Electra Announces Federal Government Support for Completion of North America’s Only Cobalt Sulfate Refinery

(All amounts in $C unless otherwise specified)

TORONTO, March 21, 2025 (GLOBE NEWSWIRE) -- Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra” or the “Company”) is pleased to announce receipt of a Letter of Intent ("LOI") for proposed funding of $20 million. The funding will support completion of construction and commissioning of North America’s first battery grade cobalt refinery which will enable domestic production of up to one million electric vehicles annually.

Read more at globenewswire.com