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Electra Battery Materials Corp - ELBM STOCK NEWS

Welcome to our dedicated news page for Electra Battery Materials (Ticker: ELBM), a resource for investors and traders seeking the latest updates and insights on Electra Battery Materials.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Electra Battery Materials's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Electra Battery Materials's position in the market.

News
Rhea-AI Summary
Electra Battery Materials Corporation (ELBM) announced the issuance of incentive stock options and restricted share units to key personnel, aligning interests with shareholders. The company will settle performance-based incentive cash payments by issuing common shares. The grants aim at long-term retention and motivation of employees.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.49%
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Rhea-AI Summary
Electra Battery Materials Corporation announced a $5 million investment from the Government of Canada for North America's first cobalt sulfate refinery in Ontario. The facility will produce 5% of global battery grade cobalt for electric vehicles, with support from the Federal Economic Development Initiative for Northern Ontario. The investment highlights Canada's role in the global battery supply chain and aims to create jobs and economic growth in the region.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
17.46%
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none
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Rhea-AI Summary
Electra Battery Materials Corporation provided an update on its battery materials recycling trial at the Ontario refinery complex, reporting improved recoveries of lithium, nickel, cobalt, and other critical minerals. The company is compiling an internal report on the proprietary methodologies used and modular growth scenarios. Electra has improved its lithium carbonate product quality by nearly 20% and the manganese recovery rate to approximately 95%. The company has processed 40 tonnes of black mass material and shipped approximately 28 tonnes of nickel-cobalt mixed hydroxide precipitate product to customers. The reduction in reagent use and substitution of certain reagents are expected to lower operating expenses, thereby improving the economics of continuous recycling operations.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.68%
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none
Rhea-AI Summary
Electra Battery Materials Corporation (ELBM) has appointed Heather Smiles as Vice President, Investor Relations and Corporate Development. The company is focusing on becoming the leading North American refinery for electric vehicle battery materials. Heather's skills and history with the company will be a strong asset to the senior leadership team. The company has issued 100,000 stock options and received approval to amend the terms of outstanding common share purchase warrants. The amendment reduces the exercise price of the warrants and includes an acceleration clause.
Rhea-AI Impact
Rhea-AI Sentiment
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Rhea-AI Summary
Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) appoints David Allen as Chief Financial Officer. The company is making progress on its battery supply chain onshoring strategy and financing plans for the continent's first cobalt sulfate facility. Completion of the financing package for construction of the cobalt refinery is a key deliverable in the new year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.55%
Tags
management
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Rhea-AI Summary
Electra Battery Materials Corporation (ELBM) announced the appointment of George Puvvada, Ph.D., P.Eng., PMP, as Vice President of Metallurgy and Technology. Dr. Puvvada brings 30 years of experience in developing effective flowsheets for recovering metals from complex formations and has worked with industry giants like Cameco, Xstrata, Vale, and Inco. His promotion is a testament to his success in leading the development of flowsheets for producing battery-grade cobalt sulfate and recycling black mass material to recover high-value elements, including nickel, cobalt, lithium, copper, and manganese. This move aligns with Electra's strategy to become the leading North American refinery of electric vehicle battery materials.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.06%
Tags
management
Rhea-AI Summary
Electra Battery Materials Corporation (ELBM) announced the intention to amend the terms of 10,796,054 outstanding common share purchase warrants, reducing the exercise price to CAD$1.00 per Common Share and including an acceleration clause. The Proposed Amendments aim to align the terms of the Warrants with current market conditions and reduce potential dilution in Company capitalization.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
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Rhea-AI Summary
Electra Battery Materials Corporation (ELBM) has signed a memorandum of understanding with Rock Tech Lithium (RCK) to supply recycled lithium for upgrading to battery-grade lithium chemicals. The partnership aims to create a sustainable closed-loop service for lithium-ion battery recycling, generating additional revenue and facilitating future growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.49%
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none
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Rhea-AI Summary
Rock Tech Lithium (RCK) signs partnership with Electra Battery Materials Corporation (ELBM) for recycling lithium, aiming to create a closed-loop sustainable solution for battery-grade lithium chemicals. The collaboration is expected to generate additional revenue for Electra and ensure a long-term supply for Rock Tech's lithium plants.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.49%
Tags
none
Rhea-AI Summary
Rock Tech Lithium (RCK) signs partnership with Electra Battery Materials Corporation (ELBM) for recycling lithium, aiming to create a closed-loop sustainable solution for battery-grade lithium chemicals. The collaboration is expected to generate additional revenue for Electra and ensure a long-term supply for Rock Tech's lithium plants.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.39%
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Electra Battery Materials Corp

Nasdaq:ELBM

ELBM Rankings

ELBM Stock Data

36.19M
55.38M
1.22%
13.68%
0.47%
Dimension Stone Mining and Quarrying
Mining, Quarrying, and Oil and Gas Extraction
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Canada
Toronto