Electra Battery Materials Reports Construction Progress On Ontario Cobalt Sulfate Refinery, Advancing Procurement And Installation In Line With Plan
Benzinga Newsdesk 7 months ago
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Electra Battery Materials Corporation (NASDAQ:ELBM, TSXV:ELBM) ("Electra" or the "Company"), a North American critical minerals refining company, today provided a construction progress update for its cobalt sulfate
Electra Battery Materials Corporation (NASDAQ:ELBM, TSXV:ELBM) ("Electra" or the "Company"), a North American critical minerals refining company, today provided a construction progress update for its cobalt sulfate refinery project in Ontario. The project continues to advance beyond detailed engineering, with procurement and installation activities progressing in line with the Company's previously announced construction plan and budget.
The refinery is expected to become North America's only battery-grade cobalt sulfate production facility, with mechanical completion targeted for the second quarter of 2027 and commissioning activities beginning in advance of that milestone.