{"success":true,"data":{"pressRelease":{"id":"33241","rtpr_id":"nGNX9jLKFJ","ticker":"ELBM","exchange":"","all_tickers":["ELBM"],"title":"Electra Awards Solvent Extraction Construction Package","author":"Globe Newswire","published_at":"2026-05-13T11:30:00.295Z","article_body":"TORONTO, May 13, 2026 (GLOBE NEWSWIRE) -- Electra Battery Materials\nCorporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra” or the “Company”)\nhas awarded a C$25 million construction package to complete the solvent\nextraction (“SX”) building at its cobalt sulfate refinery complex north of\nToronto.\n\nThe contract was awarded to WB Melback Corporation, a locally based company\nspecializing in industrial construction and maintenance. The package includes\nconcrete and civil works, structural steel erection, piping installation, and\nelectrical and instrumentation integration associated with the refinery’s SX\ncircuit. Electra has issued a Limited Notice to Proceed to authorize early\nexecution activities while the parties finalize a definitive construction\nagreement.\n\nEarly execution activities currently underway include engineering\nverification, construction sequencing, quality assurance and health, safety,\nand environment (QA/HSE) preparation, shop drawing development, material\nverification, site investigations, and enabling civil and structural work to\nsupport mobilization and construction execution.\n\n“The project remains aligned with our budget and schedule expectations,”\nsaid Paolo Toscano, Vice President, Projects & Engineering. “With key\nconstruction packages awarded, long-lead equipment delivered, and contractors\nmobilized on site, we are moving through the construction and toward\ncommissioning next year. Safety remains foundational to every stage of the\nproject, and our teams and contractors continue to maintain a disciplined\napproach to safe execution as we continue to advance the project.”\n\nRecent work completed at the site includes:\n* Mobilization of construction management, inspection, and contractor\ncoordination teams across the refinery site\n* Completion of concrete work for the pregnant leach solution filter\n* Completion of concrete work and installation of the steel structure for the\nneutralization clarifier\n* Delivery and staging of major long-lead equipment and process materials\n* Refinery-wide quantity verification, spool development, and tie-in planning\nactivities\n* Demolition preparation and sequencing reviews for retrofit installation\nscopes\nConstruction work underway across the refinery complex includes:\n* SX building site preparation and enabling civil works\n* Material staging and structural steel coordination within refinery laydown\nareas\n* Neutralization clarifier installation\n* Crystallizer piping fabrication and spool package development\n* Process equipment installation activities across refinery systems\n* Piping fabrication, fit-up, and tie-in activities\n* Shop drawing execution and field material verification for SX construction\nscopes\n\n\nSkilled trades, engineering teams, construction management personnel, and\nspecialized contractors have been mobilized to site, executing planning and\nconstruction activities.\n\nAbout Electra Battery Materials\n\nElectra is a leader in advancing North America’s critical minerals supply\nchain for lithium-ion batteries. The Company’s primary focus is constructing\nNorth America’s only cobalt sulfate refinery, as part of a phased strategy\nto onshore critical minerals refining and reduce reliance on foreign supply\nchains. In addition to the Refinery, Electra holds a significant land package\nin Idaho’s Cobalt Belt, including its Iron Creek project and surrounding\nproperties, positioning the Company as a potential cornerstone for North\nAmerican cobalt and copper production.\n\nElectra is also advancing black mass recycling opportunities to recover\ncritical materials from end-of-life batteries, while continuing to evaluate\ngrowth opportunities in nickel refining and other downstream battery\nmaterials. For more information, please visit www.ElectraBMC.com.\n\nContact\nHeather Smiles\nVice President, Investor Relations & Corporate Development \nElectra Battery Materials\ninfo@ElectraBMC.com\n1.416.900.3891\n\nNeither the TSX Venture Exchange nor its Regulation Services Provider (as that\nterm is defined in policies of the TSX Venture Exchange) accepts\nresponsibility for the adequacy or accuracy of this release.