Electra Battery Materials Corp V.ELBM

Partnering with Government of Ontario

[Betteryear2]

TORONTO, Feb. 23, 2022 /CNW/ - Electra Battery Materials Corporation (TSXV: ELBM) (OTCQX: ELBMF) ("Electra") is pleased to announce the launch of a battery materials park study in partnership with the Government of Ontario, Glencore plc and Talon Metals. The consortium will collaborate on engineering, permitting, socio-economic and cost studies associated with the construction of a nickel sulfate plant as well as a battery precursor cathode active materials (PCAM) plant adjacent to Electra's cobalt refinery and recycling plant. The realization of this vision would result in the creation of North America's first integrated, localized and environmentally sustainable battery materials park for the electric vehicle market.

[Marshall]

Talon Metals has a deal with Tesla

[Marshall]

The Ontario government has been struggling and stumbling with attracting a tier 1 OEM battery manufacturer into its province.  More battery manufacturing in the province will surely be a recommendation in this study.  As soon as the government gets involved, you know the wheels of fortune will be slow turning. Hopefully they don't get too involved. 

[Marshall]

Hopefully this study raises the concern of electricity costs in Ontario.  One of the biggest challenges with developing the battery business in Ontario is the operating costs in the province.  Ontario has some of the highest electricity costs in the country so how can the provincial government expect large plants to set up?   Here is an article on the subject. Ontarians

[Silverad0]

Marshall. Well said. There is very little green about windmills and solar arrays. The woke governments that we are electing will continue to drive business out. Why?  Because they know nothing about business.  When employment mandates dictate gender race equity over merit like is happening now business just goes elsewhere.  So it's not only high energy costs that are an