Electra Battery Materials Corp

Electra Battery Materials Corp. engages in the acquisition, exploration, and development of mineral properties. Its project portfolio includes First Cobalt Refinery, Iron Creek, Greater Cobalt, and The Geology of Cobalt. The company was founded on July 13, 2011 and is headquartered Toronto, Canada.

Earnings data Q2 2022

Earnings data Q3 2022

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Electra Battery Materials Corp. engages in the refining, acquisition, and exploration of resource properties. Its project portfolio includes Iron Creek and Battery Materials Park. The company was founded on July 13, 2011 and is headquartered Toronto, Canada.

TORONTO--(BUSINESS WIRE)---- $ELBM--Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra” or the “Company”) today announced that Craig Cunningham has resigned from his position as Chief Financial Officer. Mr. Cunningham will provide a smooth transition through his resignation date, June 30, 2023. Peter Park, a senior finance professional with more than 20 years of experience and a current member of Electra's finance team, will assume the responsibilities of Chief Financial Officer.

Electra Names New CFO

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Nickel spot prices were significantly lower the last month. Nickel market news - Nickel faces huge supply glut of Class 2 nickel as Indonesian output booms; however Class I nickel demand is very strong with LME inventory levels declining. Nickel company news - Vale imminent sale of 10% of its base metals business, reported to be worth $US20-25B. Glencore & Li-Cycle announce joint study for battery recycling hub.

Nickel Miners News For The Month Of May 2023

Cobalt spot prices were flat for the month, and LME inventory was lower for the month. Cobalt market news - Cobalt to remain key EV raw material despite substitution threat. Fastmarkets' research analysts forecast cobalt will reach an oversupply of 4,000 tonnes in 2023.

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Electra Battery Materials Corporation (NASDAQ:ELBM ) Q1 2023 Earnings Conference Call May 11, 2023 8:00 AM ET Company Participants Joe Racanelli - Vice President-Investor Relations Trent Mell - Chief Executive Officer Renata Cardoso - Vice President-Sustainability Craig Cunningham - Chief Financial Officer Mark Trevisiol - Vice President, Project Development Conference Call Participants Matthew O'Keefe - Cantor Fitzgerald Jake Sekelsky - Alliance Global Partners Gordon Lawson - Paradigm Capital Operator Thank you for standing by. This is the conference operator.

Electra Battery Materials Corporation (ELBM) Q1 2023 Earnings Call Transcript

Electra Battery Materials Corporation (TSX-V:ELBM, NASDAQ:ELBM) has reported its financial results for the first quarter ended March 31 and issued updates on its cobalt refinery and black mass recycling trial. “Our performance in the first quarter was marked by a number of significant milestones relating to our lithium-ion battery material recycling trial,” CEO Trent Mell said in a statement.

Electra Battery Materials achieves black mass recycling and closes in on refinery project completion

TORONTO--(BUSINESS WIRE)--Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra” or the “Company”) today released updated economics and capital spend estimates for its refinery complex currently under construction north of Toronto. Pending completion, Electra's refinery complex will be the first in North America to integrate the production of critical minerals, including cobalt sulfate and nickel sulfate, needed for the electric vehicle battery supply chain and the process.

Electra Provides Update on Refinery Project and Black Mass Economics; Launches Strategic Review Process

TORONTO--(BUSINESS WIRE)--Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra” or the “Company”) today reported its financial results for the first quarter ended March 31, 2023, and provided an update on the commissioning of its cobalt refinery and its black mass recycling trial. All amounts are in Canadian currency unless otherwise stated. “Our performance in the first quarter was marked by a number of significant milestones relating to our lithium-ion battery material.

Electra Reports Q1 2023 Results and Provides Update on Cobalt Refinery Project and Black Mass Recycling Trial

TORONTO--(BUSINESS WIRE)---- $ELBM--Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra”) will release its first quarter 2023 financial results after market close on May 10, 2023. Senior management will host a conference call and webcast on May 11, 2023 at 8:00 am ET to review Electra's first quarter performance and discuss near-term outlook. Dial-in and Webcast Details: - North American dial-in number: 1-800-319-4610 - International dial-in number: 1-416-915-3239 - Webcast and sl.

Electra Provides Notice of First Quarter 2023 Results Conference Call and Webcast

Electra Battery Materials Corporation (TSX-V:ELBM, NASDAQ:ELBM) has signed a memorandum of understanding with Three Fires Group to create a joint venture to recycle lithium-ion battery waste in Ontario. The venture would be underpinned by Electra's proprietary black mass processing capabilities that recover high value elements, including lithium, nickel, cobalt and graphite.

Electra Battery Materials to create lithium recycling JV with Three Fires Group

CHIPPEWAS OF KETTLE & STONY POINT FIRST NATION, Ontario--(BUSINESS WIRE)--Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra” or the “Company”) today announced the signing of a memorandum of understanding (“MOU”) with the Three Fires Group (“TFG”) to form a joint venture focused on the recycling of lithium-ion battery waste in Ontario underpinned by Electra's propriety black mass processing capabilities that recover high value elements, including lithium, nickel, cobalt.

Electra and First Nation-Owned Three Fires Group Sign MOU to Recycle Lithium-ion Battery Waste in Ontario

Nickel spot prices were flat the last month. Nickel market news - INSG forecasts 2023 nickel surplus amid increase in Class 2 supplies. Fitch says nickel could average $US32,000/t in years to come.

