Nemaska Lithium has purchased a site and begun clearing land in Bécancour, Que., for construction of what could become Canada’s first processing plant capable of producing battery-grade lithium for electric vehicles.
The company, which is jointly owned by provincial investment firm Investissement Québec and U.S.-based chemical company Livent Corp., announced it had finalized the purchase of a plot of land from the Société du parc industriel et portuaire de Bécancour in early January.Nemaska plans to build a lithium hydroxide conversion plant that would process lithium-rich spodumene mined at its Whabouchi mine in northern Quebec into a form ready to be used in EV batteries at the site.
Nemaska’s planned hydroxide plant in Bécancour joins a series of other battery materials projects that are either proposed or under construction in the fast-growing battery hub midway between Montreal and Quebec City. “We are confident that we will be able to obtain these authorizations as the various works progress,” she wrote in an email.
According to Livent’s most recent public disclosure, capital expenses for the hydroxide plant will run to between US$650 million and $750 million. Work on the mine will cost as much as $300 million, the company told investors in November. It noted the sources of funding have not yet been determined.
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