Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
The latest update is out from Electra Battery Materials Corp ( (TSE:ELBM) ).
Electra Battery Materials Corporation has made significant progress in 2024, securing over $50 million in non-dilutive funding to resume construction of its cobalt sulfate refinery, which is set to be the first of its kind in North America. The company has also advanced its battery recycling program, achieving high-purity outputs and forming strategic partnerships to ensure a steady supply of black mass feed. These developments enhance Electra’s position in the market, aligning with U.S. priorities for domestic supply chain security and sustainable innovation.
More about Electra Battery Materials Corp
Electra Battery Materials Corporation operates in the battery materials industry, focusing on the production and recycling of critical metals such as cobalt, nickel, and lithium. The company is working towards establishing North America’s first cobalt sulfate refinery and is involved in battery recycling programs to support the lithium-ion battery supply chain.
YTD Price Performance: -40.38%
Average Trading Volume: 27,685
Technical Sentiment Signal: Buy
Current Market Cap: C$22.95M
For an in-depth examination of ELBM stock, go to TipRanks’ Stock Analysis page.