Central America Nickel Iran n Apple
Montreal is seeking to cancel the sale of the La Corn mines to Sanona Quebec and its American partner Piedmont Lithium. The transaction was approved by the High Court of Quebec on Tuesday.
Central America Nickel announced Friday morning that it would take legal action before the Quebec Court of Appeal to overturn Judge Martin Gostongue’s decision. The latter rejected the request to cancel the sale, replace the controller and restart the new tendering procedure.
In his judgment, Justice Costongue argued that the monitor had a very broad mandate and that bidders were treated fairly and in the best interests of those involved in the transaction.
Central America Nickel firmly believes that the sales process overseen by Controller Raymond Sabot has been compromised by various irregularities. The company, which is one of only two eligible finalists, says the process is fair and unfair to all bidders.
Ziona Quebec denounces that it has not done secondary lithium conversion in Quebec for five years, while exporting its lithium concentrations to the United States.
The supply of nickel from Central America represented the best option for Quebec with excellent revenues for Quebec, with immediate replacement of lithium in the province and additional processing of rare earths, cobalt and nickel. In addition, we made sure that our project was highly competitive from a financial and technical point of view.Pierre Gautier, president and chief executive officer of Nickel, Central America, said in a statement.