Electra Battery Materials Corp V.ELBM

Alternate Symbol(s): ELBM

Metals & Mining Industrial Metals & Minerals

Electra Battery Materials Corporation is a Canada-based processor of low-carbon, ethically sourced battery materials. The Company is focused on building a supply of cobalt, nickel and recycled battery materials. It is engaged in the business of battery materials refining, including refining material from mining operations and from the recycling of battery scrap and end of life batteries. It owns two main assets: the refinery located in Ontario, Canada and the Iron Creek cobalt-copper project located in Idaho, United States. Its projects include Ontario Refinery, Recycling, Becancour, North American Nickel and Iron Creek. It is in the process of constructing its expanded hydrometallurgical cobalt refinery, assessing the various optimizations and modular growth scenarios for a recycled battery material (known as black mass) program, and exploring and developing its mineral properties. The Iron Creek Project consists of mining patents and exploration claims over an area of 3,300 hectares.

TSXV:ELBM - Post by User

Electra Battery Materials Corp > ELBM now has a Sub $1 Share Price on Nasdaq

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Post by davgroon May 16, 2023 1:16pm

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Post# 35450650

ELBM now has a Sub $1 Share Price on Nasdaq

ELBM is now in violation of the continued listing standards on the Nasdaq as the share price has dropped below the US $1.00 threshold.

There is now a risk for a deficiency notice if the stock price remains below $1 for 30 consecutive days.

A best effort financing at this point will surely drop the share price further putting the Nasdaq listing at risk or necessitating another share consolidation.

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