Nickel 28 offers exposure to nickel and cobalt, critical for electric vehicles, batteries, and energy transition technologies
Nickel 28''s asset base is underpinned by a JV interest in the producing Ramu Nickel Cobalt Operation in Papua New Guinea as well as a portfolio of nickel and cobalt royalties on development and exploration projects around the World
Nickel 28''s asset base is underpinned by a JV interest in the producing Ramu Nickel-Cobalt operation in Papa New Guinea, as well as a portfolio of nickel and cobalt royalties on development and exploration projects around the world
Nickel 28 is a high-growth, diversified battery-metals royalty company which owns 8.56% JV interest in the long-life, world-class Ramu nickel-cobalt operation located near Madang on the north coast of Papua New Guinea. Following repayment of attributable construction and development loans, Nickel 28''s ownership interest in the Ramu operation, and attributable nickel and cobalt production, will increase to 11.3%.
Nickel 28''s 8.56% JV interest in the Ramu nickel-cobalt operation implies attributable production to Nickel 28 of over 2,900 tonnes of nickel and over 600,000 pounds of cobalt per annum (based on 2018 Ramu production for 8.56% interest). Upon repayment of attributable partner loans and increased interest in Ramu to 11.3%, implied attributable production to Nickel 28 increases to over 3,800 tonnes of nickel and over 800,000 pounds of cobalt per annum.
Nickel 28 holds a Life-of-Mine 1.75% Net Smelter Returns (NSR) royalty on the Dumont Nickel-Cobalt project which contains the world''s largest undeveloped, permitted, and construction-ready reserves of nickel and cobalt. The project is located in the geopolitically secure and mining-friendly Abitibi region of the Canadian province of Québec.
Nickel 28 holds a 2% Net Smelter Return ("NSR") royalty on all future metal production from the Turnagain Nickel-Cobalt project which is among the world''s largest undeveloped nickel-cobalt sulphide deposits. The project is located in British Columbia, Canada.
Stikeman Elliott 666 Burrard St Suite 1700 Vancouver, BC V6C 2X8 Canada C/O Nickel 28 Capital Corp.
Currently, any renewable energy supply needs backup for the times when ''the wind doesn''t blow and sun doesn''t shine''. That back-up might be environmentally unfriendly, such as carbon dioxide generating gas turbines or oil and coalfired power plants.
Batteries are the obvious solution but current lithium-ion batteries are expensive, and geographically constrained lithium and cobalt supplies are problems holding back the pervasive switch to widespread battery use. Solid state lithium batteries do not have the capacity to work on the required scale and are prone to combustion.
Zinc and bromine are safe, cost-effective, long-life alternatives to lithium: they are inexpensive and globally well distributed. Zinc-bromine flow batteries are cheap, can safely operate at temperatures up to 1000 degrees, and are scalable. However, they also come with challenges. They hold their energy in an electrolyte solution making flow batteries non-portable and inflexible. Elemental bromine can dissolve skin, making it dangerous to handle. Because of these issues, the flow batteries are mostly used for niche applications such as powering army bases.
In a world first, a team led by Prof. Thomas Maschmeyer at the University of Sydney, has found a way to make zinc–bromine batteries more like solid state batteries by working at the nanoscale. "We''ve been able to encapsulate the bromine in a nano-gel in such a way that it is still chemically aggressive," he says. "But now I can put my finger into the gel and I just have to rinse it off to remain perfectly fine – we tamed the tiger." This discovery was enabled by scanning electron microscopy at our University of Sydney facility, Sydney Microscopy and Microanalysis. The batteries have been dubbed ‘Endure batteries’.
The cost of energy storage is maximised by the Endure battery''s low fade capability even at high temperatures, which is a fundamental issue for other battery technologies. It has many additional advantages including the ability to daily cycle at 100% depth of discharge (DoD) and operate at temperatures up to 50°C, without requiring costly air-conditioning systems. The battery is abuse tolerant; it can be discharged to zero Volts repeatedly without harming its performance, making it ideal for off-grid unmanaged environments.
