Electra Battery Materials Corp Stock Price, News & Analysis

Electra Battery Materials (NASDAQ: ELBM) welcomes Ontario's new C$500 million Critical Minerals Processing Fund, announced in the 2025 provincial budget. This initiative aims to strengthen domestic critical mineral processing capabilities and support the region's growing EV and battery manufacturing ecosystem.

At the 2025 SelectUSA Investment Summit, CEO Trent Mell engaged with key stakeholders, including U.S. and Canadian ambassadors, highlighting the bilateral focus on reducing foreign dependence on critical minerals. Electra, operating the only cobalt sulfate refinery in North America, positions itself as a crucial player in building a resilient domestic battery materials supply chain, particularly in response to China's dominance in critical mineral processing.

Electra Battery Materials (NASDAQ: ELBM) has announced that its previously announced non-brokered private placement offering is now fully subscribed and allocated. The company's CFO Marty Rendall indicated that the strong investor interest demonstrates confidence in their strategy.

The net proceeds from the offering will be utilized to advance the Company's Refinery project in Temiskaming Shores, Ontario, and for general corporate purposes. The completion of the offering remains subject to regulatory approvals and customary closing documentation.

Electra Battery Materials (NASDAQ: ELBM) has announced a non-brokered private placement offering to raise up to US$3.5 million. The company will issue units at US$1.12 per unit, with each unit comprising one common share and one transferable warrant.

The warrants will allow holders to purchase additional common shares at US$1.40 for 18 months following the issue date. The proceeds will be used to advance the Company's Refinery project in Temiskaming Shores, Ontario, and for general corporate purposes.

The offering is available to Canadian investors (except Quebec) under the listed issuer financing exemption, and to international investors. Securities issued under the Listed Issuer Financing Exemption will be freely tradeable in Canada without a hold period, while other securities will have a four-month hold period.

Electra Battery Materials (NASDAQ: ELBM) has secured significant funding progress for its cobalt sulfate refinery in Ontario, which will be North America's first and only facility of its kind. The company has arranged US$54 million in non-dilutive funding, including US$34 million in government support and a US$20 million strategic investment proposal.

The total capital cost to complete the refinery is estimated at US$60 million, excluding first fills and commissioning costs. Once operational, the facility will produce 6,500 tonnes of cobalt annually, supporting the production of up to 1 million EVs. Located north of Toronto in Temiskaming Shores, the refinery is projected to have the lowest carbon footprint globally among similar facilities.

With over 90% of current cobalt sulfate production concentrated in China, Electra's facility will be one of the few providers without Foreign Entity of Concern involvement in the industry.

Electra Battery Materials (NASDAQ: ELBM) has received a Letter of Intent for $20 million in funding from the Canadian Federal Government to complete North America's first battery-grade cobalt refinery. The facility, located in Temiskaming Shores, will produce 6,500 tonnes of cobalt annually, supporting up to one million EVs production.

The project aims to reduce North America's dependence on China, which currently refines about 90% of the world's cobalt. LG Energy Solution has committed to purchasing up to 80% of the facility's future production, with strong buyer interest exceeding capacity for the remaining output.

The refinery is projected to have the lowest carbon footprint of its kind globally. Electra's future plans include:

• Operating a battery recycling demonstration plant
• Developing a battery recycling refinery
• Potential second cobalt sulfate facility in Bécancour, Quebec
• Plans for a North American nickel sulfate plant

Electra Battery Materials (NASDAQ: ELBM; TSX-V: ELBM) has appointed Alden Greenhouse to its Board of Directors. Greenhouse currently serves as Vice-President, Critical & Strategic Minerals for Agnico Eagle Mines , a leading Canadian mining company with global operations.

John Pollesel, Electra Chair, highlighted Greenhouse's extensive experience in critical and strategic minerals, financial acumen, and deep understanding of the mining sector as valuable assets for advancing Electra's mission to build a sustainable and secure battery materials supply chain in North America.

Greenhouse has held several leadership positions at Agnico Eagle since 2013, including VP of Strategic Development, Corporate Development & Business Strategy, and Business Strategy. His prior experience includes serving as CFO of a junior mining company and working at RBC Capital Markets. He holds an MSc in Accounting and Finance, an Honours Bachelor of Commerce, and CMA and CFA designations.

Electra Battery Materials (NASDAQ: ELBM) has reported significant gold-rich cobalt-copper mineralization at its CAS Property in the Idaho Cobalt Belt. Historical drilling data from 2003-2006, spanning over 2,600m, revealed notable high-grade gold values, including intersections of 8.3 g/t Au and 0.51% Co over 6.2m.

The CAS Property, located approximately 2km north of Electra's Iron Creek Project, expands the company's footprint in the Idaho Cobalt Belt, which is recognized as the largest undeveloped primary cobalt resource in the United States. The company recently secured a 10-year exploration permit covering 91 designated drill pad locations across its 73.15 km² Idaho properties.

Recent analyses by ALS Global have identified multiple anomalous gold, copper, and cobalt zones beyond the main CAS Prospect. Electra plans to conduct further bedrock mapping, structural evaluation, and resampling of mineralized zones, while considering additional geophysical surveys to support drill targeting.

Electra Battery Materials (NASDAQ: ELBM) has initiated a feasibility study for constructing a battery recycling refinery next to its cobalt refinery north of Toronto. The study builds on the company's successful year-long black mass recycling trial, where they produced technical grade lithium and nickel-cobalt products from end-of-life batteries.

The company has partnered with Three Fires Group through Aki Battery Recycling to build a pretreatment facility for battery scrap. The resulting black mass will be refined at Electra's facility, offering North American battery makers a closed-loop partnership for domestic critical minerals supply.

Electra has retained Green Li-ion, a U.S.-based recycling technology solutions provider, to assist with engineering and feasibility studies. The company recently received C$5 million from Natural Resources Canada to advance its recycling project's next phase, focusing on demonstrating the scalability and profitability of its hydrometallurgical black mass process.