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

August 19, 2024 Comments Off

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…