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Softbank to buy 10% stake in Canadian lithium company

Mon, 04/16/2018 - 10:51 -- John Shepherd
Softbank to buy 10% stake in Canadian lithium company

Japanese holding company SoftBank has signed an agreement to acquire a stake of up to 9.9% in Canada’s Nemaska Lithium.

SoftBank said the undisclosed investment amount in the lithium development firm will help to meet growing demand for batteries uses in electric devices and electric vehicles.

 

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