The Elements of Innovation Discovered
The Elements of Innovation Discovered
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Above and beyond its agreement to sell cobalt hydroxide feed material to Electra Battery Materials Corp., Glencore has signed a five-year tolling contract for the use of Electra's refinery in Ontario to upgrade additional cobalt hydroxide into battery-grade cobalt. Glencore has been a strong supporter of Electra for a number of years, funding the initial engineering studies and providing technical input as the Canada-based company advanced development of its First Cobalt...
With mass production of batteries that store intermittent renewable energy and power electric vehicles being a vital component of the envisioned clean energy future, the Biden administration has authorized use of the Defense Production Act to bolster American supplies of these critical battery minerals and materials. "Specifically, the DPA will be authorized to support the production and processing of minerals and materials used for large capacity batteries – such as l...
Ontario has developed a mines-to-market critical minerals strategy that leverages rich stores of critical minerals in the northern reaches of the Canadian province, the already well-established mining sector found there, and the robust manufacturing sector that has been developed in the south. "The Critical Minerals Strategy is our government's blueprint to connect industries, resources and workers in our province's north to the future of manufacturing in the south as we...
Adding to a growing list of deals to source the materials and components needed for its vision to get everybody in on its transition to an all-electric future, General Motors is working with POSCO Chemical to develop a roughly $400 million plant in Quebec to produce cathode active material for Ultium batteries that will power GM electric vehicles such as the Chevrolet Silverado EV, GMC HUMMER EV, and Cadillac LYRIQ. Planning to have the capacity to build 1 million electric...
Intrigued by Electra Battery Materials Corp.'s vision of developing a hydroelectric-powered battery materials park in Ontario, Talon Metals Corp. has joined a partnership that will investigate the potential of using this emerging Canadian facility to upgrade nickel produced at its coming Tamarack Mine in Minnesota into the battery-grade nickel sulfate needed for the lithium-ion batteries powering electric vehicles. This partnership, which also includes the Ontario government a...
As the competition for supplies of the minerals and metals needed to build electric vehicles heats up, Tesla Inc. has cut a deal to secure the nickel for the lithium-ion batteries to power its future EVs from Talon Metals Corp.'s Tamarack project in Minnesota. Located 54 miles west of Duluth, the Tamarack project is slated to produce roughly 28 million pounds of nickel, plus 17 million lb of copper, per year over the first nine years of mining. Talon's commitment to reducing t...
An up to 18-million-pound (US$24 million) investment by global critical metals firm TechMet Ltd. is allowing Cornish Lithium Ltd. to accelerate its mission to provide domestic supplies of lithium and other battery metals from its projects in the United Kingdom's historic Cornwall mining region. "Cornish Lithium has reached an inflexion point in the company's development where larger scale investment is required," said Cornish Lithium CEO Jeremy Wrathall. "This funding...
In what can be considered the single largest purchase of electric vehicles in the world, Hertz Corp. has put in an initial order for 100,000 Tesla EVs by the end of 2022, along with investing in new charging infrastructure across the car rental company's global operations. In addition, Hertz has teamed up with seven-time Super Bowl champion Tom Brady to showcase how it is making EV rentals fast, seamless, and more accessible as the company accelerates its commitment to leading...
First Cobalt Corp. Sept. 3 announced the completion of a US$45 million financing that will help fund the upgrade and expansion of its battery-grade cobalt sulfate refinery in Canada. "With the completion of this financing, the First Cobalt project team can now accelerate long lead equipment orders for our Canadian battery materials refinery as we pursue our vision of becoming the most sustainable producer of battery materials," said Trent Mell, president and CEO of First...
Furthering its vision of developing an integrated lithium-ion battery park centered on its refinery in Ontario, Canada, First Cobalt Corp. reports that it has successfully extracted nickel, cobalt, copper, manganese, lithium, and graphite from a "black mass" product recovered from recycled batteries. In the lithium-ion battery recycling process, black mass is a powdery material that is produced by crushing or shredding the electrodes after the casing and other ancillary parts...
A mine that produced the nickel and cobalt needed for the lithium-ion batteries powering zero-emission electric vehicles and offering the added benefit of locking up carbon dioxide in rocks for geological time periods would be considered an optimum solution in the battle against global warming. Recent tests carried out at the University of British Columbia indicate the potential that Giga Metals Corp.'s Turnagain project in Northern BC could be one such greenhouse gas-absorbin...
Already positioned to be the first North American producer of the battery-grade cobalt being demanded by a rapidly growing electric vehicles market, First Cobalt Corp. has been awarded $600,000 in funding from the US Department of Energy's Critical Materials Institute for research on innovative techniques for recovering the cobalt and copper from its Iron Creek project in Idaho. Being matched equally by funds from First Cobalt, this $1.2 million interdisciplinary research...
