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0 0 0 0 -0.00645161290322567 0.0129032258064516 -0.00645161290322567 -0.0193548387096773
Stock impact report

Electra Provides Corporate Update

Electra Battery Materials Corporation (ELBM) 
Company Research Source: GlobeNewswire
TORONTO, March 06, 2025 (GLOBE NEWSWIRE) -- Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra” or the “Company”) announces an agreement with the holders of its senior secured debt that enhances the Company’s financial flexibility. Under this agreement, lenders have agreed to defer all interest payments until February 15, 2027, allowing Electra to invest its capital towards completing its cobalt refinery rather than debt servicing. The agreement, entered into on March 5, 2025, covers all outstanding 8.99% senior secured convertible notes (the “2028 Notes”) and 12% senior secured convertible notes (the “2027 Notes”), collectively referred to as the “Notes”. As consideration for this deferral, Electra will pay additional interest of 2.25% per annum on the 2028 Notes and 2.5% per annum on the 2027 Notes, calculated on the principal amounts of the Notes. All deferred interest, including deferred amounts of additional interest, will accrue interest at the applic Show less Read more
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