Electra Battery Materials names new CFO, reports Q2 2026 results

Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) has appointed Peter Rawlins as Chief Financial Officer, effective Aug. 26, 2026, according to a company statement. Rawlins succeeds David Allen, who served as interim CFO since February 2026 and will remain with the company on a part-time basis through the completion of its Ontario cobalt sulfate refinery.

Rawlins brings more than two decades of mining finance and capital markets experience, including 19 years at CIBC where he most recently served as Managing Director of Global Mining and Forest Products in Capital Markets. He subsequently held roles as Vice President and Treasurer at Artemis Gold and Senior Vice President and CFO at Premium Nickel.

The company also reported its second quarter 2026 financial results. Electra held cash and cash equivalents of C$36 million as of June 30, 2026, including approximately US$2.1 million in gross proceeds from its at-the-market equity program. The company finalized a C$20 million investment agreement with the Government of Canada under the Strategic Response Fund during the quarter.

Total refinery construction contracts awarded reached approximately C$46 million. The company said construction remains on schedule and on budget, with early commissioning activities expected to begin in the fourth quarter of 2026, mechanical completion targeted for the second quarter of 2027, and commercial production anticipated in the fourth quarter of 2027.

In October 2025, Electra completed a recapitalization that included a US$34.5 million equity financing and the conversion of approximately US$40 million in senior secured convertible notes into equity. Combined with US$20 million from the U.S. Department of War and US$28 million from the Government of Canada and Invest Ontario, the company arranged approximately US$82 million in aggregate funding for refinery construction. The company also noted approximately C$65 million in aggregate reimbursable government funding supporting the project.

During the quarter, Electra launched an engineering study for a potential nickel refinery in the southeastern United States.

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