Electra Battery Materials Corp V.ELBM

Alternate Symbol(s): ELBM

Metals & Mining Industrial Metals & Minerals

Electra Battery Materials Corporation is a Canada-based processor of low-carbon, ethically sourced battery materials. The Company is focused on building a supply of cobalt, nickel and recycled battery materials. It is engaged in the business of battery materials refining, including refining material from mining operations and from the recycling of battery scrap and end of life batteries. It owns two main assets: the refinery located in Ontario, Canada and the Iron Creek cobalt-copper project located in Idaho, United States. Its projects include Ontario Refinery, Recycling, Becancour, North American Nickel and Iron Creek. It is in the process of constructing its expanded hydrometallurgical cobalt refinery, assessing the various optimizations and modular growth scenarios for a recycled battery material (known as black mass) program, and exploring and developing its mineral properties. The Iron Creek Project consists of mining patents and exploration claims over an area of 3,300 hectares.

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Electra Battery Materials Corp > Additional funding of C$250,000 from Government of Canada

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Post by niceindyon Mar 02, 2022 10:11am

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Post# 34474656

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

https://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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