TORONTO/VANCOUVER (Reuters) - Canada’s Nemaska Lithium Inc (NMX.TO) is in talks with U.S. private equity firm Orion Mine Finance Group on a lithium streaming deal, a type of specialized mining finance, according to people familiar with the transaction.
Nemaska announced late Thursday that Japan’s SoftBank Group Corp (9984.T) will buy a stake of up to 9.9 percent in the company and invest up to C$99.1 million ($78 million) in a private placement. Nemaska and Orion declined to comment on the streaming deal. Sources declined to be identified as the talks are confidential.
Reporting by Susan Taylor in Toronto and Nicole Mordant in Vancouver