Electra awarded $20 million from u.s. department of defense under the defense production act

Toronto--(business wire)--electra battery materials corporation (nasdaq: elbm; tsx-v: elbm) (“electra” or the “company”), a processor of low-carbon, ethically-sourced battery materials, announced today that it has been awarded $20 million by the u.s. department of defense. the award was made pursuant to title iii of the defense production act (dpa) to expand domestic production capability and is funded through the additional ukraine supplemental appropriations act. the funds will support the co.
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