\n\nCautionary Note Regarding Forward-Looking Statements\n\nThis news release may contain forward-looking statements and forward-looking\ninformation (together, “forward-looking statements”) within the meaning of\napplicable securities laws. All statements, other than statements of\nhistorical facts, are forward-looking statements, including statements\nregarding the approved construction budget and its sufficiency; project\nmilestones such as contract awards, site mobilization, commissioning,\nmechanical completion, commercial production and ramp-up; targeted throughput\nand production volumes; additional capital required for commissioning and\nworking capital; engineering studies and incremental investments; availability\nof equipment, reagents, feedstock and other inputs; commercial arrangements;\nand the availability and timing of governmental or other financial support.\nGenerally, forward-looking statements can be identified by the use of\nterminology such as “plans”, “expects', “estimates”, “intends”,\n“anticipates”, “believes” or variations of such words, or statements\nthat certain actions, events or results “may”, “could”, “would”,\n“might”, “occur” or “be achieved” or similar expressions and are\nbased on current assumptions and expectations. Forward-looking statements\ninvolve risks, uncertainties and other factors that could cause actual\nresults, performance, and opportunities to differ materially from those\nimplied by such forward-looking statements. Factors that could cause actual\nresults to differ materially from these forward-looking statements are set\nforth in the management discussion and analysis and other disclosures of risk\nfactors for Electra Battery Materials Corporation, at www.sedarplus.com and on\nEDGAR at www.sec.gov. Although Electra Battery Materials Corporation believes\nthat the information and assumptions used in preparing the forward-looking\nstatements are reasonable, undue reliance should not be placed on these\nstatements, which only apply as of the date of this news release, and no\nassurance can be given that such events will occur in the disclosed times\nframes or at all. Except where required by applicable law, Electra Battery\nMaterials Corporation disclaims any intention or obligation to update or\nrevise any forward-looking statement, whether as a result of new information,\nfuture events or otherwise.\n\nA photo accompanying this announcement is available at\nhttps://www.globenewswire.com/NewsRoom/AttachmentNg/58881fa2-2233-4422-bb52-b6972d4915d3\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/24573503-40e6-4d1d-90bf-5e830d4db995)\nSite Progress Images \n(https://www.globenewswire.com/NewsRoom/AttachmentNg/58881fa2-2233-4422-bb52-b6972d4915d3/en)\nElectra refinery progress along with descriptions\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX9jLKFJ","title":"Electra Awards Solvent Extraction Construction Package","author":"Globe Newswire","ticker":"ELBM","created":"2026-05-13T11:30:00.295Z","tickers":["ELBM"],"exchange":"","article_body":"TORONTO, May 13, 2026 (GLOBE NEWSWIRE) -- Electra Battery Materials\nCorporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra” or the “Company”)\nhas awarded a C$25 million construction package to complete the solvent\nextraction (“SX”) building at its cobalt sulfate refinery complex north of\nToronto.\n\nThe contract was awarded to WB Melback Corporation, a locally based company\nspecializing in industrial construction and maintenance. The package includes\nconcrete and civil works, structural steel erection, piping installation, and\nelectrical and instrumentation integration associated with the refinery’s SX\ncircuit. Electra has issued a Limited Notice to Proceed to authorize early\nexecution activities while the parties finalize a definitive construction\nagreement.\n\nEarly execution activities currently underway include engineering\nverification, construction sequencing, quality assurance and health, safety,\nand environment (QA/HSE) preparation, shop drawing development, material\nverification, site investigations, and enabling civil and structural work to\nsupport mobilization and construction execution.\n\n“The project remains aligned with our budget and schedule expectations,”\nsaid Paolo Toscano, Vice President, Projects & Engineering. “With key\nconstruction packages awarded, long-lead equipment delivered, and contractors\nmobilized on site, we are moving through the construction and toward\ncommissioning next year. Safety remains foundational to every stage of the\nproject, and our teams and contractors continue to maintain a disciplined\napproach to safe execution as we continue to advance the project.”