Electra Battery issues construction tender in Ontario

Executive Summary

• Electra Battery Materials Corp. has issued a major Mechanical, Piping, Electrical, and Instrumentation (SMPEI) tender package for its cobalt sulphate refinery in Temiskaming Shores, Ontario.
• This milestone marks the transition from early works and engineering to full construction mobilization and sustained construction activity.
• The company has commenced its construction reactivation program, with project financing secured, permitting in place, and the majority of long-lead equipment procurement completed.

Key Details

• Tender Scope: The SMPEI tender covers the installation of critical processing systems, including structural, mechanical, piping, electrical, instrumentation, and utility connections required to physically integrate the refinery's key systems.
• Project Status: The company is transitioning from early works to full construction mobilization following extensive engineering and procurement phases.
• Infrastructure: Core infrastructure is already in place, and major components are on site.
• Commissioning Target: The refinery is targeted for commissioning in 2027.
• Financing & Permits: Construction reactivation is supported by project financing and completed permitting.
• Company Focus: Electra is constructing North America's first cobalt sulphate refinery as part of a strategy to onshore critical minerals refining. The company also holds land in Idaho's cobalt belt (Iron Creek project) and is advancing black mass recycling opportunities.

Notable Quotes

• "Tendering the SMPEI package paves the way for full construction activities. With engineering and procurement well advanced, we remain focused on safely executing installation activities that will move us closer to commissioning." — Paolo Toscano, Vice-President, Projects and Engineering