Star Minerals Group signs Minnesota manganese mine deal

Note* - All images used are for editorial and illustrative purposes only and may not originate from the original news provider or associated company.

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from any location or device.

Media Packs

Expand Your Reach With Our Customized Solutions Empowering Your Campaigns To Maximize Your Reach & Drive Real Results!

– Access the Media Pack Now

– Book a Conference Call

– Leave Message for Us to Get Back

Related stories

Canada Faces Copper Trade Risk as Trump Tariff Looms

United States President Donald Trump‘s decision to impose a...

Argentina and France Strengthens Lithium Deal Pact

Argentina's government has made a lithium deal with France...

EACON Boosts Autonomous Mining Technology in Australia

In a Series D fundraising round, EACON Mining Technology,...

Japan to Start Rare Earth Mud Mining Near Minamitori Island

The leader of the government-backed project said on Friday...

Star Minerals Group has signed a memorandum of understanding (MoU) with Cooperative Mineral Resources (CMR) and energy storage company Octopus Technologies (OTI) to cooperate on developing a mine-to-market manganese-based battery technology in the US.

 

 

Star and CMR, which is owned 100% by Crow Wing Power, intends to enter an agreement forming a joint venture (JV) to develop the Emily Manganese/Iron Ore Project.

 

Upon establishing the technical and economic viability of the Emily Manganese/Iron Ore Project, Star intends to fully develop it.

 

Initially the focus will be on the production of EMD to be sold to OTI in an offtake agreement between OTI and the CMR/Star JV under terms to be established.

 

In turn, OTI has completed and signed a sales distribution agreement, for its storage battery, with a significant global player in the market.

 

CMR and Star intend to complete and sign the JV agreement by the end of February 2015, when OTI and the JV will also have signed the offtake agreement.

 

According to Star, the components of the mine-to-market business model are said to be in their early stages, from mine development to the testing, certification and production of batteries.

 

Star Minerals president and CEO Jim Engdahl said: “I am extremely excited about this project and pleased to be working with the high calibre of people from CMR and OTI in developing what has the potential to be an important type of storage battery for specific applications.”

 

CMR CEO Bruce Kraemer said: “Currently, there is no production of electrolytic manganese in North America, a key factor for this continent to remain globally competitive in the green energy field.”

Latest stories

Related stories

Canada Faces Copper Trade Risk as Trump Tariff Looms

United States President Donald Trump‘s decision to impose a...

Argentina and France Strengthens Lithium Deal Pact

Argentina's government has made a lithium deal with France...

EACON Boosts Autonomous Mining Technology in Australia

In a Series D fundraising round, EACON Mining Technology,...

Japan to Start Rare Earth Mud Mining Near Minamitori Island

The leader of the government-backed project said on Friday...

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from any location or device.

Media Packs

Expand Your Reach With Our Customized Solutions Empowering Your Campaigns To Maximize Your Reach & Drive Real Results!

– Access the Media Pack Now

– Book a Conference Call

– Leave Message for Us to Get Back