According to Lithion, the recent capital infusion will help with the building and commissioning of its first commercial battery dismantling and reprocessing plant in Quebec in 2023, as well as with the building and launching of a state-of-the-art technology development center to work on adapting its solution to future battery chemistries and materials specifications.
The funds will also be used to carry out detailed engineering studies for the construction of Lithion’s own hydrometallurgical plant in Quebec.
“Lithion aims to provide the industry with the sustainable development technology required to build a circular economy for batteries,” Benoit Couture, the firm’s president and CEO, said in a media statement. “Technological advances and process optimization in our demonstration plant over the past two years increased the attractiveness to global players in the transportation electrification ecosystem who want to…
