![]() Strong interest from automotive companies and cell makers in an integrated lithium-ion battery raw materials industrial complex in North America, capitalising on Electra’s existing facilities and infrastructure to develop a Battery Materials Park in Canada.Electra Battery Materials’ industrial park in Ontario, Canada will be the only integrated battery materials complex in North America, providing a low carbon and domestic supply of key inputs to the electric vehicle revolution.Development of similar integrated battery material complexes in Europe and Asia have resulted in the construction of precursor cathode active material (PCAM) plants co-located adjacent to integrated refining facilities, as operational efficiencies can significantly lower the cost of battery cells. Results from this study will support ongoing discussions with potential providers of nickel feed material as well as engineering studies for a future low carbon nickel plant, capitalizing on an existing hydrometallurgical plant, hydroelectric power and seasoned construction and processing teams. Global consultancy firm CRU has been retained to complete a nickel market study, which will assess market conditions for a battery grade nickel sulfate plant in North America. The Company has also been testing black mass feeds from recycled batteries and will be announcing results from test work and engineering studies in the coming weeks. The name change, which remains subject to shareholder approval, better reflects the strategic positioning and more clearly communicates the Company’s long-term value proposition for customers, investors and other stakeholders.Įlectra Battery Materials is currently expanding a permitted hydrometallurgical refinery north of Toronto to produce 5,000 tonnes of cobalt starting in Q4 2022. will change its name to Electra Battery Materials Corporation (“ Electra”). ![]() To better reflect the Company’s vision, First Cobalt Corp. The new business model would result in the creation of the only battery materials park on the continent, providing North American automakers with direct access to a secure domestic source of low carbon raw materials. (TSX-V: FCC OTCQX: FTSSF) (the “Company”) today announced that it is expanding its strategic plan to provide battery grade nickel and cobalt, recycled battery materials and precursor material to the North American supply chain. ![]() ![]() TORONTO, ON – (November 8, 2021) – First Cobalt Corp. ![]()
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