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    ELBM   CA28474P2017

ELECTRA BATTERY MATERIALS CORPORATION

(ELBM)
  Report
Delayed Bourse de Toronto  -  02:50 2022-11-25 pm EST
3.070 CAD   -1.60%
11/16Electra Battery Materials Closes US$5.5 Million Public Equity Offering
AQ
11/16HC Wainwright Starts Electra Battery Materials at Buy With $7.75 Price Target
MT
11/15Electra Closes US$5.5 Million Public Equity Offering
BU
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Electra Battery Materials, LG Energy Solution Sign Three-Year Cobalt Supply Agreement

09/22/2022 | 12:06pm EST

By Glenn Johnson


Electra Battery Materials Corp. said Thursday it has signed a three-year agreement to supply battery-grade cobalt to LG Energy Solution Ltd., which makes lithium-ion batteries for electric vehicles.

Electra has agreed to supply the company with 7,000 metric tons of the cobalt beginning in 2023 from the only cobalt-sulfate refinery in North America, located north of Toronto. The refinery is in the late stages of commissioning and is expected to begin operations in the spring of 2023, Electra said.

In the first year of the agreement, Electra will supply 1,000 tons. The company will supply 3,000 tons of cobalt in 2024 and 2025. Financial terms of the supply agreement weren't disclosed.

Electra and LG Energy Solution have also agreed to explore other opportunities across North America's electric vehicle supply chain, such as securing sustainable sources of raw materials.

In August, Electra signed a non-binding memorandum of understanding with Fuse Cobalt Inc. to get raw cobalt. At the time, the companies said Electra could commit to purchase up to 2,000 tons of cobalt annually from Fuse, if they come to a final agreement.


Write to Glenn Johnson at glenn.johnson@wsj.com

(END) Dow Jones Newswires

09-22-22 1205ET

Stocks mentioned in the article
ChangeLast1st jan.
ELECTRA BATTERY MATERIALS CORPORATION -1.60% 3.07 Delayed Quote.-45.86%
LG ENERGY SOLUTION, LTD. 0.53% 571000 End-of-day quote.0.00%
All news about ELECTRA BATTERY MATERIALS CORPORATION
11/16Electra Battery Materials Closes US$5.5 Million Public Equity Offering
AQ
11/16HC Wainwright Starts Electra Battery Materials at Buy With $7.75 Price Target
MT
11/15Electra Closes US$5.5 Million Public Equity Offering
BU
11/14Electra Announces Voting Results of its 2022 Annual Meeting of Shareholders
AQ
11/11Electra Announces Voting Results of its 2022 Annual Meeting of Shareholders
BU
11/10Transcript : Electra Battery Materials Corporation, Q3 2022 Earnings Call, No..
CI
11/09Electra Reports Q3 Results and Provides Update on Cobalt Refinery Project and Black Mas..
BU
11/09Electra Battery Materials Prices $5.5 Million Offering; Shares Plunge
MT
11/09Electra Announces Pricing of Public Equity Offering
BU
11/09Electra Battery Materials Corporation Reports Earnings Results for the Third Quarter an..
CI
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Analyst Recommendations on ELECTRA BATTERY MATERIALS CORPORATION
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Financials
Sales 2022 - - -
Net income 2022 -3,30 M -2,47 M -2,47 M
Net Debt 2022 - - -
P/E ratio 2022 -30,7x
Yield 2022 -
Capitalization 108 M 80,7 M 80,7 M
Capi. / Sales 2022 -
Capi. / Sales 2023 0,71x
Nbr of Employees 19
Free-Float 98,7%
Chart ELECTRA BATTERY MATERIALS CORPORATION
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Electra Battery Materials Corporation Technical Analysis Chart | MarketScreener
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 4
Last Close Price 3,07 CAD
Average target price 10,19 CAD
Spread / Average Target 232%
EPS Revisions
Managers and Directors
Trent C. A. Mell President, Chief Executive Officer & Director
Craig Cunningham Chief Financial Officer
John J. Pollesel Chairman
David Marshall Vice President-Engineering
Sabrina Gunness Head-Administration