Nemaska Lithium and Johnson Matthey Expand Lithium Hydroxide Supply Agreement
Yahoo/Posteingang
Nemaska Lithium Inc.
28. März um 08:26
Nemaska Lithium and Johnson Matthey
Expand Lithium Hydroxide Supply Agreement
QUÉBEC CITY, QUÉBEC, MARCH 27, 2019 – Nemaska Lithium Inc. (the “Corporation”) (TSX: NMX) (OTCQX: NMKEF) (Frankfurt: N0T) is pleased to announce that it has modified and expanded its existing long-term supply agreement (announced May 11, 2016) for battery grade lithium hydroxide with Johnson Matthey Plc (LSE: JMAT) (www.matthey.com).
Under this amended agreement, Nemaska Lithium agrees to supply Johnson Matthey, on a take-or-pay basis and through its wholly-owned subsidiary Nemaska Lithium Shawinigan Transformation Inc., a total of 61,000 tonnes of lithium hydroxide produced at the Corporation’s commercial plant in Shawinigan, for an initial 10-year supply period scheduled to start in 2021. 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.
To date, Johnson Matthey received over 80 tonnes of battery grade lithium hydroxide solution from Nemaska Lithium’s Phase 1 Plant in Shawinigan and started receiving lithium hydroxide monohydrate earlier this month.*
Guy Bourassa, President and CEO of Nemaska Lithium said, “Johnson Matthey has been a long-term and valued partner and customer of Nemaska Lithium. Our relationship began in 2015/2016 with the financing and construction of the Phase 1 Plant and we are delighted to be expanding on our initial commercial supply contract.”
*Production from the Phase 1 Plant is not included in the commercial supply agreement announced today.