Electra Battery Materials Corp
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in mil. unless spec.Company Description
- CEO
- Trent C. A. Mell
- Full Time Employees
- 24
- Sector
- Non-energy minerals
- Industry
- Other metals/Minerals
- Address
- 133 Richmond Street West, Suite 602 Toronto ON Canada M5H 2L3
- IPO Date
- Mar 1, 2017
- Website
- electrabmc.com
- Similar Companies
- Business
- Electra Battery Materials Corporation specializes in producing and recycling essential battery materials for the electric vehicle (EV) supply chain in North America. The company manufactures battery-grade cobalt sulfate and nickel sulfate using hydrometallurgical refining processes and operates a large-scale lithium-ion battery recycling facility that recovers lithium, nickel, cobalt, and graphite from end-of-life batteries. Electra leverages its own mining assets and partners to develop a fully integrated, localized, and environmentally sustainable battery materials park, aimed at supplying raw materials for EV manufacturers in North America and globally. The company also advances geological modeling and feedstock integration at its Iron Creek cobalt-copper project in Idaho and holds a 10-year drilling permit for exploration activities. Electra's refinery is designed to produce 6,500 tonnes of battery-grade cobalt sulfate annually, supporting the production of batteries for approximately one million electric vehicles. Founded in 2017 and headquartered in Toronto, Ontario, Electra is focused on building North America's first cobalt sulfate refinery and expanding its nickel sulfate production and battery recycling capabilities. Recent major developments include securing over US$80 million in combined funding from government sources and private investors to fully finance the cobalt sulfate refinery construction, which resumed in late 2025 and targets commissioning in 2027. The company reduced its debt substantially from US$67 million to US$27 million through a major financing and debt restructuring completed in 2025. Electra also formed strategic partnerships, including an offtake agreement with LG Energy Solution for cobalt sulfate supply and feedstock agreements with Glencore and ERG. Additionally, it established a joint venture with the Three Fires Group to advance battery recycling through its Aki Battery Recycling facility. Electra operates within the battery materials industry, focusing on refinery, exploration, and recycling segments. It serves the rapidly growing North American electric vehicle market, providing a sustainable and low-carbon domestic supply chain for critical minerals. The company's integrated approach covers mining, refining, recycling, and precursor material production for lithium-ion batteries, enabling enhanced supply chain security and reduced dependency on foreign sources. Electra is positioning itself as a strategic player in the North American EV battery materials space through innovation, extensive permitting, and operational advancements in cobalt and nickel sulfate production as well as lithium-ion battery recycling.
Company News
Electra Signs Term Sheet for Strategic Partnership with Global Commodities Trader WMC
Electra Appoints General Manager to Lead Cobalt Refinery Commissioning and Operations
Electra Reports Quarterly Update on Capital Markets Activity
Electra Battery Materials Corporation (ELBM) Upgraded to Buy: Here's Why
Electra Advances Phased Nickel Refining and Battery Recycling Strategy for North America
Electra Receives Extension from NASDAQ to Resolve Minimum Price Requirement
Electra to Showcase Growing North American Critical Minerals Platform at September Investor and Industry Conferences
Electra Strengthens Commercial Team with Appointment of Veteran Cobalt and Nickel Trader Douglas Geniti
Electra and Ontario Advance North America's Critical Minerals Future with $17.5 Million Funding Agreement
Electra Secures 100% of Cobalt Feedstock Required for Refinery Commissioning and Ramp-Up
Electra Advances Concrete, Structural Steel and Equipment Installation at North American Cobalt Sulfate Refinery
Electra Appoints Peter Rawlins as Chief Financial Officer; Reports Second Quarter 2026 Results
Electra Welcomes U.S. Black Mass Export Rule and Highlights Need for U.S. Refining Capacity
Electra Battery Materials Announces Amendment to Senior Secured Credit Facility
Electra Battery Materials Announces Amendment to Senior Secured Credit Facility
Electra Provides Quarterly Update on Capital Markets Activity and Equity Participation Programs
Electra Announces Voting Results from 2026 Annual Meeting of Shareholders
Electra Advances Engineering Study for Battery-Grade Nickel Refinery in the United States
Electra Awards Structural, Mechanical & Piping Contract
Electra Reports Q1 2026 Progress as Refinery Construction Accelerates