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  • September 14, 2022
  • Industry News
Temiskaming cobalt, nickel refinery will be an $800M venture

Facility will produce enough battery-grade material to support manufacturing of 250,000 electric cars a year

The price tag to build a Temiskaming battery materials industrial park will be in the neighbourhood of $720 million to $850 million.

Electra Battery Materials announced the results of a scoping study this week that crunched the economic numbers of the proposed development situated between the town of Cobalt and Temiskaming Shores. The property hosts the former Yukon refinery, which is being upgraded and expanded.

The Toronto company is constructing a cobalt refinery, the first part of a hugely ambitious four-phase industrial development on the 600-acre property. Electra wants to serve the North American electric vehicle (EV) market with battery-grade material.

Read the entire article from Northern Ontario Business

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