Electra Battery Materials Corp

Electra Battery Materials Corp. announced the appointment of Peter Rawlins as its new Chief Financial Officer, effective August 26, 2026. This leadership change coincides with strong financial performance, as the company reported a net income of $37,170 thousand and basic EPS of $0.36 for the six months ended June 30, 2026, a significant improvement from the prior year's loss. The company also made substantial progress on its Refinery project, approving a US$73,000 construction budget and securing a $20,000 investment agreement with the Government of Canada.

Electra Battery Materials announced the appointment of Peter Rawlins as its new Chief Financial Officer, effective August 26, 2026. Rawlins brings extensive experience in mining finance and capital markets, including leadership roles at CIBC and other junior mining companies. Interim CFO David Allen will transition to a part-time role, assisting with the completion of the Ontario critical minerals refinery. The company also reported its Q2 2026 financial results, highlighting C$36 million in cash and cash equivalents, continued progress on the refinery construction which remains on schedule and budget, and strengthened funding position.

Electra Battery Materials Corp welcomed a new temporary final rule from the U.S. Department of Commerce restricting the export of battery black mass. This rule, issued under the Defense Production Act, mandates that domestically produced black mass be sold within the U.S., aiming to keep critical minerals in the country. Electra views this policy as a crucial step to balance the U.S. battery recycling infrastructure and support its strategy to develop domestic refining capacity for nickel and recycled battery materials. The company is currently working on a potential battery-grade nickel refinery in the southeastern U.S. and plans to engage with policymakers on the rule.

Electra Battery Materials Corp announced an amendment to its Credit and Guaranty Agreement, providing the company with increased flexibility for its working capital and government financing initiatives. This amendment enhances Electra's capacity to incur permitted indebtedness and offers greater flexibility in granting liens and making payments to secure such debt. The changes are intended to support the company's ability to finalize related government funding arrangements, while all other terms of the original Credit Agreement remain unchanged.

Electra Battery Materials Corp provided a quarterly update on its capital markets activities and equity participation programs. During Q2 2026, the company generated approximately US$2.1 million in gross proceeds by issuing 3,009,295 common shares at a weighted average price of US$0.68 under its At-the-Market (ATM) program. Additionally, 26,256 common shares were purchased by employees through the Employee Share Purchase Program, and 91,954 deferred share units were granted to non-employee directors to further align interests with shareholders.

Electra Battery Materials provided a quarterly update on its capital markets programs. The company generated approximately US$2.1 million in gross proceeds by issuing 3,009,295 Common Shares under its at-the-market (ATM) equity program during the second quarter, at a weighted average price of US$0.68 per share. Additionally, employees purchased 26,256 Common Shares through the Employee Share Purchase Program, and 91,954 Deferred Share Units were granted to non-employee directors to further align interests with shareholders.

Electra Battery Materials Corp. announced that shareholders approved all items at its 2026 Annual General and Special Meeting. Key approvals include a potential reverse stock split at a ratio of one post-split share for every two to six pre-split shares, an amended and restated Long-Term Incentive Plan (LTIP) increasing award limits, and an Employee Share Purchase Plan (ESP Plan) with increased share reservations. Shareholders also elected seven directors and re-appointed MNP LLP as external auditors.

Electra Battery Materials Corp. announced the voting results from its 2026 annual general and special meeting, where shareholders approved all items of business. This included the election of seven director nominees, the appointment of MNP LLP as external auditors, and the approval of the 2022 amended and restated Long-Term Incentive Plan (LTIP) and the Employee Share Purchase Plan (ESP Plan), both with increased share limits. Most notably, shareholders approved a special resolution authorizing the Board to implement a potential reverse stock split at a ratio of one post-split share for every two to six pre-split shares, though the Board is not obligated to proceed.

Electra Battery Materials announced it has engaged engineering consultants to advance a development study for a potential battery-grade nickel refinery in the southeastern United States. The proposed refinery aims for a production capacity of approximately 15,000 tonnes per year of nickel sulfate and metal, and 1,000 tonnes per year of cobalt metal. This initiative addresses North America's reliance on offshore refining capacity for critical battery materials, building on Electra's expertise from its cobalt sulfate refinery, which is expected to commission in Q2 2027.

Electra Battery Materials Corp has engaged engineering consultants to advance a development study for a potential battery-grade nickel refinery in the southeastern United States. The proposed refinery aims for a production capacity of approximately 15,000 tonnes per year of nickel sulfate and metal, and 1,000 tonnes per year of cobalt metal, utilizing conventional hydrometallurgical refining. This initiative builds on Electra's expertise from its North American cobalt sulfate refinery, which remains the company's primary development priority and is expected to commence commissioning in Q2 2027. The project addresses a critical supply chain vulnerability and aligns with federal efforts to establish domestic refining capacity for battery materials.