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First cobalt stock december9/2/2023 ![]() ![]() When lithium-ion batteries reach their end-of-life, they are dismantled and the part containing the electrodes are crushed or shredded to produce a powdery fraction referred to as black mass. ![]() We intend to capitalize on this first-mover advantage and leverage our position as an ultra-low carbon operation."įirst Cobalt continues to study the treatment and recovery of battery metals known as "black mass" from recycled EV and consumer electronics batteries. "There are many producers of black mass in the western world but few environmentally friendly options to then refine the product into battery grade material given the capital expenditure required and the permitting timeline associated with building a hydrometallurgical facility such as ours. "Demonstrating our ability to recycle lithium-ion batteries is an important step in our journey to be the most sustainable producer of battery materials," said President & CEO Trent Mell. Discussions have been initiated with provincial regulatory authorities to permit the processing of black mass at its facility.Longer term, the Company intends to produce "battery grade" materials for reintroduction into the electric vehicle supply chain. First Cobalt's near-term strategy is to leverage its existing processing facilities to process black mass and recover payable metals.Upon successful completion of the study, the Company intends to process black mass at the refinery facility on a pilot basis. Completion of the engineering study is expected in Q4.A global engineering firm has been retained to study the leaching of black mass within the existing refinery to produce nickel, cobalt, copper and manganese products using the existing flowsheet and to produce lithium and graphite products with recommended modifications.Bench scale testing has demonstrated expected extractions of lithium, nickel, cobalt, copper, manganese and graphite. Metallurgical test work was conducted by SGS Labs on black mass material provided by upstream battery recyclers in the U.S.With flow sheet modifications, recovery of lithium and graphite can also be achieved. The Company's refinery in Canada has existing refining capabilities (size and scale) to produce separate products containing nickel, cobalt, copper and manganese.To date there is no operating facility in North America that can recover each of nickel, cobalt, copper, lithium, graphite and manganese from black mass on a large scale, continuous production basis. ![]()
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