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Electra Battery Materials Corporation filings document the regulatory record of a foreign private issuer developing a critical minerals refining business. Form 6-K reports include press releases and exhibits covering the Ontario cobalt sulfate refinery, construction contracts, government investment support, cobalt supply arrangements, project budgets, and updates on the company’s at-the-market common-share program.
The filing record also includes annual consolidated financial statements prepared under IFRS, management discussion and analysis, officer certifications, incorporation-by-reference materials for a Form F-3 registration statement, legal opinions for share issuances, and meeting-date notices for common shareholders. These documents describe Electra’s operating results, capital structure, financing activity, governance processes, and refinery-project execution risks.
Electra Battery Materials Corp (ELBM) reported that it has finalized definitive agreements with Invest Ontario, an agency of the Government of Ontario, for C$17.5 million in previously announced funding to support construction of its cobalt sulfate refinery in Temiskaming Shores, Ontario. The facility is intended to be North America’s first refinery producing battery-grade cobalt sulfate.
The company states that construction is advancing, with commissioning activities targeted to begin in the fourth quarter of 2026, mechanical completion in the second quarter of 2027, full commissioning and ramp-up in the third quarter of 2027, and commercial production in the fourth quarter of 2027. Electra has secured 100% of cobalt feedstock required for commissioning and ramp-up through an extended supply agreement with Glencore, providing approximately 10,000 tonnes of contained cobalt over five years and extending Glencore’s role as a supplier through 2031. The fully permitted brownfield refinery is designed to initially produce 5,120 tonnes annually of contained cobalt, with crystallizer nameplate capacity of up to 6,500 tonnes annually.
Electra also plans to issue 500,000 incentive stock options under its Long-Term Incentive Plan, vesting in three equal tranches over three years, subject to TSX Venture Exchange approval.
Electra Battery Materials Corp (ELBM) reports that it has extended its cobalt hydroxide feed purchase agreement with Glencore AG through December 31, 2031, securing 100% of the cobalt feedstock needed to commission and ramp up its Ontario cobalt sulfate refinery through 2027. The five-year extension provides for approximately 10,000 metric tonnes of contained cobalt over five years, representing over US$500 million of contained cobalt at current market prices, and establishes Glencore as a significant long-term supplier.
The refinery is designed to initially produce 5,120 tonnes per annum of contained cobalt, with crystallizer nameplate capacity of up to 6,500 tonnes per annum, and Electra is advancing toward mechanical completion targeted for 2027. A binding term sheet with LG Energy Solution includes a firm commitment for approximately 60% of planned cobalt sulfate production through 2029, with an option to extend to 2032, creating an integrated pathway from cobalt feedstock to committed battery-grade offtake.
Electra Battery Materials Corporation reported continued progress on constructing its cobalt sulfate refinery in Temiskaming Shores, Ontario, a fully permitted brownfield facility supported by the governments of the United States, Canada and Ontario. Major construction packages are underway, with definitive agreements finalized with WB Melback Corporation for approximately C$26 million and Pro Pipe Construction Ltd. for approximately C$6.8 million, covering key work across the solvent extraction and crystallizer circuits. Engineering is described as substantially complete, supporting field execution, equipment fabrication and procurement.
Work includes structural steel erection, concrete placement, process equipment setting, piping preparation and selective removal of legacy infrastructure in the existing refinery. Site mobilization is complete for key contractors, and project oversight and safety resources have been expanded. Electra targets select commissioning activities in the fourth quarter of 2026, mechanical completion in the second quarter of 2027, full commissioning and production ramp-up in the third quarter of 2027, and commercial production in the fourth quarter of 2027.
Whitebox Advisors LLC and Whitebox General Partner LLC report beneficial ownership of Electra Battery Materials Corp common shares. As of June 30, 2026, they are deemed to beneficially own 10,825,279 Common Shares, representing 9.9% of the class. This position reflects WA clients’ holdings of 6,892,107 Common Shares and warrants that are subject to a 9.9% Beneficial Ownership Limitation blocker. An additional 46,875,293 Common Shares obtainable upon warrant exercise are excluded from beneficial ownership because of this blocker. Voting and dispositive power over the 10,825,279 shares is shared, with no sole power reported.
Electra Battery Materials Corporation reported net income of $9,028 for Q2 2026 and $37,170 for the first half of 2026, reversing prior-year losses mainly due to a $48,541 non‑cash gain from changes in the fair value of US warrants. Core operations still generated an operating loss of $7,864 for the six months.
Total assets were $196,256 at June 30, 2026, including cash and cash equivalents of $35,872. Shareholders’ equity increased to $97,300 from $46,250 at year‑end, supported by warrant fair‑value movements and equity issuance, while total liabilities declined to $98,956, including a $41,302 term loan and $33,117 of US warrant liabilities.
