At the recent Vancouver Resource Investment Conference, the Investing News Network had the chance to speak with Guy Bourassa, president and CEO of Nemaska Lithium (TSXV:NMX,OTCQX:NMKEF), about the company’s Whabouchi lithium project in Quebec.
In 2015, Nemaska hit several key milestones, securing both federal and provincial environmental approvals for Whabouchi, as well as an agreement with Johnson Matthey Battery Materials.
Now, the company is looking to raise approximately $500 million to build the Whabouchi mine, and plans to complete its Phase 1 lithium hydroxide plant this year. Bourassa went over some of the company’s plans for financing, also speaking about highlights from the past year and what to expect from Nemaska in 2016. Overall, he agreed that support from the Quebec government has been key for the company.
Watch the video above for more of what he had to say.
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Securities Disclosure: I, Teresa Matich, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.
Nemaska Lithium is a client of the Investing News Network. This article is not paid for content.
Related reading:
VRIC 2016, Day 1: Notes from the Floor
VRIC 2016, Day 2: Notes from the Floor
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