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Coniagas Battery Metals Announces Positive Initial Copper-Cobalt Sample Results as it Advances Evaluation of Offshore Stockpiles
(TheNewswire) Amid a booming market, Coniagas is exploring offshore copper and cobalt oppor...
About this update from Coniagas Battery Metals Inc.
[{"type":"text","content":"Coniagas Battery Metals Announces Positive Initial Copper-Cobalt Sample Results as it Advances Evaluation of Offshore Stockpiles\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Amid a booming market, Coniagas is\nexploring offshore copper and cobalt opportunities for processing in\nQu\n \n \n ebec, a strategic gateway to\nthe emerging North American EV industry\n \n \n \n \n Vancouver, BC – May 30, 2024 –\n \n \n TheNewswire –\n \n \n Coniagas Battery Metals\nInc. (TSXV: COS) (“Coniagas” or the “Company”) is excited to\nannounce significant initial sample results, showcasing encouraging\ncopper and cobalt grades from the offshore stockpiles identified for\nevaluation using the Re-2Ox hydrometallurgical process. This\ndevelopment marks an essential step in our mission to become a leading\nsupplier of critical battery metals for the North American electric\nvehicle (EV) industry.\n \n \n \n \n The preliminary assays reveal copper and cobalt\nconcentrations of 1.76% Cu and 0.36% Co from one of the identified\nstockpiles containing 3,000,000 tonnes, highlighting the potential for\nhigh-grade materials. These results reinforce the urgency of further\ndetailed analysis and underscore our strategic focus on securing\nquality feedstock for our domestic operations.\n \n \n \n \n Strategic Importance and Industry\nContext\n \n \n \n \n As China continues to dominate the global clean energy\nmanufacturing sector, accounting for a staggering 85% of the world’s\ninvestment in this area in 2022, Coniagas’ efforts to localize\nproduction and secure a reliable supply chain are crucial,\n \n \n \n \n according to\n \n \n \n \n The New\nYork Times\n \n \n \n \n .\n \n \n \n \n The strategic location of\nour full production facility in Quebec will leverage the province’s\nrobust infrastructure, green power, and access to critical ports,\npositioning Coniagas at the forefront of North America’s EV battery\nsupply chain revolution.\n \n \n \n \n Our feed-first approach not only ensures the\nconsistency and quality of materials but also aligns with broader\ngeopolitical efforts to reduce reliance on Chinese imports. Recent\nindustry reports highlight the significant challenges posed by\nChina’s contr...