Electra Cobalt Sulfate Refinery Construction Restart

under construction

Electra Battery Materials Corp. has resumed construction at its cobalt sulfate refinery in Temiskaming Shores, Ontario, following the arrangement of approximately $82 million in project financing. The project involves completing North America's first cobalt sulfate refinery with permits and infrastructure in place, major equipment onsite, and a fully funded capital program. Full-scale construction is expected to begin in early 2026, with construction management support provided by EXP. The refinery will produce 6,500 tons of battery-grade cobalt sulfate per year, supplying critical input for lithium-ion battery manufacturing.