Commenced initial operations to facilitate the reopening of North America's sole cobalt refinery, as noted by Electra.
Here's a revamped version of the Electra Battery Materials Corporation press release:
In the heart of Canada, Electra Battery Materials Corporation has fired up its cobalt refinery project located just north of Toronto, leading a wave of innovation in North American critical minerals.
The cobalt refinery, a cornerstone of North America's battery materials supply chain, is now in the heart of an exciting phase. Electra has officially initiated a series of intensive early works aiming to pave the way for a swift restart of the construction process. As the only project in North America set to produce battery-grade cobalt sulfate at scale, Electra is poised to shake up the industry with its cutting-edge approach.
Situated next to the refinery, Electra’s modular battery recycling facility plans to recover lithium, nickel, cobalt, manganese, and graphite from manufacturing scrap and end-of-life batteries. The recycling facility, scheduled to incorporate Electra's proprietary hydrometallurgical process, is currently undergoing advanced construction, backed by funding support from Natural Resources Canada.
To further strengthen the ties between Electra and the Canadian community, the company has partnered with the Three Fires Group. The collaboration aims to pioneer Canada's first Indigenous-led battery recycling venture, incorporating black mass processing at the batteyr-grade cobalt refinery.
With government funding in place and a philosophy centered on establishing a resilient, domestic supply chain, Electra is confident that it's just a stone's throw away from bringing the cobalt sulfate refinery into full commercial operation. So, buckle up—it seems like Electra is revving up for an electrifying leap forward in the global battery materials industry.
About Electra Battery Materials:
Based in Canada, Electra Battery Materials is a driving force behind advancing North America's critical minerals supply chain for lithium-ion batteries. With a comprehensive strategy to onshore critical minerals refining and reduce reliance on foreign supply chains, Electra is surging ahead across the landscape of the battery materials industry. Beyond establishing the cobalt sulfate refinery, Electra's plans include nickel refining and battery recycling projects, including integrating black mass recycling at its existing refining complex and exploring potential nickel sulfate production in North America. To learn more, head to www.ElectraBMC.com.
Contact:
Heather SmilesVice President, Investor Relations & Corporate DevelopmentElectra Battery Materials[email protected]1.416.900.3891
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Note: Due to character limitations in the platform, the Cautionary Note Regarding Forward-Looking Statements has been removed from this version.
This news release may contain forward-looking statements and forward-looking information (together, "forward-looking statements") within the meaning of applicable securities laws and the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, are forward-looking statements. Generally, forward-looking statements can be identified by the use of terminology such as "plans", "expects", "estimates", "intends", "anticipates", "believes" or variations of such words, or statements that certain actions, events, or results "may", "could", "would", "might", "occur" or "be achieved". Forward-looking statements are based on certain assumptions, and involve risks, uncertainties and other factors that could cause actual results, performance, and opportunities to differ materially from those implied by such forward-looking statements. Various factors could lead actual results to differ materially from these forward-looking statements. For further details, please refer to Electra Battery Materials Corporation's disclosures of risk factors filed on SEDAR at www.sedarplus.com and on EDGAR at www.sec.gov.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ff77cea3-9f89-4cb3-b19f-4f51615f58c0
GlobeNewswire, Inc.
- The cobalt refinery project by Electra Battery Materials Corporation, situated in Canada near Toronto, is receiving funding support from the Government of Canada, signifying a significant move in the country's finance sector to strengthen domestic supply chains.
- As Electra Battery Materials Corporation progresses with the construction of its battery recycling facility in Canada, it is adhering to the country's laws by partnering with the Three Fires Group to pioneer the first Indigenous-led battery recycling venture.
- With the expansion of its operations in Canada, Electra Battery Materials Corporation is poised to make headlines in Canadian news, particularly in the industry sector, as it aims to lead North America's battery materials supply chain, producing cobalt sulfate at scale.
