HNR general discussion, page-1415

Look at our peers.

Until recently, they could only recycle around 500tpa (500 tons per annum). HNR could build a plant capable of 10tpd (10 tons per day)

500 tons in one year compares to HNR 10 tons x 365 days = 3,650 tons.

What happens if HNR finds a more significant customer in the Nordics? Then we could run a 20tpd or 30tpd.

Now the figures start to explode.

20tpd x 365 = 7,300 tons per annum
30tpd x 365 = 10,950 tons per annum

Our peer in the past has done under 500 tons per annum.


Lately, our peer only ships around 14 tons of black mass per quarter, give or take. But these batteries are hand sorted & burnt to produce toxic chemicals. HNR uses a hydrometallurgy process to recover more of the valuable minerals.

Nordic Battery Recycling Project - Hannans Ltd



Look at how much income was derived from battery recycling last year. $500K. That's it. They made half a million dollars in 12 months from recycling batteries & their MC is higher than ours?




Here are their losses for the year, $20 million dollars.

They lost $9 million the year before.




If our peer has a MC over $100M, then common sense would tell you HNR is worth at least 4 cents.