IGO to record impairment against nickel assets in strategy shift
IGO has been undertaking a strategic review in an attempt to revaluate its resources.
Australia’s federal government announced that it is providing financial support to Calix’s (ASX:CLX) BATMn reactor, located in Victoria.
According to Karen Andrews, Minister for Industry, Science and Technology, the all-electric, A$2.7-million reactor will open the door to a new frontier of advanced manufacturing and battery creation.
The idea behind the system is to produce recyclable electrode materials.
“Calix is a fantastic example of an advanced manufacturer using Australia’s abundant lithium reserves to create high-value products for domestic and international markets,” Andrews said in a media statement.
The reactor will fuel the work of the Cooperative Research Centre Project (CRC-P) for Advanced Hybrid Batteries, as the latter will use electrode materials produced at the BATMn reactor to make high-performance, affordable and recyclable lithium-ion hybrid batteries.
CRC-P recently received A$3 million in funding, while Calix’s federal placement is of A$800,000.
Calix leads the CRC-P in collaboration with the Institute for Frontier Materials and BAT-TRI Hub at Deakin University, as well as chemicals manufacturer Boron Molecular.
