Electra Battery Materials (ELBM) Stock Skyrockets on $30M Cobalt Refinery Funding – EV Metal Boom Ignites
Company Overview Electra Battery Materials describes itself as “a leader in advancing North America’s critical minerals supply chain” for electric vehicles Electrabmc. Its flagship project is a cobalt sulfate refinery in Temiskaming Shores, Ontario – slated to become the continent’s first battery-grade cobalt plant. Cobalt sulfate is a key input for lithium-ion battery cathodes. Electra’s multi-phase plan is to convert raw minerals into refined battery chemicals and eventually recycle used batteries into fresh materials Electrabmc Electrabmc. To diversify feedstock, Electra is testing domestic cobalt sources: in Q2 it launched metallurgical assays of material from the Iron Creek deposit in Idaho
