Electra Announces $20 Million Strategic Investment Proposal
- (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.
- 09/10/2024
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Electra to Discuss Partnership Opportunities at Indonesian Critical Minerals Summit
- TORONTO, Aug. 30, 2024 (GLOBE NEWSWIRE) -- Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra” or the “Company”) is pleased to announce its participation in Indonesia's first critical minerals conference, Fastmarket's International Critical Minerals and Metals Summit: Indonesia. The summit will bring together industry leaders, policymakers, and stakeholders to discuss Indonesia's role in the global energy transition. Electra's participation will underscore the opportunities to develop sustainable nickel and cobalt supply chains for the North American battery materials sector.
- 08/30/2024
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Electra Engages Altitude Capital Consultants
- 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.
- 08/29/2024
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Cobalt Miners News For The Month Of August 2024
- Cobalt spot prices were lower for the month. Supply surge pushes Chinese cobalt metal prices to eight-year low. Cobalt market news - US military announces $20m grant to build cobalt refinery in Canada (see Electra news). Cobalt miners news - Glencore H1, 2024 cobalt production was down 27%. Jinchuan Group decided to temporarily cease the cobalt production in late May 2024 due to low prices.
- 08/24/2024
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Electra Awarded $20 Million from U.S. Department of Defense Under the Defense Production Act
- TORONTO--(BUSINESS WIRE)--Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra” or the “Company”), a processor of low-carbon, ethically-sourced battery materials, announced today that it has been awarded $20 million by the U.S. Department of Defense. The award was made pursuant to Title III of the Defense Production Act (DPA) to expand domestic production capability and is funded through the Additional Ukraine Supplemental Appropriations Act. The funds will support the co.
- 08/19/2024
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Electra Announces Agreement Regarding Outstanding Convertible Notes Interest and Filing of Second Quarter 2024 Financial Reports
- TORONTO--(BUSINESS WIRE)---- $ELBM--Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra” or the “Company”) is pleased to announce that the Company and the holders of US$51 million principal amount of 8.99% senior secured convertible notes have agreed that all accrued interest owing to August 15, 2024, on the convertible notes will be “paid-in-kind,” not in cash, and added to the outstanding principal amount of the notes. As a result of this agreement, the Company will issue additi.
- 08/14/2024
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Electra Announces Voting Results of its 2024 Annual Meeting of Shareholders
- 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.
- 08/13/2024
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Electra Awarded $5 Million from Government of Canada to Advance Development of Proprietary Battery Metals Recycling Technology
- 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.
- 06/10/2024
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Electra Files First Quarter 2024 Financial Reports
- TORONTO--(BUSINESS WIRE)--Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra” or the “Company”) today announces the filing of their first quarter 2024 financial reports. “Over the course of the quarter we have remained committed to pursuing non-dilutive opportunities to resume and complete the construction of our cobalt sulfate refinery in Ontario, and to engage with funding agencies and strategic partners in support of this goal,” said Electra CEO, Trent Mell. “At the.
- 05/22/2024
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Electra Provides Refinery Update and Files 2023 Financial Reports
- TORONTO--(BUSINESS WIRE)--Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra” or the “Company”) today provided an update on its Refinery project and announced the filing of their full year 2023 financial reports. Electra continues to move ahead with its plans to become the first refiner of battery grade cobalt sulfate in North America by recommissioning and expanding its Refinery, located in Temiskaming Shores, Ontario, Canada. Once commissioned, the facility will produ.
- 05/13/2024
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Nickel Miners News For The Month Of April 2024
- Nickel spot prices were significantly higher the last month. Nickel market news - US & UK prohibit import of Russian-origin aluminum, copper, and nickel. The U.S. Loans Program Office has added supply/production of critical minerals to the list. Nickel company news - Ardea, Sumitomo Metal Mining (SMM) and Mitsubishi Corporation [MC] to form a JV to develop the Kalgoorlie Nickel Project (KNP) – Goongarrie Hub.
- 05/02/2024
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Cobalt Miners News For The Month Of April 2024
- Cobalt spot prices were slightly lower for the month. LME inventory was unchanged for the month. Cobalt market news - S&P Global - Cobalt metal market was seen oversupplied through Q2 as demand subdued. Cobalt miners news - Glencore and EVelution sign LOI for 7ktpa of cobalt supply in the US. Huayou Cobalt's profit slumps 49% in First Quarter on battery metals rout.
