Electra Battery Materials Corp (TSE:ELBM) has released an update.
Electra Battery Materials Corp reported a decline in cash reserves, with cash and cash equivalents dropping to $3.26 million as of September 2024, down from $7.56 million at the end of 2023. The company faced a net loss of $2.94 million for the third quarter of 2024, compared to a $9.22 million loss in the same period the previous year. Despite the challenges, Electra continues to hold significant exploration and evaluation assets valued at over $87 million.
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