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 Corp (ELBM) drives innovation in sustainable battery material production, specializing in North American cobalt refining for electric vehicle supply chains. This resource provides investors and industry stakeholders with timely updates on strategic initiatives shaping the clean energy transition.
Access authoritative coverage of ELBM's operational milestones, including refinery developments, partnership announcements, and sustainability progress. Our curated news collection simplifies tracking of material processing advancements and supply chain innovations critical to EV manufacturing.
Key updates include quarterly performance summaries, ESG initiative disclosures, and technology adoption reports. All content undergoes rigorous verification to ensure alignment with factual corporate communications and regulatory filings.
Bookmark this page for streamlined monitoring of ELBM's role in building ethical battery material ecosystems. Regular updates provide insights into North America's growing capacity for low-carbon critical mineral processing.
Electra Battery Materials (NASDAQ: ELBM; TSX-V: ELBM) held its 2024 annual general and special meeting of shareholders on August 13 in Toronto. 23.6% of the company's issued and outstanding Common Shares were represented. Shareholders approved all items of business, including the appointment of MNP LLP as external auditors and the election of four director nominees. The 2022 Amended and Restated LTIP was approved, increasing the number of awards issuable, with a total of 7,319,847 Common Shares now reserved for issuance. The Employee Share Purchase Plan was also approved, with a maximum of 1,000,000 Common Shares reserved. Both plans are subject to final acceptance by the TSX Venture Exchange.
Electra Battery Materials (NASDAQ: ELBM; TSX-V: ELBM) has announced a new copper showing near its Iron Creek Project in Idaho and provided updates on its exploration activities. Key highlights include:
1. Discovery of the Malachite Hill Copper Showing on the Redcastle Agreement claims.
2. Extension of the Redcastle Property Agreement's main exploration expenditure commitments by two years.
3. Application for a 10-year exploration permit for drilling activities.
4. Updated Mineral Resource Estimate for the Iron Creek Project, including 18.4 million pounds of cobalt and 71.5 million pounds of copper in the Indicated category.
The company aims to maximize the value of its Idaho assets while focusing on completing its cobalt refinery project in Ontario.
Li-Cycle Holdings Corp. (NYSE: LICY) has appointed Craig Cunningham as its permanent Chief Financial Officer (CFO), effective July 20, 2024. Cunningham, who has served as interim CFO since March 2024, brings nearly two decades of experience in accounting, finance, operations, and capital markets, with a strong background in the battery materials and mining sectors. His appointment comes as Li-Cycle continues to execute key objectives, including working with the U.S. Department of Energy on financing documentation for a potential loan and reviewing the Rochester Hub project. Cunningham's experience includes roles at Electra Battery Materials and Kinross Gold , positioning him to support Li-Cycle's growth and strategic priorities in the lithium-ion battery resource recovery industry.
Electra Battery Materials has received $5 million from Natural Resources Canada to advance its proprietary battery metals recycling technology. In 2023, the company processed over 40 tonnes of battery scrap, producing high-quality nickel, cobalt, and lithium. The funding will support continuous demonstration of the scalability and profitability of Electra's hydrometallurgical process. The project will take place at the company's facility in Temiskaming Shores, Ontario. This initiative is part of Electra's growth strategy, alongside the construction of North America's only cobalt sulfate refinery. The recycling technology could significantly impact the EV supply chain by reducing greenhouse gas emissions and reliance on foreign minerals.
Electra Battery Materials (NASDAQ: ELBM; TSX-V: ELBM) has announced the filing of its first quarter 2024 financial reports. CEO Trent Mell emphasized the company's commitment to non-dilutive opportunities to resume and complete the construction of its cobalt sulfate refinery in Ontario. The company is also exploring new growth opportunities, including a black mass primary recycling facility and a second cobalt refinery in Quebec. Electra aims to meet the growing demand for locally sourced nickel sulfate in North America. The refinery's recommissioning project targets an initial capacity of 5,000 tonnes per annum of battery cobalt, with potential expansion to 6,500 tonnes. The company has also processed over 40 tonnes of black mass material for recycling. Despite a cash balance of C$5.6M, Electra needs approximately US$60 million to complete the refinery's construction.
Electra Battery Materials provided an update on its Refinery project and filed its 2023 financial reports, aiming to become the first refiner of battery grade cobalt sulfate in North America. The company achieved several milestones in 2023, including expanding agreements with LG Energy Solution and Eurasian Resources Group, securing investments from the Government of Canada, and focusing on battery recycling. Despite facing challenges like a Nasdaq compliance issue, Electra remains committed to its long-term strategy for the battery materials complex and refinery expansion.
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