Welcome to our dedicated page for Electra Battery Materials news (Ticker: ELBM), a resource for investors and traders seeking the latest updates and insights on Electra Battery Materials stock.
Electra Battery Materials Corporation (ELBM) regularly issues news updates focused on the development of its cobalt sulfate refinery, critical minerals processing activities, and related battery materials initiatives in North America. Company news often centers on construction milestones at its planned cobalt sulfate refinery in Temiskaming Shores, Ontario, which Electra describes as North America’s first and only cobalt sulfate refinery. These updates cover topics such as construction reactivation, tender packages for mechanical and electrical work, and progress on site infrastructure and engineering.
Another major theme in Electra’s news flow is project financing and capital markets activity. The company has reported government funding commitments from multiple levels of government in the United States and Canada, private financing arrangements, and the establishment of an at-the-market equity offering program under a U.S. registration statement. These announcements provide context on how Electra plans to fund construction and commissioning of its refinery and related initiatives.
Electra’s news releases also highlight its broader critical minerals strategy, including work on its Iron Creek cobalt-copper project and surrounding properties in Idaho’s Cobalt Belt, bench-scale testing of North American feedstocks, and collaboration with research partners such as the Centre to Advance the Science of Exploration to Reclamation in Mining (CASERM). Additional updates describe efforts in black mass recycling, evaluation of nickel refining opportunities, and supply chain cooperation agreements, such as its agreement with Positive Materials Inc. related to precursor cathode active material.
Investors and observers can expect ELBM news to feature construction progress, financing developments, exploration and technical programs, supply and offtake arrangements, and participation in industry forums on critical minerals and battery materials. For those tracking the evolution of North American critical minerals infrastructure, Electra’s news feed offers ongoing insight into the company’s projects and strategic positioning.
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.
Electra Battery Materials (NASDAQ: ELBM) warns that the ongoing Canada Post strike has disrupted mailing of its Meeting Materials for the Annual General and Special Meeting. Shareholders are urged to obtain control numbers and vote online before the deadline. The Meeting is set for October 15, 2025 and votes must be received by 10:00 a.m. ET on October 10, 2025. Shareholder approval is being sought for restructuring transactions and board elections including Gerard Hueber and Jody Thomas. Contact details and voting instructions are provided.
Electra Battery Materials (NASDAQ: ELBM) has successfully secured full subscription for its US$30 million private placement financing, attracting both existing shareholders and new institutional investors. The offering, co-led by Cantor Fitzgerald Canada Corporation and ECM Capital Advisors Ltd., is crucial for funding North America's first cobalt sulfate refinery in Temiskaming Shores, Ontario.
The financing includes an Agents' Option for up to 15% additional Units and is expected to close around October 17, 2025, concurrent with the company's financial restructuring. The closing requires shareholder approval at the October 15 special meeting and regulatory approvals from TSX Venture Exchange and Nasdaq.
Electra Battery Materials (NASDAQ: ELBM) has nominated Jody Thomas, former National Security and Intelligence Advisor to the Prime Minister of Canada, to its Board of Directors. Thomas brings extensive experience in national security, defense, and public administration, having served as Deputy Minister of National Defence and Commissioner of the Canadian Coast Guard.
Thomas will stand for election at Electra's Annual General Meeting on October 15, 2025. If approved, she will join a seven-member board, following recent appointments of David Stetson and Gerard Hueber. Her nomination aligns with Electra's strategy to strengthen North America's critical minerals supply chain for electric vehicle batteries.
Electra Battery Materials (NASDAQ: ELBM) has announced significant amendments to its recapitalization and restructuring initiative, focusing on the completion of North America's first battery-grade cobalt sulfate refinery. The company will convert approximately US$41.3 million of outstanding Notes plus accrued interest into about 55 million units at US$0.75 per Unit.
The restructuring will reduce 60% of convertible debt, lowering total debt to US$27.5 million. The remaining 40% will be converted into a new three-year term loan. Each Unit consists of one Common Share and one Warrant, with Warrants exercisable at US$1.25 per share for 36 months. Additionally, the company will issue a one-time bonus of 3,822,341 common shares at US$0.90 per share to the Lenders.
Electra Battery Materials (NASDAQ: ELBM) has announced terms for a US$30 million brokered private placement to support its ongoing financial restructuring. The offering includes a minimum of 40 million units at US$0.75 per unit, with each unit comprising one common share and one purchase warrant exercisable at US$1.25.
The financing, supported by a US$10 million conditional commitment from Lenders, will primarily fund the completion of North America's first battery-grade cobalt sulfate refinery in Temiskaming Shores, Ontario. The offering is expected to close around October 15, 2025, subject to shareholder approval and regulatory clearances.
Proceeds will also advance the company's black mass recycling program, repay US$2 million in promissory notes, and support working capital needs. If proceeds exceed US$34.5 million, excess funds will be used to repurchase senior secured convertible notes.