Electra Battery Materials Corp – Advancing North America’s Only Cobalt Sulfate Refinery To Onshore Domestic Critical Minerals Production

Trent Mell, President, CEO, and Founder of Electra Battery Materials Corporation (NASDAQ: ELBM) (TSX-V: ELBM), joins me for a comprehensive overview the value proposition for the Company, as a leader in advancing North America’s critical minerals supply chain for lithium-ion batteries and for the defense industry.

 

Electra’s primary focus is constructing North America’s only hydrometallurgical facility capable of refining  cobalt sulfate, and it has an operating history of previously producing cobalt carbonate and nickel carbonate. This is part of a phased strategy to onshore critical minerals refining and reduce reliance on foreign supply chains. Electra’s cobalt sulfate refinery is located in Ontario, Canada, near some of the largest auto manufacturing centers in North America.

 

Electra is also advancing black mass recycling opportunities to recover critical materials from end-of-life batteries, while continuing to evaluate growth opportunities in nickel refining and other downstream battery materials like lithium and graphite.

 

Trent reviewed their strategic government-backed infrastructure with support from U.S. Department of War, the Government of Canada, and the Invest Ontario program. The Company has in place 2 key feedstock contracts with Glencore and Eurasian Resources Group (ERG), as well as commercial offtake agreements with LG Energy Solution and off-book government and manufacturing organizations.

 

In addition to the main opportunity and contracts in place to feed the refinery, Electra holds a significant land package in Idaho’s Cobalt Belt, including its Iron Creek project and surrounding properties, positioning the Company as a potential cornerstone for North American cobalt and copper production. The potential exists to add future Idaho feedstock to supplement the Ontario refining, to add in the processing of nickel sulfate, in addition to the battery recycling expansion opportunity.

 

If you have any further questions for Trent regarding Electra Battery Materials Corp, then please email them into me at  Shad@kereport.com.

 

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