Electra Battery Materials Corporation (NASDAQ: ELBM; ELBM.V) announced Thursday the award of a structural, mechanical and piping (SMP) construction package valued at approximately C$12.4 million to Ontario-based Kilmarnock Enterprises as part of the ongoing construction activities at Electra's cobalt sulfate refinery complex north of Toronto.
Shares in ELBM were down $0.09 or 8.9% at $0.92.