Electra Battery Materials Corp. (TSXV:ELBM) - Proposed Debt Equitization & US$30M Raise Set Stage for Finishing Construction - Research Portal

Electra Battery Materials Corp. (TSXV:ELBM) - Proposed Debt Equitization & US$30M Raise Set Stage for Finishing Construction - Research Portal

Electra Battery Materials has announced a partial equitization of its debt and a concurrent US$30M equity financing to advance its Co refinery at Temiskaming Shores in Northern Ontario. This restructuring represents progress. It does significantly dilute existing shareholders and we project that the current holders of the convertible debt will end up owning ~2/3rds of the company. However, the planned US$30M equity raise makes a huge dent on the