Electra Battery Materials Corp (TSE:ELBM) has released an update.
Electra Battery Materials Corp has secured a pivotal cobalt supply agreement with Eurasian Resources Group to ensure a steady supply of cobalt hydroxide for North America’s first battery-grade cobalt sulfate refinery. The deal, which commences in 2026 for three years, aligns with U.S. efforts to establish a domestic EV battery supply chain and meet production capacity at Electra’s refinery in Canada. This strategic partnership with ERG is set to support the EV industry’s shift towards sustainable and ethically sourced battery materials.
For further insights into TSE:ELBM stock, check out TipRanks’ Stock Analysis page.
