Nemaska Lithium Inc. and Johnson Matthey Battery Materials Ltd. signed an agreement for a $12M Up-Front Payment for the Phase 1 Plant
May 11, 2016
12.00 Million CAD
On May 11, 2016, Nemaska Lithium Inc. (“Nemaska”), its subsidiaries and Johnson Matthey Battery Materials Ltd. (“JMBM”) entered into an agreement pursuant to which JMBM will pay an up-front payment of C$12 million to Nemaska in exchange for services and products from Nemaska’s Phase 1 Plant.
The C$12 million disbursed by JMBM completes the financing of the Phase 1 Plant of Nemaska in an aggregate amount of C$38 million.
Nemaska is a Canadian lithium company listed on various exchanges, including the TSX.
McCarthy Tétrault LLP advised Nemaska with a team led by Louis-Nicolas Boulanger (Business) that included Daniel Bénay , Karina Gagnon and Martin Thiboutot (Business), Danielle Drolet (Real Property and Planning) and Dominique Amyot-Bilodeau (Environmental).