The latest update is out from Electra Battery Materials Corp ( (TSE:ELBM) ).
Electra Battery Materials Corporation announced that its non-brokered private placement is fully subscribed, reflecting strong investor confidence in its strategy to support a North American critical minerals supply chain. The capital raised will be used to advance the company’s Refinery project site in Temiskaming Shores, Ontario, and for general corporate purposes, pending regulatory approvals and completion of closing documentation.
More about Electra Battery Materials Corp
Electra Battery Materials Corporation is a leader in advancing North America’s critical minerals supply chain for lithium-ion batteries. The company is focused on developing North America’s only cobalt sulfate refinery and is executing a strategy to onshore critical minerals refining, reducing reliance on foreign supply chains. Electra’s strategy also includes nickel refining, battery recycling, and exploring opportunities for cobalt and nickel sulfate production in North America.
YTD Price Performance: -35.00%
Average Trading Volume: 27,152
Technical Sentiment Signal: Buy
Current Market Cap: C$25.02M
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