Electra Battery Materials Corporation announced the launch of a demonstration plant designed to recover and recycle high-value elements found in lithium-ion batteries, including nickel, cobalt, lithium, copper, and graphite at its refinery complex north of Toronto.
“The launch of the black mass demonstration plant is indicative of Electra’s metallurgical expertise and potential of our refinery complex to address North America’s requirement for battery-grade materials.”
“The launch of our black mass recycling demonstration plant caps a year filled with a number of significant achievements for Electra,” said Trent Mell, Electra’s CEO. “With the outlook for electric vehicle adoption in North America becoming increasingly bullish as a result of the recent passage of the U.S. Inflation Reduction Act and the considerable investments made by automotive companies to electrify their fleet, the need for a domestic supply of battery-grade materials supply whether through primary refining or recycling processes becomes critical.”
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Mr. Mell added, “Pending completion of the demonstration plant and a review of project economics, success would pave the way towards commercialization and the buildout of a 5,000 tonne per annum black mass processing facility within our battery materials park in Ontario using existing infrastructure, personnel, and lab facility. Combined with our planned production of cobalt, nickel, and manganese sulfates, commercialization of our black mass recycling capabilities will diversify our cash flow and customer base.”
“Consistent with our timelines, our project team has done an excellent job in preparing what will be the first of its kind facility in North America to recover critical metals contained in end-of-life electric vehicle and other lithium-ion batteries,” said Mark Trevisiol, Electra’s Vice President of Project Development. “The launch of the black mass demonstration plant is indicative of Electra’s metallurgical expertise and potential of our refinery complex to address North America’s requirement for battery-grade materials.”
SOURCE: Businesswire