American Manganese Inc. (TSXV:AMY)(OTCQB:AMYZF)(FSE:2AM) ("AMY" or the "Company"), a pioneer in advanced lithium-ion battery cathode recycling-upcycling, and its independent R&D contractor Kemetco Research Inc. ("Kemetco") are pleased to report that the equipment in the Company's demonstration plant is ready for commissioning. The plant is designed to demonstrate the RecycLiCo process in continuous operating conditions that will enable American Manganese to run the complete process and provide input for commercial operation
"The demonstration plant project is a pivotal and defining moment that will demonstrate the RecycLiCo process' ability to operate at real-world operating conditions and provide actionable feedback towards the design and development of commercial lithium-ion battery recycling-upcycling plants," said Larry Reaugh, President and CEO of American Manganese. "We will be working with third parties to validate the demonstration plant's operating efficiencies and qualify large quantities of recycled-upcycled material to aid in the progression of strategic partnerships."
The Company has received cathode scrap feedstock, with an NMC (lithium-nickel-manganese-cobalt oxide) chemistry, which is used in the latest generation electric vehicles. Once commissioned, the initial testing and operation of the demonstration plant system will commence with mechanical shredding of the cathode scrap and characterization of the feed material for hydrometallurgical processing. The hydrometallurgical processing is scheduled to run continuously while simultaneously measuring data points to monitor and collect process efficiencies. The demonstration plant will include the following core unit operations at the planned cathode scrap processing capacity of 500 kg/day:
Shredding of cathode scrap materials and separating the active cathode material from aluminum foils
Leaching active cathode material (lithium, nickel, manganese, and cobalt) and removing impurities
Producing a high purity mixed nickel-manganese-cobalt hydroxide and lithium carbonate
After the initial demonstration plant program, AMY intends to continue additional operation testing of unit operations to produce upcycled materials for interested third parties. These unit operations will include the production of precursor cathode active material, lithium hydroxide, and lithium sulfate products to the desired specifications for lithium-ion battery re-manufacturing.
The global push for sustainability, rising fossil fuel prices, and supply chain instability have significantly influenced the demand and supply trends for battery metals such as lithium, nickel, cobalt, and manganese. AMY continues to advance commercialization of its intellectual property to provide a sustainable supply of these critical materials.
American Manganese Inc. is a critical metals company focused on recycling and upcycling lithium-ion battery waste into high-value battery cathode materials, using its closed-loop RecycLiCo™ process. With minimal processing steps and over 99% extraction of lithium, cobalt, nickel, and manganese, the upcycling process creates valuable lithium-ion battery materials for direct integration into the re-manufacturing of new lithium-ion batteries.
Kemetco Research is a private sector integrated science, technology, and innovation company. Their Contract Sciences operation provides laboratory analysis and testing, field work, bench scale studies, pilot plant investigations, consulting services, applied research and development for both industry and government. Their clients range from start-up companies developing new technologies through to large multinational corporations with proven processes.
Kemetco provides scientific expertise in the fields of Specialty Analytical Chemistry, Chemical Process and Extractive Metallurgy. Because Kemetco carries out research in many different fields, it can offer a broader range of backgrounds and expertise than most laboratories.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain "forward-looking statements", which are statements about the future based on current expectations or beliefs. For this purpose, statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements by their nature involve risks and uncertainties, and there can be no assurance that such statements will prove to be accurate or true. Investors should not place undue reliance on forward-looking statements. The Company does not undertake any obligation to update forward-looking statements except as required by law.
RecycLiCo Battery Materials Inc. ("RecycLiCo" or the "Company"), (TSX.V: AMY | OTCQB: AMYZF| FSE: ID4), a pioneer in the field of lithium-ion battery recycling technology, is pleased to announce the hiring of Dr. Maryam Rasouli as Principal Engineer, specializing in hydrometallurgy. Dr. Rasouli brings to the Company a wealth of expertise in chemical and materials engineering, particularly in aqueous chemistry, lithium-ion battery cathode active material precursor (pCAM) synthesis and net-zero and circular economy solutions, all of which will contribute to realizing RecycLiCo's vision of a sustainable future for off-spec scrap and end-of-life battery materials.
Dr. Rasouli's extensive experience as a materials engineer and chemist includes work with advanced recycling technologies for lithium and nickel-manganese-cobalt (NMC) from end-of-life batteries, the efficient extraction of zinc, cadmium, nickel, and cobalt from secondary waste solids and metal extraction techniques focusing on precious metal recovery solvent extraction processes and synthetic chemistry, including the synthesis of layered double hydroxides (LDH), materials similar to pCAM, and metalloenzymes.
