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Electra Battery Materials Corporation announced preliminary engineering results for a proposed two-phase nickel…
ELBMElectra Battery Materials Corp
Electra Battery Materials Corporation announced preliminary engineering results for a proposed two-phase nickel refinery in North America. The first phase targets an annual production capacity of approximately 20,000 tonnes of contained nickel from mine-derived feedstock and recycled battery black mass, with estimated capital costs ranging from US$530 million to US$675 million. Preliminary modeling indicates nickel and cobalt recoveries of 97% or higher. The company is currently engaging with governments for funding programs and partners for feedstock supply and offtake arrangements, while maintaining its immediate priority on the completion of its Ontario cobalt sulfate refinery. Electra Battery Materials Corporation operates in the critical minerals processing industry, focusing on refining battery materials such as cobalt and nickel to support North American supply chains.