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BIG deal announced today. An excellent partner to provide feedstock for the battery recycling plant. The whole announcement is well worth reading.
SP has responded strongly.

PRIMOBIUS TO ENTER NORTH AMERICA WITH STELCO FOR RECYCLING OF ELECTRIC VEHICLE BATTERIES HIGHLIGHTS

• Primobius executes agreements to commercialise its recycling technology into North America, the fastest growing lithium battery production region, with leading Canadian steelmaker StelcoHoldingsInc. (TSX: STLC);

• Stelco plans to secure large volumes of end-of-life vehicles to source scrap steel feedstocks and recycle lithium-ion batteries in a proposed 50tpd integrated operation at its Lake Erie Works;

• Primobius will licence a Stelco battery recycling special purpose vehicle and hold an option to acquire between 25% and 50% equity by contributing its pro-rata share of sunk evaluation and development costs; and

• Allows Stelco to focus on feedstock and approval activities and Primobius on its demonstration trials, engineering studies and 10tpd commercial disposal operation in Hilchenbach, Germany

[URL unfurl="true"]https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02472361-6A1071054?access_token=83ff96335c2d45a094df02a206a39ff4[/URL]

<blockquote data-quote="basilio" data-source="post: 1152819" data-attributes="member: 18692">BIG deal announced today. An excellent partner to provide feedstock for the battery recycling plant. The whole announcement is well worth reading.SP has responded strongly.PRIMOBIUS TO ENTER NORTH AMERICA WITH STELCO FOR RECYCLING OF ELECTRIC VEHICLE BATTERIES HIGHLIGHTS • Primobius executes agreements to commercialise its recycling technology into North America, the fastest growing lithium battery production region, with leading Canadian steelmaker StelcoHoldingsInc. (TSX: STLC);• Stelco plans to secure large volumes of end-of-life vehicles to source scrap steel feedstocks and recycle lithium-ion batteries in a proposed 50tpd integrated operation at its Lake Erie Works;• Primobius will licence a Stelco battery recycling special purpose vehicle and hold an option to acquire between 25% and 50% equity by contributing its pro-rata share of sunk evaluation and development costs; and&nbsp;• Allows Stelco to focus on feedstock and approval activities and Primobius on its demonstration trials, engineering studies and 10tpd commercial disposal operation in Hilchenbach, Germany[URL unfurl=&quot;true&quot;]https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02472361-6A1071054?access_token=83ff96335c2d45a094df02a206a39ff4[/URL]</blockquote>

[QUOTE="basilio, post: 1152819, member: 18692"] [B][SIZE=6]BIG [/SIZE][/B] deal announced today. An excellent partner to provide feedstock for the battery recycling plant. The whole announcement is well worth reading. SP has responded strongly. [SIZE=6][B]PRIMOBIUS TO ENTER NORTH AMERICA WITH STELCO FOR RECYCLING OF ELECTRIC VEHICLE BATTERIES HIGHLIGHTS [/B][/SIZE] • Primobius executes agreements to commercialise its recycling technology into North America, the fastest growing lithium battery production region, with leading Canadian steelmaker StelcoHoldingsInc. (TSX: STLC); • Stelco plans to secure large volumes of end-of-life vehicles to source scrap steel feedstocks and recycle lithium-ion batteries in a proposed 50tpd integrated operation at its Lake Erie Works; • Primobius will licence a Stelco battery recycling special purpose vehicle and hold an option to acquire between 25% and 50% equity by contributing its pro-rata share of sunk evaluation and development costs; and • Allows Stelco to focus on feedstock and approval activities and Primobius on its demonstration trials, engineering studies and 10tpd commercial disposal operation in Hilchenbach, Germany [URL unfurl="true"]https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02472361-6A1071054?access_token=83ff96335c2d45a094df02a206a39ff4[/URL] [/QUOTE]

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