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Electra Announces Federal Government Support for Completion of North America’s Only Cobalt Sulfate Refinery [Canadian Business Journal (Canada)]

Electra Battery Materials Corporation (ELBM) 
(All amounts in $C unless otherwise specified)TORONTO, March 21, 2025 (GLOBE NEWSWIRE) —Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM)“We are grateful to be working with the Government of Canada. Today’s announcement underscores their commitment to advancing North American energy security and critical mineral independence,” said Electra CEO, Trent Mell. “Electra’s refining complex is a cornerstone of this collective effort, providing a strategically unique solution to strengthen and diversify the region’s critical minerals supply chain. By addressing domestic shortfalls and reducing reliance on China, where approximately 90% of the world’s cobalt is currently refined, we are fostering a more resilient, sustainable, and self-reliant future for North America.”“LG Energy Solution will purchase up to 80% of our future production and buyer interest for the remainder far exceeds our capacity,” Mell continued. “With permits, infrastructure and buildings in place, most equi Show less Read more
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