"We are excited to welcome Dr. Rasouli to our team," said Richard Sadowsky, RecycLiCo's Interim Chief Executive Officer. "Her background, skill-set and passion for developing innovative chemical engineering solutions will be instrumental to the commercial implementation of our battery recycling and upcycling processes."
Dr. Rasouli holds a Ph.D. in Materials Engineering from the University of British Columbia (UBC) and a Master's Degree in Inorganic Chemistry from the Institute for Advanced Studies in Basic Sciences (IASBS), Zanjan, Iran.
Prior to joining RecycLiCo, Dr. Rasouli worked as a process engineer at Hatch, where she designed hydrometallurgical processes for recycling lithium-ion batteries. She has also worked as a consulting chemist, designing amino-oxo-chelating reagents specifically for the recovery of metals from mining wastes.
RecycLiCo Battery Materials Inc. is a battery materials company specializing in sustainable lithium-ion battery recycling and materials production. RecycLiCo has developed advanced technologies that efficiently recover battery-grade materials from lithium-ion batteries, addressing the global demand for environmentally friendly solutions in energy storage. With minimal processing steps and up to 99% extraction of lithium, cobalt, nickel, and manganese, the patented, closed-loop hydrometallurgical process turns lithium-ion battery waste into battery-grade cathode precursor, lithium hydroxide, and lithium carbonate for direct integration into the re- manufacturing of new lithium-ion batteries.
For more information, please contact: Teresa Piorun Senior Corporate Secretary Telephone: 778-574-4444 Email: InvestorServices@RecycLiCo.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain "forward-looking statements", which are statements about the future based on current expectations or beliefs. For this purpose, statements of historical fact may be deemed to be forward-looking statements. Forward–looking statements by their nature involve risks and uncertainties, and there can be no assurance that such statements will prove to be accurate or true. Investors should not place undue reliance on forward-looking statements. The Company does not undertake any obligation to update forward-looking statements except as required by law.
RecycLiCo Battery Materials Inc. (" RecycLiCo " or the " Company "), (TSX.V: AMY | OTCQB: AMYZF| FSE: ID4) a pioneer in the field of sustainable lithium-ion battery recycling technology, is pleased to announce that it has engaged Hatch Ltd to provide consulting services in connection with the Stage 2 battery recycling plant to be operated in Taiwan by RecycLiCo Zenith Battery Materials Technology Co., the Company's joint venture with Zenith Chemical.
Hatch will assist the Company in its review of the design plan for the plant prepared by Kemetco, the joint venture's principal contractor and RecycLiCo's long-time collaborator. As previously announced, RecycLiCo will be supervising construction in Vancouver of an expandable modular facility (initially 2,000 mt/year), which will be transported to, and commissioned in, Taiwan. The design plan, once approved, will be the basis for a formal construction agreement between the joint venture and Kemetco. Construction is expected to commence later this year.
Richard Sadowsky, Interim Chief Executive Officer of the Company, said, "We are excited to have Hatch on board with us for this project. Their years of engineering and business experience will be of great value to us as we continue to move past the venture stage and provide the industry with a commercially viable and effective recycling solution."
The advanced battery recycling technology employed by the joint venture will be capable of processing black mass and black powder into high-value products, such as battery-grade lithium chemicals and precursor cathode active material (pCAM), positioning the joint venture at the forefront of advanced battery recycling solutions and as a contributor to the global efforts to develop sustainable energy sources.
RecycLiCo Battery Materials Inc. is a battery materials company specializing in sustainable lithium-ion battery recycling and materials production. RecycLiCo has developed advanced technologies that efficiently recover battery-grade materials from lithium-ion batteries, addressing the global demand for environmentally friendly solutions in energy storage. With minimal processing steps and up to 99% extraction of lithium, cobalt, nickel, and manganese, the patented, closed-loop hydrometallurgical process turns lithium-ion battery waste into battery-grade cathode precursor, lithium hydroxide, and lithium carbonate for direct integration into the re- manufacturing of new lithium-ion batteries.
Our global network of 10,000 professionals work on the world's toughest challenges, with experience spanning over 150 countries around the world in the metals, energy, and infrastructure sectors. Hatch is employee-owned and independent. Our exceptional, diverse teams combine vast engineering and business knowledge, working in partnership with our clients to develop market strategies, manage and optimize production, develop new game-changing technologies, and design and deliver complex capital projects.
About Zenith
Zenith Chemical Corporation, a Taiwanese company, specializes in the production of nickel-based chemicals, including high-purity nickel sulfate for lithium-ion batteries. With a strong focus on serving the lithium-ion battery industry, Zenith's products have gained recognition and qualification from major cathode producers worldwide. The company also has a shareholding partnership with Hanwa Co., Ltd, a large publicly traded Japanese distribution company known for its expertise in lithium-ion battery-related materials. Additionally, Zenith collaborates, through a joint venture, with Central Glass Co., Ltd., a leading Japanese publicly traded company specializing in fluorine-based chemicals and cater to the semiconductor and lithium-ion battery markets.
