Canada Silver releases website for Re-20x process
2021-03-08 11:49 ET – News Release
Mr. Frank Basa reports
CANADA SILVER COBALT WORKS LAUNCHES RE-2OX WEBSITE FOCUSED ON BATTERY RECYCLING
Canada Silver Cobalt Works Inc. has released a new website for the battery recycling initiative utilizing the proprietary, environmentally friendly hydrometallurgical process. The Re-2Ox process has already been successfully used in the development of a cobalt sulphate compound for end-use in lithium-ion batteries. Now, the company is seeking to use this process in the recycling of spent lithium-ion batteries and other recyclables that contain metals of value.
Highlights
- Re-2Ox website is now on-line;
- Potentially 90 per cent of recyclable battery material will be available for processing with no known global recycling capacity availability; and
- Re-2Ox process is amenable to feedstock of used battery material which is now widely available.
Chief executive officer Frank J. Basa, PEng, commented: “We strongly considered this initiative a few years ago but initial research turned up a lack of feedstock at that time, but this has now changed. With feedstock currently available and coupled with the Re-2Ox process, the path is clear for the company to develop what can be a robust and ever-increasing potential income stream by providing future tolling services for the treatment of used batteries.”
The percentage of a Li-ion battery’s weight that comes from valuable cathode material is 30 to 40 per cent with the value of the lithium-ion battery market projected to be upward of $70-billion next year according to the International Energy Agency, U.S. Department of Energy.
If current trends for handling these spent batteries do not change, the majority will end up in landfills despite the fact that Li-ion batteries can be recycled. These batteries contain valuable metals and other materials that can be recovered, processed and reused; however, little recycling goes on today. The opportunity is right in front of us as the world stands at the inception of a megatrend or global shift away from carbon-producing transport to electrified transport. To date, the media focus has been on the front-end savings without addressing the back end, which has to be recognized if green goals are to be fully realized. The company sees this as a major opportunity that will grow for decades as these now-established megatrends continue to accelerate, not just in North America but around the world.
About Canada Silver Cobalt Works Inc.
Canada Silver Cobalt Works released the first-ever resource in the Gowganda camp and greater Cobalt camp in May, 2020. A total of 7.56 million ounces of silver in inferred resources, comprising very high-grade silver (8,582 grams per tonne uncut or 250.2 ounces per ton) in 27,400 tonnes of material from two sections (1A and 1B) of the Robinson zone, beginning at a vertical depth of approximately 400 metres, was identified. The discovery remains open in all directions (1A and 1B are approximately 800 metres from the Capitol mine workings) (mineral resources that are not mineral reserves do not have demonstrated economic viability) (refer to Canada Silver Cobalt Works press release May 28, 2020).
Canada Silver Cobalt’s flagship Castle mine and 78-square-kilometre Castle property feature strong exploration upside for silver, cobalt, nickel, gold and copper in the prolific past-producing Gowganda high-grade silver district of Northern Ontario. With underground access at Castle, a pilot plant to produce cobalt-rich gravity concentrates on site, a processing facility (TTL Laboratories) in the town of Cobalt and a proprietary hydrometallurgical process known as Re-2Ox for the creation of technical-grade cobalt sulphate as well as nickel-manganese-cobalt formulations, Canada Silver Cobalt is strategically positioned to become a Canadian leader in the silver-cobalt space.
We seek Safe Harbor.
https://canadasilvercobaltworks.com/
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