TSXV:ELBM - Post Discussion
Post by
Betteryear2 on Sep 10, 2024 3:13pm
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 has received a non-binding term sheet for a $20 million prepayment facility from an arms-length strategic player in the battery materials sector. Several other financing discussions have been advancing alongside this proposal to raise the $60 million for project completion plus amounts for working capital and operations during the construction and commissioning phases.
Electra Announces $20 Million Strategic Investment (globenewswire.com)
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