eCobalt Solutions Inc. (TSX:ECS) announced that it continues to make progress at its Idaho cobalt project (ICP). It says that laboratory-scale testing has shown that arsenic can be removed from ICP ore concentrates via conventional roasting methods.
As quoted in the press release:
These successful results support the Company’s new direction to produce a clean (low arsenic content) cobalt concentrate product, an upstream precursor material for battery cathode production, that may result in material reduction of capital and operating cost at the Cobalt Production Facility (“CPF”). This product change and other project optimization efforts, as announced by the Company on December 7, 2017, have the potential to result in a significant improvement in economics for the ICP. This new opportunity is being pursued in response to changes in battery supply chain dynamics and in-depth discussions with potential offtake partners.
Paul Farquharson, president and CEO of eCobalt, commented:
The successful test results to remove arsenic is a significant positive development as we can demonstrate to potential offtake partners that a clean cobalt concentrate with arsenic levels below 1% can be produced from the ICP. This confirmation advances ongoing offtake discussions and further reduces the technical and execution risks of the project. This new development has the potential to decrease total capital requirements without altering the project’s initial timeline.