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.
Financial terms of the deal were not disclosed.