Core Insights - Electra Battery Materials is advancing plans to establish North America's first battery-grade cobalt sulfate refinery, positioning itself as a key supplier for the region's increasing demand for critical minerals [1] - The company has secured necessary permits, resumed construction activities, and raised over US$78 million in funding from government partners and recent financing efforts [1] - By localizing cobalt processing, Electra aims to reduce dependence on offshore supply chains, thereby strengthening North America's battery supply chain amid geopolitical and industrial challenges [1]