Electra Battery Materials Corp Stock Price, News & Analysis

Electra (NASDAQ: ELBM) announced that executive leadership will attend a series of industry events between November 17 and December 1, 2025 to engage investors, policymakers and partners on building a North American critical minerals supply chain.

Planned appearances include the SelectUSA Investment Summit (Nov 17), Ontario Critical Minerals Forum with a Nov 18 panel on circular battery materials, Benchmark Week (Nov 18–20) and The Northern Miner International Metals Symposium in London (Nov 30–Dec 1). Electra aims to discuss onshoring refining and recycling, Indigenous participation, and collaboration opportunities.

Electra (NASDAQ: ELBM) filed Q3 2025 results and reported progress toward building North America’s first cobalt sulfate refinery in Temiskaming Shores, Ontario. Key financings and support include a US$34.5 million equity financing, a US$13 million (C$17.5M) Ontario term sheet, and prior commitments of US$20M from the U.S. Department of Defense and US$15M (C$20M) from Canada, totaling US$48M of government support. The company reduced debt to approximately US$28M, had C$3M cash at Sept 30, 2025, began North American feedstock testing, added three board members, and reactivated construction after arranging an US$82M funding package in November.

Electra (NASDAQ: ELBM) issued a major SMPEI tender on Nov 10, 2025 to advance full construction of its cobalt sulfate refinery in Temiskaming Shores, Ontario. The package covers mechanical, piping, electrical, instrumentation and utility connections and signals a transition from early works to sustained construction mobilization. The company said engineering and procurement are well advanced, most long-lead equipment is on site, and a Construction Reactivation Program is underway supported by project financing. The tendered scope is intended to enable system integration ahead of a targeted 2027 commissioning.

Electra (NASDAQ: ELBM) has resumed construction at its brownfield cobalt sulfate refinery after securing approximately US$82 million in project financing, including about US$48 million in non-dilutive government support from U.S., Canadian and Ontario sources. The refinery is designed to produce 6,500 tonnes of battery-grade cobalt sulfate annually and targets commissioning in 2027. Key near-term work includes detailed engineering, HAZOP reviews, reactivation of mechanical/electrical/instrumentation systems, major tenders, site preparation, and construction mobilization in early 2026. Electra cites offtake with LG Energy Solution and feedstock agreements with Glencore and ERG, and says final capital estimates will be updated with a market update planned for January.

Electra (NASDAQ: ELBM) appointed Paolo Toscano as Vice President, Projects and Engineering, effective immediately, to oversee construction and commissioning of North America’s first cobalt sulfate refinery in Temiskaming Shores, Ontario.

The company said Toscano brings 30+ years of mining and metallurgical project experience. Electra also announced it will not proceed with a previously approved reverse split at this time, while the board retains future discretion. Electra granted long-term incentives: 2,669,000 options, 179,000 RSUs, and 271,000 DSUs; options exercisable for three years at C$1.97 and subject to TSXV approval.

Electra (NASDAQ: ELBM) launched a new program to advance geological modelling and feedstock integration at its Iron Creek cobalt-copper project in Idaho while resuming construction at a fully financed North American cobalt refinery. Bench-scale tests will evaluate North American polymetallic sulfide feedstocks; a CASERM partnership will expand SWIR hyperspectral scanning across drill holes to refine targets. Electra holds 10-year permits for 91 drill pads and plans a spring 2026 drilling restart; refinery commissioning is targeted for 2027.

Electra Battery Materials (TSXV: ELBM; NASDAQ: ELBM) announced on October 23, 2025 that it is advancing plans to complete North America's first battery-grade cobalt sulfate refinery. The company said permits are secured, construction activities have resumed, and it has secured over US$78 million in combined funding from government partners and recent financing.

Electra positions the project as a domestic supplier of battery materials to reduce dependence on offshore cobalt processing and to strengthen North America's battery supply chain amid heightened geopolitical and industrial urgency.

Electra Battery Materials (NASDAQ: ELBM) announced on October 22, 2025 the closing of a US$34.5M financing and a US$40M debt equitization, bringing total secured commitments to US$82M to fully fund construction and commissioning of North America’s first cobalt sulfate refinery in Temiskaming Shores, Ontario. The transactions reduce total debt from US$67M to US$27M, issue 46,000,000 Units at US$0.75 (with warrants exercisable at US$1.25), and result in issuance of 27,128,396 common shares, 55,041,712 warrants and 31,735,657 pre-funded warrants to lenders. The refinery is expected to produce up to 6,500 tonnes of battery-grade cobalt sulfate annually, enough for batteries for about 1 million vehicles.

Electra (NASDAQ: ELBM) announced results from its special meeting held on October 15, 2025 in Toronto.

Shareholders elected all seven director nominees with each receiving over 95% support; David Stetson was appointed Chair and John Pollesel became Lead Director. The meeting approved: (i) previously announced Restructuring Transactions with certain convertible note holders; (ii) the creation of a Control Person designation related to those transactions; and (iii) an amendment authorizing a reverse stock split of up to 1-for-3.5 (final ratio at board discretion). A total of 2,123,906 common shares (about 12% of issued shares) were represented at the meeting.