For more information, please contact: Teresa Piorun Senior Corporate Secretary Telephone: 778-574-4444 Email: InvestorServices@RecycLiCo.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain "forward-looking statements", which are statements about the future based on current expectations or beliefs. For this purpose, statements of historical fact may be deemed to be forward-looking statements. Forward–looking statements by their nature involve risks and uncertainties, and there can be no assurance that such statements will prove to be accurate or true. Investors should not place undue reliance on forward-looking statements. The Company does not undertake any obligation to update forward-looking statements except as required by law.
RecycLiCo Battery Materials Inc. ("RecycLiCo" or the "Company"), TSX.V: AMY, OTCQB: AMYZF, FSE: ID4, a leader in sustainable lithium-ion battery recycling technology, is pleased to announce the registration of the European Unitary Patent (Patent Application No. 17870326.0) for its pioneering hydrometallurgical recycling solution. This patent grant solidifies the Company's intellectual property portfolio in Europe, a key market focused on electrification and sustainable battery technologies.
This patent is the 16th issued globally for RecycLiCo, complementing existing patents in the United States, South Korea, Japan, China, India, Australia, and Canada. The recognition of RecycLiCo's cutting-edge technology underscores the Company's leadership in the sustainable battery recycling sector, aligning with Europe's ambitious environmental goals.
RecycLiCo Battery Materials Inc. is a battery materials company specializing in sustainable lithium-ion battery recycling and materials production. RecycLiCo has developed advanced technologies that efficiently recover battery-grade materials from lithium-ion batteries, addressing the global demand for environmentally friendly solutions in energy storage. With minimal processing steps and up to 99% extraction of lithium, cobalt, nickel, and manganese, the patented, closed-loop hydrometallurgical process turns lithium-ion battery waste into battery-grade cathode precursor, lithium hydroxide, and lithium carbonate for direct integration into the re-manufacturing of new lithium-ion batteries.
For more information, please contact: Teresa Piorun Senior Corporate Secretary Telephone: 778-574-4444 Email: InvestorServices@RecycLiCo.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain "forward-looking statements", which are statements about the future based on current expectations or beliefs. For this purpose, statements of historical fact may be deemed to be forward-looking statements. Forward–looking statements by their nature involve risks and uncertainties, and there can be no assurance that such statements will prove to be accurate or true. Investors should not place undue reliance on forward-looking statements. The Company does not undertake any obligation to update forward-looking statements except as required by law.
RecycLiCo Battery Materials Inc. (" RecycLiCo " or the " Company "), (TSX.V: AMY | OTCQB: AMYZF| FSE: ID4) a pioneer in the field of sustainable lithium-ion battery recycling technology, is pleased to announce that RecycLiCo Zenith Battery Materials Technology Co., the Company's joint venture with Zenith Chemical, has constructed a Stage 1 shredding facility at the site of its battery recycling plant in Taiwan and is now processing off-spec battery materials purchased from an established global battery manufacturer and selling the resulting black powder. The Joint Venture made its first shipment of black powder in late June and has already made arrangements for future shipments.
Construction of the Joint Venture's Stage 2 recycling plant, which will process both black powder and the black mass resulting from the shredding of end-of-life batteries, is expected to begin later this year. Project planning for the Stage 2 plant is in the advanced stages and Zenith Chemical is expected to commence site preparation shortly. As previously announced, RecycLiCo will be supervising the construction in Vancouver of an expandable modular facility (initially 2,000 mt/year), which will be transported to, and commissioned in, Taiwan. Commissioning of the plant is anticipated in 2025.
The advanced battery recycling technology employed by the joint venture will be capable of processing black mass and black powder into high-value products, such as battery-grade lithium chemicals and precursor cathode active material (pCAM), positioning the joint venture at the forefront of advanced battery recycling solutions and as a contributor to the global efforts to develop sustainable energy sources.
Richard Sadowsky, Interim Chief Executive Officer of the Company, said, "This is the first step in RecycLiCo's transition from a venture stage company into a revenue-generating global industrial enterprise. The entire RecycLiCo team is committed to this transition and the Board of Directors expects to take additional steps in that direction over the next few months."
RecycLiCo Battery Materials Inc. is a battery materials company specializing in sustainable lithium-ion battery recycling and materials production. RecycLiCo has developed advanced technologies that efficiently recover battery-grade materials from lithium-ion batteries, addressing the global demand for environmentally friendly solutions in energy storage. With minimal processing steps and up to 99% extraction of lithium, cobalt, nickel, and manganese, the patented, closed-loop hydrometallurgical process turns lithium-ion battery waste into battery-grade cathode precursor, lithium hydroxide, and lithium carbonate for direct integration into the re- manufacturing of new lithium-ion batteries.
