Electra Battery Materials Provides Update On Construction Of Its Battery Grade Cobalt Sulfate Refinery
Portfolio Pulse from Benzinga Newsdesk
Electra Battery Materials has provided an update on the construction of its battery grade cobalt sulfate refinery. As of September 30, 2023, the company had a cash balance of approximately C$15.1 million. The company is expected to report its Q3 2023 financial results by November 15, 2023.
October 23, 2023 | 11:20 am
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Electra Battery Materials is progressing with its cobalt sulfate refinery construction and has a healthy cash balance. The upcoming Q3 2023 financial results could provide further insights into the company's financial health.
The news about the construction progress of the refinery and the company's cash balance is directly related to Electra Battery Materials. However, without more specific details about the progress or the expected financial results, the impact on the stock price is neutral in the short term.
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