CANNON RESOURCES


Associated tags: Automotive, Commonwealth, Capital, IRA, Knowledge, Federal, Government, Original equipment manufacturer, MHP, Mineral, Nickel, Mining, Inference, Collection, Diamond, Natural Resources, Manufacturing, Electric Vehicles, EV, Automotive Manufacturing

Locations: AUSTRALIA

Kinterra Capital’s Cannon Resources Advances Exploration at Fisher East Nickel Project to Support EV Battery Supply Chain

Retrieved on: 
Monday, February 26, 2024
Automotive, Mining, Minerals, Automotive Manufacturing, EV, Electric Vehicles, Manufacturing, Natural Resources, Diamond, Collection, Inference, Nickel, Multimedia, Commonwealth, Mineral, MHP, Original equipment manufacturer, Government, Federal, Knowledge, IRA, Capital, Uranium mining

Contained nickel tonnage also increased by 77% as Cannon maintained the high quality of its mineral resource while substantially increasing scale.

Key Points: 
  • Contained nickel tonnage also increased by 77% as Cannon maintained the high quality of its mineral resource while substantially increasing scale.
  • In collaboration with Kinterra, Cannon will look to engage with offtake partners, including major automotive OEMs, to partner on the development of the Fisher East project, which is advancing to supply IRA compliant nickel to the electric vehicle (“EV”) battery supply chain.
  • Kinterra and Cannon are leveraging the knowledge and expertise from NiVolt to evaluate the opportunity to convert Fisher East’s nickel sulphide concentrate into MHP and nickel sulphate to unlock additional synergies within the EV supply chain.
  • “And we are thrilled that Federal Resources Minister Madeleine King placed nickel on the Critical Minerals List, giving companies like Cannon the opportunity to access Commonwealth funding.”