- 04/25/2024
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Electra and Eurasian Resources Group Sign Cobalt Supply Agreement
- TORONTO--(BUSINESS WIRE)---- $ELBM--Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra”, “Company”) and Eurasian Resources Group S.A.R.L. (“ERG”), a leading diversified natural resources group headquartered in Luxembourg, announced today that they have signed a binding letter of intent for long-term supply of ERG's cobalt hydroxide to North America's first battery grade cobalt sulfate refinery. The agreement, effective April 1, 2024, supports efforts to onshore the battery supply.
- 04/02/2024
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Nickel Miners News For The Month Of March 2024
- Nickel spot prices were lower the last month and remain very low causing distress to the nickel miners. Nickel market news - Macquarie - Nickel market surplus just 36,000t this year. Nickel prices may soon recover from Indonesia-induced slump. Nickel company news - Vale to build another $2B HPAL plant in Indonesia. BHP has stood down around a quarter of the workforce building its $1.7B West Musgrave Nickel Project.
- 03/29/2024
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Cobalt Miners News For The Month Of March 2024
- Cobalt spot prices were flat for the month. LME inventory was flat for the month. Cobalt market news - Elliott Management's Hyperion to seek billion-dollar mining assets as metals demand grows, including metals for EVs and renewable energy. Cobalt miners news - CMOC's 2023 preliminary revenue increased by 7.68% YoY. Jinchuan Group International Resources cobalt sales down 53% YoY and cobalt revenue down 76% YoY.
- 03/24/2024
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Electra Receives Extension from NASDAQ to Resolve Minimum Price Requirement
- TORONTO--(BUSINESS WIRE)---- $ELBM--Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra” or the “Company”) announced today it has received an additional 180-days notice (the “Extension”) from The Nasdaq Stock Market LLC (“Nasdaq”) to regain compliance with the minimum bid price requirement ("Minimum Bid Requirement") of US$1.00 per share under Nasdaq's Listing Rule 5550(a)(2). The Extension has no immediate effect on the listing or trading of the Company's common shares (the “Shar.
- 03/21/2024
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Electra Provides Corporate Update
- TORONTO--(BUSINESS WIRE)---- $ELBM--Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra” or the “Company”) is pleased to announce that the Company has received the approval of the TSX Venture Exchange to issue common shares in the capital of the Company (the “Shares”) in satisfaction of US$400,732 of interest payable to certain of the holders of US$51 million principal amount of 8.99% senior secured convertible notes (the “Notes”) pursuant to the terms of the previously announced.
- 03/13/2024
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Nickel Miners News For The Month Of February 2024
- Nickel spot prices were higher for the last month. Morgan Stanley suggests the possibility nickel (price) is close to a trough “looks increasingly likely". Nickel market news - EU, US to align global minerals push against China's supply grip. US moves to restore stockpiling ‘panic button' in EV metals fight with China. Nickel company news - BHP writes down value of Australian nickel assets after nickel price collapse. Eramet achieves a new record for nickel ore volumes in Indonesia (+72%) in 2023.
- 03/01/2024
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Electra Provides Corporate Update
- TORONTO--(BUSINESS WIRE)--Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra” or the “Company”) is pleased to announce that the Company and the holders (the “Noteholders”) of US$51 million principal amount of 8.99% senior secured convertible notes (the “Notes”) have entered into an agreement (the “Waiver”) whereby the Noteholders have agreed, subject to certain conditions, to a postponement in the unpaid payment of interest on the Notes payable on the August 15, 2023 an.
- 02/27/2024
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Electra Participating in Upcoming North American Critical Minerals Industry & Investment Events
- TORONTO--(BUSINESS WIRE)---- $ELBM--Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra”, “Company”) is pleased to announce senior management will be participating in the several investment and industry conferences: BMO Global Metals, Mining & Critical Minerals Conference, February 25-28 CEO, Trent Mell, will be available for one-on-one meetings with institutional and industry peers throughout the conference to discuss Electra's near-term plans. Red Cloud's Pre-PDAC Showcase –.
- 02/24/2024
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Electra Provides Corporate Update
- TORONTO--(BUSINESS WIRE)---- $ELBM--Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra”, “Company”) announced today that in accordance with its Long-Term Incentive Plan approved by shareholders at its October 24, 2023 annual general meeting, the Company has issued 3,150,225 incentive stock options (the “Options”) and 104,938 restricted share units (“RSU”) to certain directors, officers, employees, and contractors of the Company. The Company will also settle (the “Share Settlement.
- 02/12/2024
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Electra Receives $5 Million Grant from Government of Canada to Support the Development of the North American Electric Vehicle Supply Chain
- TORONTO--(BUSINESS WIRE)---- $ELBM--Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra”, “Company”) today announced that it has received a $5 million investment from the Government of Canada towards the construction of North America's first cobalt sulfate refinery. Located in Temiskaming Shores, Ontario, the facility will produce approximately five percent of the global supply of battery grade cobalt needed for electric vehicles. The investment will be provided in the form of a g.
