Electra Signs Definitive $20 Million Investment Agreement with Government of Canada to Advance Strategic Refinery

(All amounts in C$ unless otherwise specified) TORONTO, May 04, 2026 (GLOBE NEWSWIRE) -- Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra” or the “Company”) is pleased to announce that it has executed a binding investment agreement (the “Investment”) with the Government of Canada under the Strategic Response Fund (“SRF”), turning previous support for the project into a firm commitment. The Investment provides for total federal funding of $20 million toward eligible project costs, to support the completion of construction and commissioning of North America's only battery-grade cobalt sulfate refinery, located in Temiskaming Shores, Ontario.