Electra Battery Materials Corp (ELBM)

[KashGreen]

With the only permitted cobalt refinery capable of producing battery-grade material in North America, the enlarged company is set to become a leader in North American cobalt. “We foresee a shortage of cobalt over the next five years, yet there are few companies doing significant work to identify new sources of supply,” First Cobalt President and CEO Trent Mell said. “This transaction creates a larger platform to discover and develop cobalt projects for the growing electric vehicle market by combining high quality North American assets in two of the best cobalt jurisdictions outside the DRC.”