Electra Battery Materials signs term sheet with WMC for five — year cobalt working — capital partnership

Electra Battery Materials signed a non-binding term sheet with WMC for a five-year working-capital, commercial partnership for its Canadian refinery. Structure targets financing cobalt feedstock purchases, supporting battery-grade cobalt sales, tightening the operating cash cycle ahead of production. WMC to provide logistics, marketing support, market expertise, access to its global network as the refinery moves into operations. Trader also committed to invest in Electra once definitive agreements are executed. WMC to act as buyer, exclusive marketing agent for cobalt sulfate volumes up to nameplate capacity, alongside existing LG Energy Solution supply deal. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Electra Battery Materials Corporation published the original content used to generate this news brief via (Ref. ID: 202610130700OMX_____CNEWS_EN_GNW9844293_en) on October 13, 2026, and is solely responsible for the informat