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Nemaska Lithium has entered an option agreement to purchase 500,000m² of land in Bécancour for a chemical conversion facility aimed at producing battery-grade lithium hydroxide. This facility will integrate with Nemaska's Whabouchi mine, leveraging direct access to a deep-water port and simplifying the construction process. The chairman of the board emphasized this development as a significant milestone in promoting the battery materials industry in Quebec. The project supports the growing demand for lithium due to electric vehicles and energy storage.