Electra Battery Materials Corp. is pleased to announce a joint venture, named Aki Battery Recycling, with Indigenous-owned Three Fires Group to produce battery black mass through responsible recycling of lithium-ion battery scrap and waste material. The black mass would then be sold to Electra's refinery to recover lithium, nickel, cobalt and other critical minerals to produce new lithium-ion batteries. The Three Fires [...]
Electra Battery Materials Corp. 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. Several other financing discussions have been advancing alongside this proposal to raise the $60 million for project [...]
Electra Battery Materials Corp. 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 [...]
Electra Battery Materials Corp. 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. , 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 [...]
Electra Battery Materials Corp. , 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 to expand domestic production capability and is funded through the Additional Ukraine Supplemental Appropriations Act. The funds will support the construction and [...]
Electra Battery Materials Corp. 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 additional notes in [...]
Electra Battery Materials Corp. 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 , 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 business put forth at the meeting [...]
Electra Battery Materials Corp. announces a new copper showing in proximity to its Iron Creek Project, and provides an update on its Idaho exploration activities. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240725529167/en/ Figure 1. Location of the Iron Creek Property in east-central Idaho Highlights Electra's 2023 field program discovered a previously [...]
Electra Battery Materials Corp. 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 scrap, known [...]
Electra Battery Materials Corp. 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 same time, we [...]
Electra Battery Materials Corp. 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 produce [...]
Electra Battery Materials Corp. and Eurasian Resources Group S.A.R.L. , 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 chain and [...]
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