Phased Market Entry Strategy
Electra’s phased approach to market entry allows us to grow in line with demand from the evolving electric vehicle market, while minimizing risk and optimizing our capital deployment.
Electra’s Flagship Asset
The first of its kind – Existing refinery, infrastructure and permits
Electra’s hydrometallurgical facility is the only facility of its kind in North America. It will supply the electric vehicle market with cobalt sulfate, and has an operating history of previously producing cobalt carbonate and nickel carbonate.
Located in Ontario, Canada, near the largest auto manufacturing centres in North America, Electra’s products are produced locally. Our site is approximately 350 miles (600 kilometres) from the U.S. border and is accessible by road or rail. In addition to the renewable and affordable hydroelectricity that powers our site, Electra will produce the world’s lowest carbon solution for zero-emission vehicles.
At full capacity, Electra’s Ontario Refinery could produce enough cobalt sulfate to supply more than 1 million electric vehicles per year.
Lower Carbon Footprint
51%
lower CO2 emissions
73%
lower water consumption
30%
lower eutrophication potential
48%
lower global warming potential
Project Highlights
- Hydrometallurgical facility with an operating history, and only facility of its kind in North America to supply the electric vehicle market with cobalt sulfate
- Located in Ontario, Canada; a location with exceptional infrastructure and labour force in place
- Technically derisked with successful flowsheet testing and proven construction engineering and technology solutions
- Modular design to grow with the EV market
- Fully permitted site and well-equipped for expansion
- 51% lower GHGs than Chinese peers, in part owing to hydroelectric power grid
