EcoMetals Resource Group is currently working on its first project located in Palawan, Philippines. This area is extremely rich in valuable ore deposits, and with the recent shift in government policy, the stage is set for an incredible investment in the future. 

 

Project Updates

October 2024: Advancing Critical Milestones

As we progress into the final quarter of the year, significant strides are being made toward realizing the vision of transforming the mining sector in the Philippines. Here’s a snapshot of the latest updates:

1. Strategic Investment and Partnerships

   • BIMP Group Equity Investment: A strategic partnership with negotiation of equity investment, strengthening the financial position and accelerating plans for the South Palawan nickel laterite project. 

2. Progress in the South Palawan Nickel Laterite Project

   • Geological Assessment Completion: A  geological assessment for the South Palawan project has been ongoing. Early Results are very promising, highlighting significant reserves of nickel, manganese, cobalt, scandium and rare earth elements (REEs), reaffirming the site's strategic importance for the electric vehicle (EV) battery and renewable energy storage industries.

   • CAPEX and Infrastructure Planning: Discussions with global partners and investors to finance the CAPEX for the construction of the processing plant are progressing. The team is working tirelessly to ensure that all necessary infrastructure projects align with sustainability goals.

3. Commitment to Indigenous Communities

   • Community Upliftment: The project remains deeply committed to ensuring that local indigenous communities benefit directly. There is close collaboration with local leaders to create opportunities for employment, education, and infrastructure development that support long-term prosperity without compromising cultural values or environmental stewardship.

4. Technological Innovation

   • Altilium Nickel Laterite Process: The innovative use of the process is gaining attention as a game-changer in the industry, minimizing waste and maximizing the extraction of valuable minerals. This technology will significantly enhance production capabilities, ensuring sustainable mining practices that align with global decarbonization efforts.

5. Exploring New Markets and Opportunities

   • Export Partnerships: Discussions have been initiated with potential export partners in the U.S., Europe, Asia and within Philippines to supply critical minerals essential for EV production and energy storage solutions. These partnerships are key to the long-term strategy of becoming a leader in the global supply chain for critical minerals.

Looking Ahead

The upcoming months are filled with exciting developments as partnerships are finalized, CAPEX financing is secured, and groundwork begins on the processing plant. The project is on track to become a key player in the critical minerals sector, contributing to global sustainability goals and driving economic growth in the Philippines.

Stay tuned for more updates as the journey to revolutionize the mining industry continues!

For investment opportunities in this project, Click Here.