Critical mineral refining facility, Africa
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Name of the Project
Critical mineral refining facility.
Location
Africa.
Project Owner/s
Provider of high-performance refining capacity of rare earth and critical battery elements ReElement Technologies Corporation, and South Africa-headquartered multidisciplinary investment holding company Novare Holdings.
Project Description
ReElement and Novare plan to develop integrated refining facilities across Africa to produce high-purity lithium carbonate, rare-earth oxides and other critical minerals using ReElement’s proprietary chromatographic separation and purification platform.
The facility will be supplied with locally and regionally sourced raw materials to support the growing demand in the battery and defence industries in Africa and North America.
Potential Job Creation
Not stated.
Net Present Value/Internal Rate of Return
Not stated.
Capital Expenditure
$100-million.
Planned Start/End Date
Development of the refining facility is expected to start by the second half of 2025.
Latest Developments
None stated.
Key Contracts, Suppliers and Consultants
Not disclosed.
Contact Details for Project Information
ReElement Technologies Corporation, tel +1 317 855 9926.
Novare Holdings, tel +27 11 447 9605 or email info@novare.com.
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