Electra Battery Materials reports high-grade gold, cobalt values on CAS Property

Electra Battery Materials (ELBM) provided an update on its exploration efforts at the CAS Property in the Idaho Cobalt Belt, U.S.A. Recent and historical data from CAS highlight high-grade gold values over significant intervals and underscore the growing importance of the CAS Property to Electra’s Idaho exploration strategy. Between 2003 and 2006, over 2,600m of drilling was conducted over on the CAS Property, identifying significant gold values. Copper-rich massive sulfide boulders were also discovered nearby, but despite previous exploration the bedrock source of this style of mineralization has not been found. Electra holds a significant land position in the Idaho Cobalt Belt, including the Iron Creek deposit and the highly prospective Ruby target area. The CAS Property option expands this footprint and opens the door for potential collaboration with gold-focused explorers. Electra’s immediate priority is completing the construction of North America’s first battery-grade cobalt refinery in Canada, which can enable the development of future cobalt deposits in Idaho. The Idaho Cobalt Belt is recognized by the U.S. Geological Survey as the largest undeveloped primary cobalt resource in the United States and hosts multiple mineral deposits, some of which were historically mined.