Electra Signs Term Sheet for Strategic Partnership with Global Commodities Trader WMC
Electra Battery Materials signed a non-binding term sheet with commodities trader WMC Group AG for a five-year working-capital and commercial partnership supporting its Canadian cobalt refinery. WMC will finance cobalt feedstock purchases, manage logistics, and act as buyer and exclusive marketing agent for cobalt sulfate output up to nameplate capacity, and has committed to invest in Electra when definitive agreements are executed.
Key figures
- Binding
- No
- Partnership Term Years
- 5
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