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ELBM / Electra Battery Materials reveals pricing for its US$5.5M equity offering

Electra Battery Materials Corporation (TSX-V:ELBM, NASDAQ:ELBM) said it has priced its previously announced overnight-marketed public offering, on a best efforts basis, at US$2.35 per unit, which would raise gross proceeds of about US$5.5 million, or approximately C$7.4 million. The processor of low-carbon, ethically-sourced battery materials said it intends to use the net proceeds of the financing for capital expenditures associated with the expansion and recommissioning of its wholly-owned hydrometallurgical cobalt refinery, including buildings, equipment, infrastructure, and other direct costs, as well as engineering and project management costs. Read More

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Posted: Nov 9 2022, 14:49

Author Name: Proactive Investors

ELBM News

By Zacks Investment Research
August 23, 2023

Electra Battery Materials Corporation (ELBM) Upgraded to Buy: Here's What You Should Know

Electra Battery Materials Corporation (ELBM) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to

By Proactive Investors
August 18, 2023

Electra Battery Materials prepares to accelerate black mass recycling strategy following 2Q progress

Electra Battery Materials Corporation (TSX-V:ELBM, NASDAQ:ELBM) said it made progress with the first plant-scale recycling of black mass material in N

By Proactive Investors
August 11, 2023

Electra Battery Materials closes $21.5M private placement to fund black mass recycling strategy

Electra Battery Materials Corporation (TSX-V:ELBM, NASDAQ:ELBM) has closed its previously announced brokered private placement and concurrent non-brok

By Proactive Investors
August 3, 2023

Electra Battery Materials upsizes brokered private placement due to investor demand

Electra Battery Materials Corporation (TSX-V:ELBM, NASDAQ:ELBM) said that due to significant investor demand, it has increased the brokered portion of

By InvestorPlace
July 25, 2023

Why Is Electra Battery Materials (ELBM) Stock Up 70% Today?

Electra Battery Materials (NASDAQ: ELBM ) stock is on the rise Tuesday as the company's shares continue to rally on a cobalt supply agreement. Accord

By Proactive Investors
July 24, 2023

Electra Battery Materials extends battery grade cobalt supply agreement with LG Energy Solution

Electra Battery Materials Corporation (TSX-V:ELBM, NASDAQ:ELBM) said its battery-grade cobalt supply agreement with LG Energy Solution has been extend

By Proactive Investors
July 17, 2023

Electra Battery Materials reports first customer shipment produced at refinery complex

Electra Battery Materials Corporation (TSX-V:ELBM, NASDAQ:ELBM) has announced the first customer shipment of nickel-cobalt produced at its refinery

By Proactive Investors
July 12, 2023

Electra Battery Materials to raise up to $10M for cobalt refinery, black mass recycling

Electra Battery Materials Corporation (TSX-V:ELBM, NASDAQ:ELBM) has announced a private placement for gross proceeds of up to $10 million to advance i

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