Saturday, September 20th25.5°C
23284
22916

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.

(CJWW)

The Canadian Press


Read more Business News

22980


Recent Trending




Today's Market
S&P TSX15265.35-200.19
S&P CDNX955.06-10.73
DJIA17279.7413.75
Nasdaq4593.426-13.637
S&P 5002010.40-0.96
CDN Dollar0.9126+0.0004
Gold1216.90-10.00
Oil92.45-0.62
Lumber329.00-0.90
Natural Gas3.911-0.064

 
Okanagan Companies
Pacific Safety0.16-0.005
Knighthawk0.01-0.005
QHR Technologies Inc1.37+0.05
Cantex0.05-0.01
Anavex Life Sciences0.223-0.0031
Metalex Ventures0.060.00
Russel Metals35.75-1.26
Copper Mountain Mining2.66-0.02
Colorado Resources0.165-0.01
ReliaBrand Inc0.0249+0.0009
Sunrise Resources Ltd0.02-0.005
Mission Ready Services0.29-0.01

 



22364

FEATURED Property
17363674174 Gallaghers Forest S.
3 bedrooms 3 baths
$789,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Disruptive innovation

Last night I was privileged to be able to speak at the Greater Westside Board of Trade business awards dinner. Photo: ContributedI talked about Innovation and Collaboration which are two very interes...


Executors and their duties

There will be a time when you will need to decide who you should appoint as executor of your Will. As well, there may be a time when you will be asked by someone to act as the executor of his or her W...


Power-save your way to a down payment

Part 1 of 2 Photo: Thinkstock.com1. Move in with your parents or in-laws Explain that you're thinking strategically in moving back home. The quickest way to get into the housing market is to ma...

_





23109


Member of BC Press Council


22755