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 > New Press Release - Electra Announces $20 Million Strategic Investment Proposal

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Comment by dothemathpeopleon Sep 10, 2024 9:37am

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Post# 36216397

RE:New Press Release - Electra Announces $20 Million Strategic Investment Proposal

So this is a loan facility. They can draw on it to pay for things. Seems like equity investments have dried up considerably. Makes no mention of any conversion clause or the like going forward.

Anyone know what the $20M USDOD "terms" were? I have not been able to find them and am interested to know if that too, is meant to be paid back?

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