The Elements of Innovation Discovered
The Elements of Innovation Discovered
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New venture aims to recover critical minerals from lithium-ion batteries, reducing waste and carbon emissions while supporting sustainable development in Ontario. In a strategic move to tackle the environmental and supply chain challenges posed by battery waste, Electra Battery Materials Corp. and Indigenous-owned Three Fires Group have launched Aki Battery Recycling, a joint venture focused on producing black mass through responsible recycling of lithium-ion battery scrap....
Will the controversial metal find its place in green tech? About 30 years ago, nobody thought much about cobalt. Today, this metal, with myriads of uses, is one of those elements that gets dragged into the spotlight due to the role it plays in electric vehicle batteries, with critics citing the disparity between the environmental and social costs of producing cobalt and the green tech solutions this critical metal enables. But we can't build a clean energy future without...
Still overshadowed by lithium but no less significant, cobalt falls within a unique category as a critical mineral not only for its properties but also for its controversial supply. As a fundamental component necessary for nickel-cobalt-manganese (NMC) lithium-ion batteries, cobalt warranted its place as a critical mineral vital to the zero-carbon transition due to the necessity of those batteries to power a clean, emission-free future. Its critical uses, however, go far...
Becancour, a small Quebec town along the shores of the St. Lawrence River about midway between Montreal and Quebec City, is rapidly emerging as an epicenter for producing the advanced materials needed for lithium-ion batteries powering the electric vehicle revolution. This rural Canadian town of around 12,800 people surfaced in the battery space about a year ago when Nouveau Monde Graphite Inc. announced plans to build a facility there to produce the coated spherical purified...
When Ontario unveiled its critical minerals strategy earlier this year, the idea was to leverage the rich mineral endowment in the northern reaches of the province and the established manufacturing in the south to attract investment from some of the biggest names along the electric vehicle supply chain. With LG Energy Solution, one of the world's largest lithium-ion battery companies, inking two deals to source battery-grade cobalt and lithium from the province, it seems that...
Develops strategy to be the world's critical minerals supplier of choice Understanding that the renewable energy and electric vehicle revolution offers a "generational opportunity for Canada and its world-class mining sector," Ottawa is leveraging the nation's wealth of critical minerals to become a powerhouse that feeds raw materials into resource-hungry clean energy and technology supply chains. "Canada's Critical Minerals Strategy will position Canada as the global supplier...
With mining giant Glencore AG agreeing to buy the nickel and cobalt recycled from spent lithium-ion batteries over the next two years, Electra Battery Materials Corp.'s vision of developing an eco-industrial park in Ontario that serves as a one-stop-shop for the materials needed for the batteries powering 1.5 million electric vehicles per year is one step closer to reality. The Electra Battery Materials Park is being developed around the company's cobalt refinery about 250...
In another step toward its overarching goal to deliver battery grade cobalt into the North American electric vehicles market, First Cobalt Corp. has signed a flexible, long-term, offtake agreement with Stratton Metal Resources Ltd. for the sale of future cobalt sulfate production from the First Cobalt refinery in Ontario, Canada. "Stratton Metals are among the most knowledgeable cobalt traders in the world, with a network of relationships in every major market," said First...
In a move that demonstrates its commitment to environmental, social, and corporate governance (ESG) practices, First Cobalt Corp. joins the Cobalt Institute as associate member. "Becoming a member of the Cobalt Institute demonstrates our commitment to implementing the most rigorous supply chain sourcing and ESG standards," said First Cobalt President and CEO Trent Mell. First Cobalt is a Canada-based company that is endeavoring to become North America's sole primary cobalt...
First Cobalt Corp. has taken a critical step toward its goal of supplying North American and European electric vehicle and lithium-ion battery manufacturers with 25,000 metric tons of battery grade cobalt sulfate per year. With an initial investment of only US$56 million, First Cobalt's already established refinery in Ontario could be churning out enough cobalt for the batteries powering more than 500,000 EVs annually by 2022. "This is an important milestone in our efforts to...
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...
Canada is positioning itself as the "global supplier of choice" for the critical minerals and metals essential to tomorrow's technologies, especially the almost unfathomable quantities of raw materials that will be required by a world transitioning to low-carbon energy and electric vehicles. "Demand for minerals and metals continues to grow with an increasing focus on critical minerals – vital in aerospace, healthcare, telecommunications and an array of clean technologies such...
