TSX VENTURE:ELBM

Electra and Eurasian Resources Group Sign Cobalt Supply Agreement

Retrieved on: 
Tuesday, April 2, 2024
Technology, General Automotive, EV, Electric Vehicles, Other Energy, Automotive, Batteries, Alternative Energy, Energy, Environment, Mining, Minerals, Public Relations, Investor Relations, Sustainability, Communications, Natural Resources, DRC, IRA, Letter, Manganese, Copper, ERG, Metal, Carbon, Nickel, Graphite, Lithium, LG Energy Solution, Multimedia, Cobalt, Democratic republic

Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra”, “Company”) and Eurasian Resources Group S.A.R.L.

Key Points: 
  • Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra”, “Company”) and Eurasian Resources Group S.A.R.L.
  • (“ERG”), a leading diversified natural resources group headquartered in Luxembourg, announced today that they have signed a binding letter of intent for long-term supply of ERG’s cobalt hydroxide to North America’s first battery grade cobalt sulfate refinery.
  • The agreement, effective April 1, 2024, supports efforts to onshore the battery supply chain and reduce reliance on foreign refiners.
  • Electra and ERG are exploring further collaboration to de-risk the construction of another cobalt refinery in the Bécancour, Quebec district.

Electra Receives Extension from NASDAQ to Resolve Minimum Price Requirement

Retrieved on: 
Thursday, March 21, 2024
Automotive, Mining, Minerals, EV, Electric Vehicles, Technology, Batteries, Natural Resources, Alternative Vehicles, Fuels, Extension, TSX Venture Exchange, News, Auction

Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra” or the “Company”) announced today it has received an additional 180-days notice (the “Extension”) from The Nasdaq Stock Market LLC (“Nasdaq”) to regain compliance with the minimum bid price requirement ("Minimum Bid Requirement") of US$1.00 per share under Nasdaq’s Listing Rule 5550(a)(2).

Key Points: 
  • Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra” or the “Company”) announced today it has received an additional 180-days notice (the “Extension”) from The Nasdaq Stock Market LLC (“Nasdaq”) to regain compliance with the minimum bid price requirement ("Minimum Bid Requirement") of US$1.00 per share under Nasdaq’s Listing Rule 5550(a)(2).
  • The Extension has no immediate effect on the listing or trading of the Company’s common shares (the “Shares”) on the Nasdaq, and the Company's operations are not affected by the receipt of the Extension.
  • Pursuant to the Extension, the Company has until September 16, 2024 to regain compliance with the Minimum Bid Requirement, during which time the Shares will continue to trade on Nasdaq.
  • If at any time before September 16, 2024, the bid price of the Shares closes at or above US$1.00 per Share for a minimum of 10 consecutive business days, the Company will regain compliance with the Minimum Bid Requirement.

Electra Provides Corporate Update

Retrieved on: 
Wednesday, March 13, 2024
Environment, Alternative Vehicles, Fuels, EV, Electric Vehicles, Automotive, Alternative Energy, Green Technology, Energy, Mining, Minerals, Natural Resources, Indian stock exchange, TSX Venture Exchange, EDGAR, News, Risk, Government

This news release may contain forward-looking statements and forward-looking information (together, “forward-looking statements”) within the meaning of applicable securities laws and the United States Private Securities Litigation Reform Act of 1995.

Key Points: 
  • This news release may contain forward-looking statements and forward-looking information (together, “forward-looking statements”) within the meaning of applicable securities laws and the United States Private Securities Litigation Reform Act of 1995.
  • All statements, other than statements of historical facts, are forward-looking statements.
  • Such forward-looking statements include, without limitation, statements regarding the timing and deemed value of the issuance of Shares.
  • Except where required by applicable law, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

Electra Provides Corporate Update

Retrieved on: 
Tuesday, February 27, 2024
Automotive, Mining, Minerals, EV, Electric Vehicles, Alternative Energy, Natural Resources, Energy, Alternative Vehicles, Fuels, TSX Venture Exchange, Note, News, EDGAR, Government, Indian stock exchange, Interest, Risk, Security (finance)

In the event of a default by the Company under the Indenture, the Company is required to pay the Interest immediately.

