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Electra Battery Materials Corp ( (TSE:ELBM) ) has issued an announcement.
Electra Battery Materials Corporation has completed a feasibility study for a new modular battery recycling facility near its cobalt sulfate refinery in Ontario. This facility will utilize Electra’s proprietary hydrometallurgical process to recover key minerals from lithium-ion battery scrap, enhancing North America’s energy security and reducing reliance on Asian processing. The project, supported by partnerships with Aki Battery Recycling and Green Li-ion, aims to strengthen Electra’s position in the battery recycling value chain and contribute to North American energy independence by providing a sustainable supply of critical minerals.
The most recent analyst rating on (TSE:ELBM) stock is a Buy with a C$1.00 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 recovery and refining of critical minerals such as lithium, nickel, cobalt, manganese, and graphite. The company is committed to establishing a closed-loop, domestically sourced battery materials supply chain in North America, positioning itself as a leader in the emerging battery ecosystem.
Average Trading Volume: 34,142
Technical Sentiment Signal: Sell
Current Market Cap: C$24.43M
For an in-depth examination of ELBM stock, go to TipRanks’ Stock Analysis page.