Electra stock rises on securing 10-year permit for Idaho copper and cobalt exploration

seekingalpha11-19 21:01

MF3d/E+ via Getty Images Electra Battery Materials (NASDAQ:ELBM) secured a 10-year exploration permit for its Idaho copper and cobalt properties, including its Iron Creek project, it said on Tuesday,...

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The permit significantly reduces administrative requirements compared to annual permits, the company said.  Approved by the U.S. Forestry Service, this permit also enables Electra  to advance its exploration of critical mineral resources essential to the U.S. economy across the Iron Creek Deposit, the Ruby Project, as well as the neighboring CAS and Redcastle option agreement properties. \"This permit provides us 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,\" Trent Mell, Electra CEO said. ELBM +2.02% premarket to $0.51. Source: Press Release","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"ELBM":"Electra Battery Materials Corp","BK4168":"多种金属与采矿"},"translate_title":"Electra股价因获得爱达荷州铜钴勘探10年许可证而上涨","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ELBM":0.9},"content_text":"MF3d/E+ via Getty Images  Electra Battery Materials (NASDAQ:ELBM) secured a 10-year exploration permit for its Idaho copper and cobalt properties, including its Iron Creek project, it said on Tuesday, sending shares up in premarket trade. The permit significantly reduces administrative requirements compared to annual permits, the company said.  Approved by the U.S. Forestry Service, this permit also enables Electra (ELBM) to advance its exploration of critical mineral resources essential to the U.S. economy across the Iron Creek Deposit, the Ruby Project, as well as the neighboring CAS and Redcastle option agreement properties. \"This permit provides us 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,\" Trent Mell, Electra CEO said. ELBM +2.02% premarket to $0.51. 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