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The Shawinigan Site will house Nemaska Lithium's Phase 1 Plant and the future Commercial Hydromet Plant that will convert spodumene concentrate into high purity lithium hydroxide and lithium carbonate. The first tranche was put in escrow at the ature of the purchase agreement and should be released once the Corporation receives the construction permit for the Phase 1 Plant. The second tranche will be paid closer to the construction start date of the Commercial Hydromet Plant, once the construction permits are obtained. Nemaska Lithium selected the site baton rouge meg escort several key factors including: excellent sscort and state of existing buildings, ificantly reducing capital costs and time over new construction options; existing and ready to use infrastructure required for the operation, including natural gas, electric power station and railway; and escort shawinigan proximity of Shawinigan to the Whabouchi mine site, keeping concentrate transportation costs low. The Corporation is developing in Quebec one of the most important spodumene lithium hard rock deposit in eacort world, both in volume and grade.
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