ELBM

Electra Battery Materials
ELBM

$0.6400

2.88%

Market Cap: $36.6M

About: Electra Battery Materials Corp is building North America's fully integrated, localized, and environmentally sustainable battery materials park. Electra Battery Materials is an integral part of the North American battery supply chain, providing low-carbon, sustainable, and traceable raw materials for the region's fast growing electric vehicle industry.

Employees: 23

0

Funds holding %

of 6,710 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

300% more first-time investments, than exits

New positions opened: 4 | Existing positions closed: 1

13% more funds holding

Funds holding: 23 [Q1] → 26 (+3) [Q2]

1.0% less ownership

Funds ownership: 6.0% [Q1] → 5.0% (-1.0%) [Q2]

21% less capital invested

Capital invested by funds: $1.56M [Q1] → $1.23M (-$326K) [Q2]

71% less repeat investments, than reductions

Existing positions increased: 2 | Existing positions reduced: 7

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Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

Low target

$1.40

119%

upside

Avg. target

$1.40

119%

upside

High target

$1.40

119%

upside

1 analyst rating

1 positive

100%

0 neutral

0%

0 negative

0%

HC Wainwright & Co.

Heiko Ihle

59% 1-year accuracy

89 / 150 met price target

119%upside

$1.40

Buy

Reiterated

21 Aug 2024

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Financial journalist opinion

Based on 5 articles about ELBM published over the past 30 days

Electra and Three Fires Group Announce Aki Battery Recycling Joint Venture

TORONTO, Sept. 18, 2024 (GLOBE NEWSWIRE) -- Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra” or the “Company”) is pleased to announce a joint venture, named Aki Battery Recycling, with Indigenous-owned Three Fires Group to produce battery black mass through responsible recycling of lithium-ion battery scrap and waste material. The black mass would then be sold to Electra's refinery to recover lithium, nickel, cobalt and other critical minerals to produce new lithium-ion batteries.

Electra and Three Fires Group Announce Aki Battery Recycling Joint Venture

Electra Announces $20 Million Strategic Investment Proposal

(All amounts in US dollars) TORONTO, Sept. 10, 2024 (GLOBE NEWSWIRE) -- Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra” or the “Company”) today provided an update on its financing strategy for North America's first battery grade cobalt refinery, announcing that it has received a non-binding term sheet for a $20 million prepayment facility from an arms-length strategic player in the battery materials sector.

Electra Announces $20 Million Strategic Investment Proposal

Electra to Discuss Partnership Opportunities at Indonesian Critical Minerals Summit

TORONTO, Aug. 30, 2024 (GLOBE NEWSWIRE) -- Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra” or the “Company”) is pleased to announce its participation in Indonesia's first critical minerals conference, Fastmarket's International Critical Minerals and Metals Summit: Indonesia. The summit will bring together industry leaders, policymakers, and stakeholders to discuss Indonesia's role in the global energy transition. Electra's participation will underscore the opportunities to develop sustainable nickel and cobalt supply chains for the North American battery materials sector.

Electra to Discuss Partnership Opportunities at Indonesian Critical Minerals Summit

Electra Engages Altitude Capital Consultants

TORONTO, Aug. 29, 2024 (GLOBE NEWSWIRE) -- Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra” or the “Company”) is pleased to announce, in support of its strategic plans to build a North American battery materials supply chain, the Company has signed a strategic advisory agreement with Altitude Capital Consultants Inc. (“Altitude”), based in Toronto, Ontario and led by renowned Canadian capital markets and investment banking experts Michael Wekerle and Gene McBurney, to provide capital markets strategy and analysis of market opportunities.

Electra Engages Altitude Capital Consultants

Cobalt Miners News For The Month Of August 2024

Cobalt spot prices were lower for the month. Supply surge pushes Chinese cobalt metal prices to eight-year low. Cobalt market news - US military announces $20m grant to build cobalt refinery in Canada (see Electra news). Cobalt miners news - Glencore H1, 2024 cobalt production was down 27%. Jinchuan Group decided to temporarily cease the cobalt production in late May 2024 due to low prices.

Cobalt Miners News For The Month Of August 2024

Electra Awarded $20 Million from U.S. Department of Defense Under the Defense Production Act

TORONTO--(BUSINESS WIRE)--Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra” or the “Company”), a processor of low-carbon, ethically-sourced battery materials, announced today that it has been awarded $20 million by the U.S. Department of Defense. The award was made pursuant to Title III of the Defense Production Act (DPA) to expand domestic production capability and is funded through the Additional Ukraine Supplemental Appropriations Act. The funds will support the co.

Electra Awarded $20 Million from U.S. Department of Defense Under the Defense Production Act

Electra Announces Agreement Regarding Outstanding Convertible Notes Interest and Filing of Second Quarter 2024 Financial Reports

TORONTO--(BUSINESS WIRE)---- $ELBM--Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra” or the “Company”) is pleased to announce that the Company and the holders of US$51 million principal amount of 8.99% senior secured convertible notes have agreed that all accrued interest owing to August 15, 2024, on the convertible notes will be “paid-in-kind,” not in cash, and added to the outstanding principal amount of the notes. As a result of this agreement, the Company will issue additi.

Electra Announces Agreement Regarding Outstanding Convertible Notes Interest and Filing of Second Quarter 2024 Financial Reports

Electra Announces Voting Results of its 2024 Annual Meeting of Shareholders

TORONTO--(BUSINESS WIRE)---- $ELBM--Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra” or the “Company”) today announced voting results of its 2024 annual general and special meeting of shareholders held today, August 13, in Toronto. A total of 13,467,376 common shares in the capital of the Company (“Common Shares”), or 23.6% of Electra's issued and outstanding Common Shares were represented in person or by proxy at the meeting. Shareholders voted in favour of all items of busin.

Electra Announces Voting Results of its 2024 Annual Meeting of Shareholders

Electra Identifies New Copper Showing in Idaho and Extends Redcastle Agreement

TORONTO--(BUSINESS WIRE)---- $ELBM--Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra” or the “Company”) announces a new copper showing in proximity to its Iron Creek Project, and provides an update on its Idaho exploration activities. Highlights Electra's 2023 field program discovered a previously unknown copper surface showing, the Malachite Hill Copper Showing, on an unexplored boundary area of the Redcastle Agreement claims portion of the Idaho properties. Electra has signed.

Electra Identifies New Copper Showing in Idaho and Extends Redcastle Agreement

Electra Awarded $5 Million from Government of Canada to Advance Development of Proprietary Battery Metals Recycling Technology

TORONTO--(BUSINESS WIRE)---- $ELBM--Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra” or the “Company”) today announced that it has received $5 million in contribution funding from Natural Resources Canada to support the development of its proprietary battery materials recycling technology. In 2023, the Company successfully operated a battery materials recycling demonstration plant in a batch process at its refinery complex, processing more than 40 tonnes of end-of-life battery.

Electra Awarded $5 Million from Government of Canada to Advance Development of Proprietary Battery Metals Recycling Technology

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