Electra announces federal government support for completion of north america's only cobalt sulfate refinery

(all amounts in $c unless otherwise specified) toronto, march 21, 2025 (globe newswire) -- electra battery materials corporation (nasdaq: elbm; tsx-v: elbm) (“electra” or the “company”) is pleased to announce receipt of a letter of intent ("loi") for proposed funding of $20 million. the funding will support completion of construction and commissioning of north america's first battery grade cobalt refinery which will enable domestic production of up to one million electric vehicles annually.
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