- 02/09/2024
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Electra Provides Update on Black Mass Recycling
- TORONTO--(BUSINESS WIRE)---- $ELBM--Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra” or the “Company) today provided an update on its battery materials recycling trial taking place at the Ontario refinery complex. Recent optimizations have resulted in additional improved recoveries of lithium, nickel, cobalt and other critical minerals, further bolstering the quality of saleable products. At this time, the plant-scale black mass recycling trial is largely complete, and the Com.
- 02/05/2024
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Nickel Miners News For The Month Of January 2023
- Nickel spot prices were flat for the last month. Nickel market news - Macquarie forecasts surpluses for the nickel market all the way out to 2027. Fastmarkets - Surge in nickel production capacity to lead to structural oversupply. Nickel company news - BHP warns on the impact of low nickel prices. IGO decides to put Cosmos Nickel Project into care and maintenance.
- 02/01/2024
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Electra Appoints Heather Smiles as Vice President, Investor Relations & Corporate Development
- TORONTO--(BUSINESS WIRE)---- $ELBM--Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra” or the “Company”) is pleased to announce the appointment of Heather Smiles as Vice President, Investor Relations and Corporate Development. In her role, Heather will be responsible for building and maintaining a strategic investor relations program and contributing to the advancement of our Company's vision of becoming the leading North American refinery for electric vehicle battery materials.
- 01/15/2024
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Nickel Miners News For The Month Of December 2023
- Nickel spot prices were flat for the last month. Low nickel prices leads to BHP issuing dire warning on nickel mines. 2024 nickel supply is set to outpace growth, which will suppress prices and exert pressure on producers' margins. In nickel company news - Panoramic Resources collapses into Voluntary Administration. Premium Nickel Resources drills 10.45 metres of 1.45% NiEq.
- 12/31/2023
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Electra Appoints 30-year Finance Veteran as CFO and Provides Financing Update
- TORONTO--(BUSINESS WIRE)---- $ELBM--Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra” or the “Company”) is pleased to announce that Mr. David Allen, CPA, CA, has been appointed as Chief Financial Officer of the Company. “David brings tremendous experience and a proven record of strategic decision making. He will be a valuable contributor in guiding our Company forward as we complete construction of the first battery materials refinery in North America,” said CEO Trent Mell. “St.
- 12/29/2023
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Cobalt Miners News For The Month Of December 2023
- Cobalt spot prices were lower for the month. LME inventory was flat for the month. Cobalt market news - U.S. releases FEOC rules. U.S. to create a critical mineral 'Resilient Resource Reserve' to "sustain" the price of a critical mineral when prices fall (includes cobalt). Cobalt miners news - Glencore's Mutanda mine to produce less cobalt on ore depletion - sources. GEM Co and GAC Group signed a Strategic Cooperation Agreement.
- 12/23/2023
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Electra Appoints Metallurgist with 30 Years of Experience as VP of Technology
- TORONTO--(BUSINESS WIRE)---- $ELBM--Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra”) today announced that George Puvvada, Ph.D., P.Eng., PMP, was appointed Vice President of Metallurgy and Technology effective today. Dr. Puvvada, who brings 30 years of experience developing effective flowsheets for recovering metals from complex formations and completing large-scale projects with some of the mining industry's largest companies, including Cameco, Xstrata, Vale, and Inco. Dr. P.
- 12/05/2023
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Cobalt Miners News For The Month Of November 2023
- Cobalt spot prices were flat for the month. LME inventory was flat for the month. Cobalt market news - Government of Canada to enhance critical minerals sector with launch of $1.5 billion Critical Minerals Infrastructure Fund. Cobalt miners news - Glencore own sourced cobalt production of 32,500 tonnes was in line with the comparable 2022 period. Alliance Nickel Resource update has resulted in a 9.6% increase.
- 11/26/2023
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Electra Postpones Third Quarter 2023 Results Conference Call and Webcast
- TORONTO--(BUSINESS WIRE)--Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra”) today announced that the Company has postponed its conference call and webcast previously scheduled for November 15, 2023 pending the filing and release of its third quarter results for 2023. The Company anticipates filing its third quarter financial results on or before Friday November 17, 2023 and will announce the new date and time of its conference call and webcast accordingly. About Elec.
- 11/14/2023
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Electra Provides Notice of Third Quarter 2023 Results Conference Call and Webcast
- TORONTO--(BUSINESS WIRE)---- $ELBM--Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra”) will release its third quarter 2023 financial results after market close on November 14, 2023. Senior management will host a conference call and webcast on November 15, 2023 at 8:00 am ET to review Electra's third quarter performance and discuss near-term outlook. Dial-in and Webcast Details: - North American dial-in number: 1-800-319-4610 - International dial-in number: 1-416-915-3239 - Webc.
