Electra Battery Materials Strikes Supply Chain Cooperation Agreement With Positive Materials

Electra Battery Materials Corporation (NASDAQ:ELBM, TSXV:ELBM) ("Electra" or the "Company"), a leader in advancing North America's critical minerals processing, and Positive Materials Inc. ("Positive"), a Canadian-based company onshoring proven commercial precursor cathode active material ("pCAM") manufacturing technology ("Project Positive+") in Canada, today announce the signing of a Supply Chain Cooperation Agreement to support the growth of North America's lithium-ion battery and energy storage industries.

To complement its existing offtake agreement with LG Energy Solution, Electra is engaged in preliminary discussions with multiple parties regarding potential commercial arrangements that, if advanced, could further broaden the customer base of its refinery. The agreement with Positive is targeting a North American commercial and technical relationship for Electra's cobalt sulfate production. The partnership reflects a shared commitment to process ethically sourced battery raw materials domestically and to strengthen the resilience, sustainability, and competitiveness of North America's critical minerals supply chain.