Four of the six grinding mills, which are the main process equipment, were delivered in the city of Baie-Comeau. Two press filters as well as the last two mills are currently on their way.

The pre-construction work has been advancing as well, notably with the completion of the wood clearing at the mine site of Lac Guéret. The company has also reported that all permits underlying the decree required to begin ground construction at both mine site and plant site have been obtained.

Micronisation and rounding equipment for the upcoming lithium-ion battery spherical graphite pilot plant are also under way; they should be received by the end of February and should be operational in March.

In addition, financing discussions are progressing well and the company is maintaining its goal of beginning full-scale construction efforts in the June quarter.