Electra Signs 5-Year Partnership with WMC to Finance Canadian Cobalt Refinery

Key Facts

1Electra Battery Materials signed a term sheet with WMC Group for a five-year working capital and commercial partnership.

2The arrangement will finance cobalt feedstock purchases and battery-grade cobalt sales to support the Canadian refinery.

Electra Battery Materials signed a term sheet with WMC Group for a five-year working capital and commercial partnership. Reuters reported that the arrangement will finance cobalt feedstock purchases and battery-grade cobalt sales to support the company's mineral refinery in Canada.

The partnership aims to finance the operating cash cycle by covering feedstock costs and managing the sale of finished battery-grade cobalt products. Shares of ELBM closed at $0.4758 on October 12, 2026, with a daily trading range between $0.465 and $0.4985.