- 11/10/2023
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Cobalt Miners News For The Month Of September 2023
- Cobalt spot prices were flat for the month. LME inventory was about the same for the month. Cobalt market news - Fastmarkets: Low demand, oversupply weigh on cobalt market as the market shifts towards LFP batteries with no cobalt. S&P Global forecasts cobalt deficit in 2027. Cobalt miners news - CMOC could overtake Glencore with cobalt production boost. Huayou Cobalt, Vale commits to Indonesian Huali MHP project.
- 09/22/2023
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Nickel Miners News For The Month Of August 2023
- Nickel spot prices were lower the last month. Nickel market news - BHP: "Turning to the longer term, we believe that nickel will be a substantial beneficiary of the global electrification mega–trend." Nickel company news - Glencore announces US$1.2 billion share buyback program. Horizonte Minerals' Araguaia Nickel Project now 65% complete.
- 08/31/2023
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Electra Battery Materials Corporation (ELBM) Upgraded to Buy: Here's What You Should Know
- 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).
- 08/23/2023
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Electra Battery Materials prepares to accelerate black mass recycling strategy following 2Q progress
- 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.
- 08/18/2023
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Electra Battery Materials closes $21.5M private placement to fund black mass recycling strategy
- 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.
- 08/11/2023
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Electra Battery Materials upsizes brokered private placement due to investor demand
- 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.
- 08/03/2023
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Why Is Electra Battery Materials (ELBM) Stock Up 70% Today?
- 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.
- 07/25/2023
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Electra Battery Materials extends battery grade cobalt supply agreement with LG Energy Solution
- Electra Battery Materials Corporation (TSX-V:ELBM, NASDAQ:ELBM) said its battery-grade cobalt supply agreement with LG Energy Solution has been extended and expanded from terms initially announced in September 2022. “LG Energy Solution continues to strengthen its position as a global leader in the electric vehicle supply chain through its investments in Ontario and active collaboration with Canadian companies developing critical minerals and battery materials,” Trent Mell, CEO of Electra, said in a statement.
- 07/24/2023
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Electra Battery Materials reports first customer shipment produced at refinery complex
- Electra Battery Materials Corporation (TSX-V:ELBM, NASDAQ:ELBM) has announced the first customer shipment of nickel-cobalt produced at its refinery complex north of Toronto from recycled battery material. The achievement marks a significant milestone in the company's efforts to commercialize its black mass refining capabilities.
- 07/17/2023
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Electra Battery Materials to raise up to $10M for cobalt refinery, black mass recycling
- Electra Battery Materials Corporation (TSX-V:ELBM, NASDAQ:ELBM) has announced a private placement for gross proceeds of up to $10 million to advance its black mass recycling strategy and cobalt refinery. The company said in a statement that it has entered into an agreement with Red Cloud Securities as lead agent and sole bookrunner on behalf of a syndicate of agents for the sale of up to 9,090,909 units of the company at a price of $1.10 per unit.
- 07/12/2023
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Nickel Miners News For The Month Of June 2023
- Nickel spot prices were lower last month. Nickel market news - BMI forecasts a nearly 2 million tonne nickel supply gap by 2030 and says nickel requires the largest critical mineral investment of $66 billion. Nickel company news - Nickel Industries conditional 19.99% placement to PT United Tractors Tbk raises A$943m. Poseidon Nickel updated Black Swan disseminated Resource of 26.3Mt at 0.72% nickel.
- 06/30/2023
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Electra Battery Materials says Three Fires Group ready to invest up to C$20M in battery materials park
- Electra Battery Materials Corporation (TSX-V:ELBM, NASDAQ:ELBM) said Three Fires Group Inc has committed to invest up to C$20 million in its battery materials park north of Toronto. The terms and figures of the strategic investment are expected to be confirmed after a review and the approval of Three Fires Group's shareholder First Nation and funding sources, and consultations with the federal and provincial governments.
- 06/26/2023
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Electra Battery Materials appoints new chief financial officer
- Electra Battery Materials Corporation (TSX-V:ELBM, NASDAQ:ELBM) has announced the appointment of Peter Park as its chief financial officer, replacing Craig Cunningham who has resigned from his position. Park, a senior finance professional with more than 20 years of experience and a current member of Electra's finance team, will assume the responsibilities of chief financial officer effective July 1, 2023.
