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First Cobalt Studies Battery Recycling for Nickel, Copper and Cobalt Recovery
First Cobalt Studies Battery Recycling for Nickel, Copper and Cobalt Recovery C...
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[{"type":"text","content":"\n \n \n \n First Cobalt Studies Battery Recycling for Nickel, Copper and Cobalt Recovery\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.prntaj{\nTEXT-ALIGN: JUSTIFY\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n TORONTO\n \n ,\n \n Feb. 17, 2021\n \n /CNW/ - First Cobalt Corp. (TSXV: FCC) (OTCQX: FTSSF) (the \"Company\") today announced that it has begun a study of black mass material from recycled batteries as a supplemental source of feed for its hydrometallurgical refinery located north of\n \n Toronto\n \n . The Company believes the Refinery could recover cobalt, nickel, copper and potentially lithium and manganese, in addition to planned cobalt production from primary feed. Discussions are underway with several producers of black mass.\n \n \n \n \n \n \n \n \n \n First Cobalt is currently in preconstruction of a refinery expansion project that will result in annual production of 5,000 tonnes of cobalt contained in a battery-grade cobalt sulfate starting in Q4 2022. The Refinery previously recovered nickel, copper and cobalt and this study will leverage these processes and existing infrastructure. Incremental capital costs to modify the flow sheet to treat black mass and recover other battery raw materials are expected to be substantially lower than a greenfield project.\n \n \n \n Highlights\n \n \n \n \n First Cobalt's battery recycling circuit would be integrated into the Company's primary cobalt sulfate refinery and operated by the same team. Additional capital expenditure is expected to be modest under a base case scenario.\n \n \n \n \n The Company's hydrometallurgical refinery is expected to provide higher yields at a lower cost and at significantly lower energy intensity, compared to traditional pyrometallurgical facilities.\n \n \n \n \n First Cobalt's refinery is 100% powered by clean, hydroelectric power from Ontario Power Generation, resulting in nearly zero greenhouse gas (GHG) emissions.\n \n \n \n \n Closed loop recycling of lithium-ion batteries will serve the electric vehicle market in\n \n North America\n \n and\n \n Europe\n \n and in th...