Electra Battery secures 10-year copper-cobalt exploration permit in Idaho
The permit would allow Electra to advance exploration across its Iron Creek deposit, the Ruby project, as well as the neighboring CAS and Redcastle option properties.
Teck can acquire up to a 70% interest in the project by spending C$15.7 million on the project and making staged cash payments totalling C$1.6 million.
Europe could recycle enough battery materials to supply two million EVs in 2030, but energy costs and a lack of financial support mean it is unlikely to do so.