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Electra Files Year-End 2021 Financial Results
Electra Files Year-End 2021 Financial Results Canada NewsWire TORONTO...
About this update from Electra Battery Materials Corp
[{"type":"text","content":"\n \n \n \n Electra Files Year-End 2021 Financial Results\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n TORONTO\n \n ,\n \n April 8, 2022\n \n /CNW/ -\n \n Electra Battery Materials Corporation\n \n (TSXV: ELBM) (OTCQX: ELBM) (\"Electra\") today announced the filing of its audited financial results for the year ended\n \n December 31, 2021\n \n .\n \n \n \n \n \n \n \n \n \n For complete details of the consolidated financial statements and the associated management's discussion and analysis, please refer to the Company's filing on SEDAR (\n \n www.sedar.com\n \n ) or the Company's website (\n \n www.electrabmc.com\n \n ).\n \n \n The Company continues to advance its plans to develop\n \n North America's\n \n only Battery Materials Park. In line with phase one of the Company's strategic plan, Electra remains on schedule to commission its expanded refinery in\n \n December 2022\n \n , at which time it will become the first refiner of battery-grade cobalt sulfate in\n \n North America\n \n and the second largest outside of\n \n China\n \n .\n \n \n \n HIGHLIGHTS\n \n \n \n \n Cash of\n \n C$58.6 million\n \n as of\n \n December 31, 2021\n \n .\n \n \n \n \n Closing of an additional\n \n US$7.5 million\n \n of additional convertible notes in\n \n October 2022\n \n on the same terms as the first tranche of convertible notes that closed on\n \n September 2, 2021\n \n .\n \n \n \n \n Refinery capital costs committed of\n \n C$38 million\n \n (inclusive of\n \n C$12 million\n \n spent to date), representing 46% of the total capital budget. The solvent extraction design and manufacturing contract was awarded to Metso-Outotec during the fourth quarter.\n \n \n \n \n Receipt of final approvals for the Refinery's Air and Noise permit, Industrial Sewage Works permit, and closure plan.\n \n \n \n The Company launched a new at-the-market equity program (the \"2022 ATM Program\") in\n \n January 2022\n \n for the issuance of up to\n \n $20 million\n \n in common shares from treasury. The Company has issued a total of 2,754,300 common shares...