The Elements of Innovation Discovered
The Elements of Innovation Discovered
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Shrewd use of funding for critical infrastructure will enable a smooth transition to construction. As North America races to secure its critical mineral supply chains, Electra Battery Materials is laying the foundation for a full restart and final push toward production at its Ontario cobalt refinery – North America's only project to produce battery-grade cobalt sulfate. Electra's early works program at its cobalt refinery, about 260 miles (420 kilometers) north of Toronto, m...
US and Canada offer financial support for NMG's vertically integrated graphite anode project. With backing from both Ottawa and Washington, Nouveau Monde Graphite Inc. has received letters of interest for more than US$1 billion to finance the development of a mine-to-battery anode supply chain in Quebec – a key step toward building a North American alternative to China's graphite dominance. "We have been extremely busy in the past weeks to present the results of our updated f...
California tech company secures future Alaska graphite for American-made batteries. Silicon Valley-based electric vehicle manufacturer Lucid Motors and North America-focused critical minerals company Graphite One have signed a multi-year deal that will establish an all-American mine-to-EV battery graphite supply chain with links in Alaska, Ohio, Arizona, and garages across the United States. "A supply chain of critical materials within the United States drives our nation's...
Scoping study confirms that FPX's proposed refinery could deliver ultra-low-carbon, low-cost nickel for EV batteries. A scoping-level engineering and economic study provides compelling evidence that a refinery FPX Nickel Corp. plans to build in British Columbia could produce some of the world's lowest-cost and lowest-carbon battery-grade nickel for electric vehicle batteries. The key to producing a battery-grade nickel sulfate at less than half the cost of the industry...
Japanese corp. agrees to buy 20,000 mt/y of battery-grade lithium from Oklahoma refinery. Less than two weeks after Stardust Power Inc. broke ground on its lithium refinery in Muskogee, Okla., Sumitomo has entered into a preliminary agreement to acquire 80% of the battery-grade lithium carbonate to be produced at the strategically located American Heartland battery materials plant. "This offtake agreement marks a transformative milestone for Stardust Power," CEO Roshan Pujari...
Northern Nevada lithium project co-owned by GM now hosts enough reserves for 85 years of mining. Lithium Americas and General Motors' Thacker Pass Mine project in Nevada now hosts enough reserves to supply the lithium needed for the batteries to power more than 250 million electric vehicles over the next 85 years. Lithium Americas President and CEO Jonathan Evans says a new reserve calculation and supporting technical report detailing the plans for an initial 25 years of...
Receives 10-year federal permit to expand upon deposits within the famed Idaho Cobalt Belt. With a federal 10-year exploration permit in its pocket, Electra Battery Materials Corp. has the flexibility and time to thoroughly evaluate its Idaho Cobalt Belt properties, which host some of the only potential primary sources of cobalt outside the Democratic Republic of Congo. So far, Electra has outlined 4.5 million metric tons of indicated resource averaging 0.19% (18.4 million pou...
The U.S. export bank debt financing will help fund a plant in Ohio that will produce graphite needed for lithium-ion batteries. To help support the establishment of a domestic mine-to-EVs graphite supply chain, the Export-Import Bank of the United States (EXIM) has invited Graphite One Inc. to apply for a $325 million loan to build its planned advanced anode material (AAM) processing plant in Ohio. "Based on the preliminary information submitted regarding expected U.S....
Automaker to invest $625 million for 38% JV interest in Lithium America's Thacker Pass. To help ensure that it has a reliable and Inflation Reduction Act-compliant source of the lithium needed for its growing line of electric vehicles, General Motors has agreed to invest an additional $625 million to acquire a 38% joint venture interest in Lithium Americas Corp.'s Thacker Pass mine and processing plant in northern Nevada. "We're pleased with the significant progress Lithium...
With final FEIS from BLM, Nevada lithium mine is 30 days away from completion of federal permitting process. With the U.S. Bureau of Land Management's issuance of a final environmental impact statement (EIS) for the Rhyolite Ridge mine project about 150 miles southeast of Reno, Nevada, Ioneer Ltd. takes another large step toward its goal of producing enough lithium for nearly 370,000 electric vehicles per year by 2028. As the namesake ingredient in the batteries powering EVs...
Unique nickel mineralization at Baptiste offers an opportunity to significantly expand North America's battery material supply chain. FPX Nickel Corp. is investigating the potential of building a refinery that could make British Columbia a major source of low-carbon nickel needed for stainless steel and lithium-ion batteries. Last year, the company published results from a pre-feasibility study that outlined the economic and engineering parameters for a mine at its Baptiste...
In a Fastmarkets interview, Nevada's Surge Battery Metals chairman discusses the need for transparency. Slackening growth in electric vehicle sales and an oversupply in China's battery capacity are weighing on demand for battery metals. While lithium, cobalt and nickel remain in oversupply, the response from producers cutting output will influence the long term, especially by slowing and halting the promise of U.S. lithium production. Demand will continue to increase over the...
