Electra awards $6.1M contract for refinery build

Electra Battery Materials Corporation has awarded a US$6.1 million (C$8.3 million) contract to EXP Services Inc. for engineering, project management, and construction management support at its Ontario battery materials refinery project.

Rhea-AI Filing Summary

Electra Battery Materials Corporation has awarded a US$6.1 million (C$8.3 million) contract to EXP Services Inc. for engineering, project management, and construction management support at its Ontario battery materials refinery project. The refinery is in the final phase of construction, with key civil, mechanical, and structural work already completed.

Electra is targeting mechanical completion of the cobalt sulfate refinery in H1 2027, followed by commissioning and production. Once fully operational, the facility is expected to produce 5,100 tonnes of cobalt annually in battery-grade cobalt sulfate, with a planned expansion to 6,500 tonnes per year.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Electra Battery Materials (ELBM) announce in this Form 6-K?

Electra Battery Materials announced a US$6.1 million (C$8.3 million) contract with EXP Services Inc. for engineering and project management at its Ontario refinery. The work supports the final construction phase of its cobalt sulfate refinery project.

Who is EXP Services in Electra Battery Materials’ US$6.1 million contract?

EXP Services Inc. was selected to provide engineering, project management, and construction management services for Electra’s Ontario battery materials refinery. Their role is to support safe, timely execution as the project moves through the final phase of refinery development.

What is the timeline for Electra Battery Materials’ cobalt refinery?

Electra is targeting mechanical completion of its cobalt sulfate refinery in H1 2027, with commissioning and production expected in the following months. Key civil, mechanical, and structural elements of the facility are already in place as construction progresses.

How much cobalt is Electra Battery Materials’ refinery expected to produce?

Once fully operational, Electra’s Ontario refinery is expected to produce 5,100 tonnes of cobalt annually in battery-grade cobalt sulfate. A subsequent expansion is planned to increase capacity to 6,500 tonnes of contained cobalt in sulfate per year.

Where is Electra Battery Materials’ cobalt refinery located?

Electra’s cobalt sulfate refinery is located in Temiskaming Shores, Ontario. The site has completed major foundations, utilities, and solvent extraction building work, and has advanced equipment installation and site logistics to prepare for full construction mobilization.

Why is Electra Battery Materials’ refinery considered strategic for North America?

The refinery is described as North America’s first cobalt sulfate facility under development and the only one of its kind. Electra positions it as a strategic asset to support domestic critical mineral supply chains for industrial and military needs.

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Accepted by SEC EDGAR 02/03/2026 - 07:15 AM EST Learn about SEC filing dates

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

Form 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of February 2026

Commission File Number: 001-41356

Electra Battery Materials Corporation
(Translation of registrant's name into English)

133 Richmond St W, Suite 602
Toronto, Ontario, Canada
M5H 2L3
(416) 900-3891
(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F [ X ]      Form 40-F [   ]

DOCUMENTS INCLUDED AS PART OF THIS REPORT

Exhibit Number		Description
99.1		Press Release dated February 3, 2026

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

		Electra Battery Materials Corporation
		(Registrant)
Date: February 3, 2026		/s/ Trent Mell
		Trent Mell
		Chief Executive Officer and Director

EXHIBIT 99.1

Electra Awards $6.1 Million Contract to EXP Services for Project Management and Engineering Support at Ontario Refinery

TORONTO, Feb. 03, 2026 (GLOBE NEWSWIRE) -- Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra” or the “Company”) has awarded a US$6.1 million (C$8.3 million) contract to EXP Services Inc. ("EXP") to provide engineering, project management, and construction management services during the construction phase of Electra’s Ontario battery materials refinery project.

"Partnering with EXP provides Electra with the additional project and construction management support needed as we move into the final phase of refinery development," said Paolo Toscano, VP Project & Engineering. "The team is committed to safety and timely execution as we work to build capacity for a domestic supply of battery-grade materials."

This partnership enhances Electra’s project execution capabilities as the Company advances North America’s first cobalt sulfate refinery toward mechanical completion and commissioning in 2027.

"Electra is focused on commissioning its cobalt sulfate refinery in 2027," said Trent Mell, CEO. "As governments and the private sector seek to secure critical minerals and de-risk critical mineral supply chains, Electra’s facility is positioned as a strategic asset to support North America’s military and industrial base."

Electra’s cobalt refinery is the only facility of its kind under development in North America. Located in Temiskaming Shores, Ontario, the refinery is entering the final phase of construction, with key civil, mechanical, and structural work completed including foundations, utilities, the solvent extraction building, and much of the installation of key solvent extraction and crystallizer equipment. Electra’s early works program includes engineering, procurement, and construction planning activities such as finalizing detailed engineering, the completion of piping and instrumentation diagrams (P&IDs), and HAZOP reviews. The Company has also restarted the procurement process with the purchase of key piping and electrical components including automated valves and control systems. Site preparation and materials handling installations have also been advanced, including the establishment of laydown areas, warehousing, and logistics support for equipment and materials, positioning the project for full construction mobilization in the coming weeks.

Electra is targeting mechanical completion of the refinery in H1 2027, with commissioning and production in the months that follow. Once fully operational, the facility is expected to produce 5,100 tonnes of cobalt annually in a battery-grade cobalt sulfate, with a subsequent expansion to 6,500 tonnes of contained cobalt in sulfate per year.

About Electra Battery Materials

Electra is a leader in advancing North America’s critical minerals supply chain for lithium-ion batteries. The Company’s current focus is constructing North America’s only cobalt sulfate refinery, as part of a phased strategy to onshore critical minerals refining and reduce reliance on foreign supply chains. In addition to the Refinery, Electra holds a significant land package in the Idaho Cobalt Belt, including its Iron Creek and Ruby projects, positioning the Company as a potential cornerstone for North American cobalt and copper production.

Electra is also advancing black mass recycling opportunities to recover lithium and other critical minerals from end-of-life batteries, while continuing to evaluate growth opportunities in nickel refining.

Contact

Heather Smiles
Vice President, Investor Relations & Corporate Development
Electra Battery Materials
info@ElectraBMC.com
1.416.900.3891

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Statements

This news release may contain forward-looking statements and forward-looking information (together, “forward-looking statements”) within the meaning of applicable securities laws. All statements, other than statements of historical facts, are forward-looking statements. Generally, forward-looking statements can be identified by the use of terminology such as “plans”, “expects”, “estimates”, “intends”, “anticipates”, “believes” or variations of such words, or statements that certain actions, events or results “may”, “could”, “would”, “might”, “occur” or “be achieved”. Forward-looking statements are based on certain assumptions, and involve risks, uncertainties and other factors that could cause actual results, performance, and opportunities to differ materially from those implied by such forward-looking statements. Factors that could cause actual results to differ materially from these forward-looking statements are set forth in the management discussion and analysis and other disclosures of risk factors for Electra Battery Materials Corporation, filed on SEDAR+ at www.sedarplus.com and with EDGAR at www.sec.gov. Although the Company believes that the information and assumptions used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed times frames or at all. Except where required by applicable law, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.