The Conversation (0)
Coniagas Battery Metals is advancing its Graal nickel-copper-cobalt project in Quebec towards production, potentially becoming the next new nickel mine in the Canadian province. With nearly 16,000 meters of diamond drilling (in addition to the 6,885 meters of historic drilling) completed at the project, Coniagas plans to undertake an aggressive drilling program to expand the deposit area and deliver a maiden NI 43-101 resource report.
The Graal project is in line with the Canadian government’s Critical Minerals Strategy that aims to create domestic supply sources of critical minerals in the country. Currently, the supply of these critical minerals is dominated by countries such as China, Russia, Indonesia, Peru, Chile and Congo. Graal is in a much safer jurisdiction and is ideally positioned to become a reliable supplier of clean energy metals.
The company is also planning to build a processing facility in Quebec leveraging its proprietary Re-2Ox process, a closed-loop hydrometallurgical process that extracts metals without any discharge or smelting, thereby exceeding environmental compliance standards. The processing facility will help Coniagas convert the mined minerals into battery-grade metals.
Company Highlights
- Coniagas Battery Metals is a Canadian company focused on developing critical minerals such as nickel, copper and cobalt.
- Coniagas Battery Metals was demerged from its parent, Nord Precious Metals Mining (formerly Canada Silver Cobalt Works), which announced the separation of its business in two – Nord Precious Metals (focused on silver-cobalt) and Coniagas Battery Metals (focused on copper-nickel-cobalt).
- Coniagas’ flagship project is the Graal nickel-copper-cobalt property in Quebec, Canada, with excellent infrastructure in terms of low-carbon hydroelectricity, road access and proximity to major battery manufacturing facilities in eastern North America.
- Coniagas intends to use a proprietary Re-2Ox processing technology, a closed-loop hydrometallurgical process that extracts metals without any discharge or smelting, thereby exceeding environmental compliance standards.
- $6 million has been spent so far on the project with historic drillings that produced extremely encouraging results, with geologists excited that it has the potential to be a large mine. The company will focus on exploration drilling in 2024 to expand the mineralized deposit zone and deliver a maiden resource report.
- Critical minerals are in high demand, driven by their application in electric vehicles. Coniagas intends to develop into a supplier to the electric vehicle (EV) market.
- The Graal project fits perfectly into the Canadian government’s Critical Minerals Strategy that plans to create domestic supply sources of critical minerals in the country.
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