Just when you thought things couldn't get much worse for the already battered and bruised lithium sector, here comes Nemaska Lithium (NMKEF) to blindside the market this week by announcing that the company will need to raise an additional C$375 million in order to complete construction work at the Whabouchi Project (for both the mine and electrochemical plant).
Here are more details of what happened, according to the company.
From Mining.com:
The additional funding is largely related to installation and indirect costs, said the company. Direct purchase package costs — mainly equipment