Nemaska inks $150 mln lithium streaming deal with Orion
Québec City-based lithium company Nemaska Lithium Inc (TSX: NMX) has struck a US$150 million streaming deal with Orion Mine Finance Group, a U.S. mining private equity firm. The transaction forms part of a financing package of up to US$825 million intended for the construction, commissioning, working capital and reserve funds for the company's Whabouchi lithium mine and Shawinigan electrochemical plant. It provides for the sale to Orion of 14.5 percent on all lithium hydroxide and lithium carbonate produced. Reuters last week reported on Nemaska's deal with Orion, noting that Orion may also commit debt funding. SoftBank Group Corp has also invested.
13 April 2018•4 mins read
