Electra Battery Materials Corporation Common Stock
ELBMElectra Battery Materials Corporation (ELBM) is a Canadian company focused on the development and sustainable production of battery materials, particularly lithium, nickel, and copper. The company operates in the exploration, extraction, and processing of critical minerals essential for electric vehicle batteries and energy storage applications. Electra's flagship projects aim to support the growing demand for renewable energy solutions and the transition to electric mobility.
Company News
Electra Battery Materials is expanding its exploration of cobalt-copper deposits in Idaho, focusing on domestic mineral production to support U.S. critical minerals independence and reduce foreign supply chain reliance.
Electra announced a new 130,000 square foot demonstration facility in Colorado to produce low-carbon, high-purity iron, with strategic purchase agreements from Nucor, Toyota Tsusho, and INTERFER Edelstahl Group, and environmental attribute credit support from Meta.
Battery stocks surged after China announced export controls on advanced lithium battery technologies, with investors anticipating potential supply disruptions and increased value for North American battery material producers.
Electra Battery Materials successfully completed a fully subscribed private placement financing of US$30 million, aimed at advancing North America's first cobalt sulfate refinery in Temiskaming Shores, Ontario.
Electra Battery Materials is restructuring its debt by converting approximately US$41.3 million of secured convertible notes into equity, reducing near-term debt obligations and supporting the construction of North America's first battery-grade cobalt sulfate refinery.
