The opening of USSM’s pilot battery PCAM plant in rural Missouri marks the first time an American company produces critical minerals wholly in the United States to meet U.S. EV battery demand.
St. Louis, MO (Sept. 14, 2022) – U.S. Strategic Metals, LLC (“USSM”), a company committed to obtaining the critical minerals ethically and sustainably to fuel the green energy revolution and advance America’s economic and national security, today announced that it will break ground later this month for a pilot precursor cathode active material (“PCAM”) plant on USSM’s facility in rural Missouri.
USSM’s PCAM facility, combined with its existing hydrometallurgical processing plant (“hydromet”), will close the loop on the production of critical minerals wholly within the United States. When USSM enters production of PCAM, American electric vehicle manufacturers and battery companies may no longer need to go outside the United States—to China or other countries—to get the critical material needed to power their vehicles.
“This new PCAM plant will dramatically improve America’s production of electric vehicle batteries by creating an end-to-end battery materials pipeline here in the United States, is already creating new jobs and significant economic opportunities in a rural and economically challenged community, and represents a major environmental and economic success story, with USSM partnering with the U.S. Environmental Protection Agency and Missouri’s Department of Natural Resources to clean up this former lead mine and make it into a new engine for growth,” said Stacy W. Hastie, CEO of U.S. Strategic Metals.
“This new plant and its ability to provide cobalt, nickel, lithium, and other critical minerals alongside USSM’s strategic vision and approach to protecting America’s access to such material has the potential to help break China’s stranglehold on the processing of these critical materials once and for all,” said Jamil N. Jaffer, former senior advisor to the Senate Foreign Relations Committee and USSM Advisory Board Member.
USSM’s hydromet pilot plant—up and running successfully for over two years—uses proprietary American technology to process a wide range of raw materials cleanly—including material from used EV batteries, existing mine waste, and raw ore—to obtain new battery-grade metals and other strategic metals. By building a commercial-scale hydromet plant—which USSM expects will begin commissioning by the end of the year—USSM estimates that it could supply half the United States total demand for cobalt and nickel sulfate by 2025 and potentially the full U.S. demand for cobalt sulfate soon thereafter.
Today, China processes upwards of 90% of the world’s cobalt along with many other critical minerals. As a result, China controls a key element of the world’s supply chain for EV batteries and other critical aerospace and defense applications. USSM’s capacity to obtain and process these materials, as well as other critical minerals, represents a massive opportunity to lead on environmental protection and enhance the national security of the United States. 2
USSM’s new and existing pilot and commercial-scale facilities—combined with USSM’s ownership of one of the largest domestic sites of strategic metals with over 3,800 acres of mineral rights—enables USSM to rapidly commercialize a domestic supply of ethically and sustainably sourced critical minerals to meet our nation’s unprecedented demand. Indeed, with the successful completion of its pilot PCAM plant and the future construction of a commercial-scale PCAM facility in partnership with the industry-leading engineering and design-build firm CLAYCO, USSM will be the first producer of cobalt in the world with a complete, closed-loop supply chain in the United States adhering to the highest standards of ethics and environmental stewardship.
USSM uses a transformative hydrometallurgical process that can substantially reduce emissions, waste, and the inefficient power consumption plaguing other processing capabilities like leaching and smelting used in China and elsewhere. USSM also has valuable partnerships with the Missouri Department of Natural Resources (MDNR) and the U.S. Environmental Protection Agency (EPA) to help ensure that all of USSM’s efforts are consistent with our nation’s global leadership on environmental matters.
This means that USSM has the potential to completely relieve the United States’ current dependence on foreign adversaries in a way that is consistent with American values. Moreover, in addition to being able to obtain these key battery materials wholly within the United States, having a domestic processing capability in the U.S. means that USSM has the potential to disintermediate China from its current role processing the vast majority of the world’s cobalt supply.
For more information, visit USSM’s Website. Information on USSM’s website is not incorporated by reference into this press release, and you should not consider information on USSM’s website to be part of this press release.
About U.S. Strategic Metals, LLC
U.S. Strategic Minerals, LLC (“USSM”), is a holding company whose constituent companies are committed to undertaking high quality, reliable, ethical, and sustainable efforts to obtain critical minerals to protect the economic and national security of the United States. USSM, through its subsidiary, Missouri Cobalt, is the only vertically integrated producer and recycler of critical battery materials, including cobalt, nickel, and lithium, in North America and is therefore strategically positioned to supply clean, domestic, and ethically sourced battery metals required to meet the unprecedented demand for electric vehicles and lithium-ion batteries.
Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995, including, without limitation, statements regarding U.S. Strategic Metals ’(“USSM”) ability to obtain cobalt, nickel, lithium and other strategic minerals and the impact of USSM’s capabilities on the national security and economic security of the United States. When used in this press release, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,” “propose” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking 3
statements are not guarantees of future performance, conditions, or results, and involve a number of known and unknown risks, uncertainties, assumptions, and other important factors, many of which are outside USSM’s management’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, that may affect actual results or outcomes include: USSM’s ability identify, process, or otherwise obtain cobalt, nickel, lithium and other strategic minerals; USSM’s ability to execute on its plans to develop new capabilities to identify, process, or otherwise obtain strategic minerals and the timing of the development of these capabilities; the rate and degree of market acceptance of USSM’s capabilities; the success of other competing capabilities that may become available; USSM’s ability to identify and integrate acquisitions; the performance of USSM’s capabilities; the state of national and international markets for strategic minerals; potential litigation involving USSM; and general economic and market conditions impacting demand for USSM’s products. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties relevant to USSM’s business including any documents that USSM files with the SEC from time to time or otherwise makes public. These filings and documents may identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and USSM does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
No Offer or Solicitation
This communication shall neither constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which the offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.
Contact:
Jamil Jaffer / Advisory Board Member
jjaffer@usstrategicmetals.com
+1-202-247-8390
Michael Ryan Hollomon II / Commercial Director
mhollomon@usstrategicmetals.com
+1-646-220-1059
