Electra Battery Materials Corp

Electra Battery Materials Corp. engages in the acquisition, exploration, and development of mineral properties. Its project portfolio includes First Cobalt Refinery, Iron Creek, Greater Cobalt, and The Geology of Cobalt. The company was founded on July 13, 2011 and is headquartered Toronto, Canada.

Earnings data Q2 2022

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Electra Battery Materials Corp. engages in the refining, acquisition, and exploration of resource properties. Its project portfolio includes Iron Creek and Battery Materials Park. The company was founded on July 13, 2011 and is headquartered Toronto, Canada.

TORONTO--(BUSINESS WIRE)--Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra”, or the “Company”) announced today an updated mineral resource estimate (“2023 MRE”) for its Iron Creek Cobalt-Copper Project located in the Idaho Cobalt Belt, a 34-mile-long formation containing some of the largest primary cobalt deposits in North America, that paves the way for additional exploration activities and development of a preliminary economic assessment.

Electra Updates Mineral Resource Estimate at its Iron Creek Cobalt-Copper Project in Idaho

The heavy selling pressure might have exhausted for Electra Battery Materials Corporation (ELBM) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.

Down -16.23% in 4 Weeks, Here's Why Electra Battery Materials Corporation (ELBM) Looks Ripe for a Turnaround

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Cobalt spot prices were down significantly for the month, and LME inventory was down for the month. A shift towards LFP batteries has not helped cobalt demand in China. Cobalt market news - BMI: Cobalt rout continues into 2023 due to limited demand from consumer electronics, a surplus supply from mines, and high inventory levels.

Cobalt Miners News For The Month Of February 2023

Electra Battery Materials Corporation (TSX-V:ELBM, NASDAQ:ELBM) said it has successfully recycled plant-scale black mass material for the first time in North America, using its proprietary hydrometallurgical process at its refinery north of Toronto. Through the process, the company recovered metals including nickel, cobalt, and manganese which are key for the electric vehicle (EV) battery supply chain.

Electra Battery Materials achieves first plant-scale recycling of black mass in North America

TORONTO--(BUSINESS WIRE)---- $ELBM--Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra”, or the “Company”) announced today that it has successfully completed the first plant-scale recycling of black mass material in North America and recovered critical metals, including nickel, cobalt, and manganese, needed for the electric vehicle (EV) battery supply chain using its proprietary hydrometallurgical process at its refinery north of Toronto.

Electra Achieves First Plant-Scale Recycling of Black Mass in North America

Electra Battery Materials Corporation (TSX-V:ELBM, NASDAQ:ELBM) confirmed it has raised US$51 million through a issue of debt securities, covering a refinancing and to support new expansion plans. The company, in a statement, said it is issuing US$51 million of senior secured convertible notes which carry a 8.99% coupon and matures in February 2028.

Electra Battery Materials looks to expansion as it closes US$51M financing

TORONTO--(BUSINESS WIRE)--Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra”, or the “Company”) announced that it has closed its previously announced private placement offering (the “Note Offering”) of US$51 million principal amount of 8.99% senior secured convertible notes due February 2028 (the “Notes”). As part of the transaction, the Company purchased and cancelled all of the outstanding approximately US$36 million principal amount of the Company's existing 6.

Electra Closes US$51 million Secured Convertible Note Offering and Cancels US$36 million of Convertible Notes due 2026

Electra Battery Materials Corporation (TSX-V:ELBM, NASDAQ:ELBM) said it has entered into subscription agreements with investors to issue US$51 million principal amount of 8.99% senior secured convertible notes due February 2028. The processor of low-carbon, ethically-sourced battery materials also said it is in active discussions with the governments of Canada and Ontario, seeking a commitment of up to US$7.5 million in additional total funding to support the recommissioning of its wholly-owned hydrometallurgical cobalt refinery located north of Toronto in Ontario.

