Canada’s Electra awarded $20 million from US DOD for cobalt refinery project

Canada’s Electra Battery Materials has been awarded $20 million by the US Department of Defense to support the construction and commissioning of its cobalt sulfate refinery, the company said Aug. 19. The $250 million refinery project is located north of Toronto, and would be the only cobalt sulfate refinery in North America. The DOD funding comes from the Defense Production…Canada’s Electra Battery Materials has been awarded $20 million by the US Department of Defense to support the construction and commissioning of its cobalt sulfate refinery, the company said Aug. 19. The $250 million refinery project is located north of Toronto, and would be the only cobalt sulfate refinery in North America. The DOD funding comes from the Defense Production…Read More