Lithium Universe (ASX:LU7) is reportedly over the moon progress with its Bécancour Lithium Refinery Project in Québec remains on track with the layout of the plant being finalised among other works.
Chairman Iggy Tan says upcoming key milestones include finalising issuing technical specifications for capex estimation and progressing with supplier quotation activities.
“The project is on track, finalising plant layout, issuing capex specs, progressing supplier quotes, with smooth office transition, and no environmental issues, ensuring readiness for capex cost estimate,” Tan says.
“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.”
Lithium Universe reports environmental site visits and studies are ongoing, with no significant issues identified.
Hatch’s transition from Brisbane to Montreal offices is reportedly 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,” the company reports.
The company says the highest priorities for the next few months include finalising the environmental permitting and approvals program, which entails completing the initial field survey, briefing with the Ministry, finalising the phase one report, and preparing the first application.
Engineering work necessary for the environmental permit application is also a top priority, focusing on civil design, updated plant layout, and water management strategy. In parallel, equipment procurement will involve preliminary engineering, securing vendor proposals, and establishing schedules.
Confirming the treatment of process effluent and site runoff is crucial for environmental compliance. Additionally, starting civil and structural engineering work is essential to maintain project momentum.
Finalising the plant layout will ensure all components are correctly positioned and integrated. Lastly, execution phase planning will be progressed, contingent on the monthly budget, to ensure that all activities are appropriately funded and scheduled for efficient project advancement.
In February 2024, Lithium Universe executed an option agreement to acquire a refinery site strategically located within the Bécancour Waterfront Industrial Park (BWIP). The site in Bécancour, close to Trois-Rivières, lies between Montreal and Québec City and is near major highways and railways.
The Port of Bécancour supports year-round operations with deep-water access. The site offers low-cost hydroelectric power, robust infrastructure, and comprehensive water and waste facilities, ideal for the proposed Lithium Refinery.
Write to Adam Orlando at Mining.com.au
Images: Lithium Universe
