Kinterra’s NiVolt: Advancing Battery Raw Materials Facility for EV Industry in Quebec

Kinterra Capital's portfolio company, NiVolt Technologies Inc., is making significant progress towards its goal of providing nickel and cobalt products to the battery supply chain. NiVolt has successfully produced mixed hydroxide precipitate (MHP) and is advancing a feasibility study for a hydrometallurgical facility in Quebec, Canada. The facility will convert nickel concentrate into MHP and nickel sulphate for the electric vehicle (EV) battery industry.

NiVolt has achieved great success in optimizing process conditions and evaluating nickel concentrate material from Kinterra's nickel projects in Quebec and Australia. The company has achieved over 97% nickel and cobalt leach recoveries and has produced MHP containing over 45% nickel plus cobalt with low impurities. These results showcase the potential for high-quality MHP production and recovery rates.

Kinterra Capital, a private equity firm, is investing in and developing nickel sulphide projects across North America and Australia. One of its notable projects is the Dumont Nickel Project in Quebec, which is a large-scale, fully permitted, shovel-ready mining project with excellent environmental, social, and governance (ESG) credentials. The Dumont project is supported by renewable hydroelectric energy, making it one of the most sustainable projects in the industry.

The combination of Kinterra's upstream nickel sulphide investments and NiVolt's battery raw materials facility in Quebec has the potential to create an integrated solution for the province. This solution will support Quebec's participation in the energy transition and the battery supply chain, contributing to the reduction of carbon emissions.

NiVolt is currently finalizing the location for its new facility, considering proximity to product offtakes, availability of infrastructure and utilities, and access to suitable labor markets. The company is also engaging with potential offtake and project partners to ensure the design of the commercial facility meets market and supply chain expectations.

The development of NiVolt's battery raw materials facility is crucial in addressing the scarcity of critical minerals processing infrastructure in North America and Europe. With the forecasted increase in demand for electric vehicles, the facility will play a vital role in meeting the need for sustainable battery materials and reducing carbon emissions.

Kinterra Capital, based in Toronto, is a private equity firm that invests in projects and infrastructure necessary for the energy transition. The company focuses on innovative ideation, rigorous analysis, and executing investments that create a more sustainable future. For more information about Kinterra Capital, please visit their website.

This news release contains forward-looking information, and readers should be aware that actual outcomes may differ from the expectations reflected in such statements. Although Kinterra believes that the expectations are based on reasonable assumptions, there are certain risks and uncertainties that could affect the outcome. Therefore, readers should not place undue reliance on forward-looking statements and should regard them as potential outcomes rather than guarantees.

In conclusion, Kinterra's NiVolt project is making significant advancements towards its goal of creating a vertically-integrated battery raw materials facility in Quebec. The project's success will contribute to the development of sustainable battery materials for the growing electric vehicle industry, supporting the energy transition and reducing carbon emissions.