Research analysts who have asked questions during Electra Battery Materials earnings calls.
Recent press releases and 8-K filings for ELBM.
Electra Battery Materials Provides Update on Refinery Project Progress
ELBM
New Projects/Investments
- Electra Battery Materials Corporation has provided an update on the construction progress of North America's first cobalt sulfate refinery.
- Current site work includes the completion of exterior pipe rack installation and ongoing civil, structural, concrete, and tankage installation.
- The project has construction financing and permits in place, with most long-lead equipment secured, and is advancing towards its targeted 2027 commissioning.
- This refinery is a cornerstone of the Company's strategy to build a resilient North American critical minerals supply chain and is expected to produce battery-grade cobalt once operational.
Jan 8, 2026, 12:45 PM
Electra Battery Materials Corp. Establishes At-the-Market Offering
ELBM
- Electra Battery Materials Corporation established an At the Market Offering (ATM) on December 19, 2025, pursuant to an agreement with H.C. Wainwright & Co., LLC dated June 26, 2025.
- Under the ATM, the company may offer and sell Common Shares with an aggregate offering price of up to US$5,500,000.
- H.C. Wainwright & Co., LLC will receive a cash commission of 3.0% on the aggregate gross proceeds raised under the ATM.
- Sales of Common Shares will be made "at-the-market" on or through the Nasdaq Stock Market LLC at prevailing market prices.
Dec 23, 2025, 4:30 PM
Electra Battery Materials signs supply chain cooperation agreement with Positive Materials Inc.
ELBM
New Projects/Investments
- Electra Battery Materials Corporation entered into a Supply Chain Cooperation Agreement with Positive Materials Inc. on November 25, 2025, to bolster North America's lithium-ion battery and energy storage industries.
- The agreement targets a North American commercial and technical relationship for Electra's cobalt sulfate production.
- This collaboration will explore integrating Electra's battery-grade cobalt sulfate with Positive's planned precursor cathode active material (pCAM) operations in Belledune, New Brunswick.
- The partnership aims to process ethically sourced battery raw materials domestically, enhancing the resilience and competitiveness of North America's critical minerals supply chain.
Nov 25, 2025, 12:50 PM
Electra Battery Materials Reports Q3 2025 Results and Secures Significant Financing
ELBM
Earnings
Debt Issuance
New Projects/Investments
- Electra Battery Materials Corporation reported a net loss of $4,735 thousand Canadian dollars ($0.27 loss per share) for the three months ended September 30, 2025, and a net loss of $(19,420) thousand Canadian dollars ($(1.15) loss per share) for the nine months ended September 30, 2025.
- The company secured US$48 million in aggregate government support for its cobalt refinery, including a US$13 million (C$17.5 million) commitment from Ontario in September 2025.
- Subsequent to the quarter end, in October 2025, Electra closed a US$34.5 million equity financing and completed a financial restructuring transaction that reduced its debt to approximately US$28 million.
- As of November 12, 2025, the company believes it has sufficient financial resources to complete the construction and commissioning of its refinery, subject to government financing, following the October financing and debt restructuring.
- During the quarter, Electra also appointed three new members to its Board of Directors and commenced metallurgical testing of North American cobalt feedstock.
Nov 13, 2025, 9:30 PM
Electra Battery Materials Issues Major Construction Tender for Cobalt Refinery
ELBM
New Projects/Investments
- Electra Battery Materials Corporation has issued a major mechanical, piping, electrical, and instrumentation (SMPEI) tender package for the construction of its cobalt refinery in Temiskaming Shores, Ontario.
- This tender signifies a transition from early works to full construction mobilization for what is anticipated to be North America's first cobalt sulfate refinery.
- The company is targeting commissioning in 2027 for the refinery, with engineering and procurement activities already well advanced.
Nov 10, 2025, 2:11 PM
Electra Battery Materials resumes construction at cobalt sulfate refinery
ELBM
New Projects/Investments
Guidance Update
- Electra Battery Materials Corporation has resumed construction at its cobalt sulfate refinery after securing approximately US$82 million in project financing.
