Electra Battery Materials Corp ( (TSE:ELBM) ) has issued an announcement.
Electra Battery Materials Corporation has successfully closed the first tranche of its oversubscribed private placement, raising approximately US$3.08 million. This funding will be used to advance the company’s Refinery project and for general corporate purposes. The participation of key company executives in the offering highlights confidence in Electra’s strategic direction. Additionally, Electra has engaged Independent Trading Group to provide market-making services, further strengthening its market presence.
More about Electra Battery Materials Corp
Electra Battery Materials Corporation operates in the critical minerals industry, focusing on building a North American supply chain for battery materials. The company is involved in refining and advancing projects related to battery materials, with a particular emphasis on its Refinery project site in Temiskaming Shores, Ontario.
YTD Price Performance: -46.92%
Average Trading Volume: 27,362
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$20.47M
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