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Electra Launches Debt-to-Equity Conversion and US$30 Million Financing with Lender Support to Advance North America’s First Battery Grade Cobalt Refinery
TORONTO, Aug. 21, 2025 (GLOBE NEWSWIRE) -- Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra” or the “Company”) has entered into a term sheet and transaction support agreement with its Lenders pursuant to which it will launch a debt-to-equity conversion that will reduce its convertible debt outstanding by 60% as part of a comprehensive financial restructuring (the “Transaction”). In addition, the Company intends to launch a US$30 million financing (the “Equity Financing
About this update from Electra Battery Materials Corp
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