King River Resources (ASX:KRR) Joins Future Battery Industries Crc

King River Resources (KRR) has signed an agreement with the Future Battery Industries Cooperative Research Centre (FBICRC) to collaborate on two projects.

The FBICRC has a portfolio of research and development projects spanning the battery value chain, and brings together 70 industry participants with a combined value in excess of $120 million over six years.

KRR is developing the Kwinana high purity alumina (HPA) Project where it plans to produce 4N quality high purity alumina. The refining process has been termed the ARC HPA process route, and the company has completed PFS level engineering studies on all aspects of the project.

The ARC process at laboratory scale has shown the ability to recover the aluminium from an industrial aluminium chemical feedstock and deliver a high purity alumina (HPA) product at greater than or equal to 99.99 per cent purity.

This participation agreement will involve the two parties working together on a cathode precursor and active materials production pilot plant, as well as development and application of vanadium redox flow batteries.

Under the deal, King River Resources will retain all its Intellectual Property rights and gain share in project IP.

The directors of KRR are reportedly excited to see the joint industry participation and opportunity the FBICRC presents.

The company believes it’s unlocking the value in Australia’s mineral wealth and said exporting raw materials presented unprecedented growth opportunities for Australian companies.

Shares were trading 3.8 per cent higher at 2.7 cents at 11:51 am AEST.

www.ferroalloynet.com