“We are excited to partner with U.S. Strategic Metals and support them in becoming a leading domestic supplier of battery metals critical to combating climate change and realizing the energy transition,” U.S. Cobalt Marketing at Glencore Ash Lazenby said. “We look forward to working collaboratively with the US Strategic Metals team and leveraging our complimentary skill sets.”

U.S. Strategic Metals said it will benefit from Glencore’s strong customer relationships across the electric vehicle supply chain, including global auto OEMs and battery manufacturers. “Additionally, proceeds from the pre-payment will allow us to accelerate the construction and commissioning of our hydromet facility,” U.S. Strategic Metals Stacy Hastie said.