ASX-listed Poseidon Nickel on Friday reported that negotiations between its partner Pure Battery Technologies (PBT) and the Department of Industry, Science and Resources over a conditional A$119.6-million grant under the Modern Manufacturing Initiative (MMI) had failed.
PBT was last year tapped as the recipient of a A$119.6-million grant for its A$399-million Western Australian precursor Cathode Active Material (pCAM) hub, in partnership with Poseidon Nickel, where it was planning build an integrated nickel manganese cobalt battery material refinery hub in the Kalgoorlie region.
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