First-of-its-kind $800-$900 million facility, processing Ring of Fire nickel, will give Wyloo an edge in electric battery manufacturing
Hundreds of jobs and economic development opportunities will be created in the region when Wyloo Canada builds its multi-million-dollar minerals processing plant in the City of Greater Sudbury.
Kristan Straub, Wyloo Canada’s CEO, estimated the facility’s price tag at between $800 million and $900 million, similar to what it will cost to build its proposed mineral-processing facility in Kwinana, Western Australia. Although Wyloo has pinpointed a location in the city for the facility, it’s not making that public just yet, as it’s still working to finalize the acquisition.
“The facility essentially consists of three different specific aspects to it: an area where we receive the products and the materials that are going to be processed; the first step of the processing facility, which is the conversion of the nickel-bearing materials into a nickel sulfate; and then the last part of it, which is producing the precursor cathode active material ,” he said.
But he did say Wyloo was influenced by the many announcements being made across Canada about upcoming cell and battery manufacturing projects. Wednesday’s announcement focused on the signing of a memorandum of understanding between Wyloo, the City of Greater Sudbury, Atikameksheng Anishnawbek, and Wahnapitae First Nation.
Nootchtai noted how important it is for Indigenous people to be involved in major resource projects that bring economic opportunity to their communities.
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