Electra Battery Materials announces US$51M convertible note offering

TORONTO--(BUSINESS WIRE)--Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra”, or the “Company”) announced today it has entered into subscription agreements with investors for the issuance (the “Note Offering”) of US$51 million principal amount of 8.99% senior secured convertible notes due February 2028 (the “Notes”). Electra is also in active discussions with the Government of Canada and Government of Ontario, seeking a commitment of up to US$7.

Electra Announces US$51 Million Convertible Note Offering, Intention to Repurchase and Cancel Existing Convertible Notes and Discussions With Respect to Potential Additional Sources of Funding

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Cobalt spot prices were lower for the month, LME inventory was lower for the month. Cobalt market news - BMI anticipates that cobalt prices will fall in early 2023 given surplus forecasts. Project Blue forecasts cobalt prices should strengthen as the year goes on.

Cobalt Miners News For The Month Of January 2023

Electra Battery Materials Corporation (TSX-V:ELBM, NASDAQ:ELBM) has released its inaugural sustainability report outlining its progress on environmental, social, and governance (ESG) matters in 2022 and commitments to sustainable, low-carbon production of battery-grade materials at its refinery complex north of Toronto. The processor of low-carbon, ethically-sourced battery materials told investors 2022 was marked by considerable progress on several ESG fronts.

Electra Battery Materials commits to net-zero greenhouse emissions by 2050 as it releases inaugural sustainability report

TORONTO--( BUSINESS WIRE )--Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra” or the “Company”) today released its inaugural Sustainability Report outlining the Company's progress on environmental, social, and governance (“ESG”) matters in 2022 and commitments to sustainable, low-carbon production of battery grade materials at its refinery complex north of Toronto.

Electra Releases Inaugural Sustainability Report, Committing to Net-Zero Greenhouse Emissions by 2050

Electra Battery Materials Corporation (TSX-V:ELBM, NASDAQ:ELBM) said it has signed an amendment to its 2021 share purchase and option agreement with Kuya Silver Corporation involving silver and cobalt exploration assets in the Canadian Cobalt Camp, which in effect means that the company is disposing non-core Canadian mineral properties while retaining royalty interest.  “Our initial agreement with Kuya was designed to allow us to maximize shareholder value for our exploration assets in Ontario, given our primary focus on recommissioning North America's first cobalt sulfate refinery,” Trent Mell, Electra's CEO said in a statement.

Electra Battery Materials Corp signs amendment to agreement with Kuya Silver Corp

TORONTO--( BUSINESS WIRE )--Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra” or the “Company”) today announced it has signed an amendment (the “Amendment”) to a 2021 share purchase and option agreement with Kuya Silver Corporation (“Kuya”) relating to silver and cobalt exploration assets in the Canadian Cobalt Camp (the “Assets”).

Electra Disposes of Non-Core Canadian Mineral Properties; Retains Royalty Interest

Electra Battery Materials Corp announced the launch of a demonstration plant designed to recover high-value elements found in lithium-ion batteries, which it expects to complete in the first quarter of 2023.  The company said it would process up to 75 tonnes of black mass material in a batch mode using its proprietary hydrometallurgical process.

Electra Battery Materials expects to complete black mass demonstration plant in first quarter of 2023

TORONTO--( BUSINESS WIRE )--Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra”) today announced the launch of a demonstration plant designed to recover and recycle high-value elements found in lithium-ion batteries, including nickel, cobalt, lithium, copper, and graphite at its refinery complex north of Toronto.

Electra Launches Battery Materials Recycling Demonstration Plant at its Ontario Refinery Complex

TORONTO--( BUSINESS WIRE )--Please replace the release with the following corrected version due to revisions in the "CAS Property" section (second paragraph, last sentence) and "Iron Creek and Ruby Drilling" section (second paragraph). Please also replace image captions with the revised captions.

