Evolution Metals & Technologies Corp. (EMAT) has entered into a Strategic Partnership Letter of Intent (LOI) with UK-based INERGX Energy Optimisation Ltd. The partnership is for the engineering, supply, integration, and servicing of energy storage and power systems for EMAT’s planned critical materials and battery black mass recovery facility in the United States.
Key Details
- Project Scope: The facility is planned to have ~1 GW of on-site LNG-powered capacity within two years (First Phase), scaling up to ~5 GW at full build-out.
- Strategic Goal: To create a closed-loop, non-China battery supply chain. The partnership mandates INERGX source cells and packs from approved non-China partners, and end-of-life systems may be returned to EMAT as feedstock.
- Agreement Terms: The LOI outlines a path toward definitive agreements, including a long-term service agreement with an anticipated initial term of 10 years.
- Timeline: INERGX is expected to deliver a design study for the first power block within eight weeks, with definitive agreements targeted within 12 weeks of the study's acceptance.