CBMM sold 600 tons of niobium oxide for batteries in scooters and other small vehicles last year as part of a test project.

Australia’s critical minerals industry is a major part of the government’s push to capitalize on the worldwide green energy revolution.

The Southeast Asian nation is looking to follow neighbouring Indonesia, which lured major investment in processing plants for its huge deposits.

The company requires around 840 hectares for its four-mine project in the Barroso region.

The development facility, located at the University of Calgary, has been operational since early 2021.

India is considering offering incentives to encourage private companies to set up lithium processing facilities.

Australia will spend A$566 million ($373 million) over the coming decade to map out resource deposits.