Coniagas Battery Metals Engages SGS in Quebec to Propel Strategic Funding and T echnological Advancements for Re-2Ox and Eventual Production Facility Quebec is a strategic gateway to the emerging North American EV industry
Coniagas Battery Metals Engages SGS in Quebec to Propel Strategic Funding
and T echnological Advancements for Re-2Ox and Eventual Production
Facility
Quebec is a strategic gateway to the emerging North American EV industry
with excellent workforce, infrastructure, and green energy.
Vancouver , BC – May 21, 2024 – Coniagas Battery Metals Inc. (TSXV: COS) (“Coniagas” or the
“Company”), a leading junior exploration company focused on battery metals, is thrilled to
announce a pivotal engagement with SGS, a globally renowned leader in inspection, verification,
testing, and certification, through their office in Quebec City. This strategic collaboration is
designed to power Coniagas' pursuit of funding and technological advancements in the Cobalt,
Nickel, Copper , and Zinc sectors, driving us towards establishing a state-of-the-art production
facility in Quebec.
Frank Basa, P .Eng. Ontario, President and CEO of Coniagas, stated, "Partnering with SGS
accelerates our strategic orientation and technological readiness, positioning us to meet the
aggressive timelines of the rapidly expanding EV industry. This collaboration strengthens our
grant application documentation and funding strategies, ensuring we are well -prepared to
support and advance our projects in the battery metals space." Mr Basa adds, “The Re-2Ox process
is fully hydrometallurgical with no smelting. Hydrometallurgical processes typically offer a much
less carbon intensive solution over traditional smelting. This is important as we want to supply
critical elements like cobalt sulphate and nickel sulphate to a market that is actively decarbonizing.
We want to shorten the supply chain to further reduce emissions and use clean, low-carbon energy
from Quebec Hydro to achieve production goals.”
The core objective of this engagement, signed May 13, 2024, is to strategically align Coniagas with
its access to Nord Precious Metals Mining Inc.’s Re-2Ox process, enhancing our readiness for the
technological and operational advancements required to supply the burgeoning Electric Vehicle
(EV) market in Canada and North America. As we gear up for funding, Coniagas will conduct
comprehensive metallurgy testing at the lab scale using materials from the Graal project and
international sources. These tests will build upon the extensive evaluations already conducted at
SGS Lakefield with ores from the Cobalt Mining Camp.
As part of this multiphase project, Coniagas aims to establish technical readiness and a solid
funding strategy. Additionally, the potential establishment of a pilot plant at SGS Quebec will
accelerate our technological readiness. This pilot plant will help set the criteria for a full-scale
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production facility and demonstrate on a larger scale our ability to process different offshore
feeds. We anticipate processing oxide feeds that smelters currently overlook or cannot handle,
thus expanding our processing capabilities and market reach.
Matthew Halliday, P .Geo., a member of the Ordre des ge ologues du Que bec (OGQ) and Qualified
Person (QP) for Coniagas, added, "The rigorous testing at SGS will fortify our existing data,
ensuring we are at the forefront of delivering high -quality battery metals to the dynamic EV
market. This partnership underscores our dedication to being a critical player in the supply chain,
collaborating with partners both upstream and downstream."
Quebec offers unparalleled advantages with its strong infrastructure, access to affordable green
power , and critical ocean ports along the St. Lawrence River . These strategic assets make Quebec
an ideal location for processing offshore ores, while the province and Coniagas work diligently to
develop new mines and enhance production capacity. Our vision is to establish a cuttin g-edge
production facility in Quebec that aligns with the industry's aggressive timelines and demands.
The Re-2Ox process has a proven track record, including producing 22.6% cobalt sulphate on
specification for a major metal trader in Asia. The process also effectively rejects and stabilizes
deleterious elements such as arsenic and has successfully produce d rubidium carbonate. This
adaptability and proven success highlight Coniagas' capability to meet the evolving needs of the
battery metals market.
Mr . Basa concluded, "With the support of SGS and our strategic initiatives, Coniagas is poised to
significantly contribute to the EV industry's supply chain. We are committed to advancing our
projects and delivering top-tier products that align with market demands and timelines. Our goal
is clear: to see a world-class production facility in Quebec that meets and exceeds the expectations
of the booming EV market."
Qualified Person
The technical information in this news release was reviewed and approved by Matthew Halliday,
P.Geo., and a member of the Ordre des ge ologues du Que bec (OGQ) who is a Qualified Person in
accordance with National Instrument 43-101.
About Coniagas Battery Metals Inc.
Coniagas Battery Metals Inc. is a Canadian junior mining company focused on nickel, copper and
cobalt and platinum group metals in Que bec. Coniagas’ strategy is to create value for shareholders
through the development of its mineral properties, with the intention to develop Coniagas into a
critical metals supplier to the electric vehicle (EV) market.
At its 100% owned Graal project near Saguenay, Quebec, Coniagas has conducted successful
exploration involving geophysics as well as shallow drilling that hit mineralization in almost every
hole. It has confirmed an open-pit deposit model at Graal along a 6 km strike length of high-grade
nickel and copper with cobalt, platinum and palladium byproducts. The Company plans in the
near-term to conduct additional drilling leading to the production of a Ni 43-101 resource report,
metallurgical testing and consultations with First Nations. The Graal project and immediate work
plan are outlined in detail in the “NI 43-101 Technical Report Graal Nickel & Copper Project,
Saguenay-Lac-St-Jean, Quebec, Canada” dated January 17, 2024. The report is available along with
other information at the Company’s website https://coniagas.com/
“Frank J. Basa”
Frank J. Basa, P . Eng., a Member of the Professional Engineers of Ontario
Chief Executive Officer
For further information, contact:
Frank J. Basa,
Chief Executive Officer
416-625-2342
or:
Wayne Cheveldayoff, Corporate Communications
P: 416-710-2410 E: [email protected]
You can follow Coniagas on Social Media:
LinkedIn: https://www.linkedin.com/company/coniagas-battery-metals/
X (Twitter): https://twitter .com/coniagasmetals
Facebook: https://www.facebook.com/coniagas/
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
Caution Regarding Forward-Looking Statements
This news release may contain forward-looking statements regarding Coniagas Battery Metals Inc.
(“Coniagas” or the “Company”) which include, but are not limited to, comments that involve future
events and conditions, which are subject to various risks and uncertainties. Except for statements of
historical facts, comments that address the Coniagas trading on the TSX Venture Exchange, resource
potential, upcoming work programs, geological interpretations, receipt and security of mineral
property titles, availability of funds, and others are forward-looking. No assurance can be given that
any of the foregoing will be achieved. Forward -looking statements are not guarantees of future
performance and actual results may vary materially from those statements. Genera l business
conditions are factors that could cause actual results to vary materially from forward -looking
statements. The Company does not undertake to update any forward -looking information in this
news release or other communications unless required by law.