Nemaska Lithium Inc. said May 10 that it priced and closed the books on the senior secured callable bonds offering that was announced in April, raising the full amount of US$350 million.
The offering is part of a fundraising for up to US$825 million to build the Whabouchi lithium project in Quebec.
The company said the bonds are U.S. dollar-denominated with a five-year term and bear 11.25% interest per annum with quarterly interest payments starting at the end of August.
Nemaska expects to settle the offering around May 30.
