Electra Battery Materials Corporation

$20,000,000.00 CAD

≈ $0.48 for every person in Canada ≈ 258 Canadians' average pay for a year

Department: Innovation, Science and Economic Development Canada
Program: Strategic Response Fund
Recipient country: Canada
Fiscal year: 2025-2026
Agreement period: March 31, 2026 – April 30, 2048
Reference: ic:033-2025-2026-Q4-820201

Published purpose

This project will support the construction and commissioning work related to the brownfield development of a cobalt sulfate refinery. The project’s work phase is scheduled to end on June 30, 2027.

In plain English AI-generated

Funding of $20 million to Electra Battery Materials Corporation to support construction and commissioning of a cobalt sulfate refinery in Canada, with work scheduled to end June 30, 2027.

Category: Other Primarily funds activity in Canada

Based on the published description. See how AI categorization works — the linked official record is authoritative.

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View official source record Imported August 3, 2026 from open.canada.ca Grants & Contributions