Electra extends Glencore cobalt hydroxide supply deal through 2031

• Electra extended its cobalt hydroxide feed purchase agreement with Glencore through Dec. 31, 2031.
• Deal secures 100% of feedstock needed to commission and ramp up its Ontario cobalt sulfate refinery through 2027.
• Extension covers about 10,000 metric tonnes of contained cobalt over five years, valued at over USD 500 million at current prices.
• Refinery targets mechanical completion in 2027; designed for 5,120 tonnes a year of contained cobalt, with crystallizer nameplate capacity up to 6,500.
• LG Energy Solution term sheet includes a firm commitment for about 60% of planned cobalt sulfate output through 2029, with an option to extend to 2032.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Electra Battery Materials Corporation published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202608200700PRIMZONEFULLFEED9813294) on August 20, 2026, and is solely responsible for the information contained therein.