ERG earmarks $1B for Kazakhstan operations
Eurasian Resources Group (ERG) plans to invest more than $1 billion in its mining and metallurgical assets in Kazakhstan, the largest investment in ERG’s projects in the Central Asian country…
Electra Battery Materials
Electra restarts construction at Ont. cobalt refinery
Electra Battery Materials (TSX-V, Nasdaq: ELBM) said it’s resumed construction at its Ontario cobalt sulfate refinery after securing about $82 million (C$115 million) in project financing. The stock soared. Work…
Electra ‘fully funded’ to build Ontario cobalt refinery
Electra Battery Materials (Nasdaq, TSXV: ELBM) says it’s now fully funded to complete the construction and commissioning of what would be the first cobalt sulphate refinery in North America. The…
Government equity in miners becomes U.S. norm
The Trump administration is ratcheting up government ownership in mining companies that are nominally Canadian, raising questions about whether Ottawa plans similar investments. Trump has ordered his Department of War…
Electra seeks cash for stalled cobalt refinery
Electra Battery Materials (Nasdaq, TSXV: ELBM) says it is restructuring its finances to complete what may be North America’s first cobalt sulphate refinery. The battery metals developer said Thursday it…
Funding propels Fortune closer to NWT bismuth decision
Cross-border government aid is helping Canada’s Fortune Minerals (TSX: FT) approach a construction decision next year on its main Nico cobalt-gold-bismuth-copper deposit in the Northwest Territories. Fortune secured grants last…
Poilievre vows 6-month Ring of Fire OK
Canadian opposition leader Pierre Poilievre says he would give federal approval for the contentious Ring of Fire development in northern Ontario within months if he takes power after an imminent…
DRC export ban fails to rocket cobalt
The cobalt market was mixed this week after the Democratic Republic of Congo, the world’s top producer, banned exports for four months to spur the battery metal’s price from historical…
Electra Battery lands US$5M for cobalt refinery early works
Electra Battery Materials (NASDAQ: ELBM; TSXV: ELBM) has secured a US$5-million financing from its existing lenders that would allow it to start certain early works and winter preparations at its…
Electra teams with Ontario First Nations investment firm on battery recycling
Electra Battery Materials (NASDAQ: ELBM; TSXV: ELBM) has launched the Aki Battery Recycling joint venture with Indigenous economic development firm Three Fires Group to find critical minerals in scrap. The…
Electra shares up on US$20M funding bid for Ontario cobalt refinery
Electra Battery Materials (NASDAQ: ELBM; TSXV: ELBM) said on Tuesday it has received a US$20 million investment proposal from an unnamed arm’s-length party, matching the funding amount it recently secured…
Electra surges on US$20M Washington funding for Ontario cobalt refinery
Electra Battery Materials’ (TSX-V: ELBM; NASDAQ: ELBM) shares jumped 40% Monday on news it received US$20 million from the United States’ Department of Defense (DoD) to help develop its cobalt…