Electra Battery Materials updates progress on cobalt sulfate refinery

Electra Battery Materials (ELBM) provided a construction progress update for its cobalt sulfate refinery project in Ontario. The project continues to advance beyond detailed engineering, with procurement and installation activities progressing in line with the company’s construction plan and budget. The refinery is expected to become North America’s only battery-grade cobalt sulfate production facility, with mechanical completion targeted for Q2 of 2027. Electra also completed a comprehensive tailings area testwork program. Purchase orders for key process systems have been awarded. Earlier this year, Electra approved a $73M construction budget and execution schedule designed to advance the refinery through mechanical completion in Q2 2027, with commissioning activities beginning in late 2026 and production ramp-up expected in 2027.