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Electrovaya Inc T.ELVA

Alternate Symbol(s):  ELVA

Electrovaya Inc. is a Canada-based lithium-ion battery technology and manufacturing company. The Company designs, develops and manufactures lithium-ion batteries and battery systems for energy storage, clean electric transportation, heavy duty electric vehicles and other specialized applications based on its Infinity Battery Technology Platform. The Company is focused on contributing to the prevention of climate change by supplying safe and long-lasting lithium-ion batteries. The Company is also developing next generation solid state battery technology at its Labs division. The Company has two operating sites in Canada and has a 52-acre site with approximately 135,000 square foot manufacturing facility in New York state. Its battery products are used across various applications, including material handling, e-mobility and energy storage.


TSX:ELVA - Post by User

Post by Stockholder2008on Mar 01, 2024 6:08pm
129 Views
Post# 35910482

Financing is pretty much a done deal

Financing is pretty much a done dealI took the following from another message board.
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Refinancing of debt was completed Feb. 14. It includes a buffer.

ELVA is only waiting on the confirmation of the gov. capital financing for Jamestown phase 1. This is expected at latest, April.

ELVA is also applying for grants and financing from the DOE. Application is due March 19. For phase 2 and 3 at Jamestown.
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That should help the share price next week ??  It is interesting to note Electrovaya sees the need to move on phase 2 and phase 3 before even getting started good on phase 1.  Stay Long on this one........

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