• Electra Battery Materials Corporation published its MD&A for fiscal 2025, centering on restarting full-scale construction of its Ontario hydrometallurgical refinery intended to produce battery-grade cobalt sulfate.
• Commissioning is expected to start in Q4 2026, with mechanical completion targeted for Q2 2027; commercial production is anticipated in Q4 2027 under a US$ 73 million construction budget.
• The refinery is slated to begin at 5,100 tonnes per year of battery-grade cobalt sulfate, sourced from cobalt hydroxide from certified mining operations in the Democratic Republic of Congo; Electra targets a later increase to 6,500 tonnes per year via a permit amendment and circuit expansion.
• Balance-sheet actions in 2025 featured a US$ 34.5 million equity financing and a restructuring that replaced the 2028 Notes and 2027 Notes with an October 2025 Term Loan, carrying interest of 8.99% in cash or 11.125% in kind, at Electra’s election, and maturing Oct. 22, 2028.
• Commercial planning highlighted a supply agreement with LG Energy Solution to supply battery-grade cobalt sulfate once the refinery reaches commercial production.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Electra Battery Materials Corporation published the original content used to generate this news brief on May 21, 2026, and is solely responsible for the information contained therein.