\n\nRecent work completed at the site includes:\n* Mobilization of construction management, inspection, and contractor\ncoordination teams across the refinery site\n* Completion of concrete work for the pregnant leach solution filter\n* Completion of concrete work and installation of the steel structure for the\nneutralization clarifier\n* Delivery and staging of major long-lead equipment and process materials\n* Refinery-wide quantity verification, spool development, and tie-in planning\nactivities\n* Demolition preparation and sequencing reviews for retrofit installation\nscopes\nConstruction work underway across the refinery complex includes:\n* SX building site preparation and enabling civil works\n* Material staging and structural steel coordination within refinery laydown\nareas\n* Neutralization clarifier installation\n* Crystallizer piping fabrication and spool package development\n* Process equipment installation activities across refinery systems\n* Piping fabrication, fit-up, and tie-in activities\n* Shop drawing execution and field material verification for SX construction\nscopes\n\n\nSkilled trades, engineering teams, construction management personnel, and\nspecialized contractors have been mobilized to site, executing planning and\nconstruction activities.\n\nAbout Electra Battery Materials\n\nElectra is a leader in advancing North America’s critical minerals supply\nchain for lithium-ion batteries. The Company’s primary focus is constructing\nNorth America’s only cobalt sulfate refinery, as part of a phased strategy\nto onshore critical minerals refining and reduce reliance on foreign supply\nchains. In addition to the Refinery, Electra holds a significant land package\nin Idaho’s Cobalt Belt, including its Iron Creek project and surrounding\nproperties, positioning the Company as a potential cornerstone for North\nAmerican cobalt and copper production.\n\nElectra is also advancing black mass recycling opportunities to recover\ncritical materials from end-of-life batteries, while continuing to evaluate\ngrowth opportunities in nickel refining and other downstream battery\nmaterials. For more information, please visit www.ElectraBMC.com.\n\nContact\nHeather Smiles\nVice President, Investor Relations & Corporate Development \nElectra Battery Materials\ninfo@ElectraBMC.com\n1.416.900.3891\n\nNeither the TSX Venture Exchange nor its Regulation Services Provider (as that\nterm is defined in policies of the TSX Venture Exchange) accepts\nresponsibility for the adequacy or accuracy of this release.\n\nCautionary Note Regarding Forward-Looking Statements\n\nThis news release may contain forward-looking statements and forward-looking\ninformation (together, “forward-looking statements”) within the meaning of\napplicable securities laws. All statements, other than statements of\nhistorical facts, are forward-looking statements, including statements\nregarding the approved construction budget and its sufficiency; project\nmilestones such as contract awards, site mobilization, commissioning,\nmechanical completion, commercial production and ramp-up; targeted throughput\nand production volumes; additional capital required for commissioning and\nworking capital; engineering studies and incremental investments; availability\nof equipment, reagents, feedstock and other inputs; commercial arrangements;\nand the availability and timing of governmental or other financial support.\nGenerally, forward-looking statements can be identified by the use of\nterminology such as “plans”, “expects', “estimates”, “intends”,\n“anticipates”, “believes” or variations of such words, or statements\nthat certain actions, events or results “may”, “could”, “would”,\n“might”, “occur” or “be achieved” or similar expressions and are\nbased on current assumptions and expectations. Forward-looking statements\ninvolve risks, uncertainties and other factors that could cause actual\nresults, performance, and opportunities to differ materially from those\nimplied by such forward-looking statements. Factors that could cause actual\nresults to differ materially from these forward-looking statements are set\nforth in the management discussion and analysis and other disclosures of risk\nfactors for Electra Battery Materials Corporation, at www.sedarplus.com and on\nEDGAR at www.sec.gov. Although Electra Battery Materials Corporation believes\nthat the information and assumptions used in preparing the forward-looking\nstatements are reasonable, undue reliance should not be placed on these\nstatements, which only apply as of the date of this news release, and no\nassurance can be given that such events will occur in the disclosed times\nframes or at all. Except where required by applicable law, Electra Battery\nMaterials Corporation disclaims any intention or obligation to update or\nrevise any forward-looking statement, whether as a result of new information,\nfuture events or otherwise.