Congratulations to Renewable Metals, successful applicant of the NSW Critical Minerals Activation Fund

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The NSW Government allocated $130 million to the Critical Minerals and High-Tech Metals Activation Fund to deliver on the state’s vision to be a major global supplier and processor of critical minerals and high-tech metals.

Grant Thornton Australia’s Government Grants team is proud to have supported Renewable Metals in their application to Stream 1 of the program, which will fund project activation studies in this sector. Renewable Metals is a pre-revenue lithium battery and e-waste recycler, that leverages an innovative process and technology to recover lithium, nickel, cobalt, copper, manganese and graphite from end-of-life batteries – unlocking critical mineral capacity for NSW above its natural resources.

Simone Barker, Director – Innovation Incentives and Government Grants Team Leader at Grant Thornton Australia, said: “This is an excellent outcome for Renewable Metals, one that will have a material impact not only for the business, but for the development of NSW and Australia’s e-waste recycling capabilities – a capability that is sorely needed. We congratulate all successful applicants in the Activation fund.”

This successful grant application enables Renewable Metals to access $500,000 in grant funding towards a feasibility study for their planned Critical Minerals and High-Tech Metals Recycling Demonstration Plant, covering close to 50% of project costs.

Luan Atkinson, General Manager at Renewable Metals, said: “This funding will be instrumental in bringing our project to life. We couldn’t have been happier with the support we received from the Government Grants team – it made a world of difference to our application, and we look forward to accelerating our business through this support.”

Stream 1 announcements see $8,685,438 of the $130 million allocated. Applications closed on 31 October for Stream 2, Enabling Project Infrastructure, and outcomes are pending.

Experts / Authors

Simone Barker Simone brings a background in management consulting and international business with particular focus on Asian export markets to the Innovation Incentives team. She specialises in supporting businesses to achieve their growth strategies through access to government funding and incentives. View Profile
Mikala Spark Senior Communications Manager at Grant Thornton Australia Click here for all media enquiries

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Congratulations to Renewable Metals, successful applicant of the NSW Critical Minerals Activation Fund

29 Nov 2022

The NSW Government allocated $130 million to the Critical Minerals and High-Tech Metals Activation Fund to deliver on the state’s vision to be a major global supplier and processor of critical minerals and high-tech metals.

Stream 1 announcements see $8,685,438 of the $130 million allocated. Applications closed on 31 October for Stream 2, Enabling Project Infrastructure, and outcomes are pending.

Experts / Authors

Simone Barker

Simone brings a background in management consulting and international business with particular focus on Asian export markets to the Innovation Incentives team. She specialises in supporting businesses to achieve their growth strategies through access to government funding and incentives.

View Profile

Mikala Spark

Senior Communications Manager at Grant Thornton Australia

The NSW Government allocated $130 million to the Critical Minerals and High-Tech Metals Activation Fund to deliver on the state’s vision to be a major global supplier and processor of critical minerals and high-tech metals.

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Congratulations to Renewable Metals, successful applicant of the NSW Critical Minerals Activation Fund

The NSW Government allocated $130 million to the Critical Minerals and High-Tech Metals Activation Fund to deliver on the state’s vision to be a major global supplier and processor of critical minerals and high-tech metals.

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