Nemaska retains only about 30 employees

Embattled project developer Nemaska Lithium has announced a further reduction of its workforce as a restructuring continues under creditor protection entered into last month.

The company on Monday announced that another 29 people would be laid off, leaving the organisation with little over 30 employees.

Nemaska in December moved to seek creditor protection, as the company continued talks with mine financier the Pallinghurst Group to secure up to C$600-million to advance the Whabouchi project, in Quebec.