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Bullboard - Stock Discussion Forum GT Resources Inc V.GT

Alternate Symbol(s):  CGTRF

GT Resources Inc., formerly Palladium One Mining Inc., is a Canada-based mineral exploration and development company. The Company is focused on discovering critical green transportation metals. It targets district scale, nickel-copper sulfide and platinum-group-element (PGE) deposits in Canada and Finland. The Company’s Canada projects include Tyko, Ontario; Disreali, Ontario; Canalask, Yukon... see more

TSXV:GT - Post Discussion

GT Resources Inc > NN Harjavalta
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Post by danale on Apr 19, 2021 7:06pm

NN Harjavalta

Moscow, April 19, 2021 — Nornickel, the world’s largest producer of palladium and high-grade nickel and a major producer of platinum, cobalt and copper, has signed a term sheet with Johnson Matthey (JM) on long-term supply of critical metals for their battery materials production in Finland.
Earlier in April Nornickel announced plans to ramp up sustainable nickel and cobalt production at its refinery in Finland — NN Harjavalta — in response to the growing European demand for high quality and responsibly sourced metals for the EV industry. NN Harjavalta’s product range will be playing an important role in satisfying Johnson Matthey’s requirements for its precursor and cathode active materials production in Finland as well as for its existing factory in Poland.
Johnson Matthey announced the development in Finland of its second commercial plant with a nameplate capacity of 30 kt of ultra-high energy density cathode materials required by EV producers. The factory will be powered solely by renewable energy and incorporate an innovative effluent treatment solution.
Nornickel and Johnson Matthey have also signed a memorandum of understanding to explore options to further extend metal supply in the future
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NN Harjavalta became part of the Nornickel Group in 2007.
Harjavalta plant primarily processes the Company’s Russian feedstock, using the advanced technology of sulphuric acid leaching for nickel semi-products and boasting the best-in-industry global solution with the metal recovery rates of over 98%. The plant has a total nickel processing capacity of 66 ktpa
 
In Q2 2017, the refining facilities of Kola MCC (Monchegorsk, Russia) started to gradually increase their nickel feedstock supplies to NN Harjavalta in line with the Group’s downstream reconfiguration strategy
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If KS project were to deliver on the nickel potential, PDM would be of great interest to Nornickel.
Same goes for palladium.
I’m sure Finns would “encourage” Nornickel to use Finnish feedstock
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