The R&D refund relates to applicable costs incurred within the Nico Young NI 43-101 Preliminary Economic Assessment ('PEA'), which was finalized by the Company in
The PEA supported the technical and economic viability of heap leaching laterite ore and was based on the production of battery grade nickel sulphate hexahydrate crystal and cobalt sulphide as final, refined products. Within the study scope, Jervois also completed to the equivalent level of engineering, the ability to produce an intermediate mixed hydroxide precipitate ('MHP').
Through its commercial off-take negotiations with automakers and battery manufacturers outside of
Western consumers, OEM's and regulators desire electric vehicles which are safe (high thermal stability), can travel greater distances (high specific energy), with enhanced driving performance (high specific power). Ultimately cathode composition represents a trade off between these drivers.
Significant long term investments across the auto and battery industries are currently being applied on the basis of high nickel cathode chemistries, which are forming the foundation of the start of a global transition to electrification within transportation. Jervois's product offerings from
Current cash at Jervois is
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