ELBM Electra Battery Materials Corporation
Price Chart
Executive Summary
Electra Battery Materials reported Q1 2026 operating results, highlighting the approval of a US$73M construction budget for its cobalt sulfate refinery, a strategic supply agreement with LG Energy Solution covering ~60% of planned production, and a C$20M investment from the Government of Canada. The company ended the quarter with C$40.2M in cash and raised ~US$4.6M via ATM issuances at an average price of US$0.91/share. No revenue or EPS consensus was available; the reported EPS of -$1.47 reflects a pre-revenue development-stage company.
Actionable Insight
Electra has de-risked its refinery build with a defined budget, government funding, and an offtake agreement covering 60% of production. Monitor for further construction contract awards and milestone progress toward Q4 2026 commissioning. The ATM program provides ongoing capital flexibility but may create near-term dilution.
Key Facts
- Board approved US$73M construction budget for cobalt sulfate refinery; commissioning targeted Q4 2026, mechanical completion Q2 2027, commercial production Q4 2027
- Strategic supply agreement with LG Energy Solution for ~60% of planned cobalt sulfate production for up to six years
- C$20M investment from Government of Canada under Strategic Response Fund (25% non-repayable, up to 75% repayable)
- Cash and cash equivalents of C$40.2M as of March 31, 2026
- Raised ~US$4.6M net proceeds through ATM equity program at average price of US$0.91/share
- Awarded ~C$32M in refinery construction contracts to date
- EPS of -$1.47 (pre-revenue development-stage company; no consensus available)
Financial Impact
US$73M construction budget approved; C$20M government investment; ~US$4.6M ATM proceeds at US$0.91/share
Risk Factors
- Construction and commissioning delays could push commercial production beyond Q4 2027 target
- Further equity dilution likely as ATM program remains active and additional capital may be needed for working capital
- Cobalt price volatility could impact project economics and offtake attractiveness
- Execution risk on a first-of-its-kind North American cobalt sulfate refinery
Market Snapshot
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3294791 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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Jun 8, 2026
1d ago
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6-K
| $0.6387 awaiting T+1 | awaiting T+1 | — | $0.6220 (−2.61%) |
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Jun 4, 2026
5d ago
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6-K
| $0.7000 $0.6450 | ▼ −7.86% | ▼ −5.26% | $0.6220 (−11.14%) |
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Jun 4, 2026
5d ago
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Press Release
| $0.7000 $0.6450 | ▼ −7.86% | ▼ −5.26% | $0.6220 (−11.14%) |
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May 14, 2026
26d ago
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Press Release
| $0.6200 $0.5990 | ▼ −3.39% | ▼ −2.16% | $0.6220 (+0.32%) |
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May 14, 2026
26d ago
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6-K
| $0.6200 $0.5990 | ▼ −3.39% | ▼ −2.16% | $0.6220 (+0.32%) |
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May 13, 2026
27d ago
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6-K
| $0.6170 $0.6200 | ▲ +0.49% | ▼ −0.29% | $0.6220 (+0.81%) |
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May 13, 2026
27d ago
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Press Release
| $0.6170 $0.6200 | ▲ +0.49% | ▼ −0.29% | $0.6220 (+0.81%) |
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May 5, 2026
5w ago
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6-K
| $0.6550 $0.6560 | ▲ +0.15% | ▼ −1.23% | $0.6220 (−5.04%) |
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Apr 9, 2026
8w ago
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6-K
| $0.5660 $0.5910 | ▲ +4.42% | ▲ +4.48% | $0.6220 (+9.89%) |
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Apr 9, 2026
8w ago
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Press Release
| $0.5660 $0.5910 | ▲ +4.42% | ▲ +4.48% | $0.6220 (+9.89%) |
US Market Status
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