TORONTO, October 13, 2022 /PR Newswire/ – Electra Battery Materials Corporation (NASDAQ: ELBM) (TSXV: ELBM) (“Elektra”) today announced the commissioning of a black mass recycling demonstration plant at its North Battery Materials Park. Toronto After successfully installing material feed handling and lime delivery systems, two critical circuits in Electra’s hydrometallurgical process are designed to recycle end-of-life lithium-ion battery materials.
“Automakers are looking for a closed-loop supply chain for their batteries and Electra’s recycling process offers a compelling solution for moving to a circular model for recycling end-of-life batteries and battery manufacturing scrap. increase.” Trent Mel, CEO of Electra Battery Materials. “Consistent with our strategy, the integration of battery material recycling into our refinery cobalt sulfate production activities will not only serve as a key differentiator, but will also serve as a key differentiator for the diverse interests that make up EVs in North America. It allows us to generate incremental cash flow while strengthening relationships with our stakeholders: the supply chain.”
Mel added: “Pending completion of the demonstration plant and review of the economics of the project, if successful, could pave the way for the construction of a 5,000 tonnes per year black bulk processing facility within the Battery Materials Park. Ontario Uses existing infrastructure, personnel, and lab facilities. As the market for recycled battery materials grows, additional capacity is added by building additional modules. “
Elektra is currently retrofitting an existing Cobalt Sulfate refinery at Themiscumming Shores. Ontario It accommodates a unique hydrometallurgical process designed to treat black lumps, a by-product produced from the recycling of end-of-life EVs and other lithium-ion batteries.
Under black mass demonstration parameters, Electra is expected to process up to 75 tons of material in batch mode. Electra hopes to use a laboratory-tested process to recover high-value elements found in lithium-ion batteries, including nickel, cobalt, lithium, manganese, copper and graphite.
Elektra also expects the black mass recycling demonstration to be fully operational with all equipment and circuits in the fall of 2022, and the cobalt sulfate refinery to be fully operational in the spring of 2023. Plant and commissioning efforts.
In preparation for the black lump demonstration plant, Electra completed process development and engineering for the recycling of black lump materials. Electra has previously sourced black mass samples from a supplier. North America, EuropeWhen Asia, studied the feed properties and developed a hydrometallurgical process route to recover the contained lithium, nickel, cobalt, copper and graphite. Testing work was performed using the facilities of SGS Labs. Lakefield, Ontario and engineering was completed using a combination of Electra’s technical resources, supported by process design engineers from Hatch Associates and mechanical and electrical engineering support from Bestech.
Electra’s proprietary hydrometallurgical process produces stable, non-acid-generating tailings with a low carbon footprint, thus reducing environmental impact while meeting wastewater discharges mandated by both federal and state regulations. meet or exceed standards.
Electra has completed a benchmark study to demonstrate that the carbon intensity of cradle-to-gate battery-grade nickel sulfate produced from recycled black ingots using a hydrometallurgical process in a low-carbon power grid exceeds that of other supplies, including Class 1 nickel metal. Indicates lower than option. , nickel mixed hydroxide precipitates or ferronickel.
Furthermore, the carbon intensity of nickel sulphate produced from black ingots recycled at Elektra’s refineries, which use hydropower as the main energy source, is higher than that of mixed hydroxide precipitation when the energy source relies on hydropower. less than 50% of the carbon intensity of nickel sulphate produced from About non-renewable energy such as coal-powered electricity. The refinery’s primary power source is hydroelectric power from the Ontario Power Station, which has near-zero greenhouse gas emissions.
About Electra Battery Materials
Electra is a processor of ethically sourced, low carbon battery materials.Commissioning now North American Elektra, the only cobalt sulphate refiner, is implementing a multi-pronged strategy focused on onshoring the electric vehicle supply chain. Key to that strategy is the integration of black mass recycling and nickel sulfate production into Electra’s refineries north of Electra. Torontoadvances Iron Creek, a cobalt copper exploration stage project in the Idaho Cobalt Belt; expands cobalt sulfate processing to Becancourt; QuebecFor more information, please visit www.ElectraBMC.com.
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Cautionary Note Regarding Forward-Looking Statements
This news release contains forward-looking statements and forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable securities laws and the Private Securities Litigation Reform Act of 1995. may be included. Historical facts are forward-looking statements. Forward-looking statements generally refer to the use of words such as “plans,” “anticipates,” “estimates,” “intends,” “expects,” “believes,” or variations of such words, or specific actions. can be identified by the description of , an event or result is defined as “could,” “could,” “could,” “could,” “occur,” or “achieve.” Factors that could cause these forward-looking statements to differ materially are set forth in the discussion and analysis of Electra Battery Materials Corporation’s management and disclosure of other risk factors. Although Electra Battery Materials Corporation believes that the information and assumptions used in making its forward-looking statements are reasonable, undue reliance should not be placed on these statements. This applies only as of the date of this news release and there is no guarantee that such event will occur within the timeframe disclosed or that it will not occur at all. Except as required by applicable law, Electra Battery Materials Corporation disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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