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Engineering Report Gives Electra Green Light for Battery Recycling
Engineering Report Gives Electra Green Light for Battery Recycling Canada NewsW...
About this update from Electra Battery Materials Corp
[{"type":"text","content":"\n \n \n \n Engineering Report Gives Electra Green Light for Battery Recycling\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n TORONTO\n \n ,\n \n Dec. 7, 2021\n \n /CNW/ -\n \n Electra Battery Materials Corporation\n \n (TSXV: ELBM) (OTCQX: FTSSF) (the \"Company\") today announced positive results from engineering studies and metallurgical test work for lithium-ion battery recycling. The Company intends to commence refining the key components of electric vehicle batteries, known as black mass, in mid-2022 as the second phase of a four-part strategy to become a low carbon North American battery materials park that will include battery grade nickel and cobalt, battery recycling and precursor manufacturing. Electra is poised to become one of the first companies to treat recycled battery materials using existing infrastructure and equipment at its Canadian hydrometallurgical complex.\n \n \n \n \n \n \n \n \n \n \n HIGHLIGHTS\n \n \n \n \n Through extensive testwork, the Company has developed a flowsheet that can recover key elements from batteries, including lithium, nickel, cobalt, copper and graphite; patent applications are pending\n \n \n Engineering studies confirmed that Electra's existing refinery complex has the infrastructure, scale and equipment to process a bulk sample of material on a full production scale basis in mid-2022 with an initial investment of under\n \n US$3 million\n \n \n \n Electra will grow its recycling business in a staged, modular fashion, initially targeting black mass from consumer electronics and subsequently targeting primary battery scrap material from North American EV cell manufacturers\n \n \n Recycling facility will have a very low carbon footprint due to a 100% hydrometallurgical process and hydroelectric power source resulting in nearly zero greenhouse gas (GHG) emissions\n \n \n \n \"\n \n A secure,\n \n \n sustainable and domestic solution for recycling lithium-ion batteries is essential as\n \n North America\n \n shifts to electric mobility. At present, there is no industrial scale hyd...