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Electra Battery Materials Corporation says its Temiskaming Shores cobalt sulfate refinery remains within its US$73 million budget as construction advances and workforce reaches 130 people, but FRP piping fabrication and installation have created some schedule pressure.
Electra signed a five-year working-capital and commercial partnership term sheet with WMC Group AG to finance cobalt feedstock purchases, support cobalt sulfate sales, provide logistics and marketing, and invest upon execution of definitive agreements.
Electra Battery Materials Corporation appointed Garzon Duenas as General Manager and Commissioning Leader, effective Oct. 05, 2026, to lead its Ontario cobalt sulfate refinery through commissioning and into commercial operations.
Electra generated approximately US$92,000 through the issuance of 150,003 Common Shares under its ATM during the quarter ended September 30, 2026, and granted 112,676 deferred share units on September 30, 2026.
