Illustrative view: black mass
Black mass

Black mass, refined to finished metal

Most black mass in North America is sold once and refined somewhere else. We buy it from shredders, recyclers and traders and refine it here to nickel, cobalt and copper metal and lithium carbonate.

What we take

From your shredder or anyone else’s

Spot lots and ongoing volume, from producers and traders alike.

NMC, NCA and LCO black mass
The chemistries the refinery is built around
Third-party and traded lots
Brokers and traders welcome
Shredder output and mixed fractions
Mixed or unknown chemistry, priced on assay
High-impurity material
Off-spec lots, sampled and priced on what they contain
LFP black mass
Accepted on a gate fee
Spot and contracted volume
A single load or an annual volume
ChemistriesNMCNCALCOLFP, on a gate feeMixed and unknown
How you get paid

Paid on assay, against the market

Metal payable plus treatment fee

Paid on contained nickel, cobalt, copper and lithium at market index, less an agreed treatment charge.

Independent assay

Every lot is sampled and assayed by an independent lab, with the umpire process agreed up front.

Index-linked terms

A term fixes the formula, not the price. Committed volume earns a better payable. Fixed prices and price floors can be built into term agreements.

Tolling

Keep title to your black mass. We refine it for a fee and the metal value stays with you.

How this material is valued

Reference prices for these metals are set mostly by Asian supply today. See where each metal is priced and why we are onshoring it.

See metal markets →
Before we quote

What we need to quote

  • A recent assay or certificate of analysis.
  • The source chemistry and how the material was shredded.
  • Moisture and particle size, if you have them.
  • Your expected volume, per load or per year.
Getting started

Nothing binding until you sign

We start receiving material when the refinery opens in 2028, and we are reserving capacity with suppliers now.

Start with a call
01
Talk

Tell us your formats, chemistries and volumes.

02
Reserve

An indicative view, then a non-binding letter that reserves your capacity.

03
Contract

Agreed terms, scheduled receiving and payment against the market.