Electra Battery Materials Corp (TSE:ELBM) has released an update.
Electra Battery Materials Corp is advancing its plans to become North America’s first refiner of battery grade cobalt sulfate, with the construction of its refinery in Ontario and a recent update on its progress, including securing equipment and expanding partnerships for future production. The company has also focused on battery recycling, refining 40 tonnes of black mass and planning joint ventures to support this initiative. Significantly, Electra has secured long-term supply agreements, including with Eurasian Resources Group, and received additional government investment, affirming its strategic position in the burgeoning EV supply chain.
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