Financial PositionElectra has improved its capital structure by equitizing debt, resulting in a cleaner balance sheet and the addition of new strategic shareholders.
FundingElectra Battery Materials Corporation has secured significant funding from investors and government agencies, enabling the construction and commissioning of North America’s first cobalt sulfate refinery.
Strategic PositioningThe establishment of a domestic cobalt sulfate refinery positions Electra as a key player in restoring a closed-loop supply chain for North America, which is crucial amid ongoing geopolitical tensions.