Electra Battery Materials (ELBM) Provides Corporate Update
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Electra Provides Corporate Update
March 6, 2025 7:30 AM ESTTORONTO, March 06, 2025 (GLOBE NEWSWIRE) -- Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (Electra or the Company) announces an agreement with the holders of its senior secured debt that enhances the Companys financial flexibility. Under this agreement, lenders have agreed to defer all interest payments until February 15, 2027, allowing Electra to invest its capital towards completing its cobalt refinery rather than debt servicing.
The agreement, entered into on March 5, 2025, covers all outstanding 8.99% senior secured convertible notes (the 2028 Notes) and 12% senior secured convertible notes (the 2027 Notes),... More
