Electra completes financing and debt restructuring, fully funding north america's first cobalt sulfate refinery

Toronto, oct. 22, 2025 (globe newswire) -- electra battery materials corporation (nasdaq: elbm; tsx-v: elbm), a leader in advancing north america's critical minerals supply chain for lithium-ion batteries, today announced the closing of its us$34.5 million financing and us$40 million debt equitization, marking a major transformation of its balance sheet and funding outlook. with over us$80 million now secured from investors and government commitments, electra has obtained all the capital required to complete construction and commissioning of north america's first cobalt sulfate refinery, a critical asset that will strengthen the region's battery and defense supply chains.
ELBM Ratings Summary
ELBM Quant Ranking