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Electra Battery Materials (ELBM) Receives $5 Million Grant from Government of Canada to Support the Development of the North American Electric Vehicle Supply Chain

The federal government gives a $5 million grant to cash-strapped Electra, a cobalt refinery in northern Ont.

The company received $5 million in federal funding. It is still missing some $80 million to be able to launch into production. There are no other cobalt refineries in North America, and the material is slated to grow in popularity as more and more people buy electric vehicles.

Nipissing MP Anthony Rota talks batteries in Cobalt

Electra Battery Materials Corporation received a $5 million cash injection to expand its electrical battery plant in Cobalt

Electra Receives $5 Million Grant from Government of Canada to Support the Development of the North American Electric Vehicle Supply Chain

Electra Receives $5 Million Grant from Government of Canada to Support the Development of the North American Electric Vehicle Supply Chain