Coniagas Battery Metals (TSX-V:COS) told investors it has now implemented its previously announced "Global Feed First" strategy, in collaboration with SGS Québec.
The strategy aims to position the company in the critical minerals sector by sourcing mineral feedstocks globally and producing battery-grade materials through the Re-2Ox hydrometallurgical process.
The collaboration with SGS Québec focuses on metallurgical testwork and strategic funding, progressing in two phases.
"Our collaboration with SGS is a key part of our strategy to create a vertically integrated supply chain that supports the entire battery metals ecosystem,” chief executive Frank Basa said in a statement.
“We are ensuring that our Re-2Ox process is versatile, scalable, and ready to meet the needs of not just the EV market, but also other industries that are driving toward a net-zero future.
“This global approach strengthens our position and aligns perfectly with our 'feed first' strategy."
The first phase involves establishing a framework for metallurgical testing, while the second phase focuses on refining funding strategies and scaling up the Re-2Ox process to meet the needs of the electric vehicle (EV) industry.
Additionally, Coniagas is advancing its Graal deposit in Quebec, conducting metallurgical tests to integrate global resources with local expertise.
This aligns with the company’s strategy to secure long-term sources of critical minerals and ensure a flexible supply chain.
The agreement with SGS was signed on May 15, 2024.