- This financing includes US$48 million in non-dilutive funding from the U.S., Canadian, and Ontario governments.
- The refinery is designed to produce 6,500 tonnes of battery-grade cobalt annually and is targeted for commissioning in 2027.
- Once operational, it will be North America's first cobalt sulfate production facility.
Nov 5, 2025, 6:20 PM
Electra Battery Materials Appoints New VP for Refinery Project and Provides Corporate Updates
ELBM
Management Change
New Projects/Investments
Executive Compensation
- Electra Battery Materials has appointed Paolo Toscano as Vice President, Projects and Engineering, to oversee the construction and commissioning of North America's first cobalt sulfate refinery in Temiskaming Shores, Ontario.
- The company announced it has elected not to proceed with the previously approved Reverse Split at this time, though it may re-evaluate the decision in the future.
- Electra issued 2,669,000 incentive stock options, 179,000 restricted share units (RSUs), and 271,000 deferred share units (DSUs) to certain personnel, with options exercisable at C$1.97 and vesting over two years.
Oct 29, 2025, 1:47 PM
Electra Advances Idaho Cobalt-Copper Assets for Critical Minerals Independence
ELBM
New Projects/Investments
Guidance Update
- Electra Battery Materials Corporation has launched a new program to advance mineral deposit modeling and feedstock integration at its Iron Creek cobalt-copper project in Idaho, supporting U.S. efforts to onshore critical mineral production and reduce dependence on foreign supply chains.
- With financing for its North American cobalt refinery now completed and construction scheduled to resume, Electra is leveraging its strengthened balance sheet to advance its next phase of growth, focusing on onshoring mineral processing and mining capabilities.
- The company has commenced a bench-scale lab program to evaluate cobalt feedstocks from North American deposits, aiming to modify its existing refinery flowsheet to accept polymetallic sulfide concentrates, which complements current sourcing arrangements and is a step toward integrating domestic mine feed.
- A new geological research program at Iron Creek will refine the geological model and guide future drilling, with a spring 2026 drilling restart planned, and the Electra refinery commissioning targeted for 2027.
Oct 27, 2025, 2:05 PM
Electra Battery Materials Corporation Closes US$34.5 Million Financing and US$40 Million Debt Equitization
ELBM
Debt Issuance
New Projects/Investments
Board Change
- Electra Battery Materials Corporation announced the closing of its US$34.5 million financing and US$40 million debt equitization on October 22, 2025.
- The financing involved the issuance of 46,000,000 units at US$0.75 per unit, with each unit comprising one common share and one common share purchase warrant. Each warrant entitles the holder to purchase a common share at US$1.25 for a period until October 22, 2028.
- Net proceeds from the offering are intended to advance the completion and ramp-up of Electra's cobalt refinery, progress the black mass recycling program, repay US$2 million in promissory notes, cover restructuring expenses, and support general working capital.
- The company successfully completed the offering without requiring the previously announced US$10 million conditional commitment from lenders due to strong demand.
- Electra also recently appointed three new directors to its board: David Stetson, Gerard Hueber, and Jody Thomas.
Oct 23, 2025, 10:50 PM
Electra Battery Materials Completes Financing and Debt Restructuring, Fully Funding Cobalt Refinery
ELBM
New Projects/Investments
Debt Issuance
- Electra Battery Materials Corporation completed a US$34.5 million financing and US$40 million debt equitization.
- The company has secured US$82 million from investors and government commitments, fully funding the construction and commissioning of North America's first cobalt sulfate refinery.
- This restructuring reduced Electra's total debt from US$67 million to US$27 million.
- Once operational, the refinery is expected to produce up to 6,500 tonnes of cobalt sulfate annually.
Oct 22, 2025, 8:01 PM
Quarterly earnings call transcripts for Electra Battery Materials.
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