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”), which will include a US$10 million conditional commitment from the Lenders. Together, the Transaction and Equity Financing are designed to strengthen Electra’s capital structure and provide the funding required to advance the commissioning of North America’s first cobalt sulfate refinery.
Related Questions
How will the debt‑to‑equity conversion and $30 million equity financing dilute existing shareholders and affect earnings per share?
What is the projected timeline and total capital need for commissioning the cobalt sulfate refinery, and does this financing fully cover those requirements?
How does Electra’s revised capital structure compare to peers in the battery‑materials sector, and what are the implications for its cost of capital and credit profile?