Our business Model
As for enabling responsible mining as a key part of the battery value chain, with focus on ethical sourcing and traceable battery minerals, the mining company is convinced that the benefits of this is not only to provide a safe and sound work environment for miners and enable responsible mining. It’s also a clear business benefit to provide ethical and traceable battery minerals as all major automotive manufacturers, and their customers, are increasingly demanding increased transparency from the mineral providers. Eurobattery Minerals is open to look at different business models such as partnerships or joint ventures whenever it is commercially appropriate.
Our project phases
Eurobattary Minerals has a project process that is divided in six different stages; exploration, resource definition, scoping study, feasibility study, development and production. The company has two ongoing and parallel battery minerals projects in different stages of the process.
Eurobattery Minerals explores several different minerals, but the focus is on nickel, cobalt, copper and rare earth elements (REE) that are critical to the expanding electric vehicle and clean energy battery market.
Cobalt a hard, silver gray metal with chemical designation Co. The metal has many applications including for the manufacture of permanent magnets, batteries and metal alloys. Cobalt can also be used in medicine, dental care and other biotechnological areas. Demand for cobalt is expected to increase over the next years due to a growing market for electric vehicles with batteries as well as clean energy applications. Cobalt is often mined as a by-product in the extraction of other metals, often nickel or copper.
Copper (Cu) is a reddish metal that resists most oxidizing acids. Copper is the second best electric conductor after silver. The metal is also a good thermal conductor and the most common metal in electrical cables and electronic circuit boards. Copper is usually extracted from the mineral copper canopy (CuFeS2) and copper sheen (Cu2S). The metal is completely recyclable.
Nickel (Ni) is a hard, magnetic, silver white, high gloss metal. Its most important use is in alloys. The majority of the nickel consumed in the western world is used to produce stainless steel, superalloys, rechargeable batteries and catalysts. Most of the extracted nickel is found in two types of ore deposits. One is laterite with nickel-containing limonite: (Fe, Ni) O (OH) and garnierite: (Ni, Mg) 3 Si2O5 (OH). The other is magmatic sulfur deposits where the main ore mineral is pentlandite: (Ni, Fe) 9S8.