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Electra Battery Materials’ board of directors recently approved a US$73 million budget to launch expansion plans for its brownfield site, located on the border of Temiskaming Shores and the Town of Cobalt, Ont.

Once up and running, the refinery will produce refined cobalt, the first produced in North America. Refined cobalt is a key part in manufacturing batteries for electric vehicles.

“We are going to be the first — not just the first in Canada, not just the first northern Ontario, but the first in North America — and so it’s an honour. It’s been a long journey. By this time next year, we’ll be getting close to finalizing construction.”

Company founder and CEO Trent Mell said that parts of the plant will be commissioned later in 2026, with investment and support from all levels of government, including the United States.

Read more at: https://www.ctvnews.ca/northern-ontario/article/northern-ont-critical-minerals-company-ready-for-construction/