Key Points: 
  • In the event of a default by the Company under the Indenture, the Company is required to pay the Interest immediately.
  • The Company has agreed to satisfy US$400,732 of the Interest through the issuance of Common Shares to certain Noteholders (the “Share Issuance”).
  • Such forward-looking statements include, without limitation, statements regarding completion of the Share Issuance and the postponement of the Interest.
  • Except where required by applicable law, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

Electra Participating in Upcoming North American Critical Minerals Industry & Investment Events

Retrieved on: 
Saturday, February 24, 2024
Natural Resources, Batteries, Environment, EV, Electric Vehicles, Automotive, Recycling, Technology, Mining, Minerals, Natural Resources Canada, Senior, Conference, Global Affairs Canada, Corporate development, PDAC, Management

Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra”, “Company”) is pleased to announce senior management will be participating in the several investment and industry conferences:

Key Points: 
  • Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra”, “Company”) is pleased to announce senior management will be participating in the several investment and industry conferences:
    BMO Global Metals, Mining & Critical Minerals Conference, February 25-28
    CEO, Trent Mell, will be available for one-on-one meetings with institutional and industry peers throughout the conference to discuss Electra’s near-term plans.
  • CEO, Trent Mell, will present and, along with Vice President Investor Relations & Corporate Development, Heather Smiles, be available for one-on-one meetings.
  • Senior management, including CEO, Trent Mell, Vice President Investor Relations & Corporate Development, Heather Smiles, and other members of the management team will be attending PDAC and available for one-on-one meetings.
  • CEO, Trent Mell, will present during the Canada Investment Forum, an event co-organized by Natural Resources Canada, Invest in Canada and Global Affairs Canada, at 3:15pm, Monday March 4th, in the Toronto Metro Convention Centre, North Building, Room 105.

Electra Provides Corporate Update

Retrieved on: 
Tuesday, February 13, 2024
Engineering, Chemicals, Plastics, Other Energy, Utilities, Manufacturing, Energy, Other Manufacturing, TSX Venture Exchange, Option

Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra”, “Company”) announced today that in accordance with its Long-Term Incentive Plan approved by shareholders at its October 24, 2023 annual general meeting, the Company has issued 3,150,225 incentive stock options (the “Options”) and 104,938 restricted share units (“RSU”) to certain directors, officers, employees, and contractors of the Company.

Key Points: 
  • Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra”, “Company”) announced today that in accordance with its Long-Term Incentive Plan approved by shareholders at its October 24, 2023 annual general meeting, the Company has issued 3,150,225 incentive stock options (the “Options”) and 104,938 restricted share units (“RSU”) to certain directors, officers, employees, and contractors of the Company.
  • The grants are an important long-term retention and incentive tool for key personnel and are intended to align interests with shareholders.
  • The RSUs will vest on the first anniversary of the grant date and will be settled in cash or shares at the discretion of the Company.
  • Completion of the Share Settlement and the incentive grants remain subject to the approval of the TSX Venture Exchange.

Electra Receives $5 Million Grant from Government of Canada to Support the Development of the North American Electric Vehicle Supply Chain

Retrieved on: 
Friday, February 9, 2024
Technology, EV, Electric Vehicles, Recycling, Environmental Policy, Alternative Vehicles, Fuels, Automotive, Batteries, Public Policy, Government, Environmental Health, Environment, Mining, Minerals, Sustainability, Natural Resources, Other Policy Issues, Nature, LG Energy Solution, Investment, Cobalt, Manganese, Lithium, Graphite, Languages of Ethiopia, Nickel, Regional Development Agency (Canada), Copper, Parliament

The investment will be provided in the form of a grant from the Federal Economic Development Initiative for Northern Ontario (FedNor).