CORRECTING and REPLACING Electra Acquires New Cobalt Project and Provides Update on Exploration Activities in Idaho

Electra Battery Materials Corporation (TSX-V:ELBM, NASDAQ:ELBM) has announced the acquisition of the CAS cobalt property, which is adjacent to its projects in Idaho, with historic drill results that included 6.3 metres (m) of 0.5% cobalt and 7.5 parts per million (ppm) gold from 77.5m to 83.8m.   The processor of low-carbon, ethically-sourced battery materials also said permitting is underway for a 10-year, 92 drill pad plan of operations with the US Department of Agriculture's Forest Service (USFS) to conduct systematic exploration at camp scale on the Iron Creek, Ruby, and CAS targets, as well as additional exploration targets within Electra's 32.6 square kilometre land package.

Electra Battery Materials acquires new cobalt property and provides update on Idaho exploration activities

TORONTO--( BUSINESS WIRE )--Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra” or the “Company”) today announced the acquisition of a cobalt property in proximity to the Company's projects in Idaho and provided an update on exploration activities in the Idaho Cobalt Belt, home to the largest unmined cobalt resource in the U.S.

Electra Acquires New Cobalt Project and Provides Update on Exploration Activities in Idaho

Electra Battery Materials Corporation (TSX-V:ELBM, NASDAQ:ELBM) has raised US$5.5 million after closing its previously announced public offering which was led by Cantor Fitzgerald. The offering of units in Electra, which is a processor of low-carbon, ethically sourced battery materials, was priced at US$2.35 per unit with each unit comprising one common share of the company and one common share purchase warrant.

Electra Battery Materials raises US$5.5M to fund expansion and development of cobalt refinery

TORONTO--( BUSINESS WIRE )--Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra” or the “Company”) is pleased to announce that it has closed its previously announced overnight-marketed public offering (the “Offering”) of units of the Company (the “Units”) on a best efforts basis at a price of US$2.35 per Unit for gross proceeds of approximately US$5.5 million (~CAD$7.4 million). Each Unit comprises one common share in the capital of the Company (each, a “Common Share”) and one Common Share purchase warrant (each, a “Warrant”). Each Warrant entitles the holder to purchase one Common Share at a price of US$3.10 at any time on or before the date that is 36 months after the closing date of the Offering.

Electra Closes US$5.5 Million Public Equity Offering

TORONTO, Ontario--( BUSINESS WIRE )--Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra” or the “Company”) today announced voting results of its 2022 annual meeting of shareholders held yesterday, November 10, in Toronto.

Electra Announces Voting Results of its 2022 Annual Meeting of Shareholders

The only asset of its kind in North America, Electra's commercial scale cobalt refinery, in Ontario, Canada, will open in Spring 2023. The IRA may give Electra a significant boost. Electra ticks many boxes for investors including a safe location (Canada), refining valuable battery metals (cobalt, nickel & manganese), and recycling batteries' black mass to produce lithium, nickel, cobalt,& graphite.

Electra Battery Materials Looks Set To Be A 2023 Cobalt Refiner And Battery Materials Recycler In Canada

Electra Battery Materials Corporation (NASDAQ:ELBM ) Q3 2022 Earnings Conference Call November 10, 2022 9:00 AM ET Company Participants Joe Racanelli - Vice President, Investor Relations Trent Mell - Chief Executive Officer Craig Cunningham - Chief Financial Officer Mark Trevisiol - Vice President, Project Development Conference Call Participants Jake Sekelsky - Alliance Global Partners Operator Thank you for standing by. This is the conference operator.

Electra Battery Materials Corporation (ELBM) Q3 2022 Earnings Call Transcript

Electra Battery Materials Corporation (TSX-V:ELBM, NASDAQ:ELBM) said it has progressed considerably on its strategy and each of its primary objectives during 3Q, with the Inflation Reduction Act proving to be an important tailwind for the battery materials company's near-term prospects. Operational highlights for the quarter ended September 30, 2022, include the signing of a three-year definitive agreement to supply 7,000 tonnes of battery-grade cobalt to electric vehicle battery manufacturer LG Energy Solution and progress toward the launch of a black mass recycling demonstration plant at its Ontario refinery complex.

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