Electra awarded $5 million from government of canada to advance development of proprietary battery metals recycling technology

Toronto--(business wire)---- $elbm--electra battery materials corporation (nasdaq: elbm; tsx-v: elbm) (“electra” or the “company”) today announced that it has received $5 million in contribution funding from natural resources canada to support the development of its proprietary battery materials recycling technology. in 2023, the company successfully operated a battery materials recycling demonstration plant in a batch process at its refinery complex, processing more than 40 tonnes of end-of-life battery.
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