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Droughts have extensive consequences, affecting the natural environment, water quality, public health, and exacerbating economic losses. Precise drought forecasting is essential for promoting sustainable development and mitigating risks, especially given the frequent drought occurrences in recent decades. This study introduces the Improved Outlier Robust Extreme Learning Machine (IORELM) for forecasting drought using the Multivariate Standardized Drought Index (MSDI). For this purpose, four observation stations across British Columbia, Canada, were selected. Precipitation and soil moisture data with one up to six lags are utilized as inputs, resulting in 12 variables for the model. An exhaustive analysis of all potential input combinations is conducted using IORELM to identify the best one. The study outcomes emphasize the importance of incorporating precipitation and soil moisture data for accurate drought prediction. IORELM shows promising results in drought classification, and the best input combination was found for each station based on its results. While high Area Under Curve (AUC) values across stations, a Precision/Recall trade-off indicates variable prediction tendencies. Moreover, the F1-score is moderate, meaning the balance between Precision, Recall, and Classification Accuracy (CA) is notably high at specific stations. The results show that stations near the ocean, like Pitt Meadows, have higher predictability up to 10% in AUC and CA compared to inland stations, such as Langley, which exhibit lower values. These highlight geographic influence on model performance.