Benchmark forecasts that $1.6 trillion for minerals, battery materials, gigafactories, and recycling will be required by 2040. As the Inflation Reduction Act (IRA) accelerates the buildout of lithium battery gigafactory capacity in the United States, battery supply chain experts at Benchmark Mineral Intelligence estimate that at least $1.6 trillion of investment into the battery supply chain is needed to meet demand by 2040 – almost triple the $571 billion estimated to meet d...
A few investors have been buying up cobalt amid battery metal slump. While sustainable domestic mines like Jervois Idaho Cobalt Operations in the U.S. fight to stick to opening targets and investors struggle with problematic environmental and social costs of battery metals from overseas, a glut of overproduced cobalt has driven prices down, and savvy investors are buying up physical material for when demand surges or geopolitical issues come to a head. Anchorage Capital...
Export-Import Bank of the United States invites USSM to apply for a $400 million loan to develop critical minerals mining, processing, and recycling hub in Missouri. In what is shaping up to be a major boost to its mission to provide the United States with sustainable sources of metals critical to the energy transition, U.S. Strategic Metals (USSM) has been invited to apply for a $400 million loan from the Export-Import Bank of the United States (EXIM) to fund the development...
Silicon Valley-based EV manufacturer to buy anode material from G1's coming graphite plant in Ohio. Toward its goal of creating sustainable mobility with cars that make the best possible use of the world's resources, California-based Lucid Motors has entered into an agreement to buy domestically produced graphite for the batteries powering its electric vehicles from a processing and recycling plant to be built by Graphite One Inc. in Ohio. "We are committed to accelerating...
German, US scientists work to commercialize energy storage systems designed to offset fluctuations in renewable power production. Researchers at Karlsruhe Institute of Technology (KIT) in Germany are developing a high-temperature heat storage system that employs liquid-metal technology to enhance the use of renewable energy sources. Highly conductive liquid metals can be heated to more than 700 degrees Celsius (1,290 degrees Fahrenheit) using green electricity to flexibly...
Canadian locals leery of U.S. military investment in Lomiko Metals graphite project in Quebec. Initially, when Lomiko Metals Inc., a mining company based in Surrey, British Columbia announced plans to build a graphite mine in Quebec's Laurentides region, there were fears regarding potential environmental harm, especially to nearby lakes, but objections increased after locals found out the Pentagon was also involved in the project. In May, Lomiko Metals received a grant of...
Steady demand and Cyclone Megan supply disruptions are giving the metal market its day. The recent uptick in manganese prices resulting from Tropical Cyclone Megan causing significant damage to South32's Groote Eylandt Mining Company (GEMCO) manganese mine in Australia has prompted Jupiter Mines to release an update on the manganese market landscape, preempting its usual quarterly update. "We are expecting manganese prices to be higher than the historical average for the...
Increasing responsible sourcing demand puts a spotlight on mining sector. Artisanal and small-scale mining (ASM) is a term that describes the subsistence mining sector, where locals work independently using low-tech methods of manual extraction, physical labor, and basic tools. Many rural communities are historically reliant on artisanal mining for their livelihoods. However, that same history also involves poor working conditions, human rights violations, predatory land...
Auto manufacturers take sides on the question facing the industry – are deep sea resources necessary to compete in the global EV race? A proposal to limit the use of minerals pulled from the seabed has been making its rounds in boardrooms from Tesla to GM, asking big names in the electric vehicle game to commit to a moratorium on minerals sourced from the deep sea. It lost in a landslide, with 78% of Tesla shareholders voting against the proposal and 6% in favor. While c...
Returns to a Yukon property with the same advantageous nickel mineral as is found at its Baptiste project in B.C. FPX Nickel Corp.'s search for a unique mineral that offers a cleaner source of the nickel that is in high demand due to its use in lithium-ion batteries has led the company back to Canada's Yukon. FPX is best known for its work at Baptiste, an advance-staged exploration project in central British Columbia that shows the potential of being a significant future...
International Battery Metals and US Magnesium agree to install world's first modular DLE plant. This May, International Battery Metals (IBAT) and US Magnesium announced their partnership to install a first-of-its-kind modular direct lithium extraction (DLE) plant that can rapidly be deployed to a site and efficiently extract lithium from a variety of brine resources. The portable, modular design provides both a smaller footprint and scalability. The mobile facility is...
Volfpack selects HydroGraph graphene for supercapacitors in its hybrid renewable energy storage systems. HydroGraph Clean Power Inc.'s flagship graphene product will soon be a key ingredient in Volfpack Energy Ltd.'s hybrid battery system, which was engineered to help store solar energy and stabilize power grids in Asia. Keeping power grids fed with stable solar is challenging. The best-known and most widely understood of these dilemmas is storing enough energy during the day...
BLM completes draft EIS for Rhyolite Ridge, closing in on final federal permitting decision for energy transition metals mine. Marking a major milestone on the path toward a domestic supply of lithium for nearly 370,000 electric vehicles per year, the U.S. Bureau of Land Management has finalized a draft environmental impact statement (EIS) for developing a mine at Ioneer Ltd.'s Rhyolite Ridge lithium-boron project in Nevada. "This news sets a clear path forward to...