- 06/10/2023
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Nickel Miners News For The Month Of May 2023
- Nickel spot prices were significantly lower the last month. Nickel market news - Nickel faces huge supply glut of Class 2 nickel as Indonesian output booms; however Class I nickel demand is very strong with LME inventory levels declining. Nickel company news - Vale imminent sale of 10% of its base metals business, reported to be worth $US20-25B. Glencore & Li-Cycle announce joint study for battery recycling hub.
- 06/01/2023
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Cobalt Miners News For The Month Of May 2023
- Cobalt spot prices were flat for the month, and LME inventory was lower for the month. Cobalt market news - Cobalt to remain key EV raw material despite substitution threat. Fastmarkets' research analysts forecast cobalt will reach an oversupply of 4,000 tonnes in 2023.
- 05/25/2023
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Electra Battery Materials Corporation (ELBM) Q1 2023 Earnings Call Transcript
- Electra Battery Materials Corporation (NASDAQ:ELBM ) Q1 2023 Earnings Conference Call May 11, 2023 8:00 AM ET Company Participants Joe Racanelli - Vice President-Investor Relations Trent Mell - Chief Executive Officer Renata Cardoso - Vice President-Sustainability Craig Cunningham - Chief Financial Officer Mark Trevisiol - Vice President, Project Development Conference Call Participants Matthew O'Keefe - Cantor Fitzgerald Jake Sekelsky - Alliance Global Partners Gordon Lawson - Paradigm Capital Operator Thank you for standing by. This is the conference operator.
- 05/12/2023
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Electra Battery Materials achieves black mass recycling and closes in on refinery project completion
- Electra Battery Materials Corporation (TSX-V:ELBM, NASDAQ:ELBM) has reported its financial results for the first quarter ended March 31 and issued updates on its cobalt refinery and black mass recycling trial. “Our performance in the first quarter was marked by a number of significant milestones relating to our lithium-ion battery material recycling trial,” CEO Trent Mell said in a statement.
- 05/11/2023
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Electra Provides Notice of First Quarter 2023 Results Conference Call and Webcast
- TORONTO--(BUSINESS WIRE)---- $ELBM--Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra”) will release its first quarter 2023 financial results after market close on May 10, 2023. Senior management will host a conference call and webcast on May 11, 2023 at 8:00 am ET to review Electra's first quarter performance and discuss near-term outlook. Dial-in and Webcast Details: - North American dial-in number: 1-800-319-4610 - International dial-in number: 1-416-915-3239 - Webcast and sl.
- 05/10/2023
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Electra Battery Materials to create lithium recycling JV with Three Fires Group
- Electra Battery Materials Corporation (TSX-V:ELBM, NASDAQ:ELBM) has signed a memorandum of understanding with Three Fires Group to create a joint venture to recycle lithium-ion battery waste in Ontario. The venture would be underpinned by Electra's proprietary black mass processing capabilities that recover high value elements, including lithium, nickel, cobalt and graphite.
- 05/02/2023
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Nickel Miners News For The Month Of April 2023
- Nickel spot prices were flat the last month. Nickel market news - INSG forecasts 2023 nickel surplus amid increase in Class 2 supplies. Fitch says nickel could average $US32,000/t in years to come.
- 05/01/2023
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Electra Battery Materials reports strong net income for 2022 versus a net loss in 2021
- Electra Battery Materials Corporation (TSX-V:ELBM, NASDAQ:ELBM) has reported financial results for the fourth-quarter and year ended December 31, 2022, with both periods showing net income versus a net loss in 2021, and has provided an update on the commissioning of its cobalt refinery and its black mass recycling trial. “2022 was a remarkable year for Electra, filled with achievements and developments that augur extremely well for our Company and our prospects of becoming a key link in the North American EV battery supply chain,” commented Trent Mell, Electra's CEO in a statement.
- 04/05/2023
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Electra Provides Notice of Fourth Quarter 2022 Results Conference Call and Webcast
- TORONTO--(BUSINESS WIRE)---- $ELBM--Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra”) will release its fourth quarter 2022 financial results after market close on April 4, 2023. Senior management will host a conference call and webcast on April 5, 2023 at 8:30 am ET to review Electra's fourth quarter performance and discuss near-term outlook.
- 04/04/2023
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Electra Postpones Fourth Quarter 2022 Results Conference Call and Webcast
- TORONTO--(BUSINESS WIRE)--Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra”) today announced that the Company has postponed its conference call and webcast previously scheduled for today pending the filing and release of its fourth quarter and year-end financial results for 2022. The Company anticipates filing its financial results on or before Wednesday April 5, 2023 and will announce the new date and time of its conference call and webcast accordingly.
