Electra Battery Materials plans phased North America nickel refinery starting at 20,000 tonnes a year, FEL-1 shows capex US$530 million-US$675 million

• Electra outlined a phased plan for a North American nickel refinery, starting with mine feedstock conversion into battery-grade nickel sulfate.
• Initial engineering targets 20,000 tonnes a year of contained nickel output; modelling points to nickel, cobalt recoveries of at least 97%.
• Preliminary capex for the first-phase nickel sulfate plant set at USD 530 million to USD 675 million; nickel metal requires separate estimates.
• A second phase would add black mass recycling capacity, lifting contained nickel capacity by another 20,000 tonnes a year.
• Work now centers on financing, government funding talks, feedstock supply, offtake commitments, site selection in the southeastern US, permitting planning.

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: 202609160700PRIMZONECNPR____9827903) on September 16, 2026, and is solely responsible for the information contained therein.