Key Points: 
  • The investment will be provided in the form of a grant from the Federal Economic Development Initiative for Northern Ontario (FedNor).
  • “Canada has surpassed China as the top jurisdiction in the global battery supply chain, given its strength in raw materials mining and processing,” said Trent Mell, Electra’s CEO.
  • “Today’s announcement from the Government of Canada’s demonstrates its continued commitment to building a strong, domestic EV supply chain.
  • Anthony Rota, Member of Parliament for Nipissing-Timiskaming, said “The Government of Canada, through FedNor, is working hard to expand the electric vehicle supply chain right here in Northern Ontario.

Electra Provides Update on Black Mass Recycling

Retrieved on: 
Monday, February 5, 2024
Other Energy, Recycling, Mining, Minerals, Batteries, Energy, General Automotive, Technology, Automotive, Natural Resources, Environment, Public Relations, Investor Relations, Communications, Copper, Graphite, Nickel, Lithium, Overalls, MHP, Carbon footprint, Metal, Water, Economics, Cobalt, Manganese

Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra” or the “Company) today provided an update on its battery materials recycling trial taking place at the Ontario refinery complex.

Key Points: 
  • Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra” or the “Company) today provided an update on its battery materials recycling trial taking place at the Ontario refinery complex.
  • Electra launched a black mass trial late in 2022 at its Ontario refinery complex to recover critical minerals from black mass in shredded lithium-ion batteries and successfully operated this demonstration process throughout 2023 on a semi-continuous basis to maximize product recoveries.
  • Additional Black Mass Program Highlights:
    Electra has processed 40 tonnes of black mass material in a plant scale setting, believed to be the first of its kind in North America.
  • Black mass contains high-value elements, including lithium, nickel, cobalt, manganese, copper, and graphite, that once recovered, can be recycled to produce new lithium-ion batteries.

Electra Appoints Heather Smiles as Vice President, Investor Relations & Corporate Development

Retrieved on: 
Monday, January 15, 2024
Fleet Management, Natural Resources, Batteries, EV, Electric Vehicles, Automotive, Technology, General Automotive, Mining, Minerals, EVS, Golden Star Resources, History, Strategic planning, Acceleration, Calendar, Mary River Mine, TSX Venture Exchange, Exercise, CAD, News, Corporate development, Note, Security (finance)

Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra” or the “Company”) is pleased to announce the appointment of Heather Smiles as Vice President, Investor Relations and Corporate Development.

Key Points: 
  • Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra” or the “Company”) is pleased to announce the appointment of Heather Smiles as Vice President, Investor Relations and Corporate Development.
  • Heather previously served as Director, Investor Relations for Electra until 2019.
  • “We have reconfigured the leadership team with a focus on the bench strength required to transition the Company from developer to operator.
  • She has previously worked with global metals and mining companies including Electra, Baffinland Iron Mines, and Golden Star Resources.

Electra Appoints 30-year Finance Veteran as CFO and Provides Financing Update

Retrieved on: 
Friday, December 29, 2023
Engineering, Other Energy, Manufacturing, Alternative Energy, Energy, Other Manufacturing, Hive, TSX Venture Exchange, Multimedia, Natural Resources, CPA, CFO, Government, Consultant, Inflation, Cobalt, EVS, LG Energy Solution, Algoma Central, Management, Exercise, EV

He has extensive experience in CFO and senior finance roles with complex international companies and Fortune 250 Canadian companies, including TAAL, Canada Goose, Anaergia Inc. and Algoma Central Corporation.

Key Points: 
  • He has extensive experience in CFO and senior finance roles with complex international companies and Fortune 250 Canadian companies, including TAAL, Canada Goose, Anaergia Inc. and Algoma Central Corporation.
  • “This is an exciting time to join Electra as it continues to make solid progress with its battery supply chain onshoring strategy,” said Mr. Allen.
  • Electra also announces that it intends to file a resale registration statement with the United States Securities and Exchange Commission.
  • RSUs are being issued in lieu of cash compensation otherwise payable to Electra personnel and will vest in one year from the grant date.