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TSXV:ELBM 13 October 2025

Electra Battery Materials (ELBM) Stock Skyrockets on $30M Cobalt Refinery Funding – EV Metal Boom Ignites

Electra Battery Materials (ELBM) Stock Skyrockets on $30M Cobalt Refinery Funding – EV Metal Boom Ignites

Electra Battery Materials shares surged 150% on Oct. 13, 2025, after announcing a $30 million private placement and major debt-to-equity conversion. The company is restarting construction of its Ontario cobalt refinery and advancing a U.S. mine. Ontario and the U.S. government have pledged about C$64 million in support. Electra remains pre-revenue, reporting a $21.5 million net loss over the past year.
13 October 2025
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