Jan. 1, 2025 – Big Blue Technologies Inc. (BBT) and Baymag Inc. have executed a Letter of Understanding for an exclusive supply agreement
of up to 4,000 tons of magnesium oxide (MgO). This partnership marks a significant milestone towards a North American magnesium metal supply infrastructure.
As the United States actively looks to secure critical minerals vital for national security, this partnership empowers the industry to sustainably and locally achieve independence in North American magnesium production. Through this strategic alliance BBT and Baymag will work together to play a critical role in reinforcing national defense and building industrial infrastructure for the national economy.
“Baymag is one of the world’s leading manufacturers of high-grade magnesium oxide given their access to pure crystalline magnesite deposits,” said Boris Chubukov, Chief Technology Officer of BBT. “This partnership will support BBT’s current pilot plant and plans to rapidly scale production as a top North American producer of sustainable magnesium and calcium aluminate products. Notably, this milestone strengthens the North American magnesium metal supply chain especially since magnesium is a critical resource for automotive manufacturing, construction and defense applications.”
BBT aspires to be the foremost provider of magnesium metal and calcium aluminate in North America, and this partnership will supply the necessary MgO required for BBT’s first planned commercial demonstration plant, with a target capacity of 2,000 tons of magnesium metal per year. Baymag is also committed to supporting BBT’s continued growth as it scales to meet the North America demand for this critical material. To learn more, visit www.bigbluetech.com and www.baymag.com.
About Big Blue Technologies Inc.
Big Blue Technologies, Inc. is rapidly scaling process technology to produce magnesium metal and calcium aluminate. Focusing on safety, scalability, and cost-effectiveness, Big Blue Technologies, Inc. is ready to fill supply chain gaps in North America and re-establish domestic production capacity. Visit www.bigbluetech.com to learn more.
About Baymag Inc.
Baymag, a member of the Refratechnik Group of companies, is Canada’s sole provider of high-grade magnesium-based products to global markets, dedicated to delivering innovative solutions for a variety of industrial, agricultural, and environmental applications. With a focus on sustainable and performance driven applications, BaymagInc. aims to redefine industry standards through continuous technological advancements. For more information, visit www.baymag.com.