GBLEF - The Market Herald: Global Energy Metals (TSXV:GEMC) announces collaboration with American Battery Technology Company
(TheNewswire)
TSXV:GEMC $4.73M
john.ballem@themarketherald.ca
Global Energy Metals (GEMC) is partnering with AmericanBattery Technology Company to manufacture nickel and cobalt batterymetals.
Under the terms of the agreement, the companies willevaluate strategic cooperative opportunities that could enable astable supply of battery minerals critical for the electrification ofvehicles and energy storage to the North American market.
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- American Battery TechnologyCompany (ABTC) will expand its primary battery metal extractiondevelopment to include nickel and cobalt resources in addition tolithium
- GEMC will supply raw material from its Lovelock andTreasure Box projects in Nevada to undergo ABTC’s in-housenewly-developed process for producing battery cathode grade nickel andcobalt metal sulphates, and
- ABTC and GEMC will evaluate strategic cooperativeopportunities that could enable securing a stable supply of batteryminerals.
Mitchell Smith, President & CEO of Global EnergyMetals commented on the partnership with ABTC.
“We are truly excited to be collaborating withAmerican Battery Technology Company, given the shared vision bothcompanies have in securing and building a North American supply ofcritical and strategic battery minerals while using technology tosupport the future of electrified transportation.
The combination of ABTC’s leading-edge extractiontechnology development processes with Global Energy’s portfolio ofnickel and cobalt projects creates mutually beneficial opportunitiesthat could bolster and secure a much-needed supply of minerals deemed“critical” by the Canadian and US governments.”
ABTC’s CEO and CTO Ryan Melsert replied,
“The partnership between American Battery TechnologyCompany and Global Energy Metals Corporation represents acomplementary and actionable effort towards establishing a NorthAmerican supply of critical and strategic materials that will fuel theglobal transition towards an electrified and domestic closed-loopcircular economy,” said “While our lithium-ion battery recyclingfacilities will be first to market and allow us to make an immediateimpact on addressing these global challenges, by allocating the benchscale resources now to also be developing processes for the productionof battery grade nickel and cobalt from primary materials we will bein the position to subsequently commercialize this additional set oftechnologies.”
For the last two years, the ABTC team has worked todevelop an in-house process to extract battery-grade lithium fromdomestic Nevada-based deposits. The company has owned land and leasedmining claims with lithium-bearing resources throughout Nevada formany years, however simply having access to battery metal resourcesdoes not in itself contribute to addressing our global challenges. Themajority of brine and surface sedimentary deposits in Nevada areconsidered unconventional, as their concentrations of lithium and themechanisms by which the lithium is deposited within these host sitesare very different than at established commercial-scale lithiumproduct manufacturing sites. As a result, applying existingconventional process flowsheet technologies to these resources wouldhave resulted in extraction and conversion processes that were noteconomically competitive in the current market.
To address this challenge, ABTC chose to develop newprocesses based specifically targeted at these types oflithium-bearing resources rather than adopt existing conventionalprocesses. The resulting development led to ABTC’s current in-housedeveloped process for the manufacturing of battery-gradelithium.
The domestic production of battery-grade lithiummaterials is important in supporting the burgeoning batterymanufacturing industry. ABTC is excited to have entered into a collaborative agreement with GEMC in order toundergo a similar procedure of developing new first-of-kind processesfor producing battery cathode grade nickel and cobalt metal sulphatesfrom resources held by GEMC.
In parallel to the development stage work of itsbattery metal extraction technologies division, ABTC will continue tofocus on the construction and commercialization of its lithium-ionbattery recycling pilot plant in Fernley, NV. When operationscommence, ABTC’s pilot plant will be scaled to process 20K metrictons of feedstock per year, which will produce battery-grade materialsto be redeployed into the North American battery supply chain.
American Battery Technology Company has built a cleantechnology platform that increases the production of primary metalsused in the batteries that power electric cars, grid storageapplications, and consumer electronics and tools.
Global Energy Metals Corp. offers investors exposure tothe growing rechargeable battery and electric vehicle market bybuilding a diversified global portfolio of exploration andgrowth-stage battery mineral assets.
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