Nemaska Lithium Inc. released the results of its updated National Instrument (NI) 43–101 Technical Report on the Whabouchi mine and Shawinigan electrochemical plant. Assuming a 100% Project equity financing, the Report shows a before-tax IRR % and NPV (@ 8% discount) of 30.3% and CAD 3.1 B, respectively and an after-tax IRR % and NPV (@ 8% discount) of 27.4% and CAD 2.3 B, respectively. These NPV and IRR calculations exclude sunk costs of ~CAD 340 M, as per NI 43–101 standards. It is assumed that the financing would be in place in order for construction to resume in November 2019, which would lead to a start of production in June 2020 for Whabouchi and in November 2021 for the Plant. Updated Report at a Glance: Following an update of the geological model and detailed mine planning, the Report confirms a revised estimated annual production of approximately 205,000 tonnes of concentrate from Whabouchi and an annual production of approximately 37,000 tonnes of high-quality lithium hydroxide monohydrate at the Plant; assuming Nemaska Lithium will purchase lithium sulfate monohydrate (LSM) and/or concentrate when needed to achieve nameplate capacity. The company has made the decision to focus on lithium hydroxide production at its Plant; however, the Corporation will have the capacity in the future to add, as needed, the equipment required to also produce lithium carbonate should the market demand justify it. The advancement of detailed engineering since June 2018 and the optimizations performed during the preparation of the Report have significantly de-risked the Project. Including the costs related to the ramp-up and start-up of operations, the updated overall Project average OPEX are estimated to total CAD 5,223 (USD 4,018) per tonne of lithium hydroxide monohydrate (LiOH-H2O) produced from the Whabouchi concentrate. The OPEX per tonne of concentrate (6.25% Li2O) delivered at the Plant is estimated at CAD 452 (USD 347) on average during the life of mine (LOM). For the Plant, the overall estimated OPEX for the conversion of concentrate from the Whabouchi mine would be of CAD 2,513 (USD 1,933) per tonne of lithium hydroxide monohydrate (LiOH-H2O) on average over the life of the Project.