- 04/03/2023
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Nickel Miners News For The Month Of March 2023
- Nickel spot prices were lower the last month. Sprott launches Nickel Miners ETF. Nickel market news - EU Critical Raw Materials Act 10% of critical raw materials mined in Europe by 2030. Ford CEO says lithium and nickel are the key constraining commodities.
- 03/31/2023
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Cobalt Miners News For The Month Of March 2023
- Cobalt spot prices were lower for the month, LME inventory was lower for the month. Cobalt market news - EU Commission wants 10% of critical raw materials mined in Europe by 2030. Fastmarkets forecast cobalt surplus of 4,000t in 2023, increasing to 14,000t in 2024.
- 03/29/2023
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Electra Provides Notice of Fourth Quarter 2022 Results Conference Call and Webcast
- TORONTO--(BUSINESS WIRE)---- $ELBM--Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra”) will release its fourth quarter 2022 financial results after market close on March 31, 2023. Senior management will host a conference call and webcast on April 3, 2023 at 10:00 am ET to review Electra's fourth quarter performance and discuss near-term outlook.
- 03/23/2023
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Electra Battery Materials produces lithium from battery recycling trial, significantly improving its project economics
- Electra Battery Materials Corporation (TSX-V:ELBM, NASDAQ:ELBM) said it has successfully recovered lithium, a critical mineral needed for the electric vehicle (EV) battery supply chain, in its black mass recycling trial being conducted at its refinery north of Toronto. The company said the recovery and subsequent production of a technical-grade lithium carbonate product in a plant-scale setting validates its proprietary hydrometallurgical process and efforts to date in commissioning its larger refinery complex.
- 03/13/2023
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Electra Battery says its positive updated mineral resources estimate paves way for PEA at its Iron Creek project in Idaho
- Electra Battery Materials Corporation (TSX-V:ELBM, NASDAQ:ELBM) reported an updated mineral resource estimate (2023 MRE) for its Iron Creek cobalt-copper project 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 exploration activities and development of a preliminary economic assessment (PEA). “Continued exploration and development of the Idaho Cobalt Belt will help to reduce North America's reliance on foreign sources of cobalt supply particularly as demand for critical minerals will grow exponentially in the coming years,” said Electra CEO Trent Mell said in a statement.
- 03/10/2023
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Down -16.23% in 4 Weeks, Here's Why Electra Battery Materials Corporation (ELBM) Looks Ripe for a Turnaround
- 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.
- 03/07/2023
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Cobalt Miners News For The Month Of February 2023
- 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.
- 02/22/2023
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Electra Battery Materials achieves first plant-scale recycling of black mass in North America
- 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.
- 02/15/2023
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Electra Battery Materials looks to expansion as it closes US$51M financing
- 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.
- 02/14/2023
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Electra Battery Materials announces US$51M convertible note offering
- 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.
- 02/08/2023
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Cobalt Miners News For The Month Of January 2023
- 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.
- 01/24/2023
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Electra Battery Materials commits to net-zero greenhouse emissions by 2050 as it releases inaugural sustainability report
- 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.
- 01/11/2023
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Electra Battery Materials Corp signs amendment to agreement with Kuya Silver Corp
- 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.
- 01/04/2023
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Electra Battery Materials expects to complete black mass demonstration plant in first quarter of 2023
- 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.
- 12/22/2022
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Electra Battery Materials raises US$5.5M to fund expansion and development of cobalt refinery
- 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.
- 11/15/2022
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Electra Battery Materials Looks Set To Be A 2023 Cobalt Refiner And Battery Materials Recycler In Canada
- 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.
- 11/11/2022
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Electra Battery Materials Corporation (ELBM) Q3 2022 Earnings Call Transcript
- 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.
- 11/10/2022
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Electra Battery Materials provides 3Q update on commissioning of its cobalt refinery and launch of black mass recycling demonstration plant
- 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.
- 11/10/2022
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Electra Battery Materials reveals pricing for its US$5.5M equity offering
- Electra Battery Materials Corporation (TSX-V:ELBM, NASDAQ:ELBM) said it has priced its previously announced overnight-marketed public offering, on a best efforts basis, at US$2.35 per unit, which would raise gross proceeds of about US$5.5 million, or approximately C$7.4 million. The processor of low-carbon, ethically-sourced battery materials said it intends to use the net proceeds of the financing for capital expenditures associated with the expansion and recommissioning of its wholly-owned hydrometallurgical cobalt refinery, including buildings, equipment, infrastructure, and other direct costs, as well as engineering and project management costs.
