Gold-Rich Cobalt-Copper Mineralization at CAS Property Strengthens Electra's Idaho Exploration Strategy

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[{"type":"text","content":"Gold-Rich Cobalt-Copper Mineralization at CAS Property Strengthens Electra’s Idaho Exploration Strategy\n\n\n\n TORONTO, Feb. 20, 2025 (GLOBE NEWSWIRE) --\n \n Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM)\n \n (“\n \n Electra\n \n ” or the “\n \n Company\n \n ”) is pleased to provide an update on its exploration efforts at the CAS Property in the Idaho Cobalt Belt, U.S.A. Recent and historical data from CAS highlight high-grade gold values over significant intervals and underscore the growing importance of the CAS Property to Electra’s Idaho exploration strategy.\n \n\n With gold trading near its all-time high and a strong long-term outlook, the presence of high-grade gold mineralization at CAS adds further strategic value to Electra’s Idaho holdings. Between 2003 and 2006, over 2,600m of drilling was conducted over on the CAS Property, identifying significant gold values. Copper-rich massive sulfide boulders were also discovered nearby, but despite previous exploration the bedrock source of this style of mineralization has not been found. The most notable highlights from previous drilling include:\n \n\n\n IC03-02 6.2m from 77.4m at 8.3 g/t Au and 0.51% Co\n \n\n IC03-03 1.5m from 72.8m at 8.5g/t Au and 0.54% Co\n \n\n IC03-04 4.6m from 128.0m at 8.3g/t Au and 0.34% Co\n \n\n IC03-07 3.0m from 41.1m at 9.2g/t Au and 0.08% Co\n \n\n\n \"Electra remains committed to securing a stable and sustainable supply of critical minerals needed to strengthen the resiliency of domestic supply chains,\" said Electra CEO, Trent Mell. \"Domestic sources of cobalt and copper are essential for America’s industrial and military security. The presence of high-grade gold alongside these critical minerals enhances the economic potential of our Idaho Cobalt Belt properties, providing optionality for future funding and development strategies. Adjacent to our Iron Creek deposit and Ruby property, mineralization on the CAS Property extends over several kilometers, much of which remains untested. This represents an exciting opportunity for Electra to expand its resource base in the U.S. and enhance the potential of our entire land package.\"\n \n\n Electra holds a significant land position in the Idaho Cobalt Belt, including the Iron Creek deposit and the highly prospective Ruby ...

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