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 Corporation (NASDAQ: ELBM; TSX-V: ELBM) has successfully completed North America's first plant-scale recycling of black mass material, recovering critical metals like nickel, cobalt, and manganese essential for the EV battery supply chain. This achievement validates Electra's proprietary hydrometallurgical process and allows for the extension of trials beyond the initial 75 tonnes. The company plans to sell recovered materials to third parties while continuing to advance its cobalt refinery project, despite ongoing supply chain challenges. These developments mark a significant milestone in supporting North America's EV battery supply chain.
Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) has successfully closed a US$51 million private placement offering of 8.99% senior secured convertible notes due February 2028. These notes will fund capital expenditures for the expansion of its hydrometallurgical cobalt refinery. The offering allowed the cancellation of approximately US$36 million of existing secured notes. The initial conversion price for the notes is set at US$2.48 per common share, a 17.5% premium to the prior weighted average price. Holders received warrants and a royalty of 0.6% of revenues for five years upon commencement of production.
Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) announced the issuance of US$51 million in 8.99% senior secured convertible notes due February 2028.
The net proceeds of approximately US$15 million will be allocated for capital expenditures related to the expansion of its cobalt refinery near Toronto. The company is also seeking an additional US$7.5 million from the Canadian and Ontario governments to support this project. The initial conversion price of the notes is roughly US$2.48 per common share, representing a 17.5% premium to recent trading prices.
Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) has amended its share purchase agreement with Kuya Silver Corporation to allow Kuya to acquire a 100% interest in Electra's remaining cobalt and silver assets in the Canadian Cobalt Camp. Kuya must pay $1 million by January 31, 2023, either in cash or in shares. The agreement includes a 2% royalty on net smelter returns and gives Electra the right of first offer for refining any base metal concentrates from these assets. This move aims to streamline Electra's focus on its cobalt sulfate refinery and battery materials strategy.
Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) has launched a demonstration plant for recycling valuable elements in lithium-ion batteries at its refinery near Toronto. This initiative aims to support the growing demand for battery-grade materials as electric vehicle adoption increases. The plant can process up to 75 tonnes of black mass materials, with completion expected in Q1 2023. Successful results could lead to a full-scale facility with a capacity of 5,000 tonnes per annum. The company emphasizes its low-carbon hydrometallurgical process, which minimizes environmental impact.
Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) announced the acquisition of a cobalt property near its Idaho projects, enhancing its portfolio in the Idaho Cobalt Belt, which hosts the largest unmined cobalt resource in the U.S. The acquisition includes a 5.3 km² land package adjacent to the Iron Creek deposit, with historic drilling showing promising results, such as 6.25 meters at 0.51% cobalt. The deal, valued at US$1.5 million, involves milestones over ten years. Electra aims to strengthen domestic cobalt supply amid rising EV market demand.
Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) announced the successful closing of its overnight-marketed public offering, raising approximately
Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) reported the voting results of its 2022 annual meeting held on November 10 in Toronto. A total of 6,708,848 shares (20.5% of outstanding shares) were represented. All items proposed were approved, including the re-appointment of KPMG as auditors. Five director nominees were elected with support percentages ranging from 93.14% to 98.55%. Additionally, shareholders approved the 2022 Long-Term Incentive Plan and a new Employee Share Purchase Plan, both awaiting final acceptance from the TSX Venture Exchange.
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