Electra Announces $20 Million Strategic Investment Proposal
Electra Battery Materials Corporation (ELBM)
Company Research
Source: GlobeNewswire
(All amounts in US dollars) TORONTO, Sept. 10, 2024 (GLOBE NEWSWIRE) -- Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra” or the “Company”) today provided an update on its financing strategy for North America’s first battery grade cobalt refinery, announcing that it has received a non-binding term sheet for a $20 million prepayment facility from an arms-length strategic player in the battery materials sector. Several other financing discussions have been advancing alongside this proposal to raise the $60 million for project completion plus amounts for working capital and operations during the construction and commissioning phases. Electra CEO, Trent Mell, commented, "Interest from sophisticated strategic partners indicates strong confidence in Electra, and with the continued support of investors, governments and downstream customers, we are well-positioned to realize our vision of a North American battery materials supply chain." The strategic investmen
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ELBM
News
- Electra Initiates Feasibility Study for Battery Recycling Refinery [Canadian Business Journal (Canada)]Canadian Business Journal
- Electra Initiates Feasibility Study for Battery Recycling RefineryGlobeNewswire
- Electra Confirms Effective Date for Reverse Share Split [Yahoo! Finance]Yahoo! Finance
- Electra Confirms Effective Date for Reverse Share SplitGlobeNewswire
- Electra Announces Marty Rendall as CFO, Succeeding David Allen upon his Retirement [Yahoo! Finance]Yahoo! Finance
ELBM
Sec Filings
- 2/14/25 - Form SCHEDULE
- 1/28/25 - Form 6-K
- 12/30/24 - Form 6-K
- ELBM's page on the SEC website