AGREEMENT REACHED TO ACQUIRE LITHIUM NORTH AMERICA

Sayona Quebec and Piedmont Lithium, two companies with expertise in lithium, have reached an agreement with Investissement Quebec to acquire the assets of Lithium North America. The latter, being able to produce lithium carbonate which is an essential element in the manufacture of electric batteries.

This should lead to the creation of a lithium battery for electric vehicles 100% Quebec. 

In a press release, the Minister of Economic Development, Innovation and Export Trade, Pierre Fitzgibbon, said “This agreement enables the ore extracted from the La Corne mine to be converted and transformed into lithium hydroxide here in Quebec. It contributes to our goal of producing the cleanest battery in North America here in Quebec. Piedmont Lithium’s proximity to electric vehicle producers in the U.S. brings significant value to our strategy from ore to battery. “