The Technology

MagMetals has a Technology License Agreement (the “Agreement”) with Hydro (former Norsk Hydro). The Agreement grants MagMetals a non-exclusive license to use the technology for the construction and operation of a magnesium plant within the African continent.

These process technologies have been in continuous commercial operation for more than twenty years and have been one of the world’s most extensively used electrolytic magnesium extraction processes. In addition, these processes have undergone continuous development resulting in significant improvements in both cost and operating efficiencies. The technologies, principally related to dehydration and electrolysis processes, are considered state of the art and are intended to be applied in the implementation of MagMetals’ Kouilou magnesium project.

In addition to this license agreement, MagMetals has also purchased key process technology equipment from Hydro’s recently closed magnesium plant in Becancour, Quebec. This equipment, together with plant engineering documents, operational data and an extensive photo library, will form the core of MagMetals newly established technology centre in Quebec. The technology center is designed to facilitate and support upcoming technical and economic studies for a final feasibility study of the Kouilou magnesium smelter.