Electra Battery Materials Corporation announced preliminary engineering results for a proposed two-phase nickel refinery in North America. The first phase targets an annual production capacity of approximately 20,000 tonnes of contained nickel from mine-derived feedstock and recycled battery black mass, with estimated capital costs ranging from US$530 million to US$675 million. Preliminary modeling indicates nickel and cobalt recoveries of 97% or higher. The company is currently engaging with governments for funding programs and partners for feedstock supply and offtake arrangements, while maintaining its immediate priority on the completion of its Ontario cobalt sulfate refinery. Electra Battery Materials Corporation operates in the critical minerals processing industry, focusing on refining battery materials such as cobalt and nickel to support North American supply chains.

Electra Battery Materials Corporation received notice from Nasdaq granting an additional 180-calendar-day compliance period until March 15, 2027, to regain adherence to the $1.00 minimum bid price requirement for continued listing on The Nasdaq Capital Market. This extension allows the company time to restore its share price above the threshold or, if necessary, effect a reverse stock split. The filing confirms that trading and operations remain unaffected by this administrative update. Electra Battery Materials Corporation operates in the critical minerals sector, focusing on constructing North America's only cobalt sulfate refinery and advancing lithium-ion battery supply chain initiatives.

Electra Battery Materials Corporation finalized definitive agreements with Invest Ontario for C$17.5 million in funding to support construction of its cobalt sulfate refinery in Temiskaming Shores, Ontario. Construction activities including structural steel erection and equipment installation are underway, with select commissioning targeted for Q4 2026, mechanical completion in Q2 2027, full production ramp-up in Q3 2027, and commercial production in Q4 2027. The company secured 100% of required cobalt feedstock through 2027 via an extended supply agreement with Glencore for approximately 10,000 tonnes of contained cobalt over five years. Additionally, Electra announced the issuance of 500,000 incentive stock options to key employees under its Long-Term Incentive Plan, subject to TSX Venture Exchange approval. The fully permitted brownfield facility is designed to initially produce 5,120 tonnes annually of contained cobalt, aiming to establish North America's first battery-grade cobalt sulfate refinery.

Electra Battery Materials Corp extended its cobalt hydroxide feed purchase agreement with Glencore AG through December 31, 2031. This five-year extension secures 100% of the feedstock required for the commissioning and ramp-up of Electra’s Ontario cobalt sulfate refinery through 2027. The deal provides approximately 10,000 metric tonnes of contained cobalt over five years, representing over US$500 million at current market prices. This supply foundation supports the facility's anticipated mechanical completion in 2027 and full production ramp-up. The agreement complements a March 2026 binding term sheet with LG Energy Solution for long-term off-take of battery-grade cobalt sulfate. Electra Battery Materials Corp operates in the critical minerals sector, constructing North America’s only cobalt sulfate refinery to process raw materials into battery-grade products.