On August 29, 2022, Lithion Technologies Inc. (Lithion) completed its Series A equity financing for an amount of approximately $125 million. This Series A equity financing was led by IMM Investment Global Limited and supported by a group of investors that included Investissement Québec, General Motors Ventures LLC, Fondaction and its managed fund, Fonds d’investissement LCC SEC. Norton Rose Fulbright acted as counsel for Lithion.

Lithion will use the new capital to move forward with the construction and commissioning of its first commercial separation plant in Quebec (also known as “Shredding Plant”), the opening of a Technology Development Center, and the completion of engineering studies related to eventual construction of Lithion’s hydrometallurgy plant (also known as “Hydromet Plant”).

The Norton Rose Fulbright team included Mathieu Deschamps, Nikita Stepin, Martin Masse, Antoine Desroches, Demian Barbas, Pier-Olivier Poisson, Charles St-Pierre, Carl Boulva and Carl Trudeau.

Torys acted for MM Investment Global Limited with a team led by Ana-Ioana Ioanas and Guillaume Lavoie.

BCF acted for Investissement Québec with a team led by Audrey St-Pierre and Charles-Antoine Dorion.

Honigman LLP acted for General Motors Ventures LLC with a team led by David N. Parsigian.

Cabinet St-Arnaud acted for Fondaction with a team led by François St-Arnaud.