Electra Battery Materials Corporation announced on July 31, 2025, the commencement of metallurgical testing on cobalt feedstock from two strategic North American sources. These sources include the historic Cobalt Camp in Ontario and the company’s Iron Creek cobalt and copper project in Idaho.
The objective of this initiative is to strengthen and diversify Electra’s cobalt refinery feedstock pipeline by integrating domestic sources alongside existing global supply partners. Preliminary results from this program are expected by the end of 2025 and will inform potential flowsheet modifications.
Concurrently, Electra announced it has entered into an At The Market (ATM) Offering Agreement with H.C. Wainwright & Co., LLC. Under this agreement, the company may offer and sell common shares with an aggregate offering price of up to US$5.5 million, providing additional financial flexibility.
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