About Zenith
Zenith Chemical Corporation, a Taiwanese company, specializes in the production of nickel-based chemicals, including high-purity nickel sulfate for lithium-ion batteries. With a strong focus on serving the lithium-ion battery industry, Zenith's products have gained recognition and qualification from major cathode producers worldwide. The company also has a shareholding partnership with Hanwa Co., Ltd, a large publicly traded Japanese distribution company known for its expertise in lithium-ion battery-related materials. Additionally, Zenith collaborates, through a joint venture, with Central Glass Co., Ltd., a leading Japanese publicly traded company specializing in fluorine-based chemicals and cater to the semiconductor and lithium-ion battery markets.
For more information, please contact: Teresa Piorun Senior Corporate Secretary Telephone: 778-574-4444 Email: InvestorServices@RecycLiCo.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain "forward-looking statements", which are statements about the future based on current expectations or beliefs. For this purpose, statements of historical fact may be deemed to be forward-looking statements. Forward–looking statements by their nature involve risks and uncertainties, and there can be no assurance that such statements will prove to be accurate or true. Investors should not place undue reliance on forward-looking statements. The Company does not undertake any obligation to update forward-looking statements except as required by law.
RecycLiCo Battery Materials Inc. (" RecycLiCo " or the " Company "), TSX.V: AMY, OTCQB: AMYZF, FSE: ID4, a global leader in sustainable lithium-ion battery recycling technology, is pleased to announce that the Indian Patent Office has issued patent No. 478749 for RecycLiCo's "Processing of cobaltous sulphatedithionate liquors derived from cobalt resource".
The Indian patent follows the form of existing patents previously granted for the same invention in other jurisdictions. The patent incorporates 18 claims, including separation of cobalt compounds from cathode materials containing carbon and graphite.
The Indian patent brings RecycLiCo's global patent portfolio to fifteen (15). The Company has five (5) additional patent applications relating to lithium-ion battery recycling processes filed globally.
"We are pleased to extend our patent portfolio to include another important emerging market," said RecycLiCo Chairman Paul Hildebrand.
RecycLiCo Battery Materials Inc. is a battery materials company specializing in sustainable lithium-ion battery recycling and materials production. RecycLiCo has developed advanced technologies that efficiently recover battery-grade materials from lithium-ion batteries, addressing the global demand for environmentally friendly solutions in energy storage. With minimal processing steps and up to 99% extraction of lithium, cobalt, nickel, and manganese, the patented, closed-loop hydrometallurgical process turns lithium-ion battery waste into battery-grade cathode precursor, lithium hydroxide, and lithium carbonate for direct integration into the re-manufacturing of new lithium-ion batteries.
For more information, please contact: Teresa Piorun Senior Corporate Secretary Telephone: 778-574-4444 Email: InvestorServices@RecycLiCo.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain "forward-looking statements", which are statements about the future based on current expectations or beliefs. For this purpose, statements of historical fact may be deemed to be forward-looking statements. Forward–looking statements by their nature involve risks and uncertainties, and there can be no assurance that such statements will prove to be accurate or true. Investors should not place undue reliance on forward-looking statements. The Company does not undertake any obligation to update forward-looking statements except as required by law.
Energy Technologies (ASX:EGY)CEO Nick Cousins shared that the company is refocusing its business strategy, focusing on the burgeoning renewable energy sector in Australia.
"We're looking at what is essentially a new business," said Cousins in an interview with the Investing News Network, highlighting the fundamental shift to capitalise on tailwinds supporting renewable energy initiatives.
Disclaimer: This interview is sponsored by Energy Technologies (ASX:EGY). This interview provides information which was sourced by the Investing News Network (INN) and approved by Energy Technologies in order to help investors learn more about the company. Energy Technologies is a client of INN. The company’s campaign fees pay for INN to create and update this interview.
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Provaris (ASX:PV1), a leading innovator in the green hydrogen sector is well-positioned to be an important part of the European green hydrogen supply chain through its groundbreaking compressed hydrogen solutions. The company's proprietary tank IP and innovative ship design support its vision to develop a portfolio of integrated green hydrogen projects.
Provaris’ innovative H2Neo carrier solution offers a more efficient and cost-effective alternative to traditional methods of hydrogen storage and transport. These carriers are designed to address the growing global demand for clean energy while overcoming the logistical challenges associated with green hydrogen distribution.
Provaris is expanding its portfolio to include CO2 storage technologies, a move that aligns with the company's core competencies in gas handling and storage, while addressing the growing demand for large scale CO2 storage and transport solutions in the European market, and beyond.
