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Electra Battery Materials Launches Battery Materials Recycling Demonstration Plant at its Ontario Refinery Complex
TORONTO / Dec 22, 2022 / Business Wire / Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra”) today announced the launch of a demonstra
About this update from Electra Battery Materials Corp
[{"type":"text","content":"TORONTO / Dec 22, 2022 / Business Wire / Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra”) today announced the launch of a demonstration plant designed to recover and recycle high-value elements found in lithium-ion batteries, including nickel, cobalt, lithium, copper, and graphite at its refinery complex north of Toronto. “The launch of our black mass recycling demonstration plant caps a year filled with a number of significant achievements for Electra,” said Trent Mell, Electra’s CEO. “With the outlook for electric vehicle adoption in North America becoming increasingly bullish as a result of the recent passage of the U.S. Inflation Reduction Act and the considerable investments made by automotive companies to electrify their fleet, the need for a domestic supply of battery-grade materials supply whether through primary refining or recycling processes becomes critical.” Mr. Mell added, “Pending completion of the demonstration plant and a review of project economics, success would pave the way towards commercialization and the buildout of a 5,000 tonne per annum black mass processing facility within our battery materials park in Ontario using existing infrastructure, personnel, and lab facility. Combined with our planned production of cobalt, nickel, and manganese sulfates, commercialization of our black mass recycling capabilities will diversify our cash flow and customer base.” “Consistent with our timelines, our project team has done an excellent job in preparing what will be the first of its kind facility in North America to recover critical metals contained in end-of-life electric vehicle and other lithium-ion batteries,” said Mark Trevisiol, Electra’s Vice President of Project Development. “The launch of the black mass demonstration plant is indicative of Electra’s metallurgical expertise and potential of our refinery complex to address North America’s requirement for battery-grade materials.” Electra will process up to 75 tonnes of black mass material in a batch mode using its proprietary hydrometallurgical process in the demonstration plant. Electra expects to complete the demonstration plant in Q1 2023 and will provide regular updates. Pending the successful completion of the demonstration plant, Electra will assess whether to continue processing black mass throughout 2023 with material supp...