Electra Battery Materials Updates on North America's First Cobalt Sulfate Refinery Construction Progress
Electra Battery Materials provides an update on construction progress at North America's first cobalt sulfate refinery. "Momentum continues to build across the project," said Paolo Toscano, VP Projects and Engineering. "Strong planning and close collaboration with our partners are translating into tangible progress on the ground. We are excited by how the project is coming together and remain fully focused on delivering this important facility efficiently and safely." Construction crews recently completed the installation of exterior pipe racks which will connect the leach plant, solvent extraction building, and crystallizer. Current site work is centered on civil, structural, concrete and tankage installation, with a continued focus on maintaining a strong safety culture. With both construction financing and permits in place, as well as the majority of long-lead equipment secured and core infrastructure already established, current efforts are centered on sequencing work and preparing for the integration and installation of the refinery's mechanical systems as the project advances toward its targeted 2027 commissioning.
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GoldHaven Resources Discovers 334 ppm Indium at Magno Property in British Columbia
- Indium Discovery: GoldHaven Resources has confirmed a significant discovery of 334 ppm indium at its Magno Property in British Columbia, indicating strategic importance in the critical minerals sector and potentially enhancing the company's market position.
- Resource Potential: The indium-rich zones are closely associated with zinc mineralization, suggesting that the polymetallic system at Magno has further development potential, which could provide crucial insights for future exploration and mining efforts.
- Market Demand: As a critical mineral widely used in high-tech applications such as touchscreens and semiconductors, indium demand is expected to surge with the transition to clean energy, and GoldHaven's discovery will help meet this market need.
- Strategic Positioning: GoldHaven is advancing multiple projects across 133,186 hectares, and with ongoing exploration in Brazil and British Columbia, the company is poised to strengthen its competitiveness in the North American critical minerals market.

Electra Battery Materials Launches $5.5 Million At-the-Market Offering
- Market Offering Plan: Electra Battery Materials Corporation has announced the launch of an At-the-Market offering to sell up to $5.5 million in common shares through H.C. Wainwright & Co., aimed at providing funding support for the company's operations and expansion.
- Commission Structure: Under this plan, Wainwright will receive a 3% cash commission on the gross proceeds, which will impact Electra's net revenue; while this commission structure is common in the industry, it still necessitates careful consideration of its effects on capital utilization.
- Compliance and Registration: The offering has been registered with the U.S. Securities and Exchange Commission and was approved on December 11, 2025, ensuring Electra's fundraising activities are conducted within a compliant framework.
- Strategic Positioning: Electra aims to use the proceeds to support the construction of its cobalt sulfate refinery in North America, further solidifying its leadership position in the critical minerals supply chain and reducing reliance on foreign supply chains.






