Pentagon invests US$20 million in Temiskaming cobalt refinery project

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Electra Battery Materials pockets Defense Department funding to finish refinery construction Electra Battery Materials has snagged a US$20-million ($27.4 million) grant from the U.S. Department of Defense (DoD) to finish construction of its cobalt refinery in the Temiskaming area. It’s a huge endorsement for a small and ambitious Toronto company that most investors and industry watchers would have to undertake a Google search on to find out its particulars. Electra is out to displace China as the world’s dominant player in critical minerals processing. Their ace in the hole is having the most advanced cobalt refinery in North America that’s...