Finance > Project-finance

Tech firm SoftBank invests in Nemaska Lithium

In another case of a technology company ensuring access to battery raw materials, SoftBank Group has agreed to invest up to C$99.1 million (US$77.6 million) in Nemaska Lithium (CN:NMX) for up to a 9.9% stake in the lithium company.

Staff reporter

Finance > Project-finance

Tech firm SoftBank invests in Nemaska Lithium

In another case of a technology company ensuring access to battery raw materials, SoftBank Group has agreed to invest up to C$99.1 million (US$77.6 million) in Nemaska Lithium (CN:NMX) for up to a 9.9% stake in the lithium company.

Staff reporter

Tech firm SoftBank invests in Nemaska Lithium

The funds will be used to fund Nemaska's Whabouchi lithium project

The private placement at $1.12 per common share subscription receipt is part of Nemaska's overall project financing plans to raise US$775-825 million to fund the construction and commissioning of its Whabouchi mine and Shawinigan plant project in Quebec, Canada, as well as for general working capital.