Proposed cobalt plant in Saskatchewan passes environmental study
LANGHAM, Sask. - A cobalt plant proposed by Fortune Minerals near Langham northwest of Saskatoon has passed an environmental study.
CEO Robin Goad says the review showed there wouldn't be any impact on the water table.
He also points out that there would be no asbestos in the company's materials.
Goad says the next step is to apply for rezoning with the aim to begin construction sometime next year.
The plant would process cobalt which is needed to manufacture lithium ion batteries.
Global electric car company Tesla Motors plans to build a huge battery factory in the U.S. and has said it would like a processing plant in North America that could supply its needs.
"They have stated specifically that they prefer North American suppliers and to the best of our knowledge we will be the only North American supplier that is specifically producing battery-grade chemicals," Goad said Friday.
It's a good opportunity to diversify industrial activity in Saskatchewan, he suggested.
The plant would provide about 100 permanent jobs, he said.
Read more Business News
- Rifle stolen from truckVernon / N. Okanagan - 4:47 pm
- RCMP truck goes off cliffVernon / N. Okanagan - 4:38 pm
- Stalking cougars killedVernon / N. Okanagan - 1:07 pm
- Cougars in your backyard?Poll - 5:00 pm
|QHR Technologies Inc||1.23||+0.01|
|Anavex Life Sciences||0.185||-0.01|
|Copper Mountain Mining||2.52||+0.11|
|Sunrise Resources Ltd||0.065||+0.045|
|Mission Ready Services||0.34||-0.02|
Part 2 of 2 to read Part 1, click here. 5. Dial down your vacations. New York is out. Maybe Buffalo. For West coast, maybe Seattle instead of Hawaii. Use sites like Airbnb (aribnb.ca) to find ch...
Niche food producer “Sweets from the Earth” thrives using innovation, uniqueness and an unwavering focus on quality. A neighbour’s stew turned Ilana Kadonoff off meat at the age of s...
Recently I had the privilege of working alongside André Voskuil, a local guru in the world of Alternative Financing. André has quite the reputation in the world of direct investments as ...