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Livent to buy Pallinghurst's Nemaska stake

Specialty chemicals producer Livent has agreed to double its ownership interest in Nemaska Lithium to 50% by buying out the interest held by The Pallinghurst Group in Quebec Lithium Partners (QLP), for 17.5 million Livent shares in a deal valued at US$374 million.

Livent to buy Pallinghurst's Nemaska stake Livent to buy Pallinghurst's Nemaska stake Livent to buy Pallinghurst's Nemaska stake Livent to buy Pallinghurst's Nemaska stake Livent to buy Pallinghurst's Nemaska stake

Nemaska Lithium's Shawinigan plant in Quebec, Canada

Livent agreed to form QLP, a 50:50 joint venture with The Pallinghurst Group, in late 2020, which took a 50% ownership of the Nemaska lithium project development project in Quebec and Ontario, Canada,