Electra Completes Financing and Debt Restructuring, Fully Funding North America’s First Cobalt Sulfate Refinery

TORONTO, Oct. 22, 2025 (GLOBE NEWSWIRE) -- Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM), a leader in advancing North America’s critical minerals supply chain for lithium-ion batteries, today announced the closing of its US$34.5 million financing and US$40 million debt equitization, marking a major transformation of its balance sheet and funding outlook. With over US$80 million now secured from investors and government commitments, Electra has obtained all the capital required to complete construction and commissioning of North America’s first cobalt sulfate refinery, a critical asset that will strengthen the region’s battery and defense supply chains.