Electra Announces $20 Million Strategic Investment Proposal [Financial Post (Toronto, Ontario, Canada)]

Electra Battery Materials Corporation (ELBM)
Company Research
Source: Financial Post
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 i
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ELBM
News
- Electra Provides Corporate UpdateGlobeNewswire
- Alden Greenhouse Joins Electra Board of DirectorsGlobeNewswire
- Gold-Rich Cobalt-Copper Mineralization at CAS Property Strengthens Electra’s Idaho Exploration StrategyGlobeNewswire
- Electra Initiates Feasibility Study for Battery Recycling Refinery [Canadian Business Journal (Canada)]Canadian Business Journal
- Electra Initiates Feasibility Study for Battery Recycling RefineryGlobeNewswire
ELBM
Sec Filings
- 3/6/25 - Form 6-K
- 2/25/25 - Form 6-K
- 2/20/25 - Form 6-K
- ELBM's page on the SEC website