Nemaska Lithium Advances Environmental Permitting on Whabouchi
May 5, 2014 (Source: Marketwired) — Nemaska Lithium Inc. («Nemaska» or the « Corporation») (TSX VENTURE:NMX)(OTCQX:NMKEF) is pleased to announce that it has completed its responses to all questions raised from both the Canadian Environmental Agency (CEA) and the Quebec Review Committee (COMEX) after their review of Nemaska’s Environmental and Social Impact Assessment on the Whabouchi mine and concentrator filed in April 2013.
The CEA held public consultations in the Cree community of Nemaska on the project in November 2013. Once the COMEX has completed its review of the information provided by the Corporation, and is satisfied with same, the COMEX will be ready to hold public hearings. These are the final steps before the ministry of Sustainable Development, Environment, and The Fight Against Climate Change can grant a general certificate of authorization for the project.
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“With the feasibility study nearing completion, we were able to answer the questions from both the Federal and Provincial authorities,” commented Guy Bourassa President and CEO. “This is an important step toward completing the permitting process for the Whabouchi Mine.”
Nemaska intends to become a lithium hydroxide/carbonate producer based in Quebec and has filed patent applications for its proprietary methods to produce lithium hydroxide and lithium carbonate. In tandem, the Corporation is developing one of the richest spodumene lithium hard rock deposit in the world, both in volume and grade. Spodumene concentrate produced at Nemaska’s Whabouchi mine and from other global sources will be shipped to the Corporation’s lithium hydroxide/carbonate processing plant to be built in Salaberry-de-Valleyfield, Quebec. This plant will transform spodumene concentrate into high purity lithium hydroxide and lithium carbonate mainly for the growing lithium battery market.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
The statements herein that are not historical facts are forward‐looking statements. These statements address future events and conditions and so involve inherent risks and uncertainties. Actual results could differ from those currently projected. The Corporation does not assume the obligation to update any forward‐looking statement.
Raj Shah has professional experience working for over a half a dozen years at financial firms such as Merrill Lynch and First Allied Securities Inc., ... <Read more about Raj Shah>