U.S. Military Invests $20M in Ontario Cobalt Refinery to Strengthen Supply Chains

Collitcomedia20 Aug, 2024News

The U.S. military has taken a significant step in its strategy to reduce reliance on China for critical minerals. On Tuesday, the Pentagon announced a $20 million grant to establish a cobalt refinery in northern Ontario, Canada. This initiative, which involves the Toronto-based Electra Battery Materials Corporation, is the largest U.S. investment in Canadian mining to date.