Electra Battery Materials Secures $5 Million Financing

Electra Battery Materials Corp (TSE:ELBM) has released an update.

Electra Battery Materials Corp has announced a US$5 million financing deal to support early works and winter preparations at its Ontario Refinery project, with a focus on strengthening its balance sheet and reducing reliance on China for EV materials. The financing involves secured convertible notes and common shares, with conditions including regulatory approvals.

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