Electra Battery Materials Corp.

Electra Battery Materials Corp. announced today that it received a notice from The Nasdaq Stock Market LLC on September 21, 2023 stating that the Company is not in compliance with the minimum bid price requirement of US$1.00 per share under Nasdaq's Listing Rule 5550 based upon the closing bid price of the Company's common shares for the 30 consecutive business days prior to the date of the Notice. The Notice has no [...]

Electra Battery Materials Corp. announced today that it has changed its auditors from KPMG LLP to MNP LLP, Chartered Professional Accountants effective September 18, 2023. At the request of the Corporation, the Former Auditor resigned as the auditor of Electra effective September 14, 2023. Electra's Board of Directors appointed the Successor Auditor as the Corporation's auditor effective September 18, 2023 until the next [...]

Electra Battery Materials Corp. today reported its financial results for the three- and six-month periods ended June 30, 2023, and provided an update on the commissioning of its cobalt refinery and its black mass recycling trial. All amounts are in Canadian currency unless otherwise stated. "Our recent efforts have been primarily focused on strengthening our balance sheet and updating our refinery project and black mass [...]

Electra Battery Materials Corp. today announced that its battery grade cobalt supply agreement with LG Energy Solution , a leading global manufacturer of lithium-ion batteries, has been extended and expanded from terms initially announced in September 2022. Electra will now supply LG Energy Solution with 19,000 tonnes of battery grade cobalt over a five-year period beginning in 2025. The material will be supplied from the [...]

Electra Battery Materials Corp. today announced the first customer shipment of nickel-cobalt produced at its refinery complex north of Toronto from recycled battery material. Using Electra's proprietary hydrometallurgical process, the nickel-cobalt mixed hydroxide precipitate product was produced in the Company's black mass recycling trial currently underway at its permitted, low-carbon hydrometallurgical refinery. "The [...]

Electra Battery Materials Corp. is pleased to announce that the Company has entered into an agreement with Red Cloud Securities Inc., as lead agent and sole bookrunner, on behalf of a syndicate of agents , in connection with a "best-efforts" private placement for the sale of up to 9,090,909 units of the Company at a price of $1.10 per Unit for gross proceeds of up to $10 million. All amounts are in Canadian currency [...]

Electra Battery Materials Corp. announces that it has received a commitment for a strategic investment from the Three Fires Group Inc. in support of advancing the Company's battery materials park north of Toronto and accelerating its battery recycling strategy in North America. The Three Fires investment is expected to form part of a larger financing by Electra totaling up to $20 million. All amounts are in Canadian [...]

Electra Battery Materials Corp. today announced that Craig Cunningham has resigned from his position as Chief Financial Officer. Mr. Cunningham will provide a smooth transition through his resignation date, June 30, 2023. Peter 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 [...]

Electra Battery Materials Corp. today announced that Garett Macdonald has resigned as a member of the Company's Board of Directors to devote more time to his growing responsibilities as CEO of Maritime Resources Corporation. "On behalf of the Board of Directors, I would like to thank Garett for his many contributions to Electra over the past five years and extend him best wishes for continued success," said John Pollesel [...]

Electra Battery Materials Corp. today released updated economics and capital spend estimates for its refinery complex currently under construction north of Toronto. Pending completion, Electra's refinery complex will be the first in North America to integrate the production of critical minerals, including cobalt sulfate and nickel sulfate, needed for the electric vehicle battery supply chain and the processing of black [...]