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Cobalt Miners News For The Month Of April 2023

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Electra Battery Materials Corporation (NASDAQ:ELBM ) Q4 2022 Earnings Conference Call March 5, 2023 10:00 AM ET Company Participants Joe Racanelli - Vice President, Investor Relations Trent Mell - Chief Executive Officer Craig Cunningham - Chief Financial Officer Mark Trevisiol - Vice President, Project Development Conference Call Participants Heiko Ihle - H.C. Wainwright & Co., LLC Gordon Lawson - Paradigm Capital Operator Thank you for standing by.

Electra Battery Materials Corporation (ELBM) Q4 2022 Earnings Call Transcript

Electra Battery Materials Corporation (TSX-V:ELBM, NASDAQ:ELBM) has reported financial results for the fourth-quarter and year ended December 31, 2022, with both periods showing net income versus a net loss in 2021, and has provided an update on the commissioning of its cobalt refinery and its black mass recycling trial. “2022 was a remarkable year for Electra, filled with achievements and developments that augur extremely well for our Company and our prospects of becoming a key link in the North American EV battery supply chain,” commented Trent Mell, Electra's CEO in a statement.

Electra Battery Materials reports strong net income for 2022 versus a net loss in 2021

TORONTO--(BUSINESS WIRE)--Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra” or the “Company”) today reported its financial results for the quarter and year ended December 31, 2022, and provided an update on the commissioning of its cobalt refinery and its black mass recycling trial. All amounts are in Canadian currency unless otherwise stated.

Electra Reports Q4 and Year-End 2022 Results and Provides Update on Cobalt Refinery Project and Black Mass Recycling Trial

TORONTO--(BUSINESS WIRE)---- $ELBM--Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra”) will release its fourth quarter 2022 financial results after market close on April 4, 2023. Senior management will host a conference call and webcast on April 5, 2023 at 8:30 am ET to review Electra's fourth quarter performance and discuss near-term outlook.

Electra Provides Notice of Fourth Quarter 2022 Results Conference Call and Webcast

TORONTO--(BUSINESS WIRE)--Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra”) today announced that the Company has postponed its conference call and webcast previously scheduled for today pending the filing and release of its fourth quarter and year-end financial results for 2022. The Company anticipates filing its financial results on or before Wednesday April 5, 2023 and will announce the new date and time of its conference call and webcast accordingly.

Electra Postpones Fourth Quarter 2022 Results Conference Call and Webcast

Nickel spot prices were lower the last month. Sprott launches Nickel Miners ETF. Nickel market news - EU Critical Raw Materials Act 10% of critical raw materials mined in Europe by 2030. Ford CEO says lithium and nickel are the key constraining commodities.

Nickel Miners News For The Month Of March 2023

Cobalt spot prices were lower for the month, LME inventory was lower for the month. Cobalt market news - EU Commission wants 10% of critical raw materials mined in Europe by 2030. Fastmarkets forecast cobalt surplus of 4,000t in 2023, increasing to 14,000t in 2024.

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Electra Battery Materials Corporation (TSX-V:ELBM, NASDAQ:ELBM) said it has successfully recovered lithium, a critical mineral needed for the electric vehicle (EV) battery supply chain, in its black mass recycling trial being conducted at its refinery north of Toronto.  The company said the recovery and subsequent production of a technical-grade lithium carbonate product in a plant-scale setting validates its proprietary hydrometallurgical process and efforts to date in commissioning its larger refinery complex.

Electra Battery Materials produces lithium from battery recycling trial, significantly improving its project economics

TORONTO--(BUSINESS WIRE)--Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra”, or the “Company”) announced today that it has successfully recovered lithium, a critical mineral needed for the electric vehicle (EV) battery supply chain, in its black mass recycling trial being conducted at its refinery north of Toronto.

Electra Produces Lithium from Battery Recycling Trial, Significantly Improving its Project Economics

Electra Battery Materials Corporation (TSX-V:ELBM, NASDAQ:ELBM) reported an updated mineral resource estimate (2023 MRE) for its Iron Creek cobalt-copper project in the Idaho Cobalt Belt, a 34-mile-long formation containing some of the largest primary cobalt deposits in North America, that paves the way for exploration activities and development of a preliminary economic assessment (PEA). “Continued exploration and development of the Idaho Cobalt Belt will help to reduce North America's reliance on foreign sources of cobalt supply particularly as demand for critical minerals will grow exponentially in the coming years,” said Electra CEO Trent Mell said in a statement.

Electra Battery says its positive updated mineral resources estimate paves way for PEA at its Iron Creek project in Idaho

TORONTO--(BUSINESS WIRE)--Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra”, or the “Company”) announced today an updated mineral resource estimate (“2023 MRE”) for its Iron Creek Cobalt-Copper Project located in the Idaho Cobalt Belt, a 34-mile-long formation containing some of the largest primary cobalt deposits in North America, that paves the way for additional exploration activities and development of a preliminary economic assessment.

Electra Updates Mineral Resource Estimate at its Iron Creek Cobalt-Copper Project in Idaho

The heavy selling pressure might have exhausted for Electra Battery Materials Corporation (ELBM) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.

News for Electra Battery Materials Corp Stock (ELBM)