Electra Battery Materials Co. (NASDAQ:ELBM) Sees Significant Increase in Short Interest

Electra Battery Materials Co. (NASDAQ:ELBM) Sees Significant Increase in Short Interest

Electra Battery Materials Co. (NASDAQ:ELBM – Get Free Report) was the target of a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 249,300 shares, an increase of 366.0% from the March 15th total of 53,500 shares. Currently, 1.7% of the company’s shares are sold […]

Electra Battery Materials Corp. (TSXV:ELBM) - LOI for $20M Funding From Canada; Pivot to Toll Milling Focus Should Benefit - Research Portal

While Co prices remain relatively low (despite a recent bump), the name of the game has been to de-risk the final refinery construction funding and future operations. Gone are plans to acquire Co feed and a decision has been made to toll mill feed from Glencore (LSE:GLEN, Not Rated) and deliver final production to LGES. As part of project funding, ELBM entered a non-binding LOI for $20M from the Gov’t of Canada that was first announced in January