Date Closed

April 12, 2018

Lead Office

Toronto

Value

150.00 Million USD

On April 12, 2018, Nemaska Lithium Inc. ("Nemaska") announced that it has entered into a US$150 million streaming agreement with Orion Mine Finance II LP. The deal is part of Nemaska's overall financing project and will allow the company to secure approximately C$1.1 billion in financing to fund the construction and commissioning of Nemaska’s Whabouchi Mine in Quebec and its Shawinigan plant. The streaming agreement will provide for the sale and delivery to Orion of 14.5% on all lithium hydroxide and lithium carbonate produced at the Shawinigan plant of Nemaska and sold to third parties.

Nemaska is a Quebec-based developing chemical company that focuses on commercializing high-purity lithium hydroxide and lithium carbonate. Nemaska is developing in Quebec one of the most important spodumene lithium hard rock deposit in the world, both in volume and grade.

Orion Mine Finance Group is a private equity firm that focuses on delivering customized financial solutions to base & precious metals mining companies.

McCarthy Tétrault advised Nemaska as ongoing project counsel with a team that included Philippe Fortier, Christopher Langdon, Louis-Nicolas Boulanger, Claire Gowdy, Adam Wanke and Martin Thiboutot (Business), Robert Nearing (Tax), Dominique Amyot-Bilodeau (Environmental), and Danielle Drolet (Real Estate).