Electra Battery Materials Corp (TSE:ELBM) has released an update.
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Electra Battery Materials Corp has announced a strategic agreement to address accrued interest on its 8.99% senior secured convertible notes by issuing additional notes, therefore preserving liquidity for its cobalt refinery project. The company is focused on becoming a key player in the North American battery supply chain, with a government-supported battery recycling program, and has already secured significant customer demand, including LG Energy Solutions reserving a substantial portion of its production. Electra’s second quarter financial results have been filed, indicating a continued commitment to financial management and project development.
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