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Electra awards C$7.8M contracts to advance cobalt sulfate refinery construction in Ontario

Company Fundamentals
09 Apr 2026
GlobeNewsWire
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Bullish
pluang ai news

Electra Battery Materials Corporation has awarded C$7.8 million in construction contracts for key infrastructure at its cobalt sulfate refinery in Ontario. The contracts cover structural, mechanical, and piping work for the crystallizer circuit and the construction of a silo building for product storage and packaging. This step advances the refinery’s development, supporting Electra’s strategy to build North America’s only cobalt sulfate refinery and strengthen local critical minerals supply chains. The company also raised US$4.75 million through its at-the-market equity program to fund ongoing projects.

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