EV Metals Group plc (EVM) is building a global battery chemicals and technology business based on the development of the Battery Chemicals Complex in the Kingdom of Saudi Arabia.
EVM is focused on the development of the Battery Chemicals Complex to be become a global leader in the production high purity chemicals containing lithium, nickel, cobalt, manganese and other metals for high energy density cathode active materials required in rechargeable lithium-ion batteries for electric vehicles and renewable energy storage.
EV Metals Arabia Co. for Industry (EVM Arabia), the operating subsidiary of EVM in the Kingdom, will develop the Battery Chemicals Complex in stages comprising a Lithium Chemicals Plant, a Nickel Chemicals Plant and Cathode Active Materials Plant in Yanbu Industrial City as a strategic location for domestic and international markets.
Upstream integration of the of the supply chain through ownership of mineral resources containing critical raw materials for production of intermediate products containing lithium, nickel, cobalt, manganese and other metals for downstream processing at the Battery Chemicals Complex are integral to the global business model and strategy of EVM.
EVM has applications for exploration licenses in process under the new Mining Investment Law of the Kingdom of Saudi Arabia targeting areas with potential for critical raw materials containing lithium, nickel, cobalt, manganese, platinum group metals and rare earth elements. Several of the exploration licenses are close to being granted to RIWAQ Al Mawarid for Mining, a subsidiary of EVM in the Kingdom of Saudi Arabia
The Battery Chemicals Complex will initially acquire intermediate feedstock such as spodumene concentrate containing lithium through strategic joint ventures and offtake agreements from producers with transparent and ethical supply chains in Western Australia, the world’s largest producer of spodumene, until the Saudi supply chain is developed.
EVM owns 100% of the Range Well Nickel Cobalt Resources through EVM Nickel in Western Australia for mining and processing to produce mixed hydroxide precipitate containing nickel, cobalt and manganese (MHP) at an MHP Plant in the Mid West Region of Western Australia for downstream processing at the Battery Chemicals Complex until the commencement of production from the Saudi supply chain.
The larger area of land allocated for the Battery Chemicals Complex has enabled our company plan for staged development and expansions to include four trains to produce 100,000 tpa of lithium hydroxide monohydrate (LHM) in the Lithium Chemicals Plant and three trains to produce 450,000 tpa of nickel sulphate in the Nickel Chemicals Plant. The Cathode Active Materials Plant is located adjacent to the Lithium Chemicals Plant and Nickel Chemicals Plant.
Wood plc, an internationally recognised engineering company, is now fully engaged in Front End Engineering Design (FEED) for the first two trains of LHM in the Lithium Chemicals Plant. FEED is scheduled for completion in Q4 2022 to allow for commencement of construction in Q1 2023.
EVM has offices in Al Khobar, Saudi Arabia, Perth, Western Australia and London, United Kingdom. For further information on EVM please visit www.evmetalsgroup.com.