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Metals processing company Nth Cycle awarded $2.1 million US Department of Energy Grant

Nth Cycle, a Massachusetts-based metals processing and recycling technology company, has been awarded a $2.15 million grant from the US Department of Energy (DOE), under the Battery Materials and Battery Manufacturing and Recycling Funding Opportunity (BMBMR) program of the Infrastructure Investment and Jobs Act passed in November 2021.

The grant is in conjunction with Charlotte, North Carolina-based Cirba Solutions, a leading battery management and materials processor.

Nth Cycle’s electro-extraction technology transforms the outputs of metal scrap, electronics recycling, untapped mining resources, and waste from existing mines into high-purity critical minerals ready to be used in new production of lithium ion batteries.

Electro-extraction is a cleaner, more efficient and lower-cost alternative to the conventional, and prohibitively dirty pyrometallurgy and hydrometallurgy processes currently used by battery recyclers and miners, the company said in a media statement.

Nth Cycle’s refining technology is a component of the recycling value chain, converting disassembled waste materials into the high-grade feedstocks for new battery manufacturing in the form of nickel mixed hydroxide product.

“Recent legislation mandates the deployment of a compliant supply of critical minerals like nickel and cobalt that are mined, refined or recycled locally. Unfortunately, there’s not enough compliant supply today to meet America’s increasing demand for electrification,” co-founder and CEO of Nth Cycle Megan O’Connor said at a recent site visit attended by Congressman Seth Moulton.

“The Sixth District is home to some of the world’s most cutting edge companies whose work today is preparing us for the future,” said Congressman Seth Moulton in a statement.

“Nth Cycle is one of those companies. Producing batteries in a cleaner and more sustainable way is increasingly important for the environment, the economy, and for America’s supply chain security,” said Moulton.

Source: MINING.COM – Read More