Electra evaluates development of second battery materials refinery in north america; appoints 30 year industry veteran to lead study

Toronto , june 22, 2022 /prnewswire/ - electra battery materials corporation (nasdaq: elbm) (tsxv: elbm) ("electra") today announced that as part of its growth strategy in support of the onshoring of electric vehicle supply chains in north america, it has begun preliminary discussions with the government of quebec to build a new cobalt refinery in bÉcancour, quebec that will integrate with an emerging battery materials park in the province. "given a forecasted deficit in domestic cobalt sulfate production by 2025, we have received significant interest from industry and government stakeholders to build a second refinery in north america," said trent mell, ceo of electra battery materials.
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