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Electra Battery Materials Corp ( (TSE:ELBM) ) just unveiled an update.
Electra Battery Materials Corporation has completed a feasibility study for a new modular battery recycling facility near its cobalt sulfate refinery in Ontario. The facility aims to recover valuable materials from lithium-ion battery scrap and end-of-life batteries, enhancing North America’s energy security and positioning Electra as a leader in the region’s battery ecosystem. The project is supported by partnerships, including one with Aki Battery Recycling, and has received backing from government entities. The initiative aligns with strategic priorities in Canada and the U.S., addressing the growing demand for critical minerals and contributing to national security by reducing reliance on Asian processing.
The most recent analyst rating on (TSE:ELBM) stock is a Buy with a C$2.10 price target. To see the full list of analyst forecasts on Electra Battery Materials Corp stock, see the TSE:ELBM Stock Forecast page.
Spark’s Take on TSE:ELBM Stock
According to Spark, TipRanks’ AI Analyst, TSE:ELBM is a Underperform.
Electra Battery Materials Corp’s overall stock score is low due to its severe financial difficulties, including no revenue and high losses, and negative valuation metrics. While technical analysis indicates a bearish trend, recent corporate events show potential for future growth, but they are insufficient to offset current financial and operational challenges.
To see Spark’s full report on TSE:ELBM stock, click here.
More about Electra Battery Materials Corp
Electra Battery Materials Corporation operates in the battery materials industry, focusing on the recycling and refining of critical minerals such as cobalt, lithium, nickel, manganese, and graphite. The company is committed to creating a closed-loop, domestically sourced battery materials supply chain and is strategically positioned in North America’s emerging battery ecosystem.
Average Trading Volume: 34,142
Technical Sentiment Signal: Sell
Current Market Cap: C$24.43M
For detailed information about ELBM stock, go to TipRanks’ Stock Analysis page.