Brazilian Nickel announced that is has been granted a Preliminary Environmental Licence, for the mining and processing plant to produce nickel and cobalt hydroxide intermediates at its Piauí Nickel Project by the Brazilian Piauí State Environmental Agency.
The LP, granted to BRN’s wholly owned subsidiary, Piauí Niquel Metais SA, is a crucial milestone which demonstrates the environmental and social viability of the PNP and represents the State Government approval for the project. The nickel and cobalt products can feed the growing demands of the transforming market in the EV battery and energy storage space as well as more traditional markets.
In September 2017, Anglo Pacific Group PLC (LON:APF) entered into a royalty agreement with Brazilian Nickel Ltd (Brazilian Nickel) to acquire an initial 1% gross revenue royalty over the Piauí nickel-cobalt project.