Lithium Universe (ASX:LU7) partners with W8banaki Nation to advance Bécancour Lithium Refinery in Québec, Canada
August 20, 2024Lithium Universe Limited (ASX:LU7) has announced a significant partnership with the W8banaki Nation to form a joint committee that will oversee the development of the Bécancour Lithium Refinery in Québec, Canada.
This collaboration is a strategic move aimed at ensuring the project is developed with respect for the traditional custodians of the land and leveraging the W8banaki Nation’s expertise in the battery supply chain and chemicals industry.
Key Highlights:
Formation of a Joint Committee: Lithium Universe and the W8banaki Nation have established a joint committee to provide a structured framework for discussions and decision-making related to the Bécancour Lithium Refinery project.
The committee, consisting of representatives from both parties, will serve as the primary forum for communication, manage project schedules, and ensure culturally safe collaboration.
Collaboration on Environmental Impact Assessment: The W8banaki Nation will actively participate in the environmental assessment process of the Bécancour project.
This involvement will ensure that the Rights and Interests of the W8banakiak are fully considered.
Both parties will work together to develop an Impact Analysis, a critical component of the comprehensive environmental impact study required for the project.
Strategic Project Location: The Bécancour Lithium Refinery is strategically located in the Bécancour Waterfront Industrial Park (BWIP), south of Trois-Rivières, Québec.
The site benefits from excellent logistical connections, including proximity to major highways, rail services provided by Canadian National Railway (CN), and year-round port operations.
This location positions the refinery to play a key role in North America’s burgeoning lithium supply chain.
Lithium Universe Chairman, Iggy Tan said:
“It has been a pleasure to get to know the W8banaki representatives over the past few months. The W8banaki representatives are a very practical group who have a deep understanding of the battery supply chain, having extensive experience managing similar committees and impact assessment studies for our battery-focused neighbours in the Bécancour Industrial Park. The W8banakiak are a key stakeholder for our Bécancour Lithium Refinery, and we look forward to learning more about the Nation in the coming years while building this critical project alongside the community.”
This partnership underscores Lithium Universe’s commitment to developing its projects in a manner that respects and incorporates the knowledge and interests of local communities.
The collaboration with the W8banaki Nation is expected to enhance the project’s success while fostering a long-term, mutually beneficial relationship.
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