Grants and Contributions:

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Title:

820201

Agreement Number:

820201

Agreement Value:

$20,000,000.00

Agreement Date:

Mar 31, 2026 - Apr 30, 2048

Description:

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.

Organization:

Innovation, Science and Economic Development Canada

Expected Results:

This investment will result in the establishment of a cobalt sulfate refinery in Temiskaming Shores, Ontario which will provide battery-grade cobalt sulfate to domestic industries.

Location:

TORONTO, Ontario, CA M5H 2L3

Reference Number:

033-2025-2026-Q4-820201

Agreement Type:

Contribution

Report Type:

Grants and Contributions

Recipient Business Number:

810110510

Recipient Type:

For-profit organization

Recipient's Operating Name:

Electra Battery Materials Corporation

Recipient's Legal Name:

Electra Battery Materials Corporation

Federal Riding Name:

Spadina--Fort York

Federal Riding Number:

35101

Program:

SIF Stream 2 - Growth

Program Purpose:

Encourage R&D that will accelerate technology transfer and commercialization of innovative products, processes and services; Facilitate the growth and expansion of firms in Canada; Attract and retain large scale investments to Canada; and-Advance industrial research, development and technology demonstration through collaboration between academia, non-profit organizations and the private sector.

NAICS Code:

339990