Nemaska and Pallinghurst aim to complete investment by year-end

Canadian lithium project developer Nemaska Lithium appears confident that it will close a C$600-million investment deal with global investor Pallinghurst Group to complete the over-budget Whabouchi mine and Shawinigan electrochemical plant in Quebec.

Nemaska CEO Guy Bourassa said on Tuesday that the company had worked “assiduously” with Pallinghurst on the investment proposal.