Bullboard - Stock Discussion Forum 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... see more

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

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Post by PressRelease on Sep 10, 2024 7:30am

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

(All amounts in US dollars) TORONTO, Sept. 10, 2024 (GLOBE NEWSWIRE) -- Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra” or the “Company”) today provided an update on its financing strategy for North America’s first battery grade cobalt refinery, announcing that it...read article.

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Comment by dothemathpeople on Sep 10, 2024 9:37am

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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