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Electra to Discuss Partnership Opportunities at Indonesian Critical Minerals Summit
TORONTO, Aug. 30, 2024 (GLOBE NEWSWIRE) -- Electra Battery Materials Corporation (NASDAQ:ELBM, TSXV:ELBM) ("Electra" or the "Company") is pleased to announce its participation in Indonesia's first critical minerals conference, Fastmarket's International Critical Minerals and Metals Summit: Indonesia. The summit will bring together industry leaders, policymakers, and stakeholders to discuss Indonesia's role in the global energy transition. Electra's participation will underscore the opportunities to develop sustainable nickel and cobalt supply chains for the North American battery materials sector.
Electra CEO, Trent Mell, will sit on a panel titled "Examining Indonesia's Role in Building an IRA-Compliant Supply Chain." The conversation will delve into Indonesia's expanding role as a key source of nickel and cobalt and how to build an EV supply chain that meets the requirements of the U.S. Inflation Reduction Act. As electric vehicle market share continues to expand, Indonesia's strategic importance in the global supply chain is poised to grow significantly.
Electra's involvement in this conference is timely, following its recent announcement of a US$20M Department of Defense grant (August 19, 2024) aimed at advancing domestic cobalt refining capabilities. This grant marks a significant milestone in Electra's broader strategy to enhance the resilience of the North American battery minerals supply chain and diversify away from heavy reliance on Chinese processors.
Electra CEO, Trent Mell, will sit on a panel titled "Examining Indonesia's Role in Building an IRA-Compliant Supply Chain." The conversation will delve into Indonesia's expanding role as a key source of nickel and cobalt and how to build an EV supply chain that meets the requirements of the U.S. Inflation Reduction Act. As electric vehicle market share continues to expand, Indonesia's strategic importance in the global supply chain is poised to grow significantly.
Electra's involvement in this conference is timely, following its recent announcement of a US$20M Department of Defense grant (August 19, 2024) aimed at advancing domestic cobalt refining capabilities. This grant marks a significant milestone in Electra's broader strategy to enhance the resilience of the North American battery minerals supply chain and diversify away from heavy reliance on Chinese processors.
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