\n\nA photo accompanying this announcement is available at\nhttps://www.globenewswire.com/NewsRoom/AttachmentNg/58881fa2-2233-4422-bb52-b6972d4915d3\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/24573503-40e6-4d1d-90bf-5e830d4db995)\nSite Progress Images \n(https://www.globenewswire.com/NewsRoom/AttachmentNg/58881fa2-2233-4422-bb52-b6972d4915d3/en)\nElectra refinery progress along with descriptions\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-05-13T11:30:00.391450987Z","server_sent_at_ms":1778671800391},"received_at":"2026-05-13T11:30:00.527Z","source_url":null},"analysis":{"id":"23794","press_release_id":"33241","analysis_json":{"industry":{"label":"Industrial Metals & Mining","sector":"Materials"},"redFlags":[],"eventType":"operations_update","narrative":"Electra Battery Materials has awarded a C$25 million construction package to WB Melback Corporation to complete the solvent extraction building at its cobalt sulfate refinery complex north of Toronto.\n\nThe package includes concrete and civil works, structural steel erection, piping installation, and electrical and instrumentation integration.\n\nEarly execution activities are underway, including engineering verification, construction sequencing, and quality assurance and health, safety, and environment (QA/HSE) preparation.\n\nThe project remains aligned with the company's budget and schedule expectations, with key construction packages awarded and contractors mobilized on site.","sentiment":"bullish","agentHooks":{"shouldPost":true,"suggestedAngle":"Key construction milestone for Electra's cobalt sulfate refinery — project on track."},"keyFigures":{"dealValueUsd":0,"offeringPrice":0,"sharesOffered":0,"customDimensions":{"construction_package_value":"C$25 million"}},"quotedText":"The project remains aligned with our budget and schedule expectations","namedEntities":{"people":[{"name":"Paolo Toscano","role":"Vice President, Projects & Engineering"}],"products":[],"companies":[{"name":"Electra Battery Materials Corporation","ticker":"ELBM","relationship":"issuer"},{"name":"WB Melback Corporation","relationship":"contractor"}],"dollarAmounts":[{"amount":"C$25 million","context":"construction package value"}]},"materialImpact":{"score":3,"reasoning":"The company has awarded a significant construction package, which is a key milestone in the development of its cobalt sulfate refinery. This indicates progress in the project and aligns with the company's budget and schedule expectations."},"tickerRelevance":{"others":[],"primary":"ELBM"},"globalImportance":35,"audienceRelevance":50,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"mid-cap","eventGravity":"operations_update","sectorWeight":"Materials","householdBrandBoost":"moderate","marketCapAdjustment":"positive"}},"event_type":"operations_update","event_type_secondary":null,"sentiment":"bullish","material_impact_score":3,"narrative":"Electra Battery Materials has awarded a C$25 million construction package to WB Melback Corporation to complete the solvent extraction building at its cobalt sulfate refinery complex north of Toronto.\n\nThe package includes concrete and civil works, structural steel erection, piping installation, and electrical and instrumentation integration.\n\nEarly execution activities are underway, including engineering verification, construction sequencing, and quality assurance and health, safety, and environment (QA/HSE) preparation.\n\nThe project remains aligned with the company's budget and schedule expectations, with key construction packages awarded and contractors mobilized on site.","key_figures":{"dealValueUsd":0,"offeringPrice":0,"sharesOffered":0,"customDimensions":{"construction_package_value":"C$25 million"}},"named_entities":{"people":[{"name":"Paolo Toscano","role":"Vice President, Projects & Engineering"}],"products":[],"companies":[{"name":"Electra Battery Materials Corporation","ticker":"ELBM","relationship":"issuer"},{"name":"WB Melback Corporation","relationship":"contractor"}],"dollarAmounts":[{"amount":"C$25 million","context":"construction package value"}]},"model_name":"Qwen/Qwen2.5-72B-Instruct-AWQ","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-05-13T11:30:32.545Z","global_importance":35,"audience_relevance":50,"importance_components":{"tickerTier":"mid-cap","eventGravity":"operations_update","sectorWeight":"Materials","householdBrandBoost":"moderate","marketCapAdjustment":"positive"}},"durationMs":16115,"modelName":"george-droid-qwen-72b"}}