Electra Battery Materials Corporation（ELBM）資訊與事件ELBMElectra Battery Materials Corporation

Electra Battery Signs Five-Year Partnership with WMC Group

Electra Battery Materials has signed a term sheet with WMC Group for a five-year working-capital and commercial partnership supporting its Canadian critical minerals refinery. The arrangement will finance cobalt feedstock purchases and corresponding battery grade cobalt sales, strengthening the efficiency of the refinery's operating cash cycle. The partnership provides logistics management, cobalt market expertise, marketing support and access to WMC's global commercial network as Electra transitions from construction and commissioning into operations. In connection with the partnership, WMC has also committed to making an investment in Electra upon execution of definitive agreements. The parties intend to negotiate definitive agreements based on the term sheet. Completion of the proposed arrangements remains subject to due diligence, negotiation and execution of definitive documentation, receipt of required regulatory and creditor approvals and satisfaction of other customary conditions. In addition to providing finance and logistics services for volumes up to the refinery's nameplate capacity, WMC will act as buyer and exclusive marketing agent for corresponding cobalt sulfate production. The partnership is intended to complement Electra's existing customer relationships, including its supply arrangement with LG Energy Solution. The term sheet is non-binding, other than with respect to certain provisions including confidentiality, exclusivity, costs, assignment, governing law and jurisdiction.

Electra Battery Materials Announces Preliminary Engineering Results for Nickel Refinery

Electra Battery Materials announced preliminary engineering results for the initial phase of a proposed two-phase nickel refinery to process mine-derived feedstock and recycled battery black mass into nickel metal and battery-grade nickel sulfate. The proposed facility would strengthen North American supply chains by supplying nickel for industrial, military and battery applications, helping reduce reliance on foreign processing. The preliminary engineering study evaluates the first-phase conversion of mine-derived feedstock into battery-grade nickel sulfate at a production capacity of approximately 20,000 tons per year of contained nickel. Preliminary process modelling indicates nickel and cobalt recoveries of 97% or higher, with recovered cobalt hydroxide providing a potential feedstock for Electra's cobalt refinery. The proposed facility would address a gap in North America's capacity to convert nickel feedstock into products for domestic customers. Its intended product flexibility would serve both battery manufacturers requiring battery-grade nickel sulfate and industrial and military customers requiring nickel metal, including for aerospace applications. The project is designed to establish capacity to process nickel intermediates that might otherwise be refined in China. By processing nickel closer to customers, the facility could help reduce exposure to geopolitical risk and strengthen the security and traceability of Western critical minerals supply chains. Electra is advancing the financing and commercial strategy for this project in parallel with engineering. The company continues to engage with governments on funding programs and with upstream and downstream partners on feedstock supply and offtake arrangements. These discussions are intended to align government support and private financing with the supply and customer commitments needed to develop competitive critical minerals processing capacity. The proposed refinery would use conventional hydrometallurgical processes to refine feedstock from existing mining operations, drawing on Electra's cobalt refining and battery recycling expertise. This approach would use available feedstock while creating a processing option for future domestic mine supply. The project relies primarily on established processing methods rather than the commercialization of new technology. Preliminary capital estimates for the first-phase nickel sulfate refinery range from approximately $530M to $675M across the feedstock configurations evaluated, based on annual production of approximately 20,000 tons of contained nickel. Nickel metal production and the second-phase recycling expansion will require separate capital estimates. A second phase could expand the facility to process battery black mass, with the potential to add an additional 20,000 tons per year of contained nickel capacity, along with cobalt, lithium and graphite byproducts. This expansion would build on Electra's black mass demonstration work to recover critical minerals using hydrometallurgical processes. Recent U.S. restrictions on black mass exports underscore the need to limit critical minerals exports to support investment in domestic processing capacity. Work completed to date includes preliminary process design, equipment sizing, site layout, infrastructure and logistics assessment, and capital and operating cost estimates. Further engineering is planned for nickel metal production to confirm product specifications, process scope and capital requirements.

Electra Battery Finalizes C$17.5M Agreement with Invest Ontario

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.