Electra Battery Materials Corp. announced today it has received an additional 180-days notice from The Nasdaq Stock Market LLC to regain compliance with the minimum bid price requirement of US$1.00 per share under Nasdaq's Listing Rule 5550. The Extension has no immediate effect on the listing or trading of the Company's common shares on the Nasdaq, and the Company's operations are not affected by the receipt of the [...]
Electra Battery Materials Corp. 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 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 pursuant to the terms of the previously announced agreement . The issuance of Shares is [...]
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 entered into an agreement 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 and February 15, 2024 interest payment dates under the convertible [...]
Electra Battery Materials Corp. 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 - February [...]
Electra Battery Materials Corp. 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 and 104,938 restricted share units to certain directors, officers, employees, and contractors of the Company. The Company will also settle a total of C$157,357 of earned performance-based [...]
Electra Battery Materials Corp. 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 grant from [...]
Electra Battery Materials Corp. 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 Company is [...]
Electra Battery Materials Corp. 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. Heather [...]
Electra Battery Materials Corp. is pleased to announce that Mr. David Allen, CPA, CA, has been appointed as Chief Financial Officer of the Company. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231228947176/en/ Electra's refining complex, located north of Toronto, Canada "David brings tremendous experience and a proven record of strategic decision making. He [...]
Electra Battery Materials Corp. 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 [...]
Electra Battery Materials Corp. announced today that it intends to amend the terms of an aggregate of 10,796,054 outstanding common share purchase warrants due to expire on February 13, 2028. The Warrants were issued in connection with a private placement transaction that closed on February 13, 2023. They are currently exercisable at US$2.48 per common share . Under the proposed amendments to the Warrants , the exercise [...]
Electra Battery Materials Corp. today announced the signing of a memorandum of understanding with Rock Tech Lithium for the development of a partnership to supply recycled lithium from Electra's Ontario battery recycling operations for upgrading to battery-grade lithium chemicals in Rock Tech's lithium refineries. The companies will leverage their processing expertise to develop a comprehensive, fully sustainable [...]