While Coniagas Battery Metals Inc. (TSXV:COS) is focusing primarily on exploration drilling to expand deposit size and establish a NI43-101 report at its flagship nickel-copper-cobalt Graal property in Northern Quebec….

……it is also examining the possibility of becoming a toll processor for metal-rich cobalt-copper stockpiles currently stored in the DRC and concentrates in offshore warehouses, using its proprietary Re-2Ox processing technology.

The stockpiles are from artisinal mining and are available because they lack the sulphides that mills require for smelting.

But Re-2Ox is highly suitable to do the processing……..since it is a purely hydrometallugical process and doesn’t use smelting or pyrometallurgy (burning), and is ESG-compliant and energy efficient.

Coniagas CEO Frank Basa, a metallurgical engineer who developed Re-2Ox, speaks about it in a video interview with Steve Darling of Proactive Investors.

Link to the 6-minute video
https://www.proactiveinvestors.com/companies/news/1054298/coniagas-battery-metals-advances-ev-market-with-sourcing-and-sustainable-processing-technologies-1054298.html?region=CA

Link to the news release about the stockpiles:
https://coniagas.com/news/2024/cobalt-copper-concentrates-identified-for-processing-using-re-2ox/

Link to the news release about Coniagas being invited to the DRC:
https://coniagas.com/news/2024/invitation-to-drc-by-madame-governor-of-lualaba-for-potential-feedstock/

Please contact us with any questions or concerns.

Wayne

Wayne Cheveldayoff
Corporate Communications
Nord Precious Metals Mining Inc. (TSXV: NTH; OTCQB: CCWOF; Frankfurt: 4T9B)
Coniagas Battery Metals Inc. (TSXV: COS, OTC Pink CNBMF)
Granada Gold Mine Inc. (TSXV: GGM; OTC: GBBFF; Frankfurt: B6D)
[email protected]
mobile 416-710-2410
https://www.nordpreciousmetals.com/
https://granadagoldmine.com/
https://coniagas.com/

Summary of video written by Proactive:

Coniagas Battery Metals Advances EV Market with Sourcing and Sustainable Processing Technologies

Coniagas Battery Metals (TSX-V:COS) CEO Frank Basa joined Steve Darling from Proactive to provide an update on the company’s strategic advancements as it aims to become a major player in the electric vehicle (EV) metals market. In its continued pursuit of growth, Coniagas is focusing on expanding its strategic sourcing capabilities and exploring potential processing opportunities, which could significantly enhance its competitive position in the industry. One of the key strategies Basa discussed is the potential integration of the innovative Re-2Ox process as a toll operator.

The Re-2Ox is a cutting-edge hydrometallurgical process designed for the extraction and production of cleaner, low-carbon, battery-grade materials. Unlike traditional smelting methods, Re-2Ox eliminates the need for high-temperature processing, which substantially reduces the environmental impact associated with metal production. This environmentally friendly approach aligns with the growing demand for sustainable practices within the EV industry, positioning Coniagas as a forward-thinking leader in the market. Basa also highlighted the company’s success in securing potential monthly shipments of 200 to 500 tonnes of cobalt-copper concentrates from European warehouse operators. This strategic sourcing ensures a consistent and reliable supply of high-quality raw materials, which is crucial for maintaining continuous production. In addition to these European sources, Coniagas has also secured significant stockpiles in the Democratic Republic of Congo, totaling approximately 30 million tonnes.

These stockpiles boast industry-leading grades, ranging from 1% to 6.5% copper and from 0.05% to 4.5% cobalt, further reinforcing the company’s strong position in the EV metals supply chain. This expansionary approach is a key component of Coniagas’ “Feed First” strategy, which prioritizes the identification and acquisition of reliable, long-term sources of metals. By ensuring a stable and resilient supply chain, Coniagas is well-positioned to support the growing demand for EV batteries and related technologies. The combination of sustainable processing through Re-2Ox and strategic sourcing from both European and African suppliers underscores Coniagas’ commitment to leading the charge in the EV metals market. As the company continues to advance its strategic initiatives, Coniagas Battery Metals is poised to play a pivotal role in the global transition to electric vehicles, offering innovative solutions that meet both the environmental and operational needs of the industry.