Blackstone Minerals teams with South Koreas largest electric vehicle battery cathode producer

Blackstone Minerals Ltd (ASX:BSX) has entered a memorandum of understanding (MOU) with South Koreas largest electric vehicle (EV) battery cathode manufacturer, Ecopro BM.

The non-binding MOU outlines an alliance whereby Ecopro BM and Blackstone will work in partnership to develop a downstream processing facility in association with Blackstones Ta Khoa Nickel Project in northern Vietnam.

The intention of the MOU is for the parties to develop a suitable nickel, cobalt or other battery mineral product for lithium-ion battery manufacturing.

Blackstone Managing Director, Scott Williamson and Ecopro BM President, Byeonghoon Kim

Blackstone managing director Scott Williamson said: “We are pleased to announce an MOU with Koreas largest cathode manufacturer.

“Our Ta Khoa Nickel Project has significant potential to deliver the critical raw materials required for Ecopros cathode manufacturing process and meet the ever-increasing demand for high-nickel content cathodes driven by the imminent electric vehicle (EV) revolution.

“We look forward to finalising a formal agreement with Ecopro over the coming months.

“In the meantime, we continue the exploration and development of our flagship Ta Khoa Nickel Project in northern Vietnam.”

Ta Khoa Nickel Project

The Ta Khoa Nickel Project in Vietnam includes an existing modern nickel mine which has been under care and maintenance since 2016 due to falling nickel prices.

Existing infrastructure includes an internationally designed 450,000 tonnes per annum processing plant.

Next steps

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