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Electra Battery Materials Corporation received a $20M US grant from the U.S. military to establish a cobalt refinery in Ontario.
Sep 01, 2026•6 days ago
TorontoManufacturingEnergyRenewable EnergyMining
Description
The U.S. military has announced a $20 million US grant to Electra Battery Materials Corporation for the construction of a cobalt refinery in northern Ontario. This is part of a new national-security initiative to fund mining projects in Canada.
Company Information
Company
Electra Battery Materials Corporation
Location
133 Richmond Street West, Suite 602
Toronto, Ontario, Canada
About
Electra is building North America’s only fully integrated, localized and environmentally sustainable battery materials park. Leveraging the company’s own mining assets and business partners, the Electra Battery Materials Park will host cobalt and nickel sulfate production plants, a large-scale lithium-ion battery recycling facility, and battery precursor materials production, which will serve both North American and global customers. Electra Battery Materials is an integral part of the North American battery supply chain, providing low-carbon, sustainable and traceable raw materials for the region’s fast growing electric vehicle industry.
TorontoManufacturingEnergyRenewable EnergyMining