Company Highlights
Provaris is a leading innovator in the green hydrogen sector, leveraging its proprietary compressed hydrogen technology to develop sustainable, clean energy supply chains across Europe.
The company combines proven technology and unique IP for cost-effective hydrogen storage and transport solutions, with a first-mover advantage through its proprietary ship design and low-cost delivery.
Provaris has established strong strategic partners across Europe, enhancing its credibility in delivering hydrogen to market
In addition to green hydrogen, the company is leveraging its tank IP for application into the established CO2 storage and shipping market.
This Provaris Energy profile is part of a paid investor education campaign.*
Provaris presents a unique and attractive investment proposition in the rapidly expanding green hydrogen sector in Europe. With its proprietary technology, strategic partnerships and integrated business model, Provaris is well-positioned to capitalize on the growing demand for clean energy solutions.
Company Highlights
Provaris is a leading innovator in the green hydrogen sector, leveraging its proprietary compressed hydrogen technology to develop sustainable, clean energy supply chains across Europe.
The company combines proven technology and unique IP for cost-effective hydrogen storage and transport solutions, with a first-mover advantage through its proprietary ship design and low-cost delivery.
Provaris has established strong strategic partners across Europe, enhancing its credibility in delivering hydrogen to market
In addition to green hydrogen, the company is leveraging its tank IP for application into the established CO2 storage and shipping market.
Overview
Provaris (ASX:PV1), a leading innovator in the green hydrogen sector, is well-placed to become integral to the European green hydrogen supply chain through its groundbreaking compressed hydrogen solutions. The company focuses on developing regional projects that span the entire value chain, from production to export, with a particular emphasis on delivering hydrogen with the highest energy efficiency and the lowest cost.
With a vision to develop a portfolio of integrated green hydrogen projects, Provaris leverages its proprietary tank IP and innovative ship design, with a focus on collaborating with world-class partners.
Compression supports the development of simple, scalable and energy-efficient green hydrogen supply chains for the European market.
Provaris stands at the forefront of the green hydrogen revolution, dedicated to developing innovative and efficient supply chains for zero-carbon energy in the European region. With its rapid adoption of green hydrogen, the European market presents a golden opportunity for Provaris. As countries across the continent seek to decarbonize their economies, the demand for sustainable energy sources has skyrocketed. Provaris’ use of compressed hydrogen technology offers a compelling solution to the logistical challenges associated with hydrogen distribution, replacing complexity with simplicity to lower the delivered cost.
Core Product: H2Neo Carrier
At the heart of Provaris’ innovative H2Neo carrier solution is its proprietary compressed hydrogen technology. The H2Neo offers a more efficient and cost-effective alternative to traditional methods of hydrogen storage and transport. These carriers are designed to address the growing global demand for hydrogen while overcoming the logistical challenges associated with green hydrogen distribution.
Key Features and Benefits
Enhanced Safety: Provaris’ compressed hydrogen technology prioritizes safety in storage and transportation.
Cost-effectiveness: By eliminating the need for complex liquefaction or ammonia synthesis processes, the company's solutions reduce overall costs.
Scalability: The technology is adaptable to various project sizes, from regional supply chains to large-scale international exports.
Environmental Sustainability: Compressed green hydrogen aligns with global efforts to reduce carbon emissions and transition to cleaner energy sources.
Recent Concept Design Study reaffirms simplicity and efficiency of compressed hydrogen enables low-cost supply for Europe.
Innovative Vessel Designs
Complementing its innovative compressed hydrogen technology, Provaris is developing new vessel designs specifically tailored for hydrogen transport. These specialized ships are engineered to safely and efficiently carry compressed hydrogen across maritime routes, opening up new possibilities for international green energy trade.
CO2 Storage and Transport
As part of its commitment to sustainable energy solutions, Provaris is expanding its portfolio to include CO2 storage technologies. This strategic move aligns with the company's core competencies in gas handling and storage, while addressing the growing demand for large scale CO2 storage and transport solutions in the European market, and beyond.
Provaris is leveraging its expertise in compressed gas handling to develop innovative CO2 solutions, through the following strategies.
Adapting Hydrogen Tank Designs: The company is modifying its proprietary compression systems to efficiently capture and store CO2 from industrial processes.
Collaboration with Global Partner: Provaris announced a Joint Development Agreement with Yinson Product AS, a global energy infrastructure and technology company, which is developing CO2 infrastructure and supply chains.
Extension to Onshore Storage Solutions: Utilizing its experience in gas storage, Provaris is developing land-based facilities for intermediate CO2 storage before permanent sequestration.
Strategic Partnerships
At the forefront of Provaris Energy's European strategy is a groundbreaking Memorandum of Understanding (MoU) with Norwegian Hydrogen and Germany-based international energy company Uniper Global Commodities. This tripartite agreement marks a pivotal step in developing hydrogen supply chains, leveraging each partner's unique strengths.
