The Clean TeQ management team hosted its Battery Metals Day Webcast last week to discuss battery material market developments and to present the highlights of the Sunrise Project Execution Plan. To watch the webcast CLICK HERE
Sunrise will be one of the world’s largest integrated producers of battery metals, with a large, long-life, low cost resource base, and a design philosophy based on sustainability and innovation. To read the Mining News article CLICK HERE
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Clean TeQ is pleased to share the announcement released to the ASX regarding reaching a key milestone in the development of the Sunrise Project. The completion of the Sunrise Project Execution Plan (PEP) is the culmination of more than 12 months work by a dedicated and highly skilled team assembled with our key PEP partner, Fluor Australia. The PEP updates the Project’s 2018 Definitive Feasibility Study and includes revised cost estimates, design and engineering work completed to date, as well as a revised master schedule for the engineering, procurement, construction, commissioning and ramp-up of the Project.
Read the announcement HERE
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Dear Clean TeQ News Subscribers,
For your interest please find linked below an article discussing the battery materials challenges faced by the auto industry.
https://cleantechnica.com/2020/07/28/the-battery-mining-catch-22-threatening-the-ev-revolution/
Regards,
Investor Relations
Clean TeQ
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Our Managing Director and CEO Sam Riggall, recently spoke with Greg Robinson of Blenheim Partners were he shared about the organisation’s potential in providing safe drinking water and basic sanitation to almost a quarter of the world’s population, and the aim to revolutionise renewable energy and the automotive and aerospace industries.
Sam challenges us to consider where we are as a society, highlighting that the world is at a tipping point, especially with the technological advances that await us, and sheds light on the meaning behind how the rule book is being rewritten and those who succeed will be ones who adapt fastest.
Listen to the full podcast:
No Limitations Podcast | Sam Riggall | Innovation Is Just Hard Work
Apple: https://lnkd.in/gXfwAsS
Android: https://lnkd.in/g8TMp7R
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Dear Clean TeQ News Subscribers,
The news piece linked below reports on a recent workshop hosted by Francis Fannon, the U.S. assistant secretary of state for energy resources, which discussed some of the challenges faced by the rapidly growing clean energy industry in securing reliable, sustainable and ethical supplies of critical metals and minerals. Clean TeQ’s wholly owned Sunrise Nickel-Cobalt-Scandium Project in New South Wales, Australia is one of the largest and most cobalt-rich nickel laterite deposits in the world and is development-ready.
Regards,
Investor Relations
Clean TeQ
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Dear Clean TeQ News Subscribers,
We note for your interest the article linked below that provides further insight into the recent cobalt offtake deal announced between Glencore and Tesla.
https://www.mining.com/web/teslas-reluctant-commitment-to-cobalt-a-warning-to-others/
Regards,
Investor Relations
Clean TeQ
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Dear Clean TeQ News Subscribers
Please find attached HERE an important update from the company regarding a new scandium offtake heads of agreement and collaboration program with Relativity Space, Inc. to develop applications for scandium aluminium alloys for 3D printing of rockets.
As per the article linked below, both aerospace and automotive are progressing towards lighter, more corrosion resistant and durable alloys. We expect that Al-Sc alloys, with their demonstrated track record in critical defence and military applications, will be a front-runner in this space.
https://electrek.co/2020/07/21/tesla-cybertruck-elon-musk-change-alloy-electric-pickup/#more-141371
Regards,
Investor Relations
Clean TeQ
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Dear Clean TeQ News Subscribers,
As a follow on from yesterday’s note, we provide for your interest some of the further media commentary around Elon Musk’s recent public plea to mining companies: “It’s all about nickel. I’d just like to emphasize, any mining companies out there, please mine more nickel, OK. Wherever you are in the word, please mine more nickel. And don’t wait for nickel to go back to some long, some, high point that you experienced some five years ago or whatever. Go for efficient, you know, environmentally friendly, nickel mining at high volume. Tesla will give you a giant contract for a long period of time if you mine nickel efficiently and in an environmentally friendly way. So, hopefully this message goes out to all mining companies. Please get nickel.”
Regards,
Investor Relations
Clean TeQ
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Dear Clean TeQ News Subscribers,
Clean TeQ’s CEO recently wrote an open letter to auto makers HERE counseling them that cooperation with miners was required to secure the materials for the electric vehicle revolution: “Something more than Procurement 101 is required.” “As unpalatable as it may sound, the only real way to reliably secure the massive quantities of raw materials you each need, at a predictable and manageable cost, is to invest upstream to build the foundations of your supply chain.”
Unfortunately it seems Sam’s message is taking a while to get through to everybody, but rest assured, we are a long way away from giving up: Overnight Elon Musk telegraphed his own public plea to mining companies. “It’s all about nickel. I’d just like to emphasize, any mining companies out there, please mine more nickel, OK. Wherever you are in the word, please mine more nickel. And don’t wait for nickel to go back to some long, some, high point that you experienced some five years ago or whatever. Go for efficient, you know, environmentally friendly, nickel mining at high volume. Tesla will give you a giant contract for a long period of time if you mine nickel efficiently and in an environmentally friendly way. So, hopefully this message goes out to all mining companies. Please get nickel.”
(Telsa earnings call – 42:20 mark of the youtube clip linked below)
Once developed, Clean TeQ’s wholly owned Sunrise Battery Materials Complex in NSW, Australia, will be a large-scale supplier of nickel, cobalt and scandium which will:
Operate in the lowest quartile of the industry cost curve;
Use a direct-to-sulphate processing route to produce battery precursor feedstock at the mine site, thereby avoiding the need for untraceable third-party or offshore refining;
Be built within close proximity to solar or wind generation to provide options for zero carbon power connection;
Recycle as much water as possible;
Offer potential to integrate with downstream precursor and cathode production to reduce processing, handling and logistics costs;
Be able to use its refining capacity as a recycling circuit for spent batteries and cathode; and
Enable critical by-product alloy metals, like scandium, to develop lighter and stronger aluminum components for the automotive and aerospace sectors.
Sunrise will maintain the highest standards in health, safety, environmental management and community relations
Sunrise will not use marine tailings disposal
Sunrise will not use child labour
Regards,
Investor Relations
Clean TeQ
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