The funds will support the development of the company’s battery recycling technology.
Electra Battery Materials Corp., Toronto, says it has received $5 million Canadian in funding from Natural Resources Canada to support the development of its proprietary battery materials recycling technology.
In 2023, the company says it successfully operated a battery materials recycling demonstration plant in a batch process at its refinery complex, processing more than 40 tons of black mass and producing high-quality nickel, cobalt and lithium products.
Building on the performance of the demonstration plant, Electra is accelerating the next phase of its recycling project to demonstrate on a continuous basis that its hydrometallurgical black mass process is scalable, profitable and can be implemented at other locations. The Canadian government, through Natural Resources Canada’s Critical Minerals Research, Development and Demonstration program, has committed the funding for this project, which will be based at the company’s facility located in Temiskaming Shores—approximately five hours north of Toronto.
