Kuniko (ASX:KNI) is seeking to develop its Ringerike and Skuterud projects in Norway, following its submission of an application to the Norwegian Green Platform Initiative for the Mine to Mobility project.
The initiative, administered by the Research Council of Norway in collaboration with Innovation Norway and Siva, supports large-scale industrial research and innovation projects that contribute to the green energy transition.
Led by Kuniko, Mine to Mobility is a comprehensive, multi-partner research and development initiative focused on development of Norwegian sourced low-carbon nickel, cobalt, and copper for the European e-mobility market.
The project seeks $9 million under the Green Platform funding, representing 75% of the project’s budget, with remaining costs to be co-funded across the industry consortium.
Funding is subject to approval, with no commitment to expenditure at this stage.
Kuniko, which has a market capitalisation of $8.10 million, says the project is considered a suitable fit as it offers end-to-end solutions for producing battery-grade metals based on Norwegian resources, renewable energy, innovative process technologies and with a dramatically lower carbon footprint.
If the application is approved, the project will establish a scalable model for the sustainable extraction and processing of critical battery metals, aligned with the European Union and Norwegian strategies for energy transition and raw materials independence.
CEO Antony Beckmand says this application marks an important step in Kuniko’s ambition to develop a low-carbon, locally sourced battery metals supply chain for Europe.
“Min2Mob places Kuniko in a leading role within a unique collaboration that brings together upstream resources, innovative processing technologies, and downstream industrial validation,” Beckmand says.
“It builds on Norway’s clean energy advantage, high ESG standards, and critical mineral potential.”
Kuniko is a mineral explorer focused on sourcing critical minerals needed for the energy transition. The company’s portfolio is considered prospective for copper, nickel, and cobalt.
Write to Aaliyah Rogan at Mining.com.au
Images: Kuniko
