11
May
15:24
Electra Battery Materials needs funds to complete Ontario cobalt refinery
Electra Battery Materials says it needs to raise additional funds to complete the construction of its cobalt refinery in Ontario, Kallanish reports.
The company is starting a strategic business review to analyse all options including a sale of assets or a possible merger. It has retained BMO Capital Markets to assist in that study.
The capital costs on the restarted/expanded refinery in Temiskaming Shores, Ontario, have grown to between $110 million and $121 mill…
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