Electra Approves Construction Budget and Sets Schedule for Completion of its North American Cobalt Sulfate Refinery
Electra Battery Materials Corporation (ELBM)
Company Research
Source: GlobeNewswire
(All amounts in US$ unless otherwise stated) TORONTO, Feb. 23, 2026 (GLOBE NEWSWIRE) -- Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra” or the “Company”) today announced that its Board of Directors has approved a $73 million construction budget and established an execution schedule to achieve mechanical completion of its cobalt sulfate Refinery north of Toronto, marking a significant step toward bringing North America’s first battery-grade cobalt refinery into operation. Commissioning activities are expected to commence in the fourth quarter of 2026. Mechanical completion is targeted for the second quarter of 2027. Production ramp-up is expected to start during the third quarter of 2027. Achievement of Commercial Production is targeted for the fourth quarter of 2027. The project schedule establishes a clear pathway from construction execution in 2026 to commercial operations in 2027. “Our mandate is clear. We are advancing this Refinery to completion
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News
- Electra Battery Materials Approves Construction Budget and Sets Schedule for Completion of its North American Cobalt Sulfate Refinery; U.S.-Listed Shares Down Pre-Market [Yahoo! Finance]Yahoo! Finance
- Electra Battery Materials Upsizing At-The-Market Offering; Down 1.8% After Hours [Yahoo! Finance]Yahoo! Finance
- Electra Upsizes At-The-Market OfferingGlobeNewswire
- Polymetallic Explorers Gain Ground as Copper Deficit Reshapes Discovery Premiums [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Electra to Participate in Industry Conferences Focused on Critical Minerals Supply SecurityGlobeNewswire
ELBM
Sec Filings
- 2/23/26 - Form 6-K
- 2/20/26 - Form 6-K
- 2/20/26 - Form 424B5
- ELBM's page on the SEC website