Electra to Discuss Partnership Opportunities at Indonesian Critical Minerals Summit
Electra Battery Materials (NASDAQ: ELBM; TSX-V: ELBM) announced its participation in Indonesia's first critical minerals conference, Fastmarket's International Critical Minerals and Metals Summit: Indonesia. CEO Trent Mell will discuss Indonesia's role in building an IRA-compliant supply chain for the North American battery materials sector. This follows Electra's recent US$20M Department of Defense grant for advancing domestic cobalt refining capabilities.
Electra's near-term priority is recommissioning and expanding its Ontario cobalt refinery. Long-term plans include onshoring additional critical mineral refining processes, potentially including a closed loop for recycled battery materials, a second cobalt sulfate facility in Bécancour, Quebec, and a North American nickel sulfate refinery.
Electra Battery Materials (NASDAQ: ELBM; TSX-V: ELBM) ha annunciato la sua partecipazione alla prima conferenza sui minerali critici in Indonesia, il Fastmarket's International Critical Minerals and Metals Summit: Indonesia. Il CEO Trent Mell discuterà il ruolo dell'Indonesia nella costruzione di una catena di approvvigionamento conforme all'IRA per il settore dei materiali per batterie nordamericane. Questo segue la recente borsa di studio di 20 milioni di dollari del Dipartimento della Difesa degli Stati Uniti per il miglioramento delle capacità di raffineria di cobalto domestico.
La priorità a breve termine di Electra è ripristinare e ampliare la sua raffineria di cobalto in Ontario. I piani a lungo termine includono il rimpatrio di ulteriori processi di raffinazione dei minerali critici, potenzialmente includendo un sistema a circuito chiuso per materiali batteria riciclati, una seconda struttura di solfato di cobalto a Bécancour, Quebec, e una raffineria di solfato di nichel in Nord America.
Electra Battery Materials (NASDAQ: ELBM; TSX-V: ELBM) anunció su participación en la primera conferencia de minerales críticos de Indonesia, el Fastmarket's International Critical Minerals and Metals Summit: Indonesia. El CEO Trent Mell hablará sobre el papel de Indonesia en la construcción de una cadena de suministro conforme al IRA para el sector de materiales para baterías en América del Norte. Esto sigue a la reciente subvención de 20 millones de dólares del Departamento de Defensa de EE. UU. para avanzar en las capacidades de refinamiento de cobalto doméstico.
La prioridad a corto plazo de Electra es reabrir y expandir su refinería de cobalto en Ontario. Los planes a largo plazo incluyen el regreso de procesos adicionales de refinamiento de minerales críticos, potencialmente incluyendo un circuito cerrado para materiales de batería reciclados, una segunda instalación de sulfato de cobalto en Bécancour, Quebec, y una refinería de sulfato de níquel en América del Norte.
Electra Battery Materials (NASDAQ: ELBM; TSX-V: ELBM)는 인도네시아에서 개최되는 첫 번째 중요 광물 컨퍼런스인 Fastmarket의 International Critical Minerals and Metals Summit: Indonesia에 참여한다고 발표했습니다. CEO인 Trent Mell은 북미 배터리 소재 산업을 위한 IRA 준수 공급망 구축에서 인도네시아의 역할에 대해 논의할 것입니다. 이는 Electra가 최근 미국 국방부로부터 2천만 달러의 보조금을 받아 국내 코발트 정제 능력을 발전시키는 데 이어지는 것입니다.
Electra의 단기 우선 과제는 온타리오의 코발트 정제소를 재가동하고 확장하는 것입니다. 장기 계획에는 추가적인 중요 광물 정제 프로세스를 국내로 가져오는 것이 포함되며, 잠재적으로 재활용 배터리 소재를 위한 폐쇄 루프 시스템, 퀘벡의 Bécancour에서의 두 번째 코발트 황산 시설, 그리고 북미에서의 니켈 황산 정제소가 포함될 것입니다.
Electra Battery Materials (NASDAQ: ELBM; TSX-V: ELBM) a annoncé sa participation à la première conférence sur les minéraux critiques en Indonésie, le Fastmarket's International Critical Minerals and Metals Summit: Indonesia. Le PDG Trent Mell discutera du rôle de l'Indonésie dans la construction d'une chaîne d'approvisionnement conforme à l'IRA pour le secteur des matériaux de batterie en Amérique du Nord. Cela fait suite à la récente subvention de 20 millions de dollars du Département de la Défense des États-Unis pour faire progresser les capacités de raffinage du cobalt domestique.
