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Electra Battery Materials Secures C$17.5M Funding Term Sheet From Invest Ontario To Build North America's First Battery-Grade Cobalt Sulfate Refinery

Author: Benzinga Newsdesk | September 12, 2025 09:19am

Electra Battery Materials Corporation (NASDAQ:ELBM, TSXV:ELBM) ("Electra" or the "Company") is pleased to announce it has signed a term sheet for C$17.5 million in proposed funding from Invest Ontario, an agency of the Government of Ontario, to support construction of its cobalt sulfate refinery in Temiskaming Shores. Once operational, the facility will be the first in North America dedicated to producing battery-grade cobalt sulfate.

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