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0 0.000181851245681013 0.000181851245681013 -0.0180032733224223 0.00290961993089641 -0.0180032733224223 -0.0361883978905256 -0.0358246953991636
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Electra Announces US$5 Million Financing [Canadian Business Journal (Canada)]

Electra Battery Materials Corporation (ELBM) 
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICESTORONTO, Oct. 25, 2024 (GLOBE NEWSWIRE) —Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM)CompanyExisting NotesFinancing“Given our objective of resuming construction shortly upon completing the project financing package, part of our preparations for the final phase of construction of North America’s only cobalt sulfate refinery is initiating some early works before winter sets in,” said Electra CEO, Trent Mell. “This liquidity strengthens our balance sheet as we work to complete this package, and we are grateful for our lenders’ ongoing support of our business plan.”“Reducing heavy reliance on China in the EV materials supply chain continues to be a focus for North American policymakers,” Mell continued. “Electra’s Refinery is expected to be the first of its kind in North America, with the potential, when operating at full utilization, to produce enough cobalt sulfate for one millio Show less Read more
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