Government of Canada supports Electra Battery Materials' cobalt sulfate production proposal

The Canadian federal government has welcomed Electra Battery Materials’ proposal to transform its facility in Temiskaming Shores, Ontario, into a cobalt sulfate refinery. This development is part of a broader effort to expand Canada’s critical minerals value chains to support the transition to a net-zero economy. The cobalt sulfate produced will be vital for the automotive sector, particularly in electric vehicles, and the project is backed by $10 million in support from Natural Resources Canada and the Federal Economic Development Agency for Northern Ontario.