La priorité à court terme d'Electra est de remettre en service et d'élargir sa raffinerie de cobalt en Ontario. Les plans à long terme incluent la relocalisation de processus de raffinage supplémentaires pour les minéraux critiques, potentiellement incluant un circuit fermé pour les matériaux de batterie recyclés, une seconde installation de sulfate de cobalt à Bécancour, au Québec, et une raffinerie de sulfate de nickel en Amérique du Nord.
Electra Battery Materials (NASDAQ: ELBM; TSX-V: ELBM) hat seine Teilnahme an der ersten Konferenz für kritische Mineralien in Indonesien, dem Fastmarket's International Critical Minerals and Metals Summit: Indonesia, bekannt gegeben. CEO Trent Mell wird Indiens Rolle beim Aufbau einer IRA-konformen Lieferkette für den nordamerikanischen Batteriematerialsektor erörtern. Dies folgt auf Electras kürzliche 20-Millionen-US-Dollar-Zuwendung des Verteidigungsministeriums der Vereinigten Staaten zur Verbesserung der inländischen Kobaltreinigungsfähigkeiten.
Die kurzfristige Priorität von Electra ist es, ihre Kobaltreinigungsanlage in Ontario wieder in Betrieb zu nehmen und auszuweiten. Langfristige Pläne umfassen die Verlagerung zusätzlicher kritischer Mineralverarbeitungsprozesse ins Inland, möglicherweise einschließlich eines geschlossenen Kreislaufs für recycelte Batteriematerialien, einer zweiten Kobaltsulfat-Anlage in Bécancour, Quebec, und einer Nickel-Sulfat-Raffinerie in Nordamerika.
- Received a US$20M Department of Defense grant for domestic cobalt refining
- Participation in Indonesia's first critical minerals conference, potentially opening new market opportunities
- Plans to expand North American battery materials supply chain through increased processing capacity
- None.
TORONTO, Aug. 30, 2024 (GLOBE NEWSWIRE) -- Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra” or the “Company”) is pleased to announce its participation in Indonesia’s first critical minerals conference, Fastmarket’s International Critical Minerals and Metals Summit: Indonesia. The summit will bring together industry leaders, policymakers, and stakeholders to discuss Indonesia’s role in the global energy transition. Electra’s participation will underscore the opportunities to develop sustainable nickel and cobalt supply chains for the North American battery materials sector.
Electra CEO, Trent Mell, will sit on a panel titled “Examining Indonesia’s Role in Building an IRA-Compliant Supply Chain.” The conversation will delve into Indonesia’s expanding role as a key source of nickel and cobalt and how to build an EV supply chain that meets the requirements of the U.S. Inflation Reduction Act. As electric vehicle market share continues to expand, Indonesia’s strategic importance in the global supply chain is poised to grow significantly.
Electra’s involvement in this conference is timely, following its recent announcement of a US
“We are honored to be invited to share our insights at this inaugural event,” said Mell. “Indonesia will play a crucial role in the future of battery production, and we welcome these discussions around how the region can enter new markets to support the development of an IRA-compliant supply chain. As we look to the future, expanding North America’s battery materials supply chain by increasing processing capacity for nickel and cobalt not only fosters new global partnerships but also ensures that our approach to sourcing and production aligns with environmental stewardship and long-term sustainability goals.”
Electra’s near-term priority is recommissioning and expanding its Ontario cobalt refinery, while its longer-term vision includes extending its efforts to include onshoring additional critical mineral refining processes. Additional phases in building the North American supply chain could provide a closed loop for recycled battery materials, a second cobalt sulfate facility in Bécancour, Quebec, and a strategically located North American nickel sulfate refinery to supply battery grade nickel to the North American and global electric vehicle battery market.
About Electra Battery Materials
Electra is a processor of low-carbon, ethically-sourced battery materials. Currently focused on developing North America’s only cobalt sulfate refinery, Electra is executing a phased strategy to onshore the electric vehicle supply chain and provide a North American solution for EV battery materials refining. In addition to building North America’s only cobalt sulfate refinery, its strategy includes integrating black mass recycling, potential cobalt sulfate processing in Bécancour, Quebec, and exploring nickel sulfate production potential within North America. For more information, please visit www.ElectraBMC.com.
Contact
Heather Smiles
Vice President, Investor Relations & Corporate Development
Electra Battery Materials
info@ElectraBMC.com
1.416.900.3891
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FAQ
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