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

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.
ELBM Ratings Summary
ELBM Quant Ranking