Westwin Elements, Traxys eye $3.9 billion, 22 year nickel offtake extension
Westwin operates a demonstration plant in Oklahoma, and has selected Natchez, Mississippi, for its upcoming commercial-scale class 1 nickel refinery, the first in the US.
Westwin Elements and Traxys have extended their existing feedstock and nickel offtake agreements for up to 22 years, potentially bringing in approximately $3.96 billion in transaction value. This extension aims to help Westwin secure feedstock and offtake as it increases its U.S. production, thereby reducing commercial risk and bolstering the domestic nickel supply chain.
Westwin currently operates a demonstration plant in Lawton, Oklahoma, and is set to open a commercial-scale class 1 nickel refinery in Natchez, Mississippi, slated to be the first of its kind in the U.S. The Natchez facility will leverage Westwin's existing experience at its 20-tonne-per-year demonstration plant in producing class 1 nickel powder.
The companies first agreed to collaborate in 2025, with Traxys supplying mixed hydroxide precipitate (MHP) feedstock to Westwin's planned refinery and purchasing refined nickel briquettes. The amended agreement allows Westwin the option to extend both of these arrangements for a combined total of up to 22 years. Westwin CEO KaLeigh Long emphasized the importance of the extended framework in scaling production and securing reliable feedstock supply.
Traxys CEO Mark Kristoff highlighted the company's ongoing commitment to strengthening secure U.S. supply chains for critical materials through this long-term extension.
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