Electra Battery Materials: Strengthening North America's Battery Supply Chain
Electra Battery Materials is committed to revitalizing North America's battery supply chain and reducing dependence on foreign cobalt sources.
Reducing reliance on foreign cobalt by revitalizing the North American battery supply chain
Electra Battery Materials is taking a strategic step towards reducing North America’s dependence on foreign cobalt sources, particularly from China, which supplies over 90% of the cobalt used in batteries today. Recently awarded $20 million by the U.S. Department of Defense, Electra is focused on creating a sustainable, domestic supply chain for battery materials. This initiative not only supports the electric vehicle industry but also aims to bolster the continent’s industrial base by ensuring reliable access to critical materials. Electra's commitment to establishing a local supply chain aligns with the broader push for energy independence and economic resilience.
For more information on Electra Battery Materials (TSX.V: ELBM, NASDAQ: ELBMF) please click the request investor info button.
.jpg)
You might also like
Critical Elements Lithium Poised to Support Growing Demand Beyond EVs
Critical Elements Lithium is ready to fuel tomorrow’s energy by advancing its Rose Lithium-Tantalum Project in Quebec. The company’s focus is on producing high-purity spodumene concentrate to supply the flourishing electric vehicle and energy storage systems industries.
Critical Elements Lithium: Is Quebec ready to deliver new North American supply?
Global lithium demand is expected to rise from roughly 1.2 million tonnes in 2025 to about 3 million tonnes by 2030, driven largely by electric vehicles and energy storage for ravenous data centres and artificial intelligence. Management believes supply will struggle to keep pace, creating room for new producers with near-term projects.
Harvest HPYB ETF Income From Canadian Banks
Harvest Premium Yield Canadian Bank ETF (HPYB) is built to generate higher income from Canadian bank stocks by combining bank exposure with an active options strategy that sells calls and puts, producing more tax-efficient cash flow than dividends alone.