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Congratulations to Renewable Metals, successful applicant of the NSW Critical Minerals Activation Fund

The NSW Government allocated $130 million to the Critical Minerals and High-Tech Metals Activation Fund to deliver on the state’s vision to be a major global supplier and processor of critical minerals and high-tech metals.

Grant Thornton Australia’s Government Grants team is proud to have supported Renewable Metals in their application to Stream 1 of the program, which will fund project activation studies in this sector. Renewable Metals is a pre-revenue lithium battery and e-waste recycler, that leverages an innovative process and technology to recover lithium, nickel, cobalt, copper, manganese and graphite from end-of-life batteries – unlocking critical mineral capacity for NSW above its natural resources.

Simone Barker, Director – Innovation Incentives and Government Grants Team Leader at Grant Thornton Australia, said: “This is an excellent outcome for Renewable Metals, one that will have a material impact not only for the business, but for the development of NSW and Australia’s e-waste recycling capabilities – a capability that is sorely needed. We congratulate all successful applicants in the Activation fund.”

This successful grant application enables Renewable Metals to access $500,000 in grant funding towards a feasibility study for their planned Critical Minerals and High-Tech Metals Recycling Demonstration Plant, covering close to 50% of project costs.

Luan Atkinson, General Manager at Renewable Metals, said: “This funding will be instrumental in bringing our project to life. We couldn’t have been happier with the support we received from the Government Grants team – it made a world of difference to our application, and we look forward to accelerating our business through this support.”

Stream 1 announcements see $8,685,438 of the $130 million allocated. Applications closed on 31 October for Stream 2, Enabling Project Infrastructure, and outcomes are pending.

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