Electra and Eurasian Resources Group Sign Cobalt Supply Agreement [Yahoo! Finance]
Electra Battery Materials Corporation (ELBM)
Company Research
Source: Yahoo! Finance
Group S.A.R.L. ("ERG"), a leading diversified natural resources group headquartered in Luxembourg, announced today that they have signed a binding letter of intent for long-term supply of ERG's cobalt hydroxide to North America's first battery grade cobalt sulfate refinery. The agreement, effective April 1, 2024, supports efforts to onshore the battery supply chain and reduce reliance on foreign refiners. Starting from 2026, under the three-year supply agreement, ERG will deliver 3,000 tonnes per annum of IRA-compliant cobalt to Electra's refinery north of Toronto With this agreement, Electra has sufficient cobalt hydroxide feed material to meet all of the refinery's annual capacity Cobalt will come from ERG's Metalkol operation in the Democratic Republic of the Congo, one of the largest cobalt hydroxide facilities globally Further collaboration is under consideration for Electra's plans to build a second cobalt refinery in Bécancour, Quebec Under the United States Inflation
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ELBM
News
- Nano One: Rewriting The Rules Of Lithium Batteries [Seeking Alpha]Seeking Alpha
- Electra and Eurasian Resources Group Sign Cobalt Supply AgreementBusiness Wire
- Electra Receives Extension from NASDAQ to Resolve Minimum Price Requirement [Yahoo! Finance]Yahoo! Finance
- Electra Receives Extension from NASDAQ to Resolve Minimum Price RequirementBusiness Wire
- Electra Provides Corporate UpdateBusiness Wire
ELBM
Sec Filings
- 4/2/24 - Form 6-K
- 3/21/24 - Form 6-K
- 3/13/24 - Form 6-K
- ELBM's page on the SEC website