Electra Battery Materials Corp (TSE:ELBM) has released an update.
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Electra Battery Materials Corporation has reached an agreement with holders of US$51 million in 8.99% senior secured convertible notes to pay accrued interest by issuing additional notes rather than cash, leading to an increase in principal by US$6.5 million. The company has also filed its second quarter financial results. Approval from the TSX Venture Exchange is pending for the additional notes issuance.
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