Approved by the US Forestry Service, this permit would Electra to advance its exploration of critical mineral resources across the Iron Creek deposit, the Ruby project, as well as the neighboring CAS and Redcastle option agreement properties.
Trent Mell, Electra’s CEO, said the 10-year exploration permit offers the “necessary regulatory certainty and flexibility” to advance exploration at 91 designated drilling sites, and positions Electra as a potential key contributor to North America’s evolving battery supply chain.
Electra Battery Materials’ stock gained 1.4% to trade at C$0.71 apiece by 1:30 p.m. in Toronto, for a market capitalization of C$40.6 million.
Idaho’s cobalt belt
Electra’s Idaho properties consist of mining patents and exploration claims over an area of more than 73 km2. Within its property boundaries are as many as seven occurrences of mineralization exposed on surface or…
