ESI Energy Services Inc. Enters Early Stage Process Facility and Cobalt Supply Agreement with Battery Minerals Resources Limited
ESI Energy Services Inc. announced that it has entered into an early stage Process Facility and Cobalt Supply Agreement with Battery Minerals Resources Limited ("BMR") for BMR's cobalt-focused mineral exploration claims located in Ontario. If the project proceeds, ESI would finance, build and operate a cobalt processing facility that would be supplied by feedstock material mined by BMR from its properties in Ontario. A five-member technical committee is to be established by ESI and BMR to oversee a planned feasibility study for mining operations and to make a recommendation on whether to proceed with the project. If the project is approved, the technical committee would oversee mining, construction and operations.