Core Insights - Electra Battery Materials Corporation is initiating a feasibility study for a battery recycling refinery near its cobalt refinery in Ontario, building on previous recycling trials that produced lithium and nickel-cobalt products from end-of-life batteries [1][3] - The company aims to establish partnerships with North American battery manufacturers to create a closed-loop system for critical minerals, reducing reliance on Asian refining [2][4] - Electra's proprietary hydrometallurgical process is designed to optimize recycling operations, enhancing efficiency and product value while minimizing risks [3][4] Group 1: Company Strategy and Operations - Electra's strategy focuses on reducing North America's dependence on critical minerals from China by developing a domestic supply chain for battery materials [4][6] - The company has processed 40 tonnes of black mass in 2023 to test its recycling process and received C$5 million from Natural Resources Canada to further develop its recycling capabilities [4][5] - Electra is also working on establishing North America's first battery-grade cobalt refinery, with plans for nickel production and battery recycling as part of its long-term vision [5][6] Group 2: Partnerships and Collaborations - Electra is collaborating with the Three Fires Group to build a pretreatment facility for battery scrap, which will supply black mass for refining [2][4] - The company has engaged Green Li-ion to assist with engineering and feasibility studies, leveraging their expertise in recycling technology [3][4] - This partnership aims to enhance Electra's capabilities in processing black mass and further solidify its position in the battery materials sector [3][4]
Electra Initiates Feasibility Study for Battery Recycling Refinery