ELBM Profile
Electra Battery Materials Corporation is a resource exploration and development company focused on acquiring and exploring mineral properties across the United States and Canada. The company is primarily engaged in the search for cobalt and silver deposits, which are critical for various industrial applications, including the electric vehicle (EV) sector. Electra's strategic initiatives are centered around identifying and developing high-potential mining projects to support the growing demand for battery materials.
The company's flagship asset is the Iron Creek cobalt-copper project, a significant exploration site spanning approximately 5,900 acres in Lemhi County, Idaho. This project is a key component of Electra’s portfolio, reflecting its commitment to developing critical resources for the battery supply chain. The Iron Creek project is strategically positioned to capitalize on the increasing demand for cobalt, an essential component in lithium-ion batteries used in electric vehicles and renewable energy storage systems.
In addition to its exploration activities, Electra Battery Materials Corporation operates a state-of-the-art cobalt refinery, which plays a crucial role in the production of high-purity battery materials. This facility is designed to support the electric vehicle supply chain by processing cobalt into refined materials that meet the stringent specifications required for advanced battery technologies. The refinery underscores the company's integrated approach to resource development and value-added processing.
Formerly known as First Cobalt Corp., Electra Battery Materials Corporation rebranded in December 2021 to better reflect its focus on the battery materials sector. Incorporated in 2011 and headquartered in Toronto, Canada, Electra continues to expand its operations and refine its strategic objectives. By combining exploration with advanced processing capabilities, the company is positioned to be a significant player in the global transition to electric mobility and sustainable energy solutions.
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