PROJECT POSITIVE
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BUSINESS PLAN
Project Positive+ is an initiative to plan, permit, and build a large-scale, state-of-the-art precursor cathode active materials production facility to complete and strengthen the North American battery supply chain
IDEAL SITE IN CANADA
PROVEN TECHNOLOGY
PCAM AS A SERVICE
IMPECCABLE PROVENANCE
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Exceptional, mature infrastructure that favours efficient logistics
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Ability to grow and achieve material economies of scale
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Long history of industrial
activity in region
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Coastal location
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Targeting lowest pCAM production costs in North America
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Strategic partnership with a leading, qualified pCAM maker
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Eliminating technology risk with deployment of commercially-proven pCAM technology
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Roadmap of energy dense technical materials, matched to customer requirements
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Adding capacity in North America to fill large emerging supply-chain gap
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Enabling use of North American Battery Raw Materials – Critical Minerals
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Bespoke customer solutions
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Lower barrier to entry
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Tolling "cost-plus" model
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Made-in-Canada Solution
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Strong focus on environmental and social sustainability
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Respectful relationships developing with local First Nation communities
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Great fit with Canada’s Critical Minerals Strategy and goal to create complete battery supply chain
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Enables local value-adding of Canadian raw materials
PROJECT POSITIVE OUTLINE
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Phased development of 120,000 tonnes per annum of high-quality, sustainably produced pCAM
(Phase #1: 30,000 tpa).
Initial commercial production target ~ 2028.
Plant design proposed to replicate an experienced commercial pCAM operation, localised to Canadian standards, regulations and conditions.
Positive Materials is evaluating pCAM plant technologies best suited to reliably and sustainably produce bespoke energy dense pCAM formulations such as NCM, NCMA and NCA (battery chemistries that contain various amounts of nickel, cobalt, manganese and aluminium) and considering a cost-plus tolling business model in close collaboration with local customers. We will deploy only mature, commercially proven technology, avoiding technological risk. We will deliver value, quality, impeccable provenance and a low carbon footprint.
Targeting energy dense ternary pCAM products: NCM, NCA, & NCMA, including those used in mid-nickel and lithium-rich manganese cathodes – designed to satisfy evolving customer demands.
Low barrier to entry business model: “pCAM-as-a-Service”. Tolling aligns Project Positive+ with the vertically-integrated, battery raw materials strategy of automotive and battery companies.
Benefitting greatly from the selected site's mature and underutilized infrastructure, coastal location and marine logistics, low-carbon energy and economies of scale.
CANADA
Gateway to Global EV and Lithium-Ion Battery Supply
Canada is the only country in the Americas with all the minerals needed to manufacture EV batteries. Extremely high environmental and social standards make Canada an attractive investment target.
Canada has already established several new policies to support its ambition to become a leading Li-ion battery and EV manufacturer, including:
Critical Minerals Strategy
Strategic Innovation Fund
Critical Minerals Infrastructure Fund (CMIF)
Investment Tax Credits
Canada has a thriving automotive industry and an established vehicle supply chain
The United States-Mexico-Canada Agreement (USMCA) will facilitate the import of pCAM from Canada into the US.
SITE SELECTION
The site will be revealed soon. Our team has conducted an extensive site selection study along the east coast of the USA and Canada, searching for a combination of key factors that are favourable for the development of a pCAM plant. The criteria included:
Suitability and land availability
Deep water, year-round port
Rail and highway links
Low-cost zero-carbon energy
High-tension power connectivity
Process water
Skilled industrial labour force
OUR APPROACH
"pCAM as a Service"
Changing motivations across the battery supply chain is creating an opportunity for direct partnerships between Project Positive+ and North American customers. OEMs are facing a new reality concerning supply risks, price volatility and governing sustainability objectives.
Positive Materials will implement a tolling, cost-plus business model – offering strategic partners and customers greater transparency and control over securing critical minerals.
Positive Materials have initiated commercial discussions with CAM, battery cell, and automotive company counterparts.
pCAM plant becomes a piece of core Canadian infrastructure.
Positive Materials has no exposure to raw materials volatility: de-risks financing.
Aligns Positive Materials with customers' raw materials procurement strategy.
PROVEN TECHNOLOGY
We’re building strategic relationships with leaders in the battery industry and securing top-tier technological expertise through a License, Royalty and Service partnership with established, qualified global pCAM producers and technology leaders.
Positive Materials is currently in the midst of a pCAM Technology Partner selection process. Twelve potential commercially-proven technology suppliers have been evaluated in recent months. Eight pCAM plants were visited in recent months. Six pCAM Technology Partners have recently been short-listed, and one is expected to be selected in Q3 2024. Our goal is to secure the one best suited to help us to reliably and sustainably produce bespoke energy-dense pCAM formulations such as NCM, NCMA and NCA (battery chemistries that contain various amounts of nickel, cobalt, manganese and aluminium). We are aiming for a cost-plus tolling business model, working in close collaboration with two or possibly three major North American customers.
We will deploy only mature, commercially proven technology, avoiding technological risk. We seek to deliver value, quality, impeccable provenance and a low carbon footprint.
