Lifezone Metals announces US recycling joint venture with Glencore

Lifezone Metals’ Chief Executive Officer Chris Showalter has announced the signing of a term sheet with a subsidiary of Glencore plc for a platinum, palladium, and rhodium (collectively platinum group metals or “PGMs”) recycling project utilising Lifezone Metals’ hydrometallurgical technology (“Hydromet”) to be based in the US.

Phase 1 confirmatory piloting work has commenced in Perth, Australia using Hydromet to process and recover PGMs from responsibly sourced spent automotive catalytic converters.

Mr. Showalter stated: “By applying our Hydromet technology, we aim to responsibly recover platinum, palladium, and rhodium from recycled sources in a cleaner and more efficient manner than otherwise possible through traditional smelting and refining. Following our acquisition of Simulus Labs in July, where we acquired the preeminent hydrometallurgical testing and engineering design group, we gained the capability to simultaneously advance our Kabanga Nickel Project through the continuing Definitive Feasibility Study while also investigating other important applications of our core Hydromet technology.”

Mr. Showalter continued: “In Glencore, we have a world-class partner with exceptional market reach to help position our US recycling joint venture favourably with respect to financing and marketing of finished PGMs. We expect our confirmatory pilot programme to further validate our Hydromet capabilities and demonstrate that we can also generate favourable economic returns from PGM recycling. Further, the facility we intend to build is highly replicable and scalable, which is important given the very large and rapidly growing addressable market we expect in the years ahead.”

Read the article online at: https://www.globalminingreview.com/mining/18122023/lifezone-metals-announces-us-recycling-joint-venture-with-glencore/