene lithium hard rock deposit in the world, both in volume and grade. The spodumene concentrate produced at Nemaska Lithium's Whabouchi mine will be shipped to the Corporation's lithium compounds processing plant to be built in Shawinigan, Quebec. This plant will transform spodumene concentrate into high purity lithium hydroxide and carbonate using the proprietary methods developed by the Corporation, and for which the Corporation holds four granted patents and several patent applications that are pending in different countries, covering different aspects and improvements of its proprietary technology for preparing high purity lithium hydroxide and carbonate.
Hess Club Luncheon on Friday, June 30
Hess Club Luncheon on Friday, June 30
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group
Re: Hess Club Luncheon on Friday, June 30
The world’s demand for lithium is projected to be 534,000 metric tonnes by 2025. That represents a 300% increase from today.
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group