Electra Battery MaterialsNASDAQ: ELBM

(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.

TORONTO, Aug. 29, 2024 (GLOBE NEWSWIRE) -- Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra” or the “Company”) is pleased to announce, in support of its strategic plans to build a North American battery materials supply chain, the Company has signed a strategic advisory agreement with Altitude Capital Consultants Inc. (“Altitude”), based in Toronto, Ontario and led by renowned Canadian capital markets and investment banking experts Michael Wekerle and Gene McBurney, to provide capital markets strategy and analysis of market opportunities.

TORONTO--(BUSINESS WIRE)---- $ELBM--Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra” or the “Company”) today announced voting results of its 2024 annual general and special meeting of shareholders held today, August 13, in Toronto. A total of 13,467,376 common shares in the capital of the Company (“Common Shares”), or 23.6% of Electra's issued and outstanding Common Shares were represented in person or by proxy at the meeting. Shareholders voted in favour of all items of busin.

TORONTO--(BUSINESS WIRE)---- $ELBM--Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra” or the “Company”) today announced that it has received $5 million in contribution funding from Natural Resources Canada to support the development of its proprietary battery materials recycling technology. In 2023, the Company successfully operated a battery materials recycling demonstration plant in a batch process at its refinery complex, processing more than 40 tonnes of end-of-life battery.

Electra Battery Materials Corporation (ELBM) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Electra Battery Materials Corporation (TSX-V:ELBM, NASDAQ:ELBM) said it made progress with the first plant-scale recycling of black mass material in North America using its proprietary hydrometallurgical process in the second quarter of its financial year.  Releasing for the three months to June 30, 2023, the company said progress was marked by high recoveries of critical metals, including lithium, nickel, cobalt, copper, manganese, and graphite, needed for the EV battery supply chain, and the production of high-quality nickel-cobalt mixed hydroxide, graphite, and lithium carbonate products.

Electra Battery Materials Corporation (TSX-V:ELBM, NASDAQ:ELBM) has closed its previously announced brokered private placement and concurrent non-brokered private placement for total gross proceeds of $21.5 million, the company announced.  The company issued 15 million units at a price of $0.10 each, for proceeds of $16.5 million.

Electra Battery Materials Corporation (TSX-V:ELBM, NASDAQ:ELBM) said that due to significant investor demand, it has increased the brokered portion of its previously-announced private placement financing from $10 million to $15 million by selling up to 13,636,364 company units at a price of $1.10 per unit.  The company said the balance of the financing will be completed on a non-brokered private placement basis, which will be placed with holders of its senior secured convertible notes, to raise gross proceeds of $5.0 million on the same terms as the brokered portion.

Electra Battery Materials (NASDAQ: ELBM ) stock is on the rise Tuesday as the company's shares continue to rally on a cobalt supply agreement. According to a press release from Electra Battery Materials, it has extended a supply agreement for battery-grade cobalt with LG Energy Solution.