- 11/09/2022
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Electra Battery Materials aims to raise US$8M via public offering
- Electra Battery Materials Corporation (TSX-V:ELBM, NASDAQ:ELBM) has announced plans to raise around US$8 million via a public offering of units in the company. The fundraising will be led by Cantor Fitzgerald with each unit on offer consisting of one common share in the company and one full warrant to buy one common share for a period of 36 months at a price to be determined.
- 11/08/2022
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Electra Provides Notice of Q3 2022 Results Conference Call and 2022 Annual Meeting of Shareholders
- TORONTO--(BUSINESS WIRE)---- $ELBM--Electra's Q3 Earnings Call and 2022 AGM
- 10/21/2022
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News snapshot: Love Pharma, Lobe Sciences, Electra Battery Materials, The Valens Company UPDATE
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News snapshot: Love Pharma, Lobe Sciences, Electra Battery Materials, The Valens Company
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Electra Battery Materials starts commissioning black mass recycling demonstration plant north of Toronto
- Electra Battery Materials Corporation (TSX-V:ELBM, NASDAQ:ELBM) said it has started commissioning its black mass recycling demonstration plant at its battery materials park located north of Toronto. The announcement follows the successful installation of material feed handling and lime delivery systems, two key circuits in Electra's hydrometallurgical process designed to recycle end-of-life lithium-ion battery materials.
- 10/13/2022
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Electra Battery Materials says drilling confirms new zone of cobalt mineralization at Ruby target, Iron Creek
- Electra Battery Materials Corporation (TSX-V:ELBM, NASDAQ:ELBM) told investors it has confirmed a new zone of cobalt mineralization at the Ruby target at its Iron Creek project in Idaho following drill results. The target sits just 1.5 kilometres (km) southeast of the company's Iron Creek deposit and the first two holes drilled hit intercepts including 6.4 metres (m) at 0.21% cobalt from a depth of 307.5m to 313.9m.
- 10/05/2022
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Electra Battery Materials says cobalt refinery on track to meet project timelines
- Electra Battery Materials Corporation (TSX-V:ELBM, NASDAQ:ELBM) has confirmed that its cobalt refinery located north of Toronto remains on track to meet project timelines, including the launch of a black mass recycling demonstration and previously-announced capital cost guidance. “Electra continues to build momentum,” Trent Mell, CEO of Electra Battery Materials, said in a statement.
- 09/28/2022
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Electra Battery Materials inks three-year deal to supply battery grade cobalt to EV battery producer
- Electra Battery Materials Corporation (TSX-V:ELBM, NASDAQ:ELBM) has signed a three-year deal to supply battery grade cobalt to LG Energy Solution, a manufacturer of lithium-ion batteries for electric vehicles, the company announced. Electra agreed to supply 7,000 tonnes of battery grade cobalt from 2023 to 2025.
- 09/22/2022
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Electra Battery Materials spotlights study showing compelling economics of Ontario integrated EV battery materials facility
- Electra Battery Materials Corporation (TSX-V:ELBM, NASDAQ:ELBM) has released highlights of a scoping study prepared by a global engineering firm supporting the creation of an integrated electric vehicle (EV) battery materials park in Ontario, Canada. The scoping study examined the construction of a battery-grade nickel sulphate refinery in Ontario by 2025 to 2026 that would include nickel, cobalt and manganese refining, recycling of battery black mass materials, and precursor cathode active material (pCAM) manufacturing, the company said.
- 09/08/2022
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'First mover in North America' - Trent Mell's Electra Battery Materials advances refinery for EV market
- (Kitco News) - The operation Electra Battery Materials is advancing "by and large don't exist outside of China,", said CEO Trent Mell who hopes to make his company a first mover within the EV space.
- 08/22/2022
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Electra Battery Materials Corporation (ELBM) CEO Trent Mell on Q2 2022 Results - Earnings Call Transcript
- Electra Battery Materials Corporation (NASDAQ:ELBM ) Q2 2022 Earnings Conference Call August 12, 2022 10:00 AM ET Company Participants Joe Racanelli - VP, IR Trent Mell - CEO Mark Trevisiol - VP, Project Development Craig Cunningham - CFO Dan Pace - Principal Geologist Conference Call Participants Matthew O'Keefe - Cantor Fitzgerald Jake Sekelsky - Alliance Global Partners Gordon Lawson - Paradigm Capital Operator Thank you for standing by. This is the conference operator.
- 08/12/2022
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Electra Battery Materials files second quarter financial results, provides update on the commissioning of its cobalt refinery
- Electra Battery Materials Corporation (TSX-V:ELBM, NASDAQ:ELBM) has announced the filing of its financial results for the second quarter ended June 30, 2022, and provided an update on the commissioning of its cobalt refinery located north of Toronto. "We made considerable progress on our battery materials refinery project in Q2, completing 80% of testing of existing brownfield equipment for recommissioning, 80% of all procurement, and 85% of detailed engineering," said Trent Mell, CEO of Electra Battery Materials in a statement.
