Canadian government backs international moratorium on deep sea mining
Federal fisheries minister said the decision to back the moratorium was due to a lack of a strong regulatory regime and a poor understanding of the comprehensive impacts.
Electra is currently retrofitting its existing cobalt sulphate refinery in Temiskaming Shores, Ontario, to accommodate its proprietary hydrometallurgical process designed to treat black mass.
Investors piled into The Metals Company on Wednesday after it said it completed its first collection run of battery metals from more than four kilometres below the surface of the Pacific ocean.