Plant to produce 25,000 tonnes of high quality cobalt sulphate a year
Phase 1 due to begin in fourth quarter of 2022
Refinery has been on care and maintenance since 2015
Company is undertaking leaching tests on black mass
Crystalliser will produce cobalt sulphate
First Cobalt aims to build a modern underground mining operation
Deal covers up to 100% of production.
First Cobalt's strategy is to produce the world's most sustainable cobalt for EVs.
Pair to discuss feed purchase, not toll milling
Plant was assessed on global warming, eutrophication, smog potential and water consumption
The expansion project could supply 5% of the world's cobalt refining capacity.
Multi-million-dollar work plan will push refinery plans forward.