Coniagas Battery Metals (TSX-V:COS) announced that it has engaged SGS in Quebec to help it pursue funding and technological advancement in the cobalt, nickel, copper and zinc sectors to establish a state-of-the-art battery metals production facility in the province.
SGS is a globally recognized leader in inspection, verification, testing and certification.
The company said the core objective of the agreement with SGS is to align Coniagas with its access to Nord Precious Metals Mining’s Re-20X production process.
“The rigorous testing at SGS will fortify our existing data, ensuring we are at the forefront of delivering high-quality battery metals to the dynamic EV market,” Matthew Halliday, a member of the Ordre des géologues du Québec and qualified person for Coniagas, commented.
“This partnership underscores our dedication to being a critical player in the supply chain, collaborating with partners both upstream and downstream."
Coniagas CEO Frank Basa added: “This collaboration strengthens our grant application documentation and funding strategies, ensuring we are well-prepared to support and advance our projects in the battery metals space."
He highlighted that the Re-2Ox process is fully hydrometallurgical with no smelting.
“Hydrometallurgical processes typically offer a much less carbon-intensive solution over traditional smelting. This is important as we want to supply critical elements like cobalt sulphate and nickel sulphate to a market that is actively decarbonizing,” Basa said.
“We want to shorten the supply chain to further reduce emissions and use clean, low-carbon energy from Quebec Hydro to achieve production goals.”
Coniagas shares moved higher on the update, adding 21.7% at C$0.14 in early trade on Tuesday.