The collaboration strategically capitalizes on the Nordic region's geographical advantages, facilitating efficient hydrogen distribution across Europe, with a particular focus on the German market. Germany is reliant on the import of over 70 percent of its hydrogen demand by 2030. This partnership not only underscores Provaris' role as an enabler for hydrogen transport at scale, but also a commitment by Uniper to support the development of Provaris’ unique approach.
A significant milestone is expected in the December 2024 quarter, including a maiden Term Sheet for supply and offtake.
Provaris also has a joint development agreement with Yinson Production, a global energy infrastructure and technology company, to explore CO₂ storage and marine transportation solutions, leveraging Provaris' hydrogen tank technology for enhanced carbon capture capabilities.
In The Netherlands, Provaris is collaborating with Global Energy Storage (GES) to develop a bulk-scale hydrogen import facility within Rotterdam’s global energy hub. The agreement involves the completion of a comprehensive prefeasibility study to demonstrate the technical and economic viability of berthing and unloading of Provaris’ H2Neo compressed hydrogen carriers. Provaris will be responsible for the transportation of the hydrogen in the H2Neo carriers and GES will be responsible for the discharge and injection into the hydrogen grid.
CleanTech Lithium PLC (AIM: CTL, Frankfurt:T2N, OTCQX:CTLHF), an exploration and development company advancing sustainable lithium projects in Chile, is pleased to provide a corporate activity update which includes appointment of Anthony (Tony) Esplin as the Chief Executive Officer Designate ("CEO Designate") and an update to the planned Australian Securities Exchange ("ASX") listing.
Mr Esplin, who has over 30 years of experience at international mining companies including in Latin America, Australasia and Indonesia, is joining the Company with immediate effect under a part-time consultancy contract and will subsequently assume the role of CEO on a full-time basis, and become a board director, once the Company lists on the ASX.
Given the various holidays and the fact that the Company needs to update the ASX prospectus a decision was made to target the ASX listing in early Q1 2025.
The Company confirms it is working towards submitting the Special Lithium Operating Contract ("CEOL") for the Laguna Verde project before the deadline of 31st December 2024.
Significant quantities of battery-grade lithium carbonate will be produced before the end of the year for potential strategic partners to start product qualification.
Steve Kesler, Executive Chairman and Interim Chief Executive Officer, CleanTech Lithium PLC, said:
"We are delighted that Tony has agreed to join us as CEO, initially under a consultancy arrangement to assist us with our planned ASX listing, and then as our full-time CEO once we commence trading on the ASX. This concludes a relatively long process to identify the right candidate for this important role and we were very encouraged at the quality of the candidates who were keen to take up the reins at CleanTech Lithium.
"Tony's experiences of leading challenging international gold and base metal projects of scale through development into production, especially in Latin America, will be invaluable as the Company moves our Laguna Verde project forward towards the commercial production of battery grade lithium from 2027 onwards. As a fluent Spanish speaker, he will also be in prime position to engage with the Chilean Government, regulatory bodies and especially the local communities whose continuing support for our projects will be critical to their success.
"In the meantime, I will continue in my role as Executive Chairman intending to move back to being the Company's Non-Executive Chairman when our Board believes the time is right. I look forward to working with Tony and continue to be confident in the future potential of our Company".
Tony Esplin, CEO Designate, said:
"I am excited to be joining CleanTech Lithium and looking forward to the opportunity to work in Latin America again. It is well known that the lithium market is going through a challenging time, but all analysts agree that the lithium price will recover in due course to meet the growing international demand for EVs and other forms of battery storage. In the meantime, CleanTech Lithium has placed itself very nicely to be the next major mover in the lithium sector in Chile, through the use of Direct Lithium Extraction ("DLE") and by adopting more sustainable methods of extracting lithium for a market keen to see more "green lithium" supply. We intend to be delivering on this vision for our shareholders over the next few years.
"I am impressed at the results I have seen from the Company's DLE pilot plant and downstream processing, as well as the innovative community relations programmes where the Company has entered into alliances with local communities and universities. I look forward to working with the Board, management and staff to deliver a successful project at Laguna Verde. Whilst that project will be our major focus for the time being, we also have other assets in Chile which we can progress over time, adding real upside to our Company's value proposition for investors".
