Post by
Wasisname on Jun 25, 2024 7:00am
The missing link
The federal and provincial governments have been shelling out billions of dollars of incentives to attract battery plants for EV production. CRE had done an engineering study for a lithium hydroxide monohydrate plant (see August 11, 2022 news release). Since lithium hydroxide or carbonate conversion is the missing link to supply feedstock to say, Northvolt for example, do you suppose that, with the right partner and some of the government funding, CRE may be working toward funding for the conversion plant in conjunction with the mine/mill facility? Based on a PEA study in 2022 by Piedmont, CRE’s capital requirement would probably be double ($1.2 B vs $600M) the mine/mill requirement if they were to include a conversion plant. It may be a longshot but who knows what is going on behind doors with CRE. They certainly have had time (like 1.5 f’ing years) since permit approvals to consider it.