Electra Battery Materials Corp Stock Price, News & Analysis

Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) reported its financial results for Q4 and FY2022, highlighting substantial progress in its cobalt sulfate refinery and black mass recycling trial. In Q4 2022, net income reached $10.3 million, a significant recovery from a net loss of $15.5 million in Q4 2021. The company signed a three-year agreement with LG Energy Solution for 7,000 tonnes of cobalt and also completed a successful trial of black mass recycling, recovering critical battery materials. Despite supply chain disruptions and inflationary pressures, Electra is optimistic about future expansions and improvements in its production capabilities.

Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) will announce its fourth quarter 2022 financial results after market close on April 4, 2023. A conference call and webcast will be held on April 5, 2023, at 8:30 am ET to discuss the results and near-term outlook. Electra is focused on processing low-carbon, ethically-sourced battery materials and is commissioning North America's only cobalt sulfate refinery while expanding operations in Quebec and Idaho. The call can be accessed via North American and international dial-in numbers or through their webcast.

Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) announced the postponement of its conference call and webcast initially set for today, pending the filing of its fourth quarter and year-end financial results for 2022. The Company expects to release these results on or before April 5, 2023, at which point a new date and time for the conference call will be announced. Electra is focused on processing low-carbon, ethically-sourced battery materials and is commissioning North America's only cobalt sulfate refinery, as part of its strategy to strengthen the electric vehicle supply chain.

Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) is set to release its fourth quarter 2022 financial results on March 31, 2023. A conference call will be held on April 3, 2023, at 10:00 am ET to discuss the performance and outlook. The company is focused on onshoring the electric vehicle supply chain, advancing its cobalt sulfate refinery, and expanding operations in Quebec. Electra aims to integrate black mass recycling and nickel sulfate production in its strategy.

For further details, visit ElectraBMC.com.

Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) announced successful lithium recovery from black mass in its refinery trial near Toronto. This process validates Electra's proprietary hydrometallurgical technique, crucial for the EV battery supply chain. CEO Trent Mell highlighted that this achievement significantly enhances the economics of Electra's recycling strategy and reduces the carbon footprint associated with EV manufacturing. The company aims to commercialize this process and expects domestic demand for recoverable battery materials to rise by 20% annually until 2040.

Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) announced the issuance of stock options, Restricted Share Units (RSUs), and Deferred Share Units as part of its 2022 Long-Term Incentive Plan approved by shareholders on November 10, 2022. The Company issued 421,007 stock options, 313,409 RSUs, and 285,417 Deferred Share Units to various key personnel. The stock options, priced at $2.40, will vest over three years. These grants align the interests of key employees with shareholders and serve as retention tools. Electra is advancing its cobalt sulfate refinery while expanding its battery materials production.

Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) has announced an updated mineral resource estimate for its Iron Creek Cobalt-Copper Project in the Idaho Cobalt Belt. The 2023 mineral resource estimate (MRE) includes an indicated resource of 4.4 million tonnes with 18.4 million pounds of cobalt and 71.5 million pounds of copper. Additionally, it features an inferred resource of 1.2 million tonnes, showcasing an increase in the indicated category by 54% compared to 2019. The MRE supports further exploration and economic assessment efforts, addressing the growing demand for cobalt in North America.