Electra is currently retrofitting its existing cobalt sulphate refinery in Temiskaming Shores, Ontario, to accommodate its proprietary hydrometallurgical process designed to treat black mass.

It will be one of the largest battery recycling facilities operating in North America.

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.

The two companies will initially invest $3.5 billion and create 2,200 jobs at the battery facility in southwestern Ohio.

If the answer to the energy crisis is a faster rollout of renewable alternatives to fossil fuels, then the problem is that the current situation is hindering the solution.

General Motors will invest up to $69 million and take an equity stake in Queensland Pacific Metals.

Fer et Titane plant in Sorel-Tracy to get upgrades that include electrifying furnaces and replacing coal in a push to cut the facility’s carbon emissions in half by 2030.

The new type of batteries can be 90+% charged in less than five minutes, and they withstand a wider range of temperatures with reduced fire risk.