Answering the Biden administration's call for industry input on the risks to battery supply chains in the United States, American Battery Metals Corp. said accelerating lithium-ion battery recycling and next-generation extraction technologies is one of the most efficient and environmentally friendly ways to increase the supply of the battery-grade nickel, cobalt, lithium, and other materials needed for the transition to electric vehicles. "Unlike fossil fuels, elemental...
Chains are only as strong as their weakest link, and two United States federal agencies have determined that cobalt is the weak link in North America's electric vehicle supply chain. First Cobalt Corp. is doing its part to strengthen this link by delivering the cobalt sulfate needed for the lithium-ion batteries that power EVs from its refinery in Ontario and exploring its cobalt-rich Iron Creek project in Idaho. With the First Cobalt refinery in Canada on pace to begin...
Looking to establish itself as a major new player in the technology metals and energy transition metals space, Welsbach Technology Metals Acquisition Corp. has launched a $75 million initial public offering on the Nasdaq Global Market. Led by CEO Daniel Mamadou, a technology metals advisor with more than 20 years of experience in global banking, Welsbach is being established as a blank check company that will use the funds raised through its IPO to invest in and support...
In another step toward realizing its vision of establishing a lithium battery materials park at its First Cobalt refinery in Ontario, Electra Battery Materials Corp. is putting in motion a plan to begin recycling lithium, nickel, cobalt, copper, and graphite from the black mass produced from recycled lithium-ion batteries. "With our existing facility in Canada, Electra can be the first recycler to establish a closed-loop supply of battery materials, making electric vehicles...
The ambitious 2035 target for a complete transition to electric vehicle sales set by most global automakers hinges on establishing reliable and responsible supply chains for the batteries that will power this envisioned electric mobility future. To help meet the burgeoning EV sector's battery material needs, First Cobalt Corp. is moving forward with an integrated battery refining, recycling, and manufacturing park in Ontario. "We see serious strains in the automotive supply...
"Please mine more nickel," these four words from Tesla CEO Elon Musk reverberated across the global mining sector and raised awareness of how fundamental nickel is to the lithium-ion batteries powering hundreds of millions of electric vehicles to come off Tesla and traditional automaker assembly lines over the next two decades. "Tesla will give you a giant contract for a long period of time if you mine nickel efficiently and in an environmentally sensitive way," Musk implored...
From electric vehicles plugged into renewable energy to smartphones connected to 5G networks, new technologies take advantage of the special properties of a suite of critical minerals and metals that are often rare and in short supply. In addition to the rare earths, cobalt, lithium, and other technology metals that capture headline attention, this list includes even more obscure mined materials such as gallium, germanium, scandium, and tellurium. While scarce, these critical...
From jewelry at a black-tie soiree to scrubbing harmful emissions from the exhaust system of a farm truck, the six platinum group metals – platinum, palladium, rhodium, ruthenium, iridium, and osmium – are metals that are both precious and critical to the United States and Canada. Extremely rare, durable, and with a brilliance that does not tarnish, platinum and other metals in its group are a treasured choice for high-end jewelry that stands the test of time. Three of the...
Extremely hard and with the highest melting point of all the metals, tungsten's toughness is legendary. Like many of the other metals that have found their way onto critical mineral lists in Canada, Europe, and the United States, this durable metal is vulnerable to Chinese control. "World tungsten supply was dominated by production in China and exports from China," the U.S. Geological Survey inked in its 2021 mineral commodities report. It is estimated that mines in China...
Reminiscent of America's gilded age, the world is priming itself for a new era of technology and energy centered on the electricity that sparked the imaginations of visionaries such as Nikola Tesla and Thomas Edison. This new era, however, sets aside more than a century of burning fossil fuels in favor of new clean sources of the electricity that will power human innovation into the 21st century and beyond. Solar, wind, hydro, and geothermal are but a few of the methods...
The envisioned green future where every North American is driving a battery-powered electric vehicle charged with renewable energy could be undermined by cobalt, a somewhat scarce and controversial metal that makes lithium-ion batteries better. "Cobalt is considered the highest material supply chain risk for electric vehicles in the short and medium term," the U.S. Department of Energy penned in an April report. This risk has automakers, lithium-ion battery manufacturers, and...
Scandium, one of 35 minerals identified as being critical to future production of high-tech and industrial technologies in the West, is seeing a surge in mining and extraction activity in response to increasing demand for the soft, silvery metallic element. Scandium is not particularly rare – its occurrence in crustal rocks is around 22 parts per million. It is generally more plentiful than lead, mercury, and precious metals. Yet scandium rarely concentrates in nature, so t...
As First Cobalt Corp. advances the only battery-grade cobalt sulfate refinery in North America toward a 2022 start, the company is beginning to investigate the potential of developing an integrated battery park in Ontario that refines and recycles cobalt and nickel, and then upgrades these metals into the anode materials for the lithium-ion batteries needed for the massive influx of electric vehicles expected in the coming years. First Cobalt envisions a battery park built...
