Electra Battery Materials announced that it has finalized definitive agreements with Invest Ontario, an agency of the Government of Ontario, for C$17.5M in previously announced funding to support construction of its cobalt sulfate refinery in Temiskaming Shores, Ontario.

8/12 08:00

Electra Battery Appoints Peter Rawlins as CFO

Electra Battery Materials announced the appointment of Peter Rawlins as CFO, effective August 26. Rawlins succeeds David Allen, who returned from retirement in February to serve as interim CFO, having previously served as the company's CFO from 2023 to late 2024.

6/4 07:50

Electra Battery Awards C$12.4M Contract to Kilmarnock Enterprises

Electra Battery Materials announced the award of a structural, mechanical and piping construction package valued at approximately C$12.4M to Ontario-based Kilmarnock Enterprises as part of the ongoing construction activities at Electra's cobalt sulfate refinery complex north of Toronto.

5/13 07:50

Electra Battery Materials Awards C$25M Construction Contract

Electra Battery Materials has awarded a C$25M construction package to complete the solvent extraction building at its cobalt sulfate refinery complex north of Toronto. The contract was awarded to WB Melback Corporation, a locally based company specializing in industrial construction and maintenance. The package includes concrete and civil works, structural steel erection, piping installation, and electrical and instrumentation integration associated with the refinery's SX circuit. Electra has issued a limited notice to proceed to authorize early execution activities while the parties finalize a definitive construction agreement.

5/4 13:50

Electra Battery Signs C$20M Investment Agreement with Canadian Government

Electra Battery Materials executed a binding investment agreement with the Government of Canada under the Strategic Response Fund. The Investment provides for total federal funding of C$20M toward eligible project costs, to support the completion of construction and commissioning of North America's only battery-grade cobalt sulfate refinery, located in Temiskaming Shores, Ontario. The Company expects to require roughly 150 to 200 workers during construction and ramp-up, including direct employment and contractor opportunities, and sustain approximately 60 permanent jobs during operations, as well as an additional 100+ indirect employment opportunities in the region, supporting long-term employment in Northern Ontario. Electra is prioritizing local sourcing and partnerships with Canadian contractors, helping to drive economic activity and strengthen the domestic battery materials supply chain. Mechanical completion of the facility is scheduled for Q2 2027. Once commissioned, the refinery will have an initial annual production capacity of approximately 5,120 tonnes of battery grade cobalt in 2027, increasing to 6,500 tonnes. At full capacity, the facility will represent a significant global source of refined cobalt, a critical input for defense systems, consumer electronics and advanced energy storage technologies. A majority of production will be sold to LG Energy Solution under an offtake arrangement announced earlier this year.

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