Fuse Cobalt signs deal to potentially supply Electra Battery plant

Fuse Cobalt Inc. has signed an agreement to potentially supply raw cobalt to Electra Battery Materials Corp.

The two companies signed a non-binding memorandum of understanding that is the first step for Fuse to supply raw cobalt from its Teledyne and Glencore Bucke exploration projects in Cobalt, Ontario, to Electra’s nearby cobalt sulfate refinery in Temiskaming Shores, Ontario.

The two sides will exchange information in advance of a potential definitive agreement, where Electra would commit to purchase up to 2,000 tons of cobalt annually from Fuse.

Electra Chief Executive Officer Trent Mell said having a domestic source of ethically-produced, low-carbon emissions cobalt raw material would help address the demand for onshore battery materials for electric vehicles.



Rivian chooses Samsung SDI as its battery cell supplier for R1S, R1T


Iberdrola installs 3-MW/9-MWh battery at solar farm site in Spain

you may also like

comments have been closed





  1. 暂时没有相关的文章!

Back to top