Developer of a Canadian cobalt-sulfate refinery; 2026 disclosures schedule commissioning and commercial production for 2027.
Sources support the description and the individual connections below. Publication and checking dates refer to the evidence, not a guarantee of current operations.
Reported means the cited source describes the relationship at its evidence date. Historical relationships refer to an earlier period. Announced agreements may not have been implemented. None of these labels confirms that trade continues today.
A March 6 binding term sheet updated cobalt-sulfate supply to 60% of planned refinery output through 2029, with an extension option to 2032. Commercial production was targeted for late 2027.
an extension of its cobalt hydroxide feed purchase agreement with Glencore AG
a firm commitment for 60% of Electra’s cobalt sulfate production through to 2029
A binding letter of intent effective April 1, 2024 proposed 3,000 tonnes of contained cobalt annually for three years. Its original 2026 start predates Electra's subsequently revised commissioning schedule.
Cobalt will come from ERG’s Metalkol operation in the Democratic Republic of the Congo
an extension of its cobalt hydroxide feed purchase agreement with Glencore AG
Electra extended its cobalt-feedstock purchase agreement with Glencore AG through 2031. Commissioning and ramp-up supply was secured through 2027; the Canadian refinery remained under development.
an extension of its cobalt hydroxide feed purchase agreement with Glencore AG
ERG and Electra explicitly identified Metalkol as the planned cobalt-hydroxide origin in their 2024 arrangement. The mine site did not sign this agreement; shipment is unconfirmed.
Cobalt will come from ERG’s Metalkol operation in the Democratic Republic of the Congo