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Electra Battery Materials Corp. V.ELBM

Alternate Symbol(s):  ELBM

Electra is building North America’s only fully integrated, localized and environmentally sustainable battery materials park, which will host cobalt and nickel sulfate production plants, a large-scale lithium-ion battery recycling facility, and battery precursor materials production, to become a reliable supplier to both North American and global EV and battery supply chains.


TSXV:ELBM - Post by User

Post by niceindyon Mar 02, 2022 10:11am
212 Views
Post# 34474656

Additional funding of C$250,000 from Government of Canada

Additional funding of C$250,000 from Government of Canadahttps://www.newswire.ca/news-releases/government-of-canada-to-fund-electra-glencore-and-talon-metals-study-885667476.html

Both Federal and Provincial Goverments are supporting the study for battery materials park by providing C$500,000. News release is not very clear, but they basically got additional funding of C$250,000 from Government of Canada. Earlier the total money for study was C$700,000 and now it’s C$950,000
 
As per initially announced on February 23rd 2022:
Provincial Government -  C$250,000
Electra -                           C$250,000
Glencore plc -                  C$100,000
Talon Metals -                  C$100,000
Total -                              C$700,000
 
As per yesterday’s (March 1, 2022) news release:
Government of Canada-  C$250,000
Provincial Government -  C$250,000
Electra -                           C$250,000
Glencore plc -                  C$100,000
Talon Metals -                  C$100,000
Total -                              C$950,000
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