08:14 AM EST, 11/25/2025 (MT Newswires) -- Electra Battery Materials (ELBM.V) traded 1% higher at last look Tuesday in Nasdaq pre-market trading as the company signed a supply chain cooperation agreement with Positive Materials, a provider of cathode active material manufacturing (pCAM) technology.

As part of the agreement, the two companies will evaluate opportunities to integrate Electra's battery-grade cobalt sulfate with Positive's planned North American pCAM operations in New Brunswick, Electra said.

The collaboration will focus on aligning product specifications and supporting downstream processing pathways that meet the needs of North American and European customers, according to Electra.

"Partnering with Positive allows us to explore processing synergies and jointly support customers seeking secure, transparent sourcing," Electra Chief Executive Officer Trent Mell said.

The deal is part of Electra's efforts to complement its existing offtake agreement with LG Energy Solution and broaden the customer base of its refinery, the company said.