QUEBEC CITY, QUEBEC–(Marketwired – Feb. 13, 2017) – Nemaska Lithium Inc. (“Nemaska Lithium” or the “Corporation”)
(TSX:NMX)(OTCQX:NMKEF) announced today that it has received a $3M installment payment from Johnson Matthey Battery Materials Ltd (“JMBM”) of Candiac, Québec, a wholly owned subsidiary of Johnson Matthey Plc (LSE:JMAT) (www.matthey.com). The installment payment was made after JMBM’s review and acceptance of the Operation Manuals for the Phase 1 Plant and receipt by Nemaska Lithium of the certificate of authorization to operate the Phase 1 Plant. The existing agreement between JMBM and Nemaska Lithium, announced on May 11, 2016, provides for an aggregate $12M advance payment for goods and services. The final $3M milestone installment will be payable by JMBM following receipt of battery grade lithium hydroxide from Nemaska Lithium.
