Electra Battery Materials Corp (TSE:ELBM) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Electra Battery Materials Corp has secured $5 million in financing to kickstart operations at its Ontario Refinery project and settle accrued interest on existing convertible notes. The company also plans a reverse stock split to meet Nasdaq’s minimum bid requirements, crucial for avoiding delisting. Electra is focused on enhancing North America’s electric vehicle battery supply chain with its unique cobalt sulfate refinery.
For further insights into TSE:ELBM stock, check out TipRanks’ Stock Analysis page.
