Nemaska company Quebec Lithium has said it needs an additional CAD375m ($284m) for the Whabouchi lithium mine. As some analysts downgraded Quebec's rating, others said the SoftBank-backed firm could turn to investors for support but risked diluting its shares. Experts said the firm's unrestricted cash balance could allow it to generate cash flows by increasing spodumene production at Whabouchi, but it would need to discuss that option with off-take partners.
Quebec company Nemaska Lithium has said it needs an additional CAD375m ($284m) for the Whabouchi lithium mine. As some analysts downgraded Nemaska's rating, others said the SoftBank-backed firm could turn to investors for support but risked diluting its shares. Experts said the firm's unrestricted cash balance could allow it to generate cash flows by increasing spodumene production at Whabouchi, but it would need to discuss that option with off-take partners.