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Business model
Eurobattery Minerals is powering a cleaner world. The company explores and develops several nickel-cobalt-copper projects in Europe to supply battery minerals critical to the expanding electric vehicle and clean energy battery market.
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
Eurobattery 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 several ongoing and parallel battery minerals projects in the different stages of the process. Typically, around six in the exploration and drilling stages and two to three projects in resource definition, scooping- and feasibility study that transforms to development and production stages.
Exploration
- Reconnaissance drilling
- Geochemistry
- Geophysics
- Mapping
Resource definition
- Infill drilling
- Step-out drilling
Scoping study
- Preliminary technical study
- Preliminary economic study
Feasibility Study
- Detailed technical study
- Detailed economic study
Development
- Construction
- Commissioning
Production
- Full-scale metal production and delivery
Focusing on Europe
Eurobattery Minerals has a strategy to prospect and develop projects exclusively in Europe and provide battery minerals to Europe. The company currently has projects in Finland, Spain and Sweden.
Finland
Spain
Sweden
29
Cu
Copper
28
Ni
Nickel
23
V
Vanadium
42
Mo
Molybdenum
79
Au
Gold
47
Ag
Silver
82
Pb
Lead
30
Zn
Zink
REE
Battery minerals
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.
27
Co
Cobalt
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.
29
Cu
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.
28
Ni
Nickel
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.
23
V
Vanadium
Vanadium (V) is a steel-gray, relatively soft metal mainly used in metal alloys where small mixtures give significantly increased strength. Vanadium can also be used to make so-called flow batteries, which are particularly suitable for large-scale energy storage. Vanadium is mainly produced in China, South Africa and Russia. The entire EU demand is met by imports as there is no production of vanadium within the EU. In Sweden, mineral deposits with vanadium have been found in the provinces of Småland, Dalarna, Gästrikland, Härjedalen and Jämtland, in some places the metal has previously also been mined in small mines. In northern and southern Sweden (Jämtland and Skåne counties), there are currently some vanadium exploration permits.
REE
Rare Earth Elements (REE) – are a group of 17 elements that are all metals. The REE often occur together. The reason for the high demand for these metals is that they have unique properties and are indispensable in many products. The demand for the metals has increased dramatically in recent years, for example in wind turbines, mobile phones, catalysts and electric vehicles. Today, most of the world’s production of rare earth elements takes place in China, where more than 97 percent of global extraction takes place. Due to high demand, more resources are needed to secure the supply, especially for the EU, whose industries depend on the availability of REE.