Westwin Elements has filed a notice of an exempt offering of securities to raise $20 Million in New Equity Investment.
According to filings with the U.S. Securities and Exchange Commission, Westwin Elements is raising $20,000,000.00 in new funding. Sources indicate that as part of senior management Chief Executive Officer, Kaleigh Long played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.
About Westwin Elements
Nickel and Cobalt are critical elements vital to key applications, including superalloys in jet engines, lithium-ion batteries in electric vehicles, and cemented carbides in industrial machinery. Westwin Elements Inc. will be Americas major supplier of ethically sourced and sustainably produced high purity nickel and cobalt. For nickel, Westwin will use a carbonyl refining process, and for cobalt, Westwin will use a solvent extraction-electrowinning (SX-EW) process. Westwin Elements will operate a major critical metals refinery in Lawton, Oklahoma. Nickel carbonyl refining uses carbon monoxide to react with impure nickel feedstock, which transforms the solid nickel into nickel carbonyl gas that is then decomposed into nickel carbonyl powder. Cobalt SX-EW produces high purity cobalt rounds by solvent extraction concentrating materials in a solution, and then electrowinning extracting the targeted elements. Carbonyl refining produces no polluting waste products, using hermetically sealed chambers and recycling the gas inputs. Notably, Westwins preferred carbonyl refining method requires minimal modifications to extract nickel, cobalt, and iron from shredded electric vehicle batteries called black mass. SX-EW is the most environmentally friendly proven method for commercially refining cobalt. SX-EW has far less environmental impact than the hydrometallurgical and pyrometallurgical refining methods used in China. Westwin aims for its facilities to have zero environmental impact, reusing and capturing all byproducts. At its site in Lawton-Fort Sill, Oklahoma, Westwins refinery complex can source 100 percent renewable energy. Westwins refinery will be built on a 480-acre plot in Lawton, Oklahoma, in a well-developed industrial park with direct access to major transportation links. Westwin Elements will source its feedstock from secure, ethical sources.
To learn more about Westwin Elements, visit http://www.westwinelements.com/
Contact:
Kaleigh Long, Chief Executive Officer
918-232-4335
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