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Electra Battery Materials Corp ( (TSE:ELBM) ) has issued an update.
Electra Battery Materials Corporation has signed a Supply Chain Cooperation Agreement with Positive Materials Inc., aiming to bolster North America’s lithium-ion battery and energy storage industries. This partnership focuses on integrating Electra’s battery-grade cobalt sulfate with Positive’s planned pCAM operations, enhancing the resilience and sustainability of the critical minerals supply chain. The collaboration is expected to align product specifications and support downstream processing for North American and European markets, contributing to a fully integrated domestic battery supply chain.
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 is a leader in advancing North America’s critical minerals supply chain for lithium-ion batteries. The company’s primary focus is constructing North America’s only cobalt sulfate refinery to onshore critical minerals refining and reduce reliance on foreign supply chains. Electra also holds significant land in Idaho’s Cobalt Belt and is advancing black mass recycling opportunities and evaluating growth in nickel refining and other downstream battery materials.
Average Trading Volume: 645,194
Technical Sentiment Signal: Sell
Current Market Cap: C$123.6M
See more insights into ELBM stock on TipRanks’ Stock Analysis page.