- 08/12/2022
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Electra Battery identifies new mineralization in Idaho Cobalt Belt
- Electra Battery Materials Corporation (TSX-V:ELBM, NASDAQ:ELBM) has provided an update on its 2022 exploration program at its Ruby prospect, located 1.5 kilometers (km) from its primary Iron Creek cobalt-copper deposit in the Idaho Cobalt Belt. The Toronto-based processor of low-carbon battery materials said a “strong and open-ended anomaly” at Ruby was defined by a 7.6-kilometer pole-dipole 3D Induced Polarization (IP) survey, which measures the chargeability of the subsurface to determine the presence of sulphide minerals.
- 08/02/2022
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Electra Provides Notice of Second Quarter 2022 Results Conference Call and Webcast
- TORONTO , July 29, 2022 /PRNewswire/ - Electra Battery Materials Corporation (NASDAQ: ELBM) (TSXV: ELBM) ("Electra") will release its second quarter 2022 financial results after market close on August 11, 2022. Senior management will host a conference call and webcast on August 12, 2022 at 10:00 am ET to review Electra's second quarter performance and discuss near-term outlook.
- 07/29/2022
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Electra Battery Materials signs benefits agreement with Metis Nation of Ontario
- Electra Battery Materials Corporation (TSX-V:ELBM, NASDAQ:ELBM) said it has signed a benefits agreement with the Metis Nation of Ontario, providing employment, training, procurement, and business opportunities related to the construction and expansion of the company's battery materials refinery north of Toronto Temiskaming Shores. "Signing our first Benefits Agreement marks an important milestone for Electra as we advance with the commissioning of our refinery," Trent Mell CEO of Electra Battery Materials said in a statement.
- 07/26/2022
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Why Did Electra Battery Materials' Price Suddenly Drop In Trading
- Abnormally abrupt price decline, -15% in two days. Last company news were good news: expansion plans announced on June 22, 2022.
- 07/03/2022
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Electra: Discounted And Growing
- Quickly replaced outgoing CFO with industry veteran. Hired other executives. Evaluating second refinery in the province of Quebec.
- 06/23/2022
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Electra Battery Materials says it is in talks to build new cobalt refinery in Quebec
- Electra Battery Materials Corporation (TSX-V:ELBM, NASDAQ:ELBM) said it is in early discussions with the Government of Quebec to build a new cobalt refinery in the province. If built, the refinery will integrate with an emerging battery materials park in the province, Electra said in a statement.
- 06/22/2022
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Electra Battery Materials: The Definitive Cobalt And Nickel Play
- As cobalt prices blast off and Russian cobalt tariffs are in place, Electra Battery stock price might awaken. The company has several catalysts in play such as a battery metals park and chemical processing of cobalt and nickel.
- 06/21/2022
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Electra Battery Materials appoints Craig Cunningham as its chief financial officer
- Electra Battery Materials Corporation (TSX-V:ELBM, NASDAQ:ELBM) said it has appointed Craig Cunningham as its chief financial officer effective from June 8, 2022. Before joining Electra, Cunningham was Vice President and Regional Financial Officer at Kinross Gold, overseeing finance, information technology, supply chain and logistics, and administration functions in Russia.
- 06/08/2022
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Electra Battery Materials pledges to adopt comprehensive slate of ESG policies
- Electra Battery Materials Corporation (TSX-V:ELBM, NASDAQ:ELBM) has announced the introduction of a comprehensive set of policies and frameworks dedicated to environmental, social and governance (ESG) best practices. The policies cover human rights, supply chain, environment and sustainability matters, the company said.
- 05/31/2022
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Electra Battery Materials says its battery materials park project is on schedule
- Electra Battery Materials Corporation (TSX-V:ELBM, NASDAQ:ELBM) has updated on its plans to develop a low carbon, fully-integrated battery materials park for the North American electric vehicle industry, noting that the project is on schedule to commence dry commissioning in December despite constraints in the global supply chain. Based on trends in the market, the company said its management believes that the US$67 million capital budget could be exceeded by approximately 5-10%.
- 05/27/2022
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Electra Battery Materials updates ATM equity program to rasie up to C$20M for growth initiatives, exploration
- Electra Battery Materials Corporation (TSX-V:ELBM, NASDAQ:ELBM) has updated its at-the-market equity program to issue up to C$20 million of common shares in the US and Canada at its discretion, the company announced. The update is to permit sales of common shares under the ATM Program in the United States following the company's listing on the Nasdaq last month.
- 05/17/2022
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