Electra Battery Materials Corp (TSE:ELBM) has released an update.
Electra Battery Materials Corp has announced the approval from the TSX Venture Exchange to issue shares in order to satisfy a portion of interest owed on its senior secured convertible notes. The share issuance, representing $400,732 of interest, is set to take place on March 21, 2024, with the share value based on recent average trading prices. This strategic financial move aims to manage the company’s $51 million note obligations more effectively.
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