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Memorandum of Understanding (MoU) contemplates a joint venture agreement providing Hannans with rights to recover high purity metals from LiB using a LiB recycling technology that:
is safe, sustainable, low energy and low CO2 when compared to incumbent technologies; and that
has been the subject of comprehensive pilot plant and validation test work programs.
Hannans shareholders are poised to benefit from long term R&D investment into the LiB recycling technology and the high quality strategic partnerships entered into by the technology owner.
Growing volumes of scrap and spent LiB contain significant nickel, cobalt, lithium and manganese content. The LiB recycling technology the subject of the MoU unlocks that embedded value.
Hannans’ pursuit of sustainable methods to produce metals for consumption will ensure it meets the high environmental, social and governance (ESG) standards society has set for the resources industry.
Update on Battery Recycling and Recompliance