STOCK TITAN
  1. Home
  2. News
  3. ELBM

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
Electra and Eurasian Resources Group Sign Cobalt Supply Agreement
Rhea-AI Summary
Electra Battery Materials and Eurasian Resources Group sign a long-term cobalt supply agreement to support North America's first battery grade cobalt sulfate refinery, aiming to onshore the battery supply chain and reduce reliance on foreign refiners. ERG will deliver 3,000 tonnes per annum of IRA-compliant cobalt to Electra's refinery in Toronto starting from 2026. The agreement ensures sufficient cobalt hydroxide feed material for the refinery's annual capacity, sourced from ERG's Metalkol operation in the DRC. The partnership aligns with the US Inflation Reduction Act to promote domestic EV battery supply chains in the US and Canada. Electra's CEO, Trent Mell, emphasizes the importance of partnering with sustainable mining practices. ERG's CEO, Benedikt Sobotka, highlights the ethical production of cobalt hydroxide to meet North America's cobalt demand and support the region's expanding battery supply chain.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.71%
Tags
none
-
News
Electra Receives Extension from NASDAQ to Resolve Minimum Price Requirement
Rhea-AI Summary
Electra Battery Materials (ELBM) has received a 180-day extension from Nasdaq to regain compliance with the minimum bid price requirement. The company has until September 16, 2024, to meet the requirement, with no immediate impact on trading. Electra also issued shares to satisfy interest on convertible notes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.94%
Tags
none
-
News
Electra Provides Corporate Update
Rhea-AI Summary
Electra Battery Materials Corporation (ELBM) receives TSX Venture Exchange approval to issue common shares in satisfaction of interest payable to certain note holders. The issuance of shares is valued at CAD$0.30 or 95% of the average trading price. The agreement was announced on February 27, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
News
Electra Provides Corporate Update
Rhea-AI Summary
Electra Battery Materials Corporation (ELBM) announces agreement with Noteholders to postpone interest payments, plans Share Issuance and seeks Nasdaq compliance extension. Company settles employee incentive payments with Common Shares.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.09%
Tags
none
-
News
Electra Participating in Upcoming North American Critical Minerals Industry & Investment Events
Rhea-AI Summary
Electra Battery Materials Corporation (ELBM) senior management to participate in key investment and industry conferences to discuss near-term plans.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
News
Electra Provides Corporate Update
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%
Tags
none
News
Electra Receives $5 Million Grant from Government of Canada to Support the Development of the North American Electric Vehicle Supply Chain
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%
Tags
none
-
News
Electra Provides Update on Black Mass Recycling
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%
Tags
none
-
News
Electra Appoints Heather Smiles as Vice President, Investor Relations & Corporate Development
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
End-of-Day
-- %
Tags
management
News
Electra Appoints 30-year Finance Veteran as CFO and Provides Financing Update
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
Stock ELBM logo
Electra Battery Materials Corp

Nasdaq:ELBM

ELBM Rankings

#5070 Ranked by Market Cap
#5324 Ranked by Stock Gains
N/A Ranked by Dividends

ELBM Stock Data

24.89M
55.19M
1.22%
13.84%
0.4%
Dimension Stone Mining and Quarrying
Mining, Quarrying, and Oil and Gas Extraction
Link
Canada
Toronto