The company is advancing its Ontario cobalt sulfate refinery under a Board‑approved construction budget of US$73 million, targeting early commissioning in Q4 2026 and commercial production in Q4 2027. Management cites substantial doubt about the company’s ability to continue as a going concern due to recurring operating losses, negative operating cash flows and dependence on additional financing, despite having secured about US$82,000 of aggregate governmental and equity support. Electra also faces a Nasdaq minimum bid‑price deficiency with a compliance deadline of September 14, 2026.
Electra Battery Materials Corporation reports that the U.S. Department of Commerce’s Bureau of Industry and Security issued a temporary final rule under Section 101 of the Defense Production Act restricting exports of domestically produced battery black mass. The rule requires U.S.-generated black mass to be sold to U.S. buyers and remain in the country unless BIS grants an adjustment or exception, and is scheduled to remain in effect for one year.
Electra states that this policy directly aligns with its strategy to develop U.S. refining capacity for nickel and recycled battery materials, potentially improving access to domestic black mass feedstock for its proposed battery-grade nickel refinery in the southeastern United States. The company has demonstrated hydrometallurgical recovery of critical minerals from black mass at its refinery complex north of Toronto and plans to process mixed hydroxide precipitate, mixed sulfide precipitate and, over time, increasing U.S. recycling volumes. Electra intends to participate in the rule’s 90-day public comment process and continues to advance its North American critical minerals platform, including its cobalt sulfate refinery project in Ontario and its Idaho Cobalt Belt properties.
Electra Battery Materials Corporation entered into a first amendment to its senior secured Credit and Guaranty Agreement dated October 22, 2025. The amendment is intended to provide additional flexibility for working capital and government financing initiatives, supporting the company’s ability to finalize related government funding arrangements.
The amendment increases the company’s capacity to incur certain permitted indebtedness and allows liens and payments securing a portion of such government-related debt on a pari passu basis with existing secured lenders, under a defined pari passu arrangement. It also defines “Permitted Working Capital Obligations” as asset-backed working capital facilities with an aggregate original principal amount not to exceed $45,000,000, subject to documentation acceptable to the requisite lenders. All existing guarantees, security and other obligations under the Credit Agreement are reaffirmed and otherwise unchanged.
A related First Lien Intercreditor Agreement sets priority rules among Credit Agreement Obligations, Royalty Agreement Obligations and Ontario IO Loan Obligations, including Principal Caps of US$50,000,000 for Credit Agreement Obligations, US$12,500,000 for Royalty Agreement Obligations and CA$22,000,000 for IO Obligations, and allocates how collateral proceeds are shared and applied, including in insolvency or DIP financing scenarios.
Electra Battery Materials Corporation reported quarterly activity in its capital markets programs, highlighting employee and director equity participation and use of its at-the-market equity facility. During the second quarter, employees purchased 26,256 common shares through the Employee Share Purchase Program, matched by 26,256 shares acquired by the Company under the plan.
The Company also granted 91,954 deferred share units to non-employee directors based on the June 30 market price, to be settled in common shares when directors leave the Board. Under its US$25 million at-the-market program, Electra issued 3,009,295 common shares on Nasdaq at a weighted average price of US$0.68, raising approximately US$2.1 million in gross proceeds and paying about US$70,000 in commissions.
Electra Battery Materials Corporation reported voting results from its June 23, 2026 annual and special shareholder meeting. Holders of 48,202,558 common shares, representing 46.47% of issued shares, were represented. Shareholders elected seven directors and reappointed MNP LLP as auditor with 98.66% of votes for.
Shareholders approved the 2022 Amended and Restated LTIP, an Employee Share Purchase Plan, and ratified grants of 1,600,000 options, 190,459 deferred share units, and 174,000 restricted share units. They also approved a special resolution authorizing, but not requiring, a reverse split of common shares at a ratio between 1-for-2 and 1-for-6, which the board may implement at its discretion.
Electra Battery Materials Corporation has launched an engineering study for a potential battery-grade nickel refinery in the southeastern United States. The work will assess technical requirements, capital needs and development options for a domestic refining operation.
The proposed refinery is being evaluated for about 15,000 tonnes per year of nickel sulfate and metal plus 1,000 tonnes per year of cobalt metal, using conventional hydrometallurgical technologies and experience from Electra’s cobalt sulfate refinery project. Findings will guide future decisions on whether to advance the project and under what conditions.
Electra reiterates that its cobalt sulfate refinery in North America remains the primary development priority and is expected to begin commissioning in Q2 2027. The company frames nickel refining, use of globally sourced MHP and MSP feedstocks, and black mass recycling as part of a broader strategy to onshore critical battery materials supply chains.