OIL - US STRATEGIC METALS SIGNS CONTRACT WITH MISSOURI UNIVERSITY OF SCIENCE AND TECHNOLOGY FOR PRECURSOR CATHODE ACTIVE MATERIAL RESEARCH | Benzinga
ST. LOUIS, May 7, 2024 /PRNewswire/ -- US Strategic Metals ("USSM") and Missouri University of Science and Technology ("Missouri S&T") have signed a contract for USSM to support Missouri S&T's precursor cathode active material ("pCAM") research. PCAM is the precursor material to cathode active material ("CAM") made up of cobalt, nickel and other critical materials which are some of the main components of lithium-ion batteries. Currently, most of the pCAM in the world is produced outside the United States. Missouri is fortuitously endowed with expansive natural resources and is quickly emerging as an innovative player in the green energy transition through Missouri S&T's extensive research and development and USSM's bench and pilot scale facilities as well as its progress towards completion of a commercial scale plant in Fredericktown, MO.