Electra extends Glencore cobalt supply deal through 2031

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Go back to Electra extends Glencore cobalt supply deal through 2031

Electra Secures 100% of Cobalt Feedstock Required for Refinery Commissioning and Ramp-Up

August 20, 2026 7:00 AM EDT

Extended Glencore agreement provides long-term feedstock supply through 2031
as Electra advances toward mechanical completion in 2027

TORONTO, Aug. 20, 2026 (GLOBE NEWSWIRE) -- Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (Electra or the Company) is pleased to announce an extension of its cobalt hydroxide feed purchase agreement with Glencore AG (Glencore), one of the worlds largest diversified natural resource companies and a leading cobalt producer, through December 31, 2031.

The agreement builds on the commercial relationship between Electra and... More