Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Electra Battery Materials Corp ( (TSE:ELBM) ) just unveiled an update.
On September 3, 2025, Electra Battery Materials Corporation announced the completion of its early works program at its cobalt refinery north of Toronto. This milestone is crucial for the company as it prepares to restart full construction, enhancing its readiness and reducing the ramp-up time for mobilizing a full construction crew. Supported by strategic government funding, the program focused on advancing the solvent extraction facility, a key step in producing high-purity, battery-grade cobalt. This development positions Electra to be a foundational part of North America’s energy future, offering a cleaner, traceable alternative to overseas supply chains and reaffirming its commitment to building a resilient, domestic battery materials supply chain.
The most recent analyst rating on (TSE:ELBM) stock is a Buy with a C$2.20 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 is focused on developing North America’s only cobalt sulfate refinery and is executing a phased strategy to onshore critical minerals refining, reducing reliance on foreign supply chains. Electra’s growth projects include nickel refining, battery recycling, and integrating black mass recycling at its existing refining complex.
Average Trading Volume: 40,190
Technical Sentiment Signal: Sell
Current Market Cap: C$22.45M
For a thorough assessment of ELBM stock, go to TipRanks’ Stock Analysis page.