Core Insights - Fox River Resources Corporation has successfully produced purified phosphoric acid (PPA), essential for the lithium-iron-phosphate (LFP) battery supply chain [1][2] - The company has completed testwork to identify necessary operations for upgrading merchant grade acid to PPA, paving the way for a dedicated production facility [2] - The PPA facility is planned to be integrated within a phosphate fertilizer complex, which will optimize byproduct recovery [2][4] Company Overview - Fox River Resources holds a 100% interest in the Martison Phosphate Project located near Hearst, Ontario, which is designed as a vertically integrated operation [6] - The Martison project features a high-grade igneous phosphate deposit, aimed at providing secure domestic supplies of both phosphate fertilizers and PPA for the LFP battery industry [6] - The project's Anomaly A deposit has a positive preliminary economic assessment effective as of April 21, 2022 [6] Market Implications - The successful production of PPA expands market opportunities for Fox River, particularly in supporting the growing LFP battery market [4] - The company intends to supply PPA to prospective LFP battery manufacturers for evaluation and testing [3] Technical Validation - The scientific and technical information disclosed has been reviewed and approved by a qualified chemical engineer, ensuring the credibility of the data [5]

Core Insights - Electra Battery Materials Corporation reported its financial results for Q2 2025, highlighting ongoing efforts to enhance its position in North American battery materials production [1][4]. Activities from the Quarter - The company initiated early works for the cobalt refinery construction and began metallurgical testing of domestic cobalt feedstock from Ontario and Idaho [2][7]. - A feasibility level Class 3 Engineering Study for a new battery recycling facility was completed, which will be integrated with the cobalt refinery [2][7]. - Electra's cash position at the end of Q2 2025 was C$3 million, and it received a temporary waiver to reduce the minimum liquidity balance to US$1 million [5]. Strategic Focus - The company aims to align its capital structure with long-term strategic goals, focusing on critical infrastructure for North American battery materials [4]. - Electra's CEO emphasized the importance of securing domestic supply chains and reducing reliance on foreign sources of critical minerals [6]. - The company is advancing its battery recycling platform and diversifying its feedstock supply with ethical, domestic sources [6][7]. Joint Ventures and Partnerships - Progress was made on the Aki Battery Recycling joint venture with Three Fires Group, which aims to establish Canada's first Indigenous-led lithium-ion battery recycling initiative [7]. Company Overview - Electra is focused on developing North America's only cobalt sulfate refinery and aims to create a closed-loop battery materials supply chain [8].