Along with being safer, this gel allows the zinc-bromine batteries to be treated like solid-state lithium batteries making them much more portable and easier to work with. They also come with the benefits over lithium batteries of being significantly cheaper, fire retardant, and continuing to work at high temperatures. The other significant advantage of this battery cell is that it can be assembled into modules in the sizes needed; small for use in solar street lights, or very large for powering communities.
Prof. Maschmeyer set up University of Sydney spin-off company Gelion Pty Ltd to commercialise the zinc-bromine ‘Endure’ batteries, attracting attention from investors and partners in the United States, Germany and Israel.
Renewables company, Armstrong Energy, paid $11 million for a commercial prototype of a house that will have walls containing Gelion batteries. Steven McCann, Lend Lease CEO, also expressed interest saying, "We''re thinking about things like working with Prof. Maschmeyer to use prefabricated wall segments, for example, as, effectively, battery storage or power storage facilities."
Gelion launches Endure Batteries, their first commercial product. Prof. Maschmeyer said: "Our Endure batteries have a significant advantage in the Australian market, where off-grid battery demands can be very challenging. Endure can operate at high temperature without air-conditioning. The batteries by themselves cannot catch fire as the materials are highly flame retardant. This means the technology can be deployed in the mining and agriculture industries as well as in remote settlements where mains power is not readily available."
The first commercial installation of Endure batteries powers smart solar outdoor study spaces at the University of Sydney. "We want to be part of the global energy transformation under way," Vice-Chancellor Michael Spence said. "Gelion''s technology is well placed to provide low-carbon, renewable storage solutions for an energy-hungry world."
Gelion Technologies and lead-acid battery maker Battery Energy Power Solutions announced a partnership to manufacture the former''s batteries in Australia. Scale up to full production is announced for late 2022.
An MOU was signed with Mayur Renewables, a subsidiary of Mayur Resources a major energy supplier in Papua New Guinea, to supply100MWh of zinc-bromide non-flow batteries over the next five years.
Former chief scientist, and federal government Special Adviser on Low-Emissions Technology, Dr Alan Finkel said “I firmly believe we can reduce emissions, while simultaneously achieving economic growth, by investing in a low-cost, abundant, reliable, clean electricity…[For example] the zinc bromide batteries being pioneered by Australian company, Gelion…”
In 2021, they also produced a fully mobile desalination trailer that is powered by 16 Endure batteries and an array of solar panels. It produces 110 litres of clean water an hour from brackish water sources, such as stagnant bores, that can be pumped to where fresh water is needed demonstrating how the batteries can work alongside solar to solve real-world challenges.
In September 2022 Gelion launched their first full scale production line in partnership with Sydney-based lead-acid battery maker Battery Energy Power Solutions to manufacture Gelion''s batteries in Australia.
In another partnership, Spanish renewable energy company Acciona Energía will test the Endure batteries at it’s experimental photovoltaic plant in Navarra, starting in July 2022. If successful, the batteries will form part of Acciona Energía''s renewable energy offerings.
Hannah McCaughey, CEO of Gelion, said: "We are delighted to be launching production of our breakthrough battery, proving it can be produced at scale with existing lead-acid battery manufacturing processes. Our game-changing technology will now be deployed to Acciona to support its development of renewable battery systems. This milestone is a significant step forward in Gelion''s growth strategy and also strengthens our position in the rapidly expanding energy storage market."
In 2023 Gelion purchased sole ownership of the Endure battery IP from the University of Sydney along with 450 patents from British chemicals producer Johnson Matthey''s lithium-silicon-sulfur (LiSiS) IP portfolio. Moving forward, they plan to combine these two technologies.
We acknowledge and pay respects to the Elders and Traditional Custodians of the lands on which our facilities stand
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