![]() Use of Cushioning Material in Packaging and Storage 493 11B.5.5 Waste Batteries Collection Organization 488 11B.4.7Įlectrical Hazard Control: Technical Solutions 490 11B.5.1 Recommendations for the Safe Storage of Waste Lithium Batteries 488 11B.4.5įire Fighting First Responders 488 11B.4.6 The Prevention and Response to Incidents 486 11B.4.2 Special Provision SP376 for the Transport of Damaged and Defective Lithium Batteries 484 11B.4Ĭommunication Tools as Preventive Measures 486 11B.4.1 Special Provisions SP377 and SP636 (B) (ADR) for Lithium Batteries Transported for Disposal or Recycling 482 11B.3.2 Transport of Lithium Batteries for Disposal or Recycling 481 11B.3.1 Note to the Reader: Hazardous Waste and Dangerous Goods 481 11B.3 The International Transport Regulation 481 11.B.2.8 The Waste Electrical and Electronic Equipment Directive 479 11B.2.5 The End of Life Vehicle Directive 479 11B.2.4 The Waste Framework Directive 478 11B.2.3 The EU Waste Framework Directive and the Daughter Directives on Waste 478 11B.2.2 Legislative and Regulatory Framework 477 11B.2.1 “With our extensive network in Europe and North America, we are well positioned to create a partnership with Lake and others that will help Lake to accelerate the development of the Kachi Project.Specific Risks of Lithium Batteries at End of Life 472 11B.1 “The engagement under the CFA will help Lake Resources expand its downstream footprint across the European and North American lithium-ion battery supply chain, enabling Lake to optimally benefit from the anticipated growth in demand for battery materials like lithium carbonate across these markets. WMC director Amrish Ritoe said: “WMC is excited to support Lake Resources in its endeavours to make the Kachi Project a success. In addition to its own physical asset developments, WMC Energy actively pursues greenfield and brownfield mining-related physical offtake agreements, from time to time connected with facilitative capital investment. In 2020, WMC expanded into the battery materials sector by offering fixed price forward sales solutions and through the development of project-financed physical assets in the lithium-ion battery material space under its Liminal brand. With the help of WMC Energy’s uranium trading team, the trust grew from US$600 million at IPO inception in 2021 to almost US$3 billion in total net asset value today. In 2021, Sprott Asset Management (TSX:SII) selected WMC Energy to be the physical manager of the Sprott Physical Uranium Trust. WMC Energy was incorporated in 2016 in Amsterdam, originally to provide supply chain solutions in the nuclear fuel industry. “WMC Energy has a track record of being a market leader in nuclear fuels and expanded into battery materials including lithium to serve predominantly the US and European lithium-ion battery supply chain for EVs with their strategic needs.” About WMC Energy Lake executive chairman Stu Crow said: “The CFA delivers a long-term strategic alignment with WMC and its supply chain into its European and North American customers. ![]() “Increasing customer and consumer scrutiny around the environmental and ethical credentials of lithium projects particularly from the European markets drives our focus on sustainable extraction,” Dickson said. Lake’s new CEO and MD David Dickson stated that the CFA cemented the ability of Lake to scale up the production of LCE in an environmentally friendly fashion and offered partners like WMC an opportunity to participate in Lake’s other projects.Īs Lake moves to develop these adjacent projects, a growing supply of high-quality lithium products becomes available to WMC and its partners and customers across the US and Europe. Looking ahead, the agreement strengthens Lake’s long-term shareholder base and adds to the equity component required for drawdown of debt facilities for project development. ![]() Offtake to be priced on an agreed market price formula based upon the average quoted price in the quotational applying a discount.An initial offtake term of 10 years with an option to extend the term with an additional five years and.Offtake of 50% of Kachi project lithium product up to 25,000 tonnes per annum of LCE.A 10% investment in Lake at A$1.20 per share to support the realisation of the Kachi Project.Lake Resources NL (ASX:LKE, OTCQB:LLKKF) has executed a conditional framework agreement (CFA) with WMC Energy BV for the offtake of up to 25,000 tonnes per annum of battery-grade lithium from the Kachi Project in Argentina and a 10% investment by WMC in Lake.
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