Appointment of CEO Designate
Since April 2024, when the Company's Executive Chairman, Steve Kesler, also took on the role of Interim CEO, the Board has been actively searching for a CEO with the skills and experience to move the Company from its early "exploration & technical testing phase" in Chile towards a "development and production phase" on its key assets. This role requires experience in driving and managing mineral resource projects in Latin America, delivering on development plans, raising the necessary funds for such projects and working with Government representatives and local communities to ensure those projects achieve their objectives in a sustainable manner. Following completion of the Laguna Verde "PFS" due to complete in Q1 2025, the Company will enter a new phase. Key activities will be bringing in a strategic partner, negotiating offtake agreements, completing the Definitive Feasibility-Study "DFS", permitting and putting in place the project finance to start construction and commencement of production at Laguna Verde, which is anticipated by end 2027. The Company has been working with executive search firm Heidrich & Struggles, based out of Melbourne Australia, to identify the best candidate for this important role and the Board is confident that Tony Esplin is the right appointment.
Tony Esplin
Mr Esplin is an Australian national who has over 30 years' experience in mining including at senior executive and board level positions primarily with tier one gold and base metals producers, including with Newmont Corporation, which ranked for more than a decade amongst the leading miners on the Dow Jones Sustainability World Index.
He has significant experience in managing large-scale emerging markets assets, including in Peru, Mexico, Suriname, Indonesia, Australia and Papua New Guinea ("PNG"). Mr Esplin worked and lived for over 12 years in Latin America and is fluent in Spanish. Most recently, he was Chief Operating Officer at Discovery Silver Corporation, a TSX-listed company with development projects in Mexico, where he also had broader responsibilities in developing project finance options and investor relations.
Prior to this, Mr Esplin spent three years as Executive Managing Director of Barrick Niugini, responsible for all facets of the business in PNG. Barrick Niugini is a joint venture between Barrick Gold and Zijin Mining and the role involved challenging negotiations with the PNG Government, regulators and with local community stakeholders, as well as establishing complex licence extensions.
Before Barrick Niugini Mr Esplin spent over 10 years at Newmont in various roles including as General Manager for the Suriname Merian project, a joint venture with state-owned petroleum company, Staatsolle Maatschappij Suriname N.V., which was successfully brought onto commercial production on time and under budget. The role encompassed all aspects of managing the business in Suriname.
Before that, Mr Esplin spent 10 years at Newmont´s Yanacocha project in Peru, latterly as General Manager Operations responsible for mining, processing and infrastructure activities.
Anthony (Tony) Ian Esplin, aged 58, has held the following directorships and/or partnerships in the past 5 years:
Current
Past
Sierra Nevada De Santa Maria Pty Ltd
Barrick (Nuigini) Limited
Mr Esplin currently holds no ordinary shares or other securities in the Company.
There is no further information on Tony Esplin required to be disclosed under Schedule Two, paragraph (g) (i)-(viii) of the AIM Rules for Companies.
Mr Esplin will support the Board immediately in the planned dual listing on ASX in a part-time consultancy role, with his full-time appointment commencing immediately upon the Company listing on the ASX. A further announcement will be made on that in time. He will be based in Australia increasing CleanTech Lithium's profile with investors, analysts and media before and after the ASX listing, developing relationships with potential strategic partners and off-takers whilst travelling to Chile to work with the team on the Company's projects, build a team with capacity to take the Laguna Verde project into production and liaise with Government, regulators and local communities.
Steve Kesler will continue as Executive Chairman for a few months to support Mr Esplin in his new position and will then step back to being Non-Executive Chairman as corporate governance guidelines in UK and Australia recommend.
After thorough discussion with the Company's ASX advisors, the Company considered various time constraints, including Australian summer holidays, and decided that it will be better positioned for a successful ASX listing by proceeding in early Q1 2025. This is a strategic move as the revised timeline means the Company will have produced substantial amounts of battery grade lithium carbonate for potential strategic partners to start product qualification, will have submitted the CEOL application for the Laguna Verde project and will be nearing completion of the Laguna Verde PFS. This will ensure the timing of the proposed listing is optimal to deliver the highest possible value to investors. It will also allow Mr Esplin to get up to speed on the Company's position and plans and then actively participate in the ASX listing.
CEOL application and sample lithium product
The Company is working towards submitting the CEOL for the Laguna Verde project before the deadline of 31st December 2024 and a further announcement confirming submission will be made in due course.
As announced on 21st November 2024, the downstream conversion process is successfully producing pilot scale samples of lithium carbonate. CleanTech Lithium is a leader in Chile in producing lithium carbonate using Direct Lithium Extraction ("DLE") at the pilot scale, marking a major milestone for the Company. The samples will be sent to a laboratory to confirm the grade and impurity profile, which is expected to be battery-grade and prepared for strategic partner qualification.
The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018. Upon publication of this announcement, this inside information is now considered to be in the public domain. The person who arranged for the release of this announcement on behalf of the Company was Gordon Stein, Director and CFO.
