Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Electra Battery Materials Corp ( (TSE:ELBM) ) has provided an announcement.
Electra Battery Materials Corporation announced the results of its special shareholder meeting, where all proposed business items were approved, including a reverse stock split and the 2024 Employee Share Purchase Plan. The reverse split, aiming to comply with Nasdaq’s minimum bid price rule, is crucial as failure to do so may lead to delisting from Nasdaq. The company highlights the importance of its Nasdaq listing for visibility and market access. The company also concluded its engagement with Epstein Research, aimed at enhancing company awareness.
More about Electra Battery Materials Corp
Electra Battery Materials Corporation is a processor of low-carbon, ethically-sourced battery materials, with a focus on developing North America’s only cobalt sulfate refinery. The company aims to onshore the electric vehicle supply chain and provide a North American solution for EV battery materials refining. Electra’s strategic initiatives include building a cobalt sulfate refinery, integrating black mass recycling, and exploring potential processing of cobalt and nickel sulfate within North America.
YTD Price Performance: 8.00%
Average Trading Volume: 33,403
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: C$31.98M
See more insights into ELBM stock on TipRanks’ Stock Analysis page.
