Lithium Universe Limited (ASX:LU) announced that the Bécancour Lithium Refinery Project is advancing well and remains on track. Key development milestones delivered include finalisation of the plant layout, issuance of technical specifications for capex estimation, and progress on supplier quotation activities. Environmental site visits and studies are ongoing, with no significant issues identified. Hatch’s transition from Brisbane to Montreal offices is smoothly underway, ensuring continuity in project management. Early contractor engagement and strategic risk assignment are mitigating potential delays. Overall, the project is adhering to its timeline, with significant progress in engineering and procurement, ensuring readiness for a capital cost estimate and commitment to ensure environmental compliance with the regulatory framework.
- Project is advancing well and remains on track
- Engineering milestones include plant layout, equipment packages, datasheets, scopes of work, and specifications
- Procurement priority one packages for quotes about 60% complete
- Early contractor engagement and strategic risk assignment
- Environmental work is progressing with no show-stoppers identified to date
- Strong engagement from Federal, Provincial and Local Government
- Bécancour Lithium Refinery well aligned with Provincial strategy
- Mature local government support and project understanding
Lithium Universe Chairman, Iggy Tan said, “The project is on track, finalizing plant layout, issuing capex specs, progressing supplier quotes, with smooth office transition, and no environmental issues, ensuring readiness for capex cost estimate. The reception from Federal, Provincial and Local Government delegates has left a very positive impression on the LU7 Board of Directors. The region has made strong commitments since releasing the Critical Minerals Strategies four years ago and we have seen that in the significant investments made within the battery supply chain and pragmatic discussions held with key government executives. We look forward to advancing the Company’s Bécancour Lithium Refinery to contribute in making Québec the lithium conversion centre within the Transatlantic region.”