FREYR and Glencore sign LOI for supply of ethically sourced cobalt
FREYR AS is pleased to announce the signing of a letter of intent (LOI) with Glencore International AG (Glencore) for the supply of up to 3,700 tonnes of high grade sustainably sourced cobalt metal cut cathodes produced at Nikkleverk, Glencore’s Norwegian operations in the city of Kristiansand. The LOI follows the Memorandum of Understanding (MoU) between FREYR and Glencore announced on 9 December 2020. Cobalt is a core component in FREYR’s lithium-ion battery (LIB) cells, which will be produced at the company’s planned facilities in Mo i Rana, Norway. “We are very pleased to progress