Electra Battery Materials Inc. is a Canada-based battery materials company focused on the sourcing, refining and recycling of critical minerals used in lithium-ion batteries. The company’s core business activities include the development of hydrometallurgical processing facilities to convert raw feedstocks—such as mined ores, recycled battery black mass and industrial by-products—into battery-grade nickel, cobalt, lithium and other specialty materials. Electra’s business model centers on vertically integrated operations designed to secure supply chain resilience for North American and global electric vehicle (EV) and energy storage markets.
In 2022, Electra Battery Materials completed a business combination transaction and commenced trading on the NASDAQ under the ticker ELBM. The company has established a demonstration hydrometallurgical plant in Kingston, Ontario, where it produces battery-grade nickel and cobalt sulfates using a lower-carbon, water-based leaching process. Electra also holds interests in several Canadian asset projects, including the Georgia Lake lithium deposit in Ontario and the Carrière Lake lithium project in Québec. These development-stage properties are intended to serve as future sources of lithium feedstock for its planned full-scale refining operations.
Under the leadership of CEO Anthony Milewski, Electra has forged strategic partnerships with technology providers and offtake partners to advance its processing technologies and secure offtake agreements for refined battery materials. The company’s management team brings experience from the mining, chemical engineering and finance sectors, with a shared focus on deploying sustainable, closed-loop solutions for the EV battery supply chain. By integrating mining, refining and recycling activities, Electra seeks to provide reliable, ethically sourced battery materials to OEMs, cathode producers and battery manufacturers in North America and beyond.
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