Beaumont Cornish Limited ("Beaumont Cornish") is the Company's Nominated Adviser and is authorised and regulated by the FCA. Beaumont Cornish's responsibilities as the Company's Nominated Adviser, including a responsibility to advise and guide the Company on its responsibilities under the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed solely to the London Stock Exchange. Beaumont Cornish is not acting for and will not be responsible to any other persons for providing protections afforded to customers of Beaumont Cornish nor for advising them in relation to the proposed arrangements described in this announcement or any matter referred to in it.
Notes
CleanTech Lithium (AIM:CTL, Frankfurt:T2N, OTCQX:CTLHF) is an exploration and development company advancing lithium projects in Chile for the clean energy transition. Committed to net-zero, CleanTech Lithium's mission is to become a new supplier of battery grade lithium using Direct Lithium Extraction technology powered by renewable energy.
CleanTech Lithium has two key lithium projects in Chile, Laguna Verde and Viento Andino, and exploration stage projects in Llamara and Arenas Blancas (Salar de Atacama), located in the lithium triangle, a leading centre for battery grade lithium production. The two most advanced projects: Laguna Verde and Viento Andino are situated within basins controlled by the Company, which affords significant potential development and operational advantages. All four projects have good access to existing infrastructure.
CleanTech Lithium is committed to utilising Direct Lithium Extraction with reinjection of spent brine resulting in no aquifer depletion. Direct Lithium Extraction is a transformative technology which removes lithium from brine with higher recoveries, short development lead times and no extensive evaporation pond construction. www.ctlithium.com
Energy Technologies (ASX:EGY) is redefining its business strategy with a new focus on the burgeoning renewable energy sector in Australia. CEO Nick Cousins said this new direction was catalysed by a strategic review initiated 18 months ago.
"We're looking at what is essentially a new business," said Cousins in an interview with the Investing News Network, highlighting the fundamental shift to capitalise on tailwinds supporting renewable energy initiatives.
The Energy Technologies chief executive also provided insights into his company’s strategic alliances with Gantner Instruments and the Tratos Group, which form the cornerstone of the firm's expansive new product lineup.
The partnership with Germany-based Gantner Instruments allows Energy Technologies to present a full-spectrum offering that integrates control systems directly with the cables it manufactures, Cousins explained.
"They're a market leader in control and automation of utility-scale (photovoltaic) plants," he said.
The agreement with Tratos Group, on the other hand, allows Energy Technologies to add medium- and high-voltage cables and overhead transmission lines to its product offerings for the renewable energy sector.
“To my knowledge, there is no other cable manufacturer in the Australian market that's offering a one-stop solution into the utility-scale market for solar,” Cousins said.
Watch the full interview with Nick Cousins, CEO of Energy Technologies, above.
Disclaimer: This interview is sponsored by Energy Technologies (ASX:EGY). This interview provides information which was sourced by the Investing News Network (INN) and approved by Energy Technologies in order to help investors learn more about the company. Energy Technologies is a client of INN. The company’s campaign fees pay for INN to create and update this interview.
INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled.
The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with Energy Technologiesand seek advice from a qualified investment advisor.
This interview may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, receipt of property titles, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. The issuer relies upon litigation protection for forward-looking statements. Investing in companies comes with uncertainties as market values can fluctuate.
Energy Technologies Limited (ASX: EGY or “the Company”) is pleased to announce the Manufactured and Purchased Sales Divisions have been awarded their first cable supply contract since adoption of the Company’s revised business plan (as to which refer ASX Announcement of the 31st October).
EGY submitted a $4.2m tender in respect of a major infrastructure project in NSW, with a tier 1 provider of transport solutions headquartered in Europe, with global annual revenues exceeding €80 billion, and has been awarded an initial package comprising low voltage, signalling cable in an amount of $860k. The Company is awaiting the outcome of the remaining tendered packages.
As detailed in the 31st October ASX Announcement, EGY is averaging the submission of two (2) tenders per month – all associated with larger scale projects and including opportunities across the Manufactured, Purchased and Renewable Energy Divisions of the Company.
As at the 31st October 2024, the live tender book comprised:
eight (8) tenders; of which
seven (7) have now closed (and EGY awaits decision as to participation); with
gross tender value of c. $34.6m (including the above referenced project); and
tender value range from $1.3m to $8.0m.
EGY Acting CEO, Nick Cousins said, "The successful awarding of the project package, coupled with the growing value of the live tender book, is a strong affirmation of the Boards commitment to the revised business plan. The strategic collaboration across the Manufactured, Purchased, and Renewable Energy Divisions has not only equipped EGY with the necessary resources but also enhanced the Company’s capability to compete effectively on both price and quality. This integrated approach positions the Company to capture a significantly broader and more expansive addressable market, driving long-term growth and value